COTI (Currency of the Internet) is a layer 1 blockchain platform offering decentralized payment solutions for a secure, scalable, and instant payment system that supports fiat and crypto payments. It provides a digital fintech platform designed for merchants, governments, and stablecoin issuers, eliminating intermediaries and empowering organizations to build their private payment solutions using COTI's Trustchain protocol.

COTI aims to bridge the gap between traditional finance and the crypto world. It has introduced banking services and VISA debit cards, allowing a direct and transparent connection between fiat and cryptocurrencies, thus increasing adoption and use cases.

COTI has its native cryptocurrency called COTI, which plays a vital role in the network. COTI tokens are used for various purposes, including as a means of payment within the COTI ecosystem and for staking to earn rewards for transaction approval.

The COTI staking model allows users to stake their COTI tokens and earn rewards for participating in transaction approval. This staking model is designed as a competitor to DeFi income models and creates a natural hedge price between transactions denoted in traditional currencies and node operator fees.

The COTI network is optimized for creating decentralized payment networks and stable coins using a directed acyclic graph (DAG) protocol. Key features and components of the COTI project include:

MutliDAG Architecture

COTI is built on a Directed Acyclic Graph (DAG) network architecture rather than a traditional blockchain. The multi-DAG architecture allows running different tokens and smart contracts on their dedicated Clusters.

This enables the issuance, minting, and burning of stablecoins and other tokens on the COTI infrastructure while the network token is used for transaction fee payments. The multi-DAG approach sets COTI apart and positions it as a platform similar to Ethereum, offering other token projects a way to launch their tokens with different features and smart contracts.

Trustchain Protocol

COTI utilizes a decentralized ledger called Trustchain, designed to process over 100,000 transactions per second (TPS). Trustchain employs a unique consensus algorithm that combines elements of the proof-of-work (PoW) algorithm and a trust-based approach. The algorithm assigns trust scores to participants based on their historical behavior and objective information, enabling faster transaction validation and confirmation for trusted senders.

Dispute Resolution System

To safeguard against errors, fraud, and abuse, COTI provides a dispute resolution system for buyers and sellers. This system allows for resolving conflicts transparently and fairly, enhancing the overall trust and security of the payment network.

COTI Token

COTI serves as the native cryptocurrency of the network and plays a crucial role in its ecosystem. It is used as a means of payment within the COTI network and can also be staked to generate a steady income from transaction approval. Additionally, COTI is used to run the network infrastructure, and a network fee must be deposited or staked in COTI to participate in the network.

COTI was co-founded by Samuel Falkon and launched in June 2017. He designed COTI to meet the need for a secure, scalable, and instant payment system that supports fiat and crypto payments.

In 2023, COTI plans to continue gaining traction with more enterprises and issuing new enterprise tokens on its network. The platform also aims to push for the adoption of Djed, a unique over-collateralized stablecoin, towards becoming the dominant stablecoin on the Cardano network.

Additionally, COTI plans to introduce Treasury 2.0 with new and innovative features geared towards the growth of value captured. They also plan to revamp their protocol towards its next evolution, allowing COTI to be the Layer 1 chosen by developers to build dApps that meet regulation and compliance rules.

COTI has been actively developing and updating its technology stack, including MultiDAG 2.0, Bridge 2.0, and its CMD token standard, all operating under the 2.0 tech stack. These developments have positioned COTI as an enterprise-grade Layer 1 blockchain platform uniquely optimized to solve payment challenges.

There are several reasons why COTI (Currency of the Internet) might be considered a good investment:

Scalability and High Throughput of COTIs Infrastructure

COTI utilizes Directed Acyclic Graph (DAG) technology, allowing for greater network scalability and faster transaction processing. With the ability to handle 10,000 transactions per second, COTI's high throughput makes it suitable for frequent retail transactions, providing a smooth payment experience for users and merchants.

COTIs Proof-of-Trust (PoT) Consensus Mechanism

COTI employs its own Proof-of-Trust (PoT) consensus algorithm, which combines Trustchain and Proof-of-Work (PoW). This unique approach reduces transaction fees and increases throughput, providing a more efficient and reliable payment platform.

Trust Score Mechanism

The COTI network incorporates a Trust Score for each account based on its online activities and payment statistics. This Trust Score is widely used for efficient transaction processing and risk reduction. Users with higher Trust Scores experience faster transaction confirmations and lower fees, incentivizing them to maintain a trustworthy environment within the network.

COTIs Partnership with Cardano

COTI has collaborated with the Cardano Foundation, which adds credibility to the project and opens up possibilities for future developments and integration with the Cardano ecosystem. The partnership also includes the issuance of Cardano-powered stablecoin Djed by COTI, potentially attracting more attention and adoption.

Although we cannot offer a precise COTI crypto price prediction over any timeframe, you could monitor the following factors to understand the price action in this cryptocurrency:

Level of Adoption and Use Cases For COTIs Technology

Increased adoption of COTI's payment solutions and partnerships with merchants can drive demand for the COTI token as it becomes an essential part of the ecosystem. Real-world use cases and utility can lead to long-term price appreciation.

Level of On-chain Activity on the COTI Platform

The number of transactions and activity on the COTI network can affect its token price. Higher network activity indicates growing interest and platform usage, potentially increasing token demand.

Future Developments within COTI Ecosystem

COTI's technical advancements and updates can impact its price. Scalability, security, and network performance improvements can attract more users and investors, positively affecting the token's value.

Investor Sentiment Toward Cryptos

Market sentiment plays a crucial role in determining the price of any cryptocurrency, including COTI. Positive news, developments, or partnerships can lead to increased demand and higher prices, while negative news or sentiments can lead to a decline in price.

The native token of the COTI ecosystem, also known as COTI, operates on three separate main nets. It runs on the Trustchain network, functions as an ERC-20 token on the Ethereum network, and is available as a BEP-2 version on the Binance ecosystem.

The COTI coin serves as the main unit of account and means of payment for transaction fees and other tasks within the ecosystem. Holders of COTI tokens can also convert them between the different main nets using the COTI bridge, which enables interoperability across all mainnets.

You can also trade COTI cryptocurrency on the BYDFi Spot Market to make the most of changing market conditions and volatility. Buy or sell COTI against other tokens or hold it long-term if you believe in the future potential of the COTI project. Conduct thorough research and consider risk tolerance before investing in cryptocurrencies like COTI.

You can follow the steps outlined in the Staking 3.0 program provided to stake COTI on the COTI network. Here's how:

Register and Prepare for Staking

If you want to participate in the Staking 3.0 program, log into your COTI Pay wallet. Enter the COTI MainNet wallet address where you wish to receive your staking rewards. Choose the amount of COTI tokens you want to stake and click "submit".

Application Approval and Confirmation

After submitting your application, it will be reviewed for approval. Once your application is approved, you'll receive a confirmation email with instructions and the approved staking amount.

Staking COTI Tokens

With your application approved, the "Stake" option will be available in your COTI Pay wallet. Click the "Stake" button to confirm the staking deposit with COTI. Your staking deposit will be associated with a unique staking address generated specifically for you.

The Cardano Foundation is a celebrated investor in COTI, indicating a strategic partnership between the two projects. The collaboration with Cardano has resulted in the issuing of Djed, a Cardano-powered stablecoin, by COTI.

Other partners of the COTI project include Yepple, Axo, Binance Pay, Empowa, Cogito Protocol, Cardano Warriors, JaraNetwork, WingRiders, and Revolut.