COTI’s latest partnership with BIFROST is advancing interconnected blockchain solutions
For digital currencies to be widely adopted, there is an inherent need for interoperability between ledgers and currencies to eliminate friction. The recently developed COTI Cross Chain Bridge is a game-changer that enables COTI’s Trustchain to communicate directly with other MainNets, creating an interconnected value chain. Now, BIFROST will be able to harness this capability to build its own bridge and import COTI’s dispute resolution system and POS support into its platform.
BIFROST is a middleware platform that connects between dApps and third party protocols. Earlier this year, BIFROST released a pilot version of Ethereum and its TPS rose to 750, with gas fees dropping by 75%. BIFROST also recently demonstrated that they can combine Ethereum and other protocols using EVM (Ethereum Virtual Machines) for scalability to increase Ethereum’s TPS to 3,000 using Amazon Web Services (AWS).
“We’re looking forward to break ground on our new interoperability solution, and COTI is uniquely positioned to drive these efforts forward. BIFROST is proud to be among the projects that are working towards creating interconnected blockchain systems,” said Dohyun Pak, BIFROST’s CEO and co-founder.
Dohyun Pak, BIFROST’s CEO and co-founder
COTI CEO Shahaf Bar-Geffen added:
“We believe that as more blockchain-based protocols work together to create a unified internet of value, the chances of making digital currencies mass adopted will increase exponentially. We’re excited about the strides that the Korean market is taking towards this objective, and are pleased that BIFROST is at the fore of innovation.”
COTI CEO Shahaf Bar-Geffen
For further information, visit COTI and BIFROST. You can also join COTI Telegram group, and BIFROST official global community.