Recently, COTI has seen a huge surge in price, soaring from around $0.093 on February 22nd to around $0.27 on the 26th, nearly tripling in just 4 days.
The reason for the surge is that COTI has introduced "Garbled Circuit" privacy technology, which is claimed to significantly increase the computing speed on the chain, achieving a speed 1000 times that of traditional encryption technology, while also improving the transparency of on-chain data processing, igniting investors' emotions.
The following introduces the COTI project and its latest technical solution.
What does COTI V2 mean for privacy protection technology? How does the MPC protocol work in the COTI project itself?
In the blockchain world, the balance between privacy and transparency is crucial. COTI, as a Web3 infrastructure development company, has rich experience in the research and application of Ethereum Layer 2 network technology. Compared to zero-knowledge proofs, the recently introduced Garbled Circuit technology is a more efficient privacy protection solution.
COTI positions itself as the first enterprise-level fintech platform, enabling organizations to build their own payment solutions and digitize any currency to save time and money. With the development of COTI V2, its breakthrough in blockchain privacy computing marks the arrival of a new era. By successfully designing and integrating the Multi-Party Computation (MPC) protocol, COTI V2 has not only achieved a huge technological leap but also set a new standard for protecting user privacy and data security.
The successful integration of the MPC protocol is one of the key milestones in the COTI V2 project. By allowing multiple parties to jointly perform calculations without revealing their private information, MPC technology has opened up a feasible solution for privacy-protected computing. This is particularly important in the current digital age, where privacy protection and data security have become global concerns.
In the COTI V2 project, the design and implementation of MPC endpoints reflect in-depth research and application of privacy protection technology. By integrating MPC endpoints into the extended EVM (Ethereum Virtual Machine), COTI V2 is able to maintain computational transparency and efficiency while ensuring the privacy and security of user data.
The combination of MPC endpoints and extended EVM in the COTI V2 project not only demonstrates technological innovation but also reflects a high regard for user privacy. This combination enhances the functionality of the Ethereum platform, enabling it to support a wider range of decentralized applications (DApps) and providing users with unprecedented privacy protection.
Through this innovative architecture, COTI V2 provides a solid foundation for developing complex and privacy-protected blockchain applications, opening up new application scenarios for Ethereum and similar blockchain platforms. This not only enhances the application potential of blockchain technology but also provides users with a more secure and private digital experience.
By delving into the working mechanism of MPC endpoints, we can better understand the advanced nature of COTI V2 in privacy-protected computing. The design of MPC endpoints aims to ensure the security and privacy protection of data during the computation process, safeguarding the confidentiality of user data through encrypted processing and secure computation operations when needed.
Through these technological innovations, COTI V2 not only drives the development of blockchain technology but also provides a more secure and reliable platform for users. With the successful integration and application of MPC endpoints, COTI V2 is leading the industry towards higher standards of privacy protection and data security.
1000x faster computing speed, enhanced security and stability: What are the performance advantages of Garbled Circuit technology?
As blockchain technology continues to evolve, privacy protection has become an increasingly important issue. In this context, COTI V2's cutting-edge Garbled Circuit technology presents significant performance advantages compared to other privacy-protected smart contract solutions. Through in-depth analysis, we can better understand the innovation of COTI V2 in the field of secure multi-party computation (MPC) and its advantages over other solutions.
Since its proposal, Garbled Circuit (GC) technology has garnered attention for its low latency and low storage requirements. Although traditionally overlooked in blockchain applications due to inefficient communication at the computation layer, recent technological breakthroughs have rendered this challenge obsolete, making Garbled Circuit a viable choice for blockchain privacy solutions. In particular, COTI V2 has significantly accelerated the computation time by reducing real-time round-trip communication, reducing latency by up to 100 times, thereby setting a new standard in privacy protection technology.
In terms of multi-party applications, COTI V2's Garbled Circuit supports multiple entities to conduct complex transactions without revealing their respective information, a feat that other solutions, such as ZK rollups, find difficult to achieve. While ZK rollups can protect information to a certain extent, they are inadequate in scenarios requiring multi-party collaboration. In contrast, COTI V2 can support a wider range of applications while maintaining privacy, providing a new solution path for confidential voting systems and privacy-focused DEX needs.
In terms of computational complexity, COTI V2's Garbled Circuit demonstrates lower computational requirements, achieving computing speeds up to 1000 times faster than solutions based on addition or fully homomorphic encryption (AHE/FHE). This is particularly important for client-side devices, as it means that user experience will not be affected even on low-power devices.
In terms of storage requirements, COTI V2 also demonstrates its superiority. Compared to the thousands of bytes of storage space required for each ciphertext in FHE solutions, COTI V2's Garbled Circuit requires only 32 bytes per ciphertext, significantly reducing storage requirements.
Furthermore, COTI V2 exhibits advantages in terms of redundancy and system resilience. Compared to solutions based on TEE, COTI V2 avoids the risk of single point of failure, providing users with higher security and stability.
Overall, COTI V2's Garbled Circuit technology demonstrates significant advantages in terms of latency, multi-party applications, computational complexity, storage requirements, and system resilience, setting a new standard for the development of blockchain privacy protection technology. With the release of the COTI V2 whitepaper, the industry looks forward to further discussion and application of this innovative technology.
Can the gCOTI reward mechanism enable the COTI project to rapidly expand its user base and achieve a massive increase in total market value?
In the cryptocurrency field, continuous innovation is key to growth and user attraction. COTI Treasury has taken an important step in this direction by introducing the gCOTI reward mechanism, providing users with a new way to increase value. This initiative not only enriches the reward system but also further solidifies COTI's position as a leading cryptocurrency project.
The latest update to COTI Treasury introduces gCOTI as an additional reward, aiming to reward users who choose to deposit funds into the $COTI Treasury. As the governance token of COTI Treasury, gCOTI not only plays a role in governance decisions but also significantly increases the basic annual percentage yield (APY) of user deposits, reaching up to 1600%. This innovative reward mechanism marks a solid step forward for COTI Treasury in increasing the value of user assets and strengthening the project's ecosystem.
In the COTI Treasury, the distribution process of gCOTI rewards is designed to be very transparent and user-friendly. Unlike traditional $COTI rewards that require users to actively claim, gCOTI rewards are automatically distributed to users' wallets every week, eliminating the need for a complex claiming process. Additionally, users can easily view the total amount of gCOTI rewards received so far and the upcoming reward amounts through tooltips on the Treasury page. This direct and automated reward distribution not only increases user convenience but also enhances the transparency of the entire reward system.
The COTI project further illustrates the potential increase in user benefits through gCOTI rewards with two hypothetical scenarios:
Scenario 1: Bob deposits 1,000 $COTI with a base APY of 5% without using gCOTI to boost APY. Every week, he can receive rewards of 0.48 $COTI and 0.96 gCOTI, demonstrating the ability to earn rewards even without additional investment.
Scenario 2: Jenny deposits 1,000 $COTI and uses 100 gCOTI to increase the APY to 23%, showing the possibility of significantly increasing returns through strategically increasing investments. She can receive additional rewards of 2.21 $COTI and 4.42 gCOTI every week.
These scenarios reveal how the gCOTI reward mechanism in COTI Treasury provides new opportunities for different types of users to grow their earnings. As COTI Treasury continues to develop, including the long-awaited $COTI ERC20 deposits, community members can expect more updates and improvements.
COTI's recent significant moves, but the success of building a secure and efficient privacy payment financial platform remains uncertain
Recently, COTI has demonstrated its commitment to strengthening the ecosystem and advancing privacy protection. By announcing the allocation of 400 million COTI tokens worth $25 million to support privacy-centric projects, COTI has not only deepened its investment in the future development of blockchain technology but also emphasized its focus on privacy protection. Additionally, COTI's technological transformation from a DAG-based architecture to Ethereum Layer 2 signifies its determination to pursue more efficient and scalable solutions aimed at optimizing user experience and reducing transaction costs.
The initial funding received by the Soda Labs team from the COTI Foundation, with its innovative work in the field of secure multi-party computation (MPC), has proven COTI's commitment to driving technological innovation and privacy protection. Furthermore, the progress made in the development of COTI V2, especially the successful design and integration of the Multi-Party Computation (MPC) protocol, indicates that the COTI ecosystem will become more robust and diverse.
Looking ahead, these steps taken by COTI not only solidify the foundation of its digital payment platform but also demonstrate its leadership at the forefront of blockchain technology innovation. By investing in privacy technology and adopting advanced Layer 2 solutions, COTI is working towards creating a more secure and efficient payment ecosystem for the digital economy. With further technological maturity and more project participation, COTI is poised to continue leading the way in the cryptocurrency and blockchain industry, driving industry development.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
