First, blockchains were public. Second, a few chains solved concealed transactions. Now, a developer can program any app or use case and run it on encrypted data.
This is general-purpose privacy. Live on $COTI. Expanding to more chains via Privacy-on-Demand 🛡️
Most privacy protocols privatize a fixed menu of actions. Very few let a developer deploy any program at all and run it on encrypted data. Here is the difference, why it is so hard to build, and why the institutions designing the next financial system are already writing it into their requirements. TL;DR → General-purpose privacy means a developer can deploy any program and have it compute over encrypted data. → Single-purpose privacy protects a closed menu of actions, usually transfers. The second is a much harder problem, and it is the one COTI solved. → COTI’s gcEVM has been live in production on COTI mainnet since March 2025. Not a testnet. Not a roadmap item. → The institutions building the actual financial rails treat confidentiality as a design requirement, not a preference. → Payroll, payments, contracts, and settlements each break on a transparent chain in a completely different way. Four failure modes cannot be patched with four bolt-on privacy tools. → Garbled Circuits on COTI run up to 3,000x faster and 250x lighter than alternative privacy solutions, light enough for any device, fully EVM-compatible, and written in standard Solidity. A Category Almost Nobody Has Entered The demand for privacy from enterprises, institutions is skyrocketing. But with years in development, the world of crypto solutions is still short on delivery. More than a decade of research, billions in funding, and hundreds of launches with “privacy” in the first line of the documentation. Yet when you ask the precise question, the field thins out immediately. The billion dollar question: Can a builder deploy an arbitrary program or use cases that computes end-to-end encrypted data on a live network, today? The COTI answer is yes. The gcEVM, COTI’s EVM implementation powered by Garbled Circuits, has been live on COTI mainnet since March 2025. Developers write confidential contracts in standard Solidity, using Hardhat, choosing what stays encrypted and what stays public inside a single contract. COTI is not alone on that list, and it is a very short list for a problem this valuable. Avishay Yanai, co-founder of Soda Labs, the cryptography team COTI built its Garbled Circuits protocol with, asked Claude Fable and this was the result: “…by now there are only two networks with a general-purpose protocol level privacy. Kudos @COTInetwork @Starknet” Credit where it is due. The rise of privacy benefits everyone building in this space. The list is short because the problem is genuinely hard, not because nobody wanted the prize. Encrypting data is a solved problem. Computing on data while it stays encrypted, fast enough that a smart contract can do it inside a block, on hardware a normal person owns, is a different discipline entirely. Garbled Circuits were introduced by Andrew Yao in 1986 and sat largely on the academic shelf for decades because the machines and the optimizations were not ready. The first working implementation arrived in 2004. Bringing a full, optimized Garbled Circuits engine to a live blockchain took another twenty years, and COTI, with Soda Labs, is where that arc finally met production. Ethereum co-founder Vitalik Buterin has publicly pointed to Garbled Circuits as the path to pure-cryptographic security guarantees for multi-party computation. COTI is the project that shipped it. What General-Purpose Privacy Actually Means Here is the distinction that decides everything, and it gets collapsed constantly. Single-purpose privacy protects a fixed set of actions. The protocol decides in advance what can be confidential, and that menu is closed. Usually it is transfers: move an asset without revealing the amount or the counterparties. This is real engineering and real value. General-purpose privacy means a developer writes the program, and the program computes over encrypted data. Nobody decided in advance what your confidentiality is for. You did. The cleanest way to see the difference is to stop arguing about it and look at what a developer can actually build. A payroll contract. Salary amounts arrive encrypted and stay encrypted. The contract still adds them into a department total, applies a withholding rate, and checks each figure against an approval threshold. Finance gets its numbers. An auditor gets the view it is entitled to. No individual figure is ever exposed, including to the network performing the calculation. A sealed-bid auction. Every bid is submitted encrypted and stays encrypted through settlement. The contract compares encrypted bids against one another to determine a winner, and the losing bids are never revealed to anyone, not to the other bidders and not to the auctioneer. There is no window in which bidding can be front-run, because there is nothing in the mempool to read. Order flow that conceals size. Order size stays encrypted while the contract computes against it: routing, slippage limits, execution thresholds. Intent stops being a public signal, so it stops being an attack surface. Why Enterprises Need Privacy That Adapts to the Business There is an asymmetry in this market that almost nobody notices. Ask allocators, banks or asset managers what is the bottleneck to digital assets adoption, and one of the few key missing pieces is confidentiality. Confidentiality and regulatory clarity dominate the conversation. Now look at the institutions actually building the rails, where the Bank for International Settlements and the central banks behind Project Agorá treat confidentiality not as a feature request but as a design requirement written into the specification. The people writing the checks are not asking for confidentiality. The people writing the architecture are designing for it as a precondition. That gap is the opportunity. Circle, announcing Arc Privacy in June 2026, covered the whole surface in a single sentence: “Public blockchains create challenges because payroll activity, treasury transfers, trading strategies, and customer transactions can become visible to anyone monitoring the network.” Four use cases, four different failure modes This is exactly where general-purpose earns its name, because each of these breaks in a different shape. Payroll. Put compensation on a transparent chain and every employee, recruiter, and competitor can read the whole comp band. Payments. Vendor and custody relationships are recoverable by anyone with a block explorer and patience. In February 2024, analytics firm Arkham identified roughly 186,000 of MicroStrategy’s 190,000 BTC and published the split across its custodians. The company had disclosed none of it. Contracts. Business logic leaks before it executes. In June 2022, a Solend borrower’s position, collateral ratio, and exact liquidation price were all public, so the counterparty DAO simply passed an emergency vote to take control of his account. The terms of the position were readable, which is what made them actionable against him. Settlements. On 12 March 2025, a trader swapped $220,764 in USDC and received $5,271 in USDT. Eight seconds. An MEV bot pulled the pool’s liquidity ahead of the trade and replaced it after. A stablecoin-to-stablecoin settlement, the most boring transaction imaginable, lost 97.6% of its value because the intent was public before it was executed. Four use cases. Four completely different failure modes. You do not fix that by deploying four separate privacy tools and hoping they compose across your stack. You fix it with one substrate where confidentiality is programmable, and you shape it to the business requirement in front of you. How General-Purpose Privacy Works on COTI Programmable Privacy On COTI, confidentiality is a property you write into the contract, not a mode the chain imposes on you. The developer decides which values stay encrypted, which computations run over ciphertext, and who is authorized to decrypt a result. Selective disclosure is built in, so an auditor or regulator can be granted exactly the view they are entitled to while everyone else sees ciphertext. A payroll contract can encrypt amounts while leaving employment status auditable. A settlement system can encrypt position sizes while proving solvency to a supervisor. A treasury can encrypt balances while its issuance stays governed and provable. Same chain. Same gcEVM. Different confidentiality logic, because the business requirements are different. That is what general-purpose buys you. MPC and End-to-End Encryption COTI’s privacy runs on Garbled Circuits, a protocol for secure multi-party computation (MPC) in which several parties jointly compute a function over private inputs and learn only the result. Data is encrypted before it reaches the network. Computation runs over that encrypted data. The result is offboarded to a user’s key and decrypted client-side. Each user holds their own AES key issued through a precompile, and the network key is split across nodes with threshold cryptography, so no single node can reconstruct it. No operator, validator, or node holds your plaintext. The trust model rests on a threshold of honest nodes plus battle-tested symmetric-key cryptography. There is no trusted setup ceremony and no dependence on hardware secure enclaves. Because the foundation is symmetric-key, quantum resistance is a matter of key length, and the Helium upgrade already brought native 256-bit arithmetic to mainnet. One thing COTI is always precise about: COTI encrypts amounts, balances, and computation inputs and outputs. It does not encrypt metadata. Sender, recipient, timestamp, and the fact that a transaction occurred stay public. That boundary is not a gap being worked around. It is the same boundary every institution named above is describing. The BIS, Agorá, and Circle all scope confidentiality to amounts, positions, and business logic, paired with authorized visibility for the parties entitled to it. Selective disclosure, not disappearance. Garbled Circuits Performance Confidential computation only matters if it is fast enough to actually deploy, and this is where the choice of cryptography decides the outcome. COTI’s Garbled Circuits implementation runs up to 3,000x faster and 250x lighter than alternative privacy solutions. Light enough for any device, including mobile, with no specialized hardware. Most of the heavy work happens once, at the garbling stage, so the on-chain operation stays fast. There is no proving-infrastructure dependency and no new language to learn. The gcEVM is fully EVM-compatible, so Solidity developers build with the tools they already use. And it is carrying real weight. COTI’s GC mainnet launched in March 2025 and has processed over 125 million on-chain transactions. Bancor’s Arb Fast Lane encrypts execution thresholds to protect arbitrage strategies from front-running. VaccineLedger ran 10 million+ privacy-preserving supply-chain transactions in Bangladesh for under $5 in total cost. United Network shipped the first hardware wallet with COTI’s privacy built in. The Demand Is Documented. The Supply Is Thin. The institutions designing the next generation of financial infrastructure have already concluded they cannot operate without confidentiality. The BIS calls it a prerequisite. Central banks are writing it into formal requirement lists. Circle named payroll, treasury, trading, and customer transactions out loud. Meanwhile, the number of networks where a developer can deploy an arbitrary program that computes over encrypted state, in production, today, is short enough to say in one breath. COTI was built for exactly that gap. Confidentiality that is programmable, fast enough for production, compliant by design, and general-purpose by architecture. Not privacy as a switch you flip. Privacy as something you build with. That is what it means to be the programmable privacy layer for Web3. Privacy built in, not bolted on. Start building → https://docs.coti.io Stay COTI. About COTI: COTI is the programmable privacy layer for Web3. Built for enterprises, builders, and agents. Powered by high-performance Garbled Circuits and enterprise-grade COTI Nightfall (ZK), COTI enables encrypted computation on any public blockchain. Fast, low-cost, and compliant privacy across DeFi, AI, and beyond. For COTI updates and to join the conversation, be sure to check out our channels: Website: https://coti.io/ X: https://twitter.com/COTInetwork YouTube: https://www.youtube.com/channel/UCl-2YzhaPnouvBtotKuM4DA Telegram: https://t.me/COTInetwork Discord: https://discord.gg/coti-foundation GitHub: https://github.com/coti-io Vibe Coders Telegram: https://t.me/+uuPNfRkKiQ03ZTcx
"The bigger the institution, the greater the need for privacy."
That's what COTI heard from a partner this week. The world's largest banks and financial institutions decided this year it’s officially time to build onchain. Privacy is non-negotiable.
COTI Treasury Migration Plan The COTI Treasury will go on pause on August 18th at 10:00am UTC. → Users will receive their tokens and rewards automatically once the Treasury is paused. → If you still hold COTI V1 in the Treasury, please follow the instructions to migrate.
Due to the rise in interest and activity around COTI, there’s been an unusually high number of scammers active in community channels. These scammers are posing as COTI community support and moderators. They’re sending unsolicited DMs, making spam Telegram calls, and posting in main channels offering “support.”
Important: The COTI team will never reach out to you first or randomly. → If you’re receiving spam calls in Telegram, go to Settings → Privacy and Security → Calls and set “Who can call me” to My Contacts. → It’s also a good idea to make sure your mobile number isn’t publicly visible on your Telegram account.
Please stay safe and stay vigilant. We encourage everyone to report scam accounts — it helps us get them banned faster.
Additionally, the team is actively working to continue processing and clearing transactions for both the Treasury and the Bridge. We appreciate your patience.
It’s Time to Migrate COTI V1 🌄 For the COTI V1 holders in the Treasury, please migrate now. Make sure to migrate before the Treasury goes on pause at 10:00 AM UTC.
For all other COTI V1 holders outside of Treasury, now is also a great time to migrate before its sunset. The process takes a few minutes. All you need is an ETH wallet address.
The crypto and blockchain landscape is evolving. COTI is evolving to meet this demand. TL;DR → COTI is going all-in to power enterprise and institutional privacy. → COTI Privacy-on-Demand on top chains, enterprise onboarding, and a multi-chain Privacy Portal. → Enterprises and institutions are building on-chain at record pace. Meanwhile, the broader Web3 market is struggling. → COTI is making changes: COTI Earn pauses at the end of the current season, Nodes development pauses, and the Treasury migrates to KuCoin-powered staking. → COTI tokenomics are a priority. Pausing and reducing rewards while generating real utility from privacy fees across the ecosystem. → COTI has the resources and runway to build through this market and beyond. The Enterprise Evolution Web3 is in a strange place right now. On the one hand, blockchain technology has never been more validated. On the other hand, the Web3 ecosystem is struggling. Aggregate trading volumes across major crypto assets have slumped to their weakest levels in two years. Users, engagement, liquidity, and traffic are down across the entire ecosystem, and capital has concentrated in Bitcoin and stablecoins instead of flowing outward. Simultaneously, the institutional and enterprise adoption, investment and development on blockchain rails is at an all-time high. Right now, every project in this industry faces the same choice: wait for the market to change or evolve with it. COTI is not only choosing to evolve, we’re choosing to capitalize on the current landscape. Our core-technology stack is uniquely well-suited to solve the missing key for this institutional and enterprise shift: scalable and compliant privacy. Going all-in to power enterprise and institutional privacy also comes with additional decisions we must make to consolidate our core focus and resources toward our core mission and goal. Here are our plans. The Institutions Are Not Waiting While retail liquidity thins out, enterprises and institutions are building on-chain at a pace this industry has never seen: Stablecoins have become real financial infrastructure. Stablecoin transfer volume hit $4.5 trillion in Q1 2026 alone, on top of $33 trillion in 2025, with total supply reaching a record $320 billion. Institutions are moving from pilots to production. JPMorgan, BlackRock, and Goldman Sachs are tokenizing stocks and Treasuries through a DTCC pilot. BlackRock’s BUIDL fund holds roughly $2.4 billion, alongside Franklin Templeton’s BENJI at $1 billion and Circle’s USYC at $2.7 billion. Trillions are in the process of being tokenized. On-chain real-world assets reached roughly $29 billion (excluding stablecoins) by the end of Q1 2026, up 263% from 2024. Tokenized U.S. Treasuries alone crossed $13.4 billion. The commitment is industry-wide. In a Broadridge survey of 200 North American financial executives, 84% said tokenization is a strategic priority, and nearly a third plan to increase their tokenization investment by 26 to 50% or more over the next two years. Here is what connects every one of those data points: the thousands of businesses, banks, and institutions building toward a tokenized future all need privacy. A bank cannot put client positions on a public ledger. An enterprise cannot expose its supply chain and payroll to competitors. Confidentiality is not a feature for these builders. It is the entry requirement. This is the massive global demand COTI has spent years preparing for. So we are making the choice to focus our resources solely on meeting it. Going All-In on Enterprise Privacy Powering enterprise and institutional privacy has always been COTI’s goal. Now we are aligning everything behind it: Privacy-on-Demand: COTI is bringing our Garbled Circuits privacy protocol to leading L1s and L2s to meet the enterprise demand for privacy, giving any institution or builder the ability to integrate privacy with minimal development effort. This is why Privacy-on-Demand is a compounding growth catalyst. Every chain COTI integrates multiplies our reachable surface area, opening up thousands of enterprises and apps on partner L1s and L2s to GC-powered privacy transactions. Every privacy transaction on a PoD chain pays its fee in COTI tokens or is settled in COTI, so each new integration grows demand and utility for the token. Half of all Privacy-on-Demand fees are burned, permanently reducing supply as adoption grows. More chains means more usage. More usage means more fees, more burns, and a tighter supply. The growth compounds while the maximum supply stays fixed. Enterprise onboarding is the priority. We are onboarding enterprises and institutions as clients, supporting them in building privacy solutions on COTI Garbled Circuits and COTI Nightfall, our dual privacy stack for high-performance and enterprise-grade ZK confidentiality. COTI is actively working to onboard a top L1 as a key privacy partner, to be announced in the near future. The Privacy Portal becomes the on-ramp. Our flagship privacy app is going multi-chain, positioned as the front door to the entire privacy ecosystem. Our developer efforts and resources are consolidating behind this privacy-powered ecosystem. Full stop. What This Means for the COTI Ecosystem This refined focus requires trade-offs. Here are the changes we’re making across the ecosystem. COTI Earn COTI Earn will be placed on pause at the end of the current season. We heard the community’s concerns around token reward distribution and dilution, and those concerns factored directly into this decision. Pausing Earn also frees up meaningful resources for several large projects currently in development. To everyone who participated in COTI Earn: thank you. The program did what it was designed to do, and the community showed up for it season after season. COTI Nodes Nodes v2 launch is on pause for now. COTI Nodes was nearing development completion. But launching Nodes now would mean significant monthly reward distribution, and with it, token dilution in a market with limited liquidity. It would also entail significant development effort and ongoing engineering support for the Nodes ecosystem. COTI will continue to monitor the liquidity environment and determine the right time to consider launching Nodes, while putting the details up to a vote by the ecosystem. COTI Treasury The COTI Treasury is going on pause for the foreseeable future, and will be officially paused on August 18th at 10am UTC. The COTI team will assess the right time in the future to explore continuing development of Treasury V2. This allows COTI to double down on enterprise and institutional growth of the privacy protocol, centered on Privacy-on-Demand and the initiative to bring COTI privacy to leading chains. COTI has partnered with KuCoin to power staking of COTI V2, so the community can now earn 18% APR on staked COTI. This will also introduce COTI to KuCoin's 40 million users. Full migration instructions, deadlines, and staking options are covered in our dedicated Treasury update. >> COTI Treasury Update & Migration gCOTI With the evolution and changes outlined, the team is actively considering gCOTI’s future, and will offer additional updates once it’s clearly defined. The COTI Token Flywheel We are continuing to take important steps to improve the tokenomics and mechanics of the COTI token. → All reward initiatives will be paused for the time-being with one exception: COTI staking on KuCoin. → The COTI token will power private transactions and computation across the entire multi-chain ecosystem we are aggressively growing. → Fees for private transactions across the entire COTI & PoD ecosystem will ultimately settle in COTI tokens. → 50% of all Privacy-on-Demand and privacy bridge fees will be burned. → The more COTI grows across multiple chains and powers more private transactions, the utility grows with real usage, all while lowering supply. COTI’s refined focus helps direct all of our resources towards growing privacy which powers our COTI token flywheel. For more information on our recent COTI Tokenomics Upgrade, read our blog: COTI Tokenomics Update: Scaling Privacy & Strengthening Value Partners and ecosystem COTI will concentrate on our most active ecosystem builders and partnerships. We have announced many partnerships over the years. Our focus now is on the builders and collaborators actively working to enable real privacy use cases and applications. Built to Last, Committed to Transparency While the COTI Team knows this is a big transition, especially regarding our community resources, it’s positive for our future trajectory. In order to meet the enterprise and institutional demand we anticipate, it will require the full-focus of our time, team and resources. Rest assured, COTI is well-positioned, with enough resources to weather the current market conditions and secure its future for years to come. These decisions are being made to maximize the opportunity in front of us and expand the privacy ecosystem and onboard enterprises and institutions, all powered by the COTI token. The demand for institutional and enterprise privacy is skyrocketing, and COTI is meeting that demand with our privacy stack. COTI’s Garbled Circuits run up to 3,000x faster and 250x lighter than alternative privacy solutions, and together with COTI Nightfall, they form a battle-tested stack for secure, compliant, and scalable on-chain privacy. Our commitment is to the global adoption of that technology. A Commitment to Transparency COTI is committed to building in the open. The team will publish public updates and reports that track our traction and progress towards these initiatives. Of course, you can also look forward to regular updates and livestreams from Shahaf and the core team. Please know that COTI works to publish updates as soon as decisions are made or opportunities arise. At times, marketing coordination with partners takes time to build, plan, and organize. Those announcements are made publicly available when ready, and are never intended to keep you in the dark. This evolution is designed to point the COTI team at the highest-impact work: growing and building the privacy ecosystem for years to come. The demand for privacy is real, it is institutional, and it is here. COTI spent years building for this exact moment. Time to build. Privacy On. Stay COTI About COTI: COTI is the programmable privacy layer for Web3. Built for enterprises, builders, and agents. Powered by high-performance Garbled Circuits and enterprise-grade COTI Nightfall (ZK), COTI enables encrypted computation on any public blockchain. Fast, low-cost, and compliant privacy across DeFi, AI, and beyond. For COTI updates and to join the conversation, be sure to check out our channels: Website: https://coti.io/ X: https://twitter.com/COTInetwork YouTube: https://www.youtube.com/channel/UCl-2YzhaPnouvBtotKuM4DA Telegram: https://t.me/COTInetwork Discord: https://discord.gg/coti-foundation GitHub: https://github.com/coti-io Vibe Coders Telegram: https://t.me/+uuPNfRkKiQ03ZTcx
COTI Treasury Update & Migration COTI is going all-in on enterprise privacy. To focus our efforts, the COTI Treasury is being put on pause for the foreseeable future.
→ The migration window will run for 7-days, beginning August 11th and ending on August 18th at 10:00am UTC. → All Treasury tokens and rewards are available to withdraw without fees. → Users can withdraw now or wait until the pause goes into effect and your tokens and rewards will be auto-sent to your wallet. → If you still hold COTI V1 in the Treasury, you must act now and follow the instructions in the blog → COTI has partnered with KuCoin so the community can now stake COTI on KuCoin and earn 18% APR
Full details and instructions 👇 https://x.com/COTInetwork/status/2087258552721158605