The COTI ecosystem was designed using innovative distributed ledger technology with the goal of providing a superior payment solution that outpaces current legacy card networks and cryptocurrency technologies.
The Cluster, COTI’s distributed ledger, is based on a directed acyclic graph (DAG) data structure consisting of transactions that propagate in a unidirectional pathway. While greater scale in blockchain-based networks leads to adverse effects on network usability, in DAG-based networks greater network usage leads to improved network scalability. As such, there is a positive correlation between the number of network users and the rate at which transactions are confirmed.
This makes the DAG ideally suited for COTI’s network base layer protocol, enabling it to achieve full decentralisation without compromising on COTI’s scalability, instantaneity and low-to-zero fees. Using COTI’s Trust Chain Algorithm, Trust Scores are the key mechanism by which new, unconfirmed transactions select prior transactions to validate in order to reach faster transaction confirmation consensus.
COTI’s native digital currency sits at the centre of the COTI network and fuels the interactions between consumers, merchants, mediators and node operators. COTI was purpose-built to overcome the barriers that have limited the widespread adoption of digital currencies in day-to-day payments.
Traditional payment systems like Visa and Mastercard experience numerous shortcomings – from high fees to low approval rates. They also fail to account for the underbanked population, which amounts to 2 billion people around the globe without access to financial services and banks.
On the other end of the spectrum, digital currencies like Bitcoin have faced severe network congestion, giving rise to scalability issues, higher fees and slower settlement times.
At COTI we’ve not only built a digital currency, but an entire digital payment ecosystem. COTI’s DAG-based consensus model, Trust Scoring Engine, Mediation System, currency exchange and decentralised governance are all hallmarks to the functioning of the COTI network.
Payments network was designed to take over where traditional payment systems left off, namely with instantaneous transfers, low-to-zero fees and cost effective buyer-seller protections. This is a major advantage for consumers and merchants alike as compared to traditional banking, credit cards and P2P platforms.
|Round||Token Price||Bonus||Min / Max Purchase||Soft Cap||Hard Cap|
Public sale —
15 Jun 00:00 UTC
01 Jul 00:00 UTC
|0.1 USD||No||-||Uncapped||30,000,000 USD|
Private sale —
06 Jun 09:00 UTC
06 Jun 09:01 UTC
|0.1 USD||No||Min 50000 USD||Uncapped||Uncapped|