COTI is a layer 1 blockchain that specializes in providing decentralized payment solutions.

Unlike traditional blockchains, COTI does not rely on Proof of Work or Proof of Stake. Instead, it utilizes a consensus algorithm called Proof of Trust, which combines a directed acyclic graph (DAG) data structure with PoW. This innovative approach enables COTI to achieve high throughput of up to 100,000 transactions per second while reducing transaction costs.

The platform's native token, COTI, operates on three mainnets and serves various purposes. It is used for paying transaction fees, can be staked to earn rewards in the Treasury, and can be utilized alongside other cryptocurrencies for payments through the COTI Visa debit card.

The COTI DAG, known as "the Cluster," functions as a distributed ledger that records transactions on the network. Unlike traditional blockchains that group transactions into blocks, the Cluster arranges transactions in a sequential manner. In order for a new transaction to be validated, the participating nodes must connect it to two previous transactions, establishing a link between them. This approach ensures the integrity and consistency of the transaction history within the COTI network.

COTICOTI

The first gCOTI voting over COTI's Treasury