COTI, short for “currency of the internet,” is a blockchain-based Directed Acyclic Graph (DAG) network. Its goal is to deliver a platform and payments service designed to tackle the obstacles that slow down wider blockchain adoption.

The platform enables companies and developers to design custom payment workflows and bring major currencies into digital form. It also offers merchant tools that cut out intermediaries to keep costs low, while supporting payments that are instant, straightforward, and easy to manage.

COTI serves as the platform’s native cryptocurrency. It comes in the form of an ERC20 or BEP2 token, and it also runs on the Trustchain network. Holders can move COTI between chains through the COTI bridge. Within the platform, the native COTI token is used to pay transaction fees and for other payments.

What are COTI’s key features and how does it work?

One of COTI network’s core components is the COTI bridge. It enables interoperability across major networks, letting COTI tokens be converted between different chains.

In addition, COTI features a distinctive infrastructure built around what it calls the Trustchain. The Trustchain is a proprietary consensus approach powered by machine learning. Claimed benefits include reduced transaction costs and faster processing, supported by a trust scores system that is applied to transactions.

The Trustchain is designed to work together with a multi-DAG data structure. DAGs are a distributed ledger technology that functions similarly to blockchains, but instead of chaining transactions in a straight sequence to previous blocks, transactions are connected directly to one another. Using both mechanisms together helps boost scalability and can support throughput of more than 100,000 transactions per second. 

Specifically, COTI’s “MultiDAG” setup lets more than one DAG run at the same time, each potentially serving specialized roles-such as stablecoins, company-issued tokens, and other use cases.

On the platform, the Proof-of-Trust (PoT) consensus algorithm is used. It blends the Trustchain Algorithm with Proof-of-Work. PoT doesn’t rely on mining; instead, it uses a “Trust Score” attributed to participants in the network. With DAG, the system is intended to deliver improved scalability with reduced fees, enhanced security, and minimal congestion.

What is noteworthy about COTI?

A standout element of COTI is COTI Pay. This is a payments service built to handle both crypto and fiat transactions, whether online or offline. COTI Pay can also support credit card payments and merchant-specific coins.

Where can you buy COTI?

COTI can be traded on the CEXs and DEXs listed here. The most widely used platforms with the highest liquidity are Binance, Huobi Global, and CoinBase Pro.

The COTI price depends on the exchange selected and wider market conditions. For the latest and historical market data, check the price charts on this page.