Test Net Nearly 540K Transactions Today
From what we know is the launch of the new COTI V2 privacy token is happening within Q1. The blockchain audit will be completed by the 24th so any time after the 25th - 31st March. COTI V2 becomes the latest Ethereum L2 token when it is launched and what it brings to Ethereum and all the other blockchains is privacy features which will also enhance security.
This launch is like no other I have seen due to the number of blockchains involved who need the privacy features. Think of just DeFi as this will prevent any front running bots scalping trades saving everyone money that they were losing unknowingly. Just on Ethereum DeFi this was a billion dollar industry being stole by the bots each year.
Though various bridging apps the COTI V2 privacy token will be used on my blockchains including LINK,SOL, ATOM, ADA and XRP to name a few. There are many others and what the privacy technology allows is the likes of XRP can now be used in the real world. This is why COTI V2 is such a big deal as the impact this will make is massive for all of crypto.
Up till now crypto and blockchains have been far too transparent which is good and bad for real use cases. This prevented banks and financial institutions from using crypto as the blockchain revealed far too much information that needs to be kept private. The transactions will be encrypted so the two or more parties involved c view this and is not for the public eye.
Other applications include medical reports and billing which hides personal information and is understandable no one wants this revealed to the world. The privacy technology was the missing link ad will now push crypto into the real world as a use case. This is what was holding crypto back and not necessarily each blockchains technology as it was missing the privacy features required.
I expect within a sort period of time most blockchains would have integrated COTI V2 privacy technology somewhere or somehow either directly or a third party integration. How many transactions will COTI V2 be involved with daily is hard to tell, but this will be in the many millions. This I would say is the biggest technology to hit crypto for what it offers and so few people understand what is about to happen. This is going to be part of the narrative this bull cycle and could lead it.
The screen shot above is from the COTI Test Net which has been live for a few months now and as you can see developers are now testing out their transactions. In the last 24 hours the numbers have risen to just under 550K transactions. The transaction numbers are slowly increasing the closer we are getting to the launch date.
The exciting part is knowing that all of these transactions will be charged a small percentage which will filter back into the COTI Treasury boosting the total APR being earned. The other plus is knowing you are involved or invested in a crypto that is offering something that is required by the other blockchains. This is looking more like an adoption of a crypto within crypto ad this is not something we have experienced before on this type of scale. Don't forget COTI is still only priced at only $0.063c each which is a little crazy when you know what is coming and our crypto idiots are discussing PEPE.