ecosystem: News of COTI (COTI) - July 2024 Price Update - 7.03% Breakout Crypto News and Analysis

Trade hard. Joy is coming

Explore the Core.

COTI V2 introduces a sophisticated cryptographic framework centered around garbled circuits and multiparty computation (MPC), offering a new standard for on-chain privacy as an EVM-compatible Layer 2. In terms of comparison to other techniques, garbled circuits are about 1000x faster and less expensive in terms of computation, 250X better in terms of latency and 100X lighter in storage. This framework not only enhances the Ethereum ecosystem’s scalability and security but also opens up new possibilities for decentralized applications (dApps) by enabling confidential transactions and data management.

Spot the Main Event:

CBDCs have been identified by COTI as a key use case for its privacy-centric upcoming infrastructure and we are thrilled to announce this milestone. The Bank of Israel has been exploring CBDCs since 2018 and will now explore with COTI the implementation and use of advanced functionalities and ways to build an ecosystem around its CBDC. As the only blockchain network selected to take part, COTI will bring its expertise to bear on design considerations. COTI’s privacy-focused L2 blockchain offers advanced features to hold and securely transact with CBDCs. COTI uses garbled circuits to bring unprecedented levels of privacy and confidentiality to its users. The technology has the potential to enhance CBDC as a secure means of payment, offering significantly lower running costs than other privacy technologies and can run on any device.

Explore the Core.

COTI V2 introduces a sophisticated cryptographic framework centered around garbled circuits and multiparty computation (MPC), offering a new standard for on-chain privacy as an EVM-compatible Layer 2. In terms of comparison to other techniques, garbled circuits are about 1000x faster and less expensive in terms of computation, 250X better in terms of latency and 100X lighter in storage. This framework not only enhances the Ethereum ecosystem’s scalability and security but also opens up new possibilities for decentralized applications (dApps) by enabling confidential transactions and data management.

A dedicated learner!

Explore the Core.

COTI is building a suite of products and services designed to create a decentralized payment ecosystem that is fast, secure, and cost-effective.

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