OVERVIEW:
The world has moved from stone age to computer era where everything is done online. People involve in both online and offline businesses, and all their transaction is mostly done online. The processes make business to be smooth and fast. But there are so many challenges facing online payment. Some platform lack the ability to help transact as quick as possible, while some can't accommodate large volume of users.
Online payment solutions in general, and cryptocurrencies in particular, lack the ability to scale in
volume and speed. Though many several blockchain-based technologies have been created to tackle the challenges posed by providing high transaction throughput while remaining inexpensive, but non has yield a good outcome as expected.
The most annoying part is lack of trust. Many of the platform don't deliver as the promise. A lot of cancellation do occur during transaction. All these do cause a setback in businesses and investors might loss their target.
But a platform called COTI is here to rescue us from all the challenges attributed to online payment issues.
For some years back now, blockchain technologies and cryptocurrencies have served as a mechanisms for managing a payment transactions such as bitcoin, ethereum and many others cryptocurrency
Blockchain technology has been utilised in many applications, ranging from supply chain management to decentralised health
records management Indeed, many have likened cryptocurrencies to the early internet, citing its
enormous potential to disrupt payment systems in the same way the internet disrupted information
accessibility
HOW DOES COTI WORK
COTI is the short form of (urrency Of The Internet); they aimed to solves online payment challenges by using an innovative base layer
protocol in the form of a directed acyclic graph-based ledger built from transactions connected
through time by harnessing trust-based algorithms.
COTI calculate trust scores using a unique machine-learning algorithm. Trust is
used in the Trust Chain Algorithm to validate and confirm transactions faster. Trust Chains grow as
new transactions attach to two prior transactions that have similar degrees of trust. This results in
an innovative consensus-based confirmation mechanism, in which every user is incentivised to have
a high level of trust while engaging in trust-building behaviour due to the benefits associated with
having a high level of trust i.e there will be faster confirmation times
WHY MUST YOU CHOSE COTI
COTI has a mechanisms called COTI’s Double Spend Prevention (DSP) Nodes,
that monitor, detect and defend against any possible attacks, ensuring network security; this shows all users are safe.
COTI also also has a novel protocols to address disputes that may arise when sending transactions.
For more enquiry, visit:
Facebook:: https://www.facebook.com/COTInetwork/
Twitter:: https://twitter.com/paywithCOTI
LinkedIn:: https://www.linkedin.com/company/coti-ltd/
Telegram:: https://t.me/COTInetwork
Whitepaper:: https://coti.io/files/COTI-technical-whitepaper.pdf
Publisher: Romanbank
