What Is COTI Crypto? Why COTI Token Exploded 63% in Just 24 Hours
Whereas those who have searched for what is COTI crypto may be familiar with its payment network, it has since transformed into a privacy-first Ethereum Layer 2 network for confidential smart contracts and encrypted computations. What Is COTI Crypto?
COTI sets itself apart from other scaling solutions by allowing developers to build applications that process sensitive information off the blockchain via Garbled Circuits, a privacy technology.
Unlike most other Layer 2 networks, which focus on scalability, COTI crypto focuses on confidential computation. COTI protocol has both the security of Ethereum and an additional layer for privacy, allowing dApps to run encrypted logic on Ethereum ecosystem.
What Does COTI Stand For? COTI stands for the Currency Of The Internet, referring to the original intention of the project to create a digital payment infrastructure.
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