BCGAME - Free 5BTC Daily Bonus!In this article, we will discuss:
What is COTI?
COTI (means the currency of the Internet) aims to create a scalable decentralized payment network for global commerce. In its system, COTI has combined a trust mechanism, a multi-currency wallet, exchange encryption, and a decentralized mediation system.
Initially, the COTI cryptocurrency was issued in accordance with the ERC 20 standard. Today there is a COTI currency that serves as a medium of exchange. The use of coins on the COTI network is profitable due to low fees and high transaction speeds.
The COTI Cross Chain Bridge is an important milestone for the entire sphere of blockchain. It allows us to mark a major important step in implementing the concept of a fully interconnected Internet of values. COTI's Cross Chain Bridge provides seamless integration with almost any existing blockchain, with value-added support for proprietary ledger features such as scalability, stacking, management, and more. Therefore, the COTI Cross Chain Bridge connects its own mainnet to other mainnets. For example, the platform is now fully connected to the Ethereum blockchain and has the necessary resources and development plans to scale.
Furthermore, the COTI blockchain, called Cluster, is based on so-called directed acyclic graphics (DAG). The high throughput of DAG-based networks is based on simultaneous asynchronous transaction checking. In simple terms, this means that each committed transaction must include commits from two previous transactions at once, and this relationship is not always linear.
Where did COTI come from?
COTI was founded in early 2017. The COTI Protocol combines layers of infrastructure, services and applications to create a complete payment solution that is modular and fully customizable.
The project is carried out by experts from a wide variety of fields of work. There are experts with experience in math and information technology, economics and finance, including those who have worked for giants like IBM, HSBC and Credit Suisse. This project has 17 official advisors representing investment banks and venture funds. The most notable figure on this list is Greg Kidd, who has supported many successful projects, including Ripple Labs, Coinbase, Square and Twitter.
What are the advantages of COTI?
- Scalability
- COTI can process over 100.000 transactions per second.
- Simplicity
- COTI tools for users and merchants are flawless and extremely easy to use.
- Buyer-seller protection O
- COTI introduces the first dispute resolution system that protects users from errors, fraud and abuse by contractors.
- economic efficiency O
- COTI eliminates intermediates and eliminates the need for costly mining.
What are the disadvantages of COTI?
The youth of the project
You still have to prove your worth and maintain your success.
How to buy COTI on SimpleSwap?
- Choose the currency you want to exchange (eg BTC) from the first drop-down list. Enter the amount you would like to exchange.
- Select COTI from the second drop-down list. You will see the estimated amount you will receive after the exchange.
- Enter the recipient's address. COTI will be shipped to this address. Be careful and make sure you use the correct address.
- Check all the information you have entered. If everything is correct, click on the Exchange button.
- You will see the Bitcoin deposit address. You need to transfer the required amount of BTC to this address to initiate the exchange.
Now you have the basic information about COTI. We hope your cryptographic future is bright!
