Digital currencies or cryptocurrencies have provided meaningful and convinient ways of fulfilling payments online from they day they were introduced. Digital or cryptocurrencies like Bitcoin and Etherium have gained widespread acceptance following their undeniable success in reducing the stress of online transactions.
The Blockchain technology on its job has been utilized in numerous applications such as stream attach management and other crucial sectors of the economy. It is hence astonishing that the Blockchain technology is likened to the suitability that trailed the initiation of the Internet. It is so overwhelming that the Blockchain technology is likened to the suitability that trailed the dawn of the Internet.
But to one's dismay, regardless of the giant potentialities the Blockchain technology provides and the manner in which transactions are conducted with the advantages cryptocurrencies offer, there are still some loop holes in the technology that need to be fixed to ensure adequate safety and trust in using the internet. Also there are countless number of cryptocurrencies sprouting up each and everyday but there and each serves a purpose yet all this cryptocurrencies are neglecting the unique purpose of serving a medium of payment around the 🌐 .
Each and every second transactions are been process on the blockchain and it's recorded that the etherium blockchain has been recording a countless number of transactions per every second since its introduction in the year 2015. Where is the problem, due to the countless number of transactions mounted on the blockchain the traansctions turn to deliver based on the higher transaction fees paid, say for etherium, the higher gas fee paid the faster your transaction delivers. In other words if you input less gas fees, your transactions turns to delay or never gets to deliver. This and many factors lead to the introduction of COTI because it is believed that in the years to unfold cryptocurrencies will be the integral part of our day to day lives.
COTI is a decentralized and trust-based online payment system that combines ease in transactions and promotes trust among users.
Before the innovation of COTI there has been minimal transactions on some parts of online service providers because of the high cost in transaction fees and also delay in delivery of transactions. This has led to reduction in trust among online investors.
There is a saying that goes, “there is no situation without a remedy”! Our remedy is COTI, COTI promises to give an efficiently decentralized online trust-based payment system. Making payments online has in no way been this trouble-free but now, digital currency users can effortlessly conduct online payments with the best security measures put in place by COTI. It's not for you to worry about finding a trusted partner; the COTI’s Trust Chain in Algorithm is in attendance to alleviate you.
COTI’s environment has amazing facial appearance such as conciliation System which settles disputes accordingly; guard Scoring Engine that lets you see a unadulterated user.
In addition, COTI ecosystem offers a COTI base protocol and native currency. COTI’s decentralized system secures comfortable payments through the following:
• Low to zero fees
• Security
• Reliability
• Decentralization
• Ease-of-use
Useful links related to COTI
Website- https://coti.io
Whitepaper- https://coti.io/files/COTI-overview-document.pdf
Twitter- https://twitter.com/COTInetwork
Telegram- https://t.me/COTInetwork
YouTube-
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