What is Coti (COTI)?
COTI (Currency Of The Internet) is a foundational Blockchain.
According to the definition from the Coti (COTI) dev team:
Coti (COTI) is a generation 3.0 foundational Blockchain. With a new consensus algorithm that allows the construction of dApps to create a payment network through DAG (Directed Acyclic Graph).
What problem does Coti (COTI) aim to solve?
Current payment networks do not adequately meet the needs of commercial services in recent times.
Cryptocurrencies widely used for payments today, such as BTC, are facing issues of first-generation Blockchains, including poor scalability, long transaction times, and high transaction fees,...
How does Coti (COTI) solve this problem?
The dev team has built the core layer structure of Coti (COTI) on Trustchain with a consensus mechanism based on Machine Learning. According to Coti, this helps reduce transaction costs and increase processing speed. It is particularly suitable for payments.
Trustchain is built on a Multi-DAG (Directed Acyclic Graph) data structure, increasing scalability with 100,000 tps. Coti's DAG-based protocol includes infrastructure, services, and application layers. This helps Coti provide a comprehensive payment solution in a modular and customizable way.
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