Hey All,
The Coti team had recently announced their participation in the Central Bank of Israel’s CBDC [Central Bank Digital Currency]project, alongside companies like PayPal and Fireblocks. This does not end here, we then have heard about many other partnerships announced such as of::
- COTI partnered with Lava Network to boost its RPC Capabilities
- Then we had seen the partnership announced with Xctuality to enhance privacy across their innovative ‘Phygital’ (physical + digital) ecosystem
- And finally the one with Porta to power confidential transactions on private smart wallets.
Incase you are interested to know more about these partnership and what it means for Coti then refer the blog post - COTI Roundup — July Highlights. Seeing all this happening still the main question to answer is as to why I am bullish on this token #coti and #gcoti and keep bragging about it. Ok I will get to it and in short its because of two reasons but before I get there it is imperative to understand what the coti project is solving or what it is all about. #COTI project has many things to offer and is trying to solve problems associated to traditional payment systems like:: Scalability, Transaction Speed, Cost Efficiency, Trust and Security, Usability, Smart Contracts and there is much more to it. I am coming to my two reasons of accumulating #coti and its governance token #gcoti but before have a look at my current stake and the APR[Annual Percentage Rate] that I am receiving which at the moment is above 49% and is continuously building up...
My main two reasons for building Coti & gCoti Stake
Reason1:: Coti & Garbled Circiuts
The introduction of Garbled Circuits on the Blockchain for the very first time. What is Garbled Circuits and why it matters is something to understand. I will not go into this topic in detailed but at a high level what it means is that with the technology of Garbled Circuits privacy on the blockchain can be achieved which is very important as blockchains are transparent and if we want CBDC adoption confidentially and privacy needs to be there and this problem is solved with Coti V2 where Garbled Circuits on blockchain is introduced. This all is built with a groundbreaking encryption technology that is fast, secure, and can run on any device.
COTI V2’s groundbreaking approach to enabling privacy to CBDCs paves the way for a more secure, and privacy-first digital financial world
Read this article - Garbled Circuits on the Blockchain for the Very First Time! to further enhance your knowledge on this topic. And the second is::
Reason2:: COTI V2 is a Privacy Centric Layer 2 on Ethereum
We all know Ethereum blockchain and its token ETH. Now all that what Coti team has achieved is going to be COTI V2 where the privacy will be brought into the Ethereum blockchain Layer 2. Incase you are not aware a layer 2 is a separate blockchain that extends Ethereum and inherits the security guarantees of Ethereum. The COTI technology coming to the Ethereum Blockchain is going to be huge; just imagine the privacy of data concern is being solved here by Garbled Circuits and all this is being solved in a manner by introducing protocols and standards that can be adopted by governments as well without any concerns.
Well these are my two main reasons to accumulate and #hodl #coti and #gcoti tokens. And finally just that you know the COTI V2: Privacy Network as a Layer 2 over Ethereum is coming sometime in Q4 of this fiscal year so expect some big bizarre for coti token to come and it could be before that as well - who knows.. Intrested then do yourself a favor to grab some coti and gcoti tokens now before they skyrocket and thank me later....& obviously DYOR...
Stay Coti... cheers
Coti - Why I am bullish on this token - Explained in simple language...
#coti #gcoti #payment #howto #transfer #crypto #cryptoofinternet #hodl #binance #bridge #currencyofinternet #garbled #privacyl2
Best Regards
Image Courtesy:: coti.pay, void, congecko, cryptoslate, medium
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've have an interest in BlockChain & Cryptos and have been investing in many emerging projects..