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Bittime - COTI, a blockchain platform for enterprises, plans to become a privacy-focused second layer (layer 2) on Ethereum by 2024. Using an innovative technology called Garbling Circuits, COTI V2 can offer a faster, lighter, and more secure privacy solution. secure, which can be used for various applications such as wallets, exchanges, AI, governance and more.
Garbling Circuits is a cryptographic technique that allows two or more parties to perform calculations together without disclosing their sensitive information and data. This technique was first introduced in the 1980s and has become an important function in privacy-preserving technology.
The COTI Foundation has announced that they will allocate a whopping $25 million through their ecosystem fund, to support the development of privacy-focused initiatives. The first to receive this funding was Soda Labs, a company operating in the field of Multi-Party Computation (MPC), whose technology and partnership with COTI are an important part of COTI's infrastructure.
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Soda Labs will lead research efforts to expand practical applications for the garbling protocol and other MPC protocols, which will ensure a secure and scalable privacy network for COTI users.
This strategic partnership coincides with COTI's transition to Ethereum Layer 2, demonstrating its commitment to privacy. This combined effort aims to create an end-to-end application, ensuring confidential transactions for clients of all sizes while complying with regulatory requirements.
Ecosystem Growth Fund for Holistic Development
In addition to allocating funds to the garbling protocol, the COTI Foundation also launched the Ecosystem Growth Fund, which set aside 400 million COTI tokens, worth 25 million dollars, to support projects focused on increasing the growth and success of the COTI ecosystem. The fund includes developers, partners, and grant programs, driving a holistic growth strategy for the COTI V2 ecosystem.
COTI V2 is scheduled to be released on developer networks in the second quarter of 2024, and then rolled out on major networks. With a comprehensive approach to privacy, scalability, and ecosystem development, COTI positions itself as a leader in the Web3 space.
How to Buy COTI Tokens on Bittime
You can buy and sell COTI tokens in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappbeti. COTI is available on Bittime with COTI IDR pairing.
To be able to buy COTI/IDR tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of Bittime assets is IDR 10,000. After that, you can make COTI purchases in the application. Learn a more complete guide on how to buy COTI on Bittime
Monitor price chart movements of Coti (COTI), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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