COTI COTI Price

What is COTI (COTI)?

COTI (Currency of the Internet) is a blockchain-based platform designed to facilitate fast, secure, and scalable transactions. It specializes in creating a decentralized payment network that enables businesses and users to transact efficiently. COTI utilizes a unique trust scoring algorithm to ensure user reliability and employs a Directed Acyclic Graph (DAG) structure, which allows for instant confirmations and zero transaction fees. As of 2024, COTI has expanded its ecosystem to include features like COTI Pay, a payment processing solution, and the COTI Treasury, which offers users the ability to earn interest on their crypto holdings.

Who are the Founders of COTI?

COTI was co-founded by a team of experienced entrepreneurs and blockchain experts, including Shahaf Bar-Geffen, who serves as the CEO. Bar-Geffen has a background in technology and finance, previously leading a successful tech company. Other key figures include Doron Rosenblum, the COO, and other team members with extensive experience in software development, cryptography, and business management. The collective expertise of the founding team has been instrumental in COTI's growth and development since its inception in 2017.

How does COTI Work?

COTI operates on a proprietary DAG-based architecture known as the Trustchain, which enables high transaction throughput and low latency. Unlike traditional blockchains, where transactions are grouped into blocks and added sequentially, COTI's Trustchain allows multiple transactions to be processed simultaneously. Each transaction is validated by a network of nodes, and a trust score algorithm ranks users based on their transaction history, enhancing security and reliability. COTI also incorporates a stablecoin, known as the COTI Dollar (COTI), which is pegged to fiat currencies to minimize volatility, making it suitable for everyday transactions.

Top Use Cases of COTI

COTI has several use cases that cater to various sectors:

• Payment Processing: COTI Pay allows merchants to accept payments in COTI and other cryptocurrencies, providing a seamless checkout experience.
• Decentralized Finance (DeFi): Users can stake their COTI to earn rewards or participate in liquidity pools, enhancing the DeFi ecosystem.
• Stablecoin Transactions: The COTI Dollar (COTI) is designed for everyday transactions and can be used for remittances, online purchases, and more.
• Loyalty Programs: Businesses can create their own loyalty programs using COTI, rewarding customers with tokens for their purchases.
• Governance: COTI holders can participate in governance decisions, influencing the development and direction of the platform.

How to Keep your COTI Safe?

Keeping your COTI safe involves several best practices:

• Use a Hardware Wallet: Store your COTI in a hardware wallet to protect it from online threats and hacks.
• Enable Two-Factor Authentication (2FA): Always enable 2FA on your COTI wallet and exchange accounts to add an extra layer of security.
• Keep Software Updated: Regularly update your wallet software and devices to protect against vulnerabilities.
• Be Wary of Phishing Attacks: Always verify the authenticity of websites and links before entering sensitive information.
• Backup Your Wallet: Regularly back up your wallet and store your seed phrases in a secure place, offline if possible.