- COTI’s Layer 2 provides high-speed confidential transactions for Web3 using Privacy-on-Demand.
- The mainnet combines with significant partners and diversifies into CBDC projects such as Israel’s Digital Shekel.
COTI has now successfully launched its Layer 2 mainnet, a massive advance in blockchain infrastructure in that it makes Privacy-on-Demand available to businesses and consumers. The technology has been designed to be completely interoperable with other blockchains. This interoperability addresses fundamental adoption challenges for corporations and institutions that desire to be private yet remain fast and compliant.
COTI’s Layer 2 mainnet, developed over a period of two years, employs sophisticated cryptographic algorithms to enable secure, fast, and regulatory-compliant transactions. It addresses one of the most significant challenges in blockchain uses privacy limitations. By overcoming this issue, COTI has become a leader in developing confidential Web3 solutions.
Garbled Circuits, a state-of-the-art cryptographic protocol that secures COTI’s Layer 2 network, was created in collaboration with Soda Labs. Garbled Circuits allow private computations without revealing underlying data, efficiently ensuring confidentiality. Compared to existing privacy solutions that may sacrifice speed, COTI’s solution is up to 3,000 times faster. It is the best option for businesses and institutions that require both speed and privacy.
With cross-interoperability with every prominent blockchain network, COTI offers real-time privacy solutions applicable in most sectors. In finance, AI, decentralized applications, or identity management, COTI’s privacy layer ensures secure transactions fully in compliance with the regulations.
Connecting Privacy and Compliance for Institutional Adoption
Among the principal deterrents for broad institutional implementation of blockchain technology is the lack of privacy options compliant with regulation. The majority of companies, especially those dealing with Real World Assets (RWAs), have been hesitant to exploit blockchain technology due to confidentiality concerns alongside compliance issues with information.
COTI Layer 2 network bridges the gap by balancing regulation with privacy. This way, enterprises can now protect sensitive identity information, intellectual property, and financial data without compromising compliance. Blockchain is better suited to the mass-market institution and businesses with this new technology. It allows them to gain access to decentralized networks without compromising security.
Scaling Web3 Privacy With Strategic Partnerships
The COTI mainnet release has already seen considerable adoption by top Web3 applications. Band Protocol, MyEtherWallet (MEW), Bancor, and PriveX are just some of the companies that are integrating COTI’s privacy layer, with the rest to follow shortly.
In addition to its Web3 platform, COTI is also working on central banking and government initiatives. COTI is currently working with Israel’s Digital Shekel pilot, proving the feasibility of its privacy technology for central bank digital currencies (CBDCs). With the rising interest in government-backed digital money, COTI’s role in the space is becoming increasingly significant. It will play a substantial role in creating the future of blockchain-based financial systems.
As part of its effort towards mass adoption of its Layer 2 network, the COTI Foundation is giving away 100 $COTI tokens. Tens of thousands of wallets will receive the tokens. Adopters of COTI’s Layer 2 network into MetaMask are qualified to receive their tokens in this launch campaign.
Further, the mainnet release comes with a fresh Explorer and Bridge, thus ensuring migration from COTI V1 to V2 is an easy process for the users. The tools make the migration process easier, providing a hassle-free upgrade for the existing users and an onboarding facility for new users to the COTI ecosystem.
With its privacy-focused high-speed architecture, COTI’s Layer 2 mainnet is the blockchain industry gold standard for confidentiality. By making privacy an integral part of its architecture instead of a constraint, COTI is unleashing new horizons in decentralized finance, artificial intelligence, and security. It is also driving advancements in identity management and digital assets.
With Web3 in the growth stage, privacy will be at the center stage when mass adoption occurs. COTI’s revolutionary Privacy-on-Demand technology ensures that businesses and consumers can utilize the power of blockchain without giving up compliance or security. It is backed by sound institutional capital, strategic partnerships, and sophisticated cryptographic advancements. With these strengths, COTI leads the charge for the shift into the next wave of private and scalable Web3 solutions.
