COTIUSDT
COTI / TetherUS (BINANCE:COTIUSDT)
crypto Binance

COTI is a fintech platform built on its own directed acyclic graph (DAG) based blockchain infrastructure with a Proof of Trust consensus algorithm and aims to become the base layer upon which future decentralized solutions are built. COTI has a multiDAG structure that enables the combination of independent DAG clusters into the COTI network. The fintech platform supports cross-chain interoperability and enables enterprises to build their own payment networks and stable coins. At the core of COTI's infrastructure lies the Trustchain, a consensus algorithm based on machine learning. Trustchain is a Proof of Trust consensus algorithm that assigns each user on the network a Trustscore and combines it with standard Proof of Stake to reach global network consensus. The Proof of Trust consensus algorithm aims to incentivize good network behavior, achieve lower fees, higher payouts, and better quality of service. The Trustchain lies on a multi-DAG data structure, which works in tandem to drive up scalability. The aim is to process over 100,000 transactions per second (TPS), currently processing 10,000 TPS (as of October 2021). COTI aims to become the base layer upon which future decentralized solutions are built. The multi-DAG structure enables the combination of independent DAG clusters into the overall COTI network. This allows enterprises to issue their own tokens (such as stable coins) on the COTI network. Tokens issued are independent of their DAG cluster while retaining the ability to access all the features of the COTI network. The COTI network also includes an arbitration layer, an autonomous system that works as a decentralized third party to arbitrate disputes. Disputes are resolved by an arbitrator jury randomly picked from a large pool of trusted network participants. Arbitrators are incentivized to participate in the dispute resolution by receiving an arbitration fee once a dispute is finalized. The arbitration layer can also be connected to other blockchain networks and protocols. The COTI token is used to pay fees for all transactions on the network, regardless of the underlying transactional token or DAG cluster. COTI incentivizes participants in the network by allowing users to run Full Nodes, who will receive a percentage of every transaction processed by their node. In summary, COTI's DAG-based protocol combines infrastructure, services, and application layers to create a holistic payments solution that is modular and customizable. The overview of the technology stack is below: Infrastructure: nodes, DSP nodes, full nodes, and history nodes Services: KYC, interoperability, stability framework, and buyer-seller protections Application layers: wallet, debit card, POS support, externally developed payment application, and stable coins