Coti Announces Scalable Layer 2 Mainnet for Secure Web3 Transfer Operations
COTI's Layer 2 Mainnet Launch Revolutionises Blockchain Privacy
COTI, a privacy-focused blockchain platform, has launched its Layer 2 (L2) mainnet, marking a significant milestone in the blockchain industry. The new infrastructure, equipped with advanced cryptographic protocols, aims to redefine the landscape of secure blockchain transactions by addressing critical privacy and compliance concerns.
The mainnet, which is EVM-compatible, uses the innovative cryptographic protocol called Garbled Circuits. This protocol allows smart contracts to perform computations on encrypted data without revealing the underlying information, enabling confidential transactions and data protection on public blockchains while maintaining regulatory compliance.
COTI's L2 mainnet is a transformative solution, offering high-speed and secure data transfers. The privacy-on-demand service provided by COTI enables issuers of Real World Assets (RWA) to securely and compliantly transact while keeping sensitive information private. This service is part of COTI's contribution to institutional blockchain adoption, allowing RWA issuers to confidently enter the blockchain space with privacy solutions that are resource-efficient, flexible, electronically verifiable, and compliant with legal requirements.
The privacy technology addresses key challenges in the Web3 ecosystem by normalizing blockchain privacy, protecting proprietary data, and fostering trust among users and institutions. By offering faster and more scalable privacy solutions than traditional methods like Zero-Knowledge Proofs, COTI is positioned to drive a privacy renaissance in Web3, embedding privacy deeply into decentralized applications, wallets, DeFi protocols, and real-world asset tokenization.
To incentivize early adopters, COTI has announced a token airdrop of 100 $COTI tokens for eligible users who integrate COTI's L2 solution with MetaMask. Key ecosystem partners such as PriveX, MyEtherWallet, Band Protocol, and Carbon DeFi protocol by Bancor have shown interest in COTI's privacy layer and have begun integrating it into their operations.
The mainnet's launch introduces a new Explorer and Bridge feature, facilitating a smooth transition from COTI's first version to its upgraded L2 infrastructure. The L2 mainnet launch is set to further strengthen COTI's presence within the Web3 landscape, making blockchain applications more accessible to mainstream users and organizations.
By creating a transparent and regulated space for digital transactions, COTI's L2 mainnet could significantly accelerate the adoption of blockchain technologies across various industries. The platform's scalable privacy solutions and advanced cryptographic protocols could make blockchain applications more attractive to institutions dealing with Real World Assets (RWA).
COTI has demonstrated its potential in central bank digital currency (CBDC) projects, having contributed to the Digital Shekel pilot project in partnership with the Bank of Israel. This partnership underscores COTI's commitment to fostering the wider adoption of blockchain technologies in both private and public sectors.
In conclusion, COTI's Layer 2 mainnet launch and privacy-on-demand service are pivotal in advancing blockchain privacy, enabling Web3 projects to manage confidential data effectively, complying with regulations while fostering ecosystem growth and real-world adoption.
The innovative Layer 2 mainnet by COTI, built with advanced cryptographic protocols, is set to revolutionize both the business and finance sectors by offering secure, speedy, and compliant blockchain transactions. By integrating the privacy-on-demand service with MetaMask, companies dealing with Real World Assets (RWA) can now confidently enter and navigate the blockchain space, protecting sensitive data while adhering to regulatory requirements.
