COTI is about to become COTI V2 which will see COTI as an L2 Ethereum token offering a privacy solution through it's encryption tech known as Garbled Circuits. We knew as a timeline it was going to launch in Q1 this year and now with this latest announcement the launch must be imminent.
Joining the EEA or Enterprise Ethereum Alliance is actually quite a big deal
due to who is actually part of it. Microsoft, JP Morgan Chase, Santander, Chainlink, Circle and ConsenSys just to name a few. Here is the full list below which I recognise a few already which COTI has already partnered up with. I would guess most of the members already know what COTI has developed and are already implementing it into their various projects.
What COTI V2 tech beings to the table is very big news and what makes the difference between just another crypto project with no real proven tech with regard to real world use cases. What COTI has will possibly allow other crypto projects to finally be taken more seriously in the real world.
I find it astonishing that no crypto project has really made any impact in the real world yet and the hope is we will finally start to see this happen. Everything up till now has been more about potential and nothing has really been proven. There are one or two crypto projects on the brink of going mainstream and COTI V2 is one of them.
When you look at a crypto you should be asking yourself what does tis offer besides being a token in a particular eco system and does it have any benefit besides that. In 99% of crypto the answer will be no and you have to then ask yourself does it have a future or will it be like so many other projects that have faded away.
Obviously we would like all our investments to do well and have something to offer the real world in a genuine use case because tat is where the real value lies. If a crypto cannot cross over and tap into every day life then it will have a limited value in comparison to those that offer far more use cases.
Joining the EEA is a pivotal step for COTI and offers a unique opportunity to exchange ideas and collaborate with some of the brightest minds in the Ethereum ecosystem. We’re eager to learn from others and contribute our expertise in return, with the shared purpose to bridge the gap between innovation and real-world adoption. Shahaf Bar-Geffen, CEO, COTI
Vitalik Buterin has recently urged developers to concentrate on a privacy solution with an emphasize on wallet technology. The other privacy offerings available are not scalable like COTI V2 has and why it is so important for all of crypto and not just those within the Ethereum eco system. There is enough room for every crypto to do well and this is not about what one has as these things need to be shared for adoption to happen.
This year should be a big year for crypto in general and not just because we will see the peak of the Bull cycle. There is so much happening behind the scenes and privacy is a major part of this. Institutions could not use the blockchains as they currently stood and having the privacy tech available will now bring them into the fold and will change an unusable product into a usable product. Banking is a prime example as they can now transact on the blockchain once this privacy tech is live.