COTI's Mainnet Debuts, Ushering in a New Chapter for Web3 Privacy
In Brief
The launch of COTI's mainnet marks a pivotal moment as it addresses a vital shortcoming in Web3 infrastructure, providing Privacy-on-Demand features for enterprises and personal users alike.
Web3 privacy solution COTI COTI proudly announces the activation of its mainnet, designed as a scalable Layer 2 solution for secure and confidential transactions. This advancement is the culmination of over two years of intensive research and development, with COTI’s Layer 2 aiming to fill a substantial gap in Web3 infrastructure by offering Privacy-on-Demand functionality to businesses and end-users alike.
"The future of Web3 isn’t something we can build solely on transparency; it demands privacy that is swift, adaptable, and compliant,\" said Shahaf Bar-Geffen, COTI's CEO, in a formal statement. \"With the debut of COTI's Mainnet today, we are establishing a benchmark for private Web3 interactions, enabling Privacy-on-Demand across various blockchain networks. This isn't just an upgrade; it's the essential component that transforms blockchain into true digital infrastructure,\" he further elaborated.
COTI's rapid Layer 2 aims to empower Web3 applications to unlock their full potential. It utilizes a cutting-edge implementation of Garbled Circuits, created in partnership with Soda Labs. This innovative approach boasts speeds that can be up to 3,000 times faster than conventional methods, while also upholding Privacy-on-Demand capabilities across all leading blockchain platforms.
Moreover, COTI guarantees businesses can safeguard their sensitive data while individuals can leverage Web3 services without compromising their privacy. Its privacy technology additionally allows AI agents to operate as autonomous entities, fostering a secure and compliant access to decentralized applications across various blockchains. By facilitating innovation and building trust within the Web3 ecosystem, COTI is enhancing the overall user experience.
COTI Unveils Mainnet with Ecosystem Backing and Web3 Partnerships, Distributing COTI Tokens to Celebrate
COTI's Mainnet has officially been launched, supported with the backing of a diverse array of ecosystem partners. Well-known entities like Bancor with its Carbon DeFi platform, Band Protocol, MyEtherWallet (MEW), and PriveX are already implementing COTI's privacy layer, with additional integrations on the horizon.
Alongside working with leading Web3 partners, COTI is also extending its activities into government and Central Bank Digital Currency (CBDC) initiatives, including a pilot project for the Digital Shekel in collaboration with the Bank of Israel. An important announcement regarding further developments in these initiatives is expected soon.
To mark the launch of its Mainnet, the COTI Foundation plans to distribute 100 COTI tokens to numerous wallets. Users who integrate COTI's Layer 2 network with MetaMask will qualify to receive these tokens. The Mainnet launch will also feature the introduction of a new Explorer and Bridge, simplifying the transition for users moving from COTI Version 1 to Version 2.
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