17th September is a big day for COTI
Next week Tuesday is Ignition day for COTI and has been labelled the birth of a new network. Tuesday will be the unveiling of the much anticipated Testnet along with the announcement of what partners are busy building their applications. From what we know thus far there are over 100 projects including some big names who wanted to be part of this. This will be interesting to see as according to COTI these "companies" blew them away as normally you would have to approach them first and not the other way around.
COTI is a project I have been following closely for well over 30 months now and the development that has taken place over that time is nothing short of miraculous. They are just far more from what they used to be and have continuously evolved creating technology that everyone will need being privacy.
Confidential and Privacy DeFi
Garbled circuits is what encrypts your data and offers protection at the same time. We know one of the new partners is Privex which is a DEX that will be offering privacy for DeFi. They will be offering services like stop loss which we know is found on CEX's. The MEV bots will be made redundant as the trade info part they use will now be encrypted leaving them in the dark unable to function.
Garbled Circuits opens up crypto and blockchain uses like it has never before been seen as businesses can now use the technology. Up till now the corporations have been holding back because where we see transparency as being great they do not. The reality is the blockchains offered no privacy and is the reason why the majority have been sitting on the side lines.
We all know data farming is one of the big new industries that seems to have popped up from nowhere lately and they will be on the back foot very soon. If we think about the personal information we readily hand out signing up via KYC or some other method the Garbled Circuits encryption that is about to come into play will protect all of us.
Normally when we see something new being launched we are not talking about 100 different projects all being developed at the same time so it will be fascinating to break these down by sector and to see who is doing what.
The COTI team have always been ahead of the curve by doing things differently and what sold me on the project. Unlike other crypto projects they were never selling their COTI to fund the developments and the team. Instead they developed their own AI trading system years ago and this is what has paid their expenses.
This is one investment besides Hive that I have seriously high hopes for and cannot wait until they become a L2 token on Ethereum sometime this quarter. Sticking and growing with a project is where the real profits are made waiting for the investors to come to your project which I am 100% positive they will.