1PM UTC Time 26th March
COTI announced that the launch of COTI V2 will happen tomorrow at 1pm UTC time tomorrow Wednesday 26th March. This has been a process taking two years involving research, development and innovation so this is a big deal for COTI and for the entire crypto family. You may think that is a pretty bold statement, but it is fact as this is now offering Ethereum and more than 70 other blockchains privacy on demand. This is a really big deal and much bigger than anything we have seen over the last few years.
For those who are not aware what COTI V2 offers it is an encrypted blockchain that offers the fastest lightest privacy solution available for Web 3. Originally this was designed for Ethereum only, but due to partnerships with other crypto companies there are bridges in place that will service 70 plus blockchains seamlessly.
COTI V2 is regarded as the missing link for crossover adoption for the real world to become more involved within crypto and to use the services that have been created. Having privacy available on hand this now unlocks trillions of value in real world assets and could easily be the trigger to make crypto do a 1000 x from here.
COTI V2 covers all areas where privacy is required like DeFi, Gaming, AI and Data management plus many other areas. The list is endless where this could be used which would include banking and medical so one has to think much bigger than just in crypto terms. The tech also crosses over into smart phone technology and that will become more obvious once the launch happens and see who the partners and what companies have been developing using this new technology.
COTI V2 is a privacy on demand technology so you personally would select what you would like encrypted. An example is you are busy compiling a trade on Solana and do not want bots to front run your trade which they do you would then at the push of a button add the privacy which would send your trade details via COTI and back to Solana and continuing on with the trade. The entire time you remain on Solana, but have also behind the scenes have been on COTI.
There are currently 40 teams developing their dapps for use offering privacy on demand and these will be on various blockchains with some being available to all. A developer can take their blockchain tech stack and just add the solution which changes nothing technically besides adding the privacy options and why it is so scalable.
JP Morgan recently announced for real world assets the number one obstacle is the lack of privacy and for this to become mainstream they have to have a privacy feature. They mentioned a $20 trillion market just waiting to go live which is roughly 8 x bigger than the entire crypto market cap currently. This is big news for all of crypto and I cannot stress how important this new technology is.
COTI is working with central banks and governments regarding CBDC which is good and bad I guess, but they have another announcement coming soon with regard to another country/bank besides Israel using COTI for their CBDC. This is under wraps and is not for COTI to announce.
The eco system should be a whole lot bigger in the next few months.
Bancor and Privex and the first two dex's running exchanges using COTI tech so this is going to be live from day one. COTI is part of the Ethereum council leading the privacy solutions and also is part of the Tokenized Africa Society which covers Middle East and Africa where COTI has been busy developing their infrastructure. This will help to scale real world assets in this region with the UAE heavily involved. The head of oil and gas for Saudi Arabia is involved ad has influence n the region. If one looks at Middle East and North Africa they can adopt the new infrastructure far quicker than Europe or USA and should be a very lucrative period for those leading the new way.
Tomorrow there will be a show at 2pm UTC time 1 our after the main net goes live where more will be revealed and for those tuning in there will also be some air drops of tokens that are launching on COTI V2. Here is the link below for those who are interested for tomorrow.