Who Are COTI?
COTI is a blockchain-based payment platform that aims to make digital transactions faster, cheaper, and more efficient than traditional payment methods. The platform uses a combination of machine learning algorithms and blockchain technology to provide a unique payment solution that is both fast and reliable.
One of the key features of COTI is its use of the Trustchain, which is a unique blockchain that is designed specifically for payment processing. The Trustchain uses a directed acyclic graph (DAG) structure that allows for multiple transactions to be processed in parallel, making the payment process much faster than traditional blockchain-based systems. This is because traditional blockchains can only process one transaction at a time, leading to slower transaction times and higher fees.
COTI’s Features & Benefits
Another important feature of COTI is its use of machine learning algorithms to help prevent fraud and ensure the security of transactions. The platform uses a combination of supervised and unsupervised learning techniques to identify and prevent fraudulent transactions in real-time. This helps to reduce the risk of chargebacks and other types of fraud, making COTI a safer and more secure payment platform.
COTI also offers a range of other features and services, including a native wallet, an easy-to-use payment gateway, and a variety of developer tools that allow businesses and developers to integrate the platform into their existing systems. Additionally, the platform is highly scalable, making it suitable for businesses of all sizes, from small startups to large enterprises.
The COTI token is the native cryptocurrency of the COTI platform, and it is used to facilitate transactions and pay for fees on the platform. The token is also used to incentivise network participants, including validators and nodes, and to reward users for participating in the network. The COTI token is available for purchase on a variety of cryptocurrency exchanges, making it easy for users to acquire and use the token.
In Conclusion
COTI is a blockchain-based payment platform that offers a unique combination of fast transaction processing, machine learning-based fraud prevention, and a range of developer tools and services. With its innovative approach to payment processing and commitment to security and reliability, COTI has the potential to revolutionise the way that businesses and consumers make digital transactions.
Price & ATH
COTI had its all time high (ATH) back on 29th September 2021 and peaked at $0.668. It’s currently at around $0.08-09 depending on when you read this. As far as investments go it’s a pretty reliable one.
With DJED released last month and COTIs roadmap showing signs of a promising 2023-24 I would assume that it’ll break its previous ATH by a decent margin.