COTI COTI
1. Summary
- Price
-
$0.10 -4.6%
- Market Cap
- $173.80M (#327)
- Supply
- 1.72B / 2.00B
- Description
-
COTI or Currency of The Internet is a project that aims to build a decentralized as well as scalable payments network with the intention of facilitating efficient global commerce. Through combining the distributed ledger technologies with traditional payment solutions COTI actually aspires to set a next-generation decentralized payments solution wh...
COTI or Currency of The Internet is a project that aims to build a decentralized as well as scalable payments network with the intention of facilitating efficient global commerce. Through combining the distributed ledger technologies with traditional payment solutions COTI actually aspires to set a next-generation decentralized payments solution which is trust-driven, instant and most importantly cost-efficient.
This is why the COTI ecosystem was developed. It has four participants. These are the end-users, the node operators, the mediators as well as the merchants. The network itself is also designed in a way that the goal is to create a decentralized payment network that will integrate the benefits of both traditional payment systems as well as digital currencies.
The COTI Token Explained
COTI is the native cryptocurrency of the network that drives as well as fuels the interactions between the consumers, merchants, and mediators as well as the node operators. It is a medium of exchange, which means that it can be used when making or receiving payments in the COTI ecosystem.
Mediation stakes and payouts are also denominated in COTI coins. Merchants rolling reserve funds are also denominated in COTI coins and automatically can accumulate in the merchant’s account. All of the node operators are incentivized in COTI coins and are required to hold COTI whenever they validate node activity. All of the COTI’s network fees can also be paid through the usage of these COTI coins.
Features of COTI
In terms of features of COTI, you have the cluster. Its distributed ledger is based on a directed acyclic graph (DAG) which is known as the cluster. In DAG-based networks, every transaction has to validate two previous transactions in order to be confirmed. The cluster itself performs multiple types of nodes including full nodes, DSP or Double spend prevention nodes, and History nodes.
Then you have the trust scoring mechanism. Its trust scores are the key mechanism through which new as well as unconfirmed transactions select prior transactions to validate in order to reach the confirmation consensus. A participant’s trust score is determined by a general questionnaire and document verification. To incentivize users to gain this trust score, COTI is designed in a way that scores can be associated with the transaction fees. The higher score you have, the lower the transaction fees you will need to pay. Then you have the confirmation process, where each transaction needs to validate two previous transactions that are in the range of their trust score.
This is further built upon through the mediation system, where the mediators are taking responsibility if disputes arise in the network. They do not approve the transactions and only solve the disputes. They are required when a scenario occurs, such as billing errors, inadvertent transfers, unauthorized changes, undelivered goods or services, and non-conforming goods or services.
Founders of COTI (COTI)
Discussing the founders of COTI, it was founded by two people, specifically, Samuel Falkon and David Assaraf.
Samuel Falkon is the co-founder of COTI Group and works as the VP of business development within the COTI group. He also serves the role of chief revenue officer at Paywize and is the founder of Gil Scott Ltd.
When we discuss David Assaraf, who is the second co-founder of the COTI group, he also co-founded Frequants.
| Price | |
| 52W High price | $0.27 |
| 52W High date | 27th Feb 2024 (8 months ago) |
| All Time High (ATH) Date | 29th Sep 2021 (3 years ago) |
| ATH Price | $0.67 |
| % From ATH | -84.25% |
| All Time Low (ATL) Date | 7th Nov 2019 (5 years ago) |
| ATL Price | $0.005563420000 |
| % From ATL | 1792.4% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $23.20M |
| Total Supply | 2.00B |
| Max Supply | 2.00B |
| Circulating Supply | 1.72B |
COTI
How does COTI's (COTI) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-15.1%
COTI
3.0%
Similar Market Cap
60 Day Return
14.8%
COTI
2.4%
Similar Market Cap
1 Year Return
172.1%
COTI
71.6%
Similar Market Cap
We're monitoring 28 COTI GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All COTI Repos)
Commits vs. The Market
- Past 4 weeks: 17 commits vs. an average of 1
- Past 12 weeks: 27 commits vs. an average of 8
- Past year: 27 commits vs. an average of 113
Most Active Repos
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 1122 |
| Past week | 18 |
|---|---|
| Past 12 weeks | 21 |
| Past year | 89 |
| Past week | 4 |
|---|---|
| Past 12 weeks | 21 |
| Past year | 70 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 2 |
| Past year | 17 |
| Past week | 2 |
|---|---|
| Past 12 weeks | 2 |
| Past year | 16 |
| Past week | 4 |
|---|---|
| Past 12 weeks | 4 |
| Past year | 13 |
Top Developers 2024
In total, 106 developers have contributed to COTI over the past year. Who are the most active COTI developers, by commits, over the past year?
Related Projects
Developers working on COTI also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 10,968 |
|---|---|
| Active Reddit Users (past 24h) | 11 |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 18,134 |
| Twitter followers | 243,602 |
-
decrypt.co/289381/coti-ceo-privacy-is-a-building-block
-
decrypt.co/289381/coti-ceo-privacy-is-a-building-block
-
decrypt.co/289381/coti-ceo-privacy-is-a-building-block
-
decrypt.co/289381/coti-ceo-privacy-is-a-building-block
-
decrypt.co/289381/coti-ceo-privacy-is-a-building-block
-
decrypt.co/289381/coti-ceo-privacy-is-a-building-block
-
cryptobriefing.com/coti-l2-testnet-launch/
-
cryptobriefing.com/coti-l2-testnet-launch/
-
cryptobriefing.com/coti-l2-testnet-launch/
-
cryptobriefing.com/coti-l2-testnet-launch/
-
cryptobriefing.com/coti-l2-testnet-launch/
-
cryptobriefing.com/coti-l2-testnet-launch/
-
cryptopotato.com/coti-v2-underway-garbled-circuits-integration-and-privacy-breakthroughs-i...
-
cryptopotato.com/coti-v2-underway-garbled-circuits-integration-and-privacy-breakthroughs-i...
-
cryptopotato.com/coti-v2-underway-garbled-circuits-integration-and-privacy-breakthroughs-i...
-
cryptopotato.com/coti-v2-underway-garbled-circuits-integration-and-privacy-breakthroughs-i...
-
cryptopotato.com/coti-v2-underway-garbled-circuits-integration-and-privacy-breakthroughs-i...
-
cryptopotato.com/coti-v2-underway-garbled-circuits-integration-and-privacy-breakthroughs-i...
-
u.today/coti-v2-developer-network-kicked-off-details
-
u.today/coti-v2-developer-network-kicked-off-details
-
u.today/coti-v2-developer-network-kicked-off-details
-
u.today/coti-v2-developer-network-kicked-off-details
-
u.today/coti-v2-developer-network-kicked-off-details
-
u.today/coti-v2-developer-network-kicked-off-details
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://coti.io/ |
|---|---|
| Explorer | https://explorer.coti.io/ |
| @COTInetwork | |
| /r/cotinetwork |
What is the correct contract address for COTI?
| Ethereum | 0xddb3422497e61e13543bea06989c0789117555c5 |
|---|
Has COTI been audited for security?
No security audits found for this project.
Are you the owner of COTI? Edit it here
Subscribe for free
Investment alerts and insights directly in your inbox.
By continuing, you agree to the Stack Terms of Service and Privacy Policy.