Hard to believe COTI V2 was launched one year ago and just seems like much longer as so much has been squeezed in over the last 12 months. Announcement after announcement with various partnerships and new developments have been the constant theme which is reassuring COTI is going places.
For those that do not know COTI moved from a being DAG (Directed Acyclic Graph) known as the Trustchain crypto to an L2 token on Ethereum. The reasons behind this was privacy as COTI was a payment service provider and needed to offer far more. The clients COTI approached informed the team that crypto and blockchains were of no use for institution payments and adoption unless there was privacy which now aligns with compliance standards.
Most involved in crypto believe that transparency with transitions is what makes crypto so special yet this was what was holding back institutional adoption. COTI along with SODA Labs developed Garbled Circuits which allows two or multiple parties to transact whilst keeping their data private. Protecting ones data is part and parcel of your security that is so important in todays world and this is what Garbled Circuits offers. There are other crypto privacy options available but not on the same levels COTI offers with speed and scalability.
Here are some of the stats for the last 12 months and highlights how much is taking place.
110 million plus transactions processed on chain
80 plus partnerships in various eco systems which will keep on growing as the privacy tech can be adopted and integrated into any blockchain.
COTI V2 privacy tech is being used in DeFi, Healthcare, RWA, Gaming, Hardware Wallets, Payments and AI.
Privex a perpetual DEX on COTI has processed over $20 billion in trading volume. Bancor Carbon DeFi is seeing 60 000 monitored privacy encrypted transactions daily. These two projects did not go live from day one and these are impressive numbers for figures less than 12 months old.
During the last 12 months COTI V2 was involved with the European Central Bank helping with the development of the Digital Euro. The digital Euro is expected to launch somewhere around 2029. The Digital Euro is very big and expected to cover 500 Trillion Euro in transactions per annum. This is actually the second CBDC COTI has been involved with after the Digital Shekel. There is one other country COTI is helping with their CBDC and no announcements as yet.
The cost of using COTI is very cheap considering StaTwig’s Vaccine Ledger operating in Bangladesh processed 10 million transactions recording it's cold chain monitoring system at a cost of $5. This is unbelievably cheap and why blockchains are the future.
Just the other day Zoniqx joined COTI and they are a RWA company based in California. I have never heard of them in my life before.
The platform governs the full lifecycle of tokenized assets across multiple jurisdictions and chains, from issuance and compliance to governed distribution and settlement.
Are they big or small I have no idea, but what is important is things are continually happening and you don't need to know everything and rather being aware is what is important for now. I am no tech nerd and only here for the ride safeguarding my investment to do well and to grow with the project. Crypto projects should never be standing still and if they have stagnated then you need to dig deeper and see if your investment is safe or not. I have actually skipped loads of other projects out as this is not a promotion on COTI and more about staying informed letting others know what is happening.
I do expect big things of COTI when the market cycle turns green and from now until then will be continuing to accumulate COTI as fast as a desperate squirrel hiding and stock piling it's winter nuts.
