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COTI defines itself as the first enterprise-level financial technology platform. According to the technical document published by COTI, institutions can use this financial technology platform to digitize any currency they want, thereby achieving significant savings for the company.
COTI is one of the first blockchain protocols initiated for decentralized payments worldwide and can be used by merchants, governments, payment applications, and stablecoin companies. COTI Pay is known as the first application of this ecosystem. The COTI Group entered the market in March 2017, but its staking platform was not available until January 1, 2020.
The COTI ecosystem aims to overcome the disadvantages such as delays, fees, and the risks associated with money transfers created by the traditional financial system. Using a DAG-based protocol, COTI provides fast, scalable, private, and cost-effective money transfers.
Having a DAG-based blockchain network, COTI utilizes a trust proof consensus algorithm, unlike other cryptocurrencies. Specifically, COTI’s GTS system, which forms the basis of this network, opens the door for payments.
The cryptocurrency of the COTI ecosystem is known as COTI Coin and was launched by Samuel Falkon and David Assaraf. Among the unique features that make COTI stand out is its versatility for multiple applications and purposes and the possibility for continuous use. The circulating supply of COTI is 669 million, while the project’s maximum supply is 2 billion. With a total market value of $141 million, COTI is ranked 170th. The COTI/USD pair has seen a 12% increase in the last 24 hours, raising its value to $0.21.
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