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COTI has introduced a rapid confidentiality network, enhancing technology by 3000 times!
Web3 confidentiality protocol COTI revealed the authorized introduction of its mainnet on March 26, together with a fresh layer-2 network created to supply on-demand confidentiality services for decentralized applications and institutional consumers.
After more than two years of investigation and expansion, COTI’s mainnet has turned into a considerable participant within the private blockchain infrastructure area.
COTI’s layer-2 network, co-created with Soda Labs, employs garbled circuits, an encryption technology, to realize private computing. In comparison to existing confidentiality solutions, this technology is 3000 times quicker and supports mainstream blockchain networks.
COTI CEO Shahaf Bar-Geffen stated: “The destiny of Web3 cannot be constructed only on transparency; it additionally demands rapid, flexible, and compliant confidentiality. With the introduction of the COTI mainnet, we are setting new standards for private Web3, supplying on-demand confidentiality across chains.”
## Resolving Confidentiality and Compliance Issues
COTI’s layer-2 network addresses a crucial impediment to adoption by companies and governments: the deficiency of compliant confidentiality infrastructure. As industries such as real-world assets and on-chain identities continue to grow, safeguarding delicate data and fulfilling regulatory requirements becomes progressively significant.
The platform has already been embraced by major ecosystem participants such as Bancor, Band Protocol, MyEtherWallet (MEW), and PriveX, with additional integrations to come. COTI is additionally performing a role in national CBDC initiatives, such as the digital shekel pilot project in collaboration with the Bank of Israel.
## Ecosystem Incentives and Upcoming Expansion
To encourage adoption, the COTI Foundation will airdrop 100 $COTI tokens to eligible users who add the fresh layer-2 network to MetaMask.
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The main network introduction comprises a web surfing application and connection, empowering individuals to effortlessly transition from COTI version 1 to version 2.
COTI’s unveiling signifies a transformation in the manner in which confidentiality is incorporated into the digital ledger. It alters confidentiality from a hindrance into a strategic edge and establishes the groundwork for a dependable and safe web3 framework.
