At COTI we’ve not only built a digital currency, but an entire digital payment ecosystem. COTI’s DAG-based consensus model, Trust Scoring Engine, Mediation System, currency exchange and decentralised governance are all hallmarks to the functioning of the COTI network.Our payments network was designed to take over where traditional payment systems left off, namely with instantaneous transfers, low-to-zero fees and cost effective buyer-seller protections. This is a major advantage for consumers and merchants alike as compared to traditional banking, credit cards and P2P platforms.
STO/ICO Status
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Basics
| Platform | Trustchain |
|---|---|
| Type | ERC20 |
| Accepting | ETH, BTC |
| Circulating Supply | 42% |
| KYC | N/A |
| Restricted Areas | N/A |
| Homepage | Website URL |
| White Paper | View/Download |
About
Distributed ledger technology that outpaces current cryptocurrency standards In DAG-based systems like COTI, greater network usage leads to improved scalability. This creates a positive correlation between the number of network users and the rate at which transactions are confirmed.
We’ve also created an extra safety net in the form of a Trust Scoring Engine and Mediation System aimed to address trust issues between parties that do not know each other and may never transact again. Users are incentivised with low-to-zero fees, fast confirmation times and high Trust Scores as a reward for their honest, trustworthy conduct.
The protocol features a decentralized system that reaches consensus on disputes using crowdsourced mediators. Just as Bitcoin miners receive Bitcoin for their efforts, COTI’s mediators are rewarded with COTI’s native currency. Disputes are resolved in a fair, fast and cost-effective manner.
