I was totally impressed when i studied the white paper of this amazing project "COTI"(currency of the internet) . when i read and got the key points and challenges facing blockchain, Ethereum and others i was deeply amazed. sincerely speaking, blockchain, etheruem,ripples, and others keeps growing with non stop, cryptocurrency keeps getting people daily, investors keeps trading, initially, bitcoin and ethereum was nit known this far, and the higer it goes, the tougher transaction becomes due to crowed and limited idea of controlling the market smoothly. Every trials had been made in order to control these issues ,so many promising tho suggestions came but failed. We face glitches daily bases. The worst of it is fraudulence, insecurity,high transaction fee, lack of settling dispute and others and these has resulted to bias and frustration in cryptocurrency. All thanks to COTI for this great innovation and initiative of bringing a way out.
WHAT COTI IS.
COTI(currency of the internet) as the name implies, its called the "non-generation cryptocurrency" that has the peoples heart. The intention and sole aim is to have proper transaction without fault or barrier.
COTI ACHIEVEMENTS
TRUST SCORES: The main function of trust scores are to determine transaction fee in COTI, Your transaction fee is based on your trust scores performance, and its gotten through combination of users account settings. This has to do with account documentation, the higher documentation the lower fee or zero fee, the lower documentation, the higher fee. This implies that, if your documentation is well updated, if your registration and details needed for security reasons, transparency identification are not gotten approprately, you will likely have higher fee when transacting. But if documented how it supposed to be, you will likely have low or zero transaction..this is awesome!!
DAG: This is based distributed ledger technologies that its sole purpose is to limit and overcome scability inherent in blockchain based payment network, what does it imply, DAG has to do with day to day transaction between machines/devices inorder to derive the cluster of transaction between merchant and consumers without dispute with this adoption, transaction can run smoothly without glitches or errors. these was achieved through employing a directed acyclic graph of transaction called " cluster".
CLUSTER STAMP: To avoid clusters from growing, COTI introduced cluster stamp which is stored in the transaction history and its performed automatically, it provides accurate details of supply of COTI tokens in the cluster stamp and would have same reading with token circulation too. Cluster stamp monitors transaction incase of dispute, fraudulence it can be tackled and resolved instantly without clearer vision.
To sum it all COTI centered at.
Limiting of high cost of transaction through implementation of TRUST SCORES and CLUSTER STAMP which verifies and determines the score of its user and monitor transaction rate which would limit fraudulence, and increase transparency and safe/fast transaction.
Resolving dispute and overcoming scability through building of DAG.
Some relevant links to look into
Website: https://coti.io/
White Paper: https://coti.io/files/COTI-technical-whitepaper.pdf
BitcoinTalk ANN: https://bitcointalk.org/index.php?topic=2934563
Facebook: https://www.facebook.com/COTInetwork
Twitter: https://twitter.com/COTInetwork
Medium: https://medium.com/COTInetwork
Telegram: https://t.me/COTInetwork
Reddit: https://www.reddit.com/r/cotinetwork/
Linkdin: https://www.linkedin.com/company/25171228/
Youtube:
Author bounty0x username: chikky08