Every crypto project in the market has a specific property that makes it stand out. Cryptocurrencies were created as a secure network that expands the current file-sharing technology in the crypto world.
Despite the volatility of the crypto market, many investors have become increasingly interested in digital assets due to their profitability. Nonetheless, one crypto project making waves in the market today is COTI.
If you are considering investing in COTI but are unsure about its fundamentals and price prediction in the future, then you are in the right place. This COTI price prediction guide will help you make the right investment decision.
Today’s COTI current price is $0.103340 with a 24-hour trading volume of $ 17,191,050. COTI has been up 8.57% in the last 24 hours. The current CoinMarketCap ranking is #184, with a live market capitalization of $108,314,971. It has a circulating supply of 1,048,141,495 COTI coins and a maximum supply of 2,000,000,000 COTI coins.
What Is COTI?
In the era of digitalization, fiat currencies have remained obsolete. Now, it is cheaper and easier to pay for goods and services than using banks, PayPal, Alipay, and the likes. COTI is a fully encompassing “finance on the blockchain” ecosystem built on DAG (Direct Acyclic Graph) technology. Not only that the platform has the DAG technology, but COTI Protocol also has a proof-of-trust consensus algorithm, multiDAG, GTS (Global Trust System), universal payment solution, and a payment gateway.
The platform was designed to meet the challenges of traditional finance. In addition, COTI describes itself as the first enterprise-grade fintech platform that empowers organizations to build their own payment solution and digitize any currency to save time and money.
The platform’s first utility application is COTI Pay, which enables consumers to pay merchants with ERC-20 tokens in exchange for merchandise offered on e-commerce sites.
How Does COTI Work?
Many blockchain technologies have tried tackling high transaction speeds, but no significant progress has been made. Another big issue in the crypto market is the lack of trust among parties involved in a crypto transaction, leading to unwanted chargebacks and cancellations. Again, merchants are categorized as either risky or less-risky due to their partnerships with many industries. These are what COTI aims to solve. The protocol offers seven essential elements for a perfect payment infrastructure:
scalabilitate
COTI processes more than 100,000 TPS, compared to 25,000 TPS in traditional payment systems and up to 20 TPS in standard blockchain protocols. This is due to its DAG technology, which allows faster transactions.
Simplitate
The lack of simplicity is one issue in the crypto space that has affected its mass adoption. COTI Protocol has user and merchant-facing tool which is easy to use.
Protecții cumpărător-vânzător
COTI has a dispute resolution system to protect users against fraud, errors, and counterparty abuse. COTI Protocol claims its resolution system is the first ever in the crypto space.
Eficiența costurilor
COTI reduces costs and energy consumption by removing intermediaries and costly mining.
Stabilitatea pretului
Another big problem that has also affected crypto adoption is price stability. COTI Protocol is creating price stability technology, which is essential for blockchain payments.
Securitate
A single point of failure is one of the main threats to a blockchain system. However, COTI’s distributed ledger aims to increase the platform’s security.
Instantaneitate
COTI aims at instant P2P transaction payments, which is what its underlying technology tries to solve. The platform’s technology makes remittances instant without any delay.
COTI’s base layer protocol, called acyclic graph-based ledger, helps solve these challenges. We know that Bitcoin, Ethereum, and others have an advantage because these were the first cryptocurrencies. Still, they have low transaction throughput. First movers such as Bitcoin work on a Proof-of-Work mechanism, making mining costs unbearable. Again, factors such as dispute resolution and price stability technology are almost nonexistent in the crypto space. This implies that such cryptocurrencies are difficult to manage, making mass adoption for users unachievable.
COTI (Currency of The Internet) is a new crypto protocol aiming to achieve high transaction throughput and lower transaction fees. As stated earlier, COTI uses the DAG technology — instead of the conventional blockchain. DAG-based cryptocurrencies have low transactional fees.
COTI also uses a new metric known as the Trust Score. This is assigned to every user on its protocol based on their historical behavior. The metric also manages the approval of users’ transactions within the ecosystem.
Who Are The Founders Of COTI?
Samuel Falkon and David Assaraf founded COTI Protocol to help create a secure, scalable, and instant payment system that would support fiat and crypto payments. It is essential to know that Falkon’s core occupation — before he co-founded COTI—was based on business dealings for on-based diagnostics devices for the European automotive industry. The COTI Group was launched in March 2017.
Ce face COTI unic?
Several things make COTI unique. The first is its platform, which allows organizations to create advanced fintech products to save time, data, and money. Its utility application – COTI Pay – can process any kind of transaction.
How To Buy COTI
It is essential to know that you buy COTI at any cryptocurrency exchange. However, these exchanges include Binance, BingX, Bybit, ZB.COM, and Bitget.
COTI Price History
COTI started trading in the crypto market in 2019 at $0.088. However, the coin traded steadily at that price range, hovering around $0.088 and $0.01 till March 28th, 2021, when it surged to $0.45. By September 2021, the coin reached an all-time high of $0.65, but COTI decreased to $0.37 by December 2021. The crypto market has been hit by the bears, which have affected almost every cryptocurrency. At the time of writing, COTI is trading at $0.103.
New Developments In The COTI Ecosystem
COTI recently announced it is about to have a hard fork and upgrade its DAG layer known as the MultiDAG 2.0. This activity will help shift the cryptocurrency from a single currency infrastructure to a multi-token layer.
COTI also announced its partnership with FinanceThrift, for its crypto-backed algorithmic stablecoin known as DJED. The partnership will integrate DJED into FinanceThrift’s suite of user-focused RealFi products.
Source: https://www.cryptopolitan.com/coti-price-prediction/