COTI DISRUPTS THE EXISTING PAYMENT SYSTEM
finance·@zenithace·
0.000 HBDCOTI DISRUPTS THE EXISTING PAYMENT SYSTEM
.jpg) Since the seventeenth century traditional money (coins, banknotes) have been utilized as a medium of trade or legitimate delicate with a specific end goal to encourage exchanges. As time passed as innovation and development sets in gradually there was a change in the outlook as most merchants moved from the conventional and physical method for exchanges and business to a further developed online trading medium which has been more productive and can benefit a more extensive populace around the globe. Subsequently there is paradigm shift from traditional cash to another type of legitimate tender to complement this new method on internet trade known as digital currency Digital currency are electronic cash that can likewise play out an indistinguishable function as traditional currencies just that they allow for fast transactions. Digital currency has been in existence since in the 1990s with E-gold as the first digital money. But most of these digital currencies are centralized which does not give users total control over the operation and security of their funds. The introduction of cryptocurrency powered by blockchain technology paved way for a whole new approach on decentralization of which users can now have control over the welfare of their funds without interference of a third party, and also the use of blockchain technology has also opened a gateway for online transactions to occur In a flash of light as it was discovered that blockchain has the transaction speed capability to process 1500 (or more) transactions per second, more faster than the old payment system like visa Mastercard, PayPal. This exactly what COTI is out to achieve, to create a whole new ecosystem for processing transactions and maintaining trust and transparency. WHAT COTI IS ALL ABOUT COTI stands for (currency of the internet), which was developed to serve as an upgrade for digital currency and to be able to meet up with the ever-increasing demands in online transactions. Blockchain is gaining grounds and adoption daily so is the number of users and is directly proportional to the amount of transactions going on in the blockchain network daily, there is a need to adjust the architecture of our protocol to be able to accommodate the high pressure on blockchain many projects have tried to proffer long lasting solution but all is to little success, COTI seems to have the best technology to tackle this issue. COTI solves the problem by harnessing trust based algorithm based on innovative layer protocol to calculate and validate transactions faster than previous payment systems. The trust chain is COTI’s unique consensus protocol with a blockless payment system that is based on directed acyclic graph, which is a finite directed graph with no directed cycles which provides buyer-seller protection all at a low-to-zero fee and utilizes users trust score to confirm transactions. BENEFIT OF COTI TO THE TRADER • Availability of Unambiguous peer to peer trading platform • Increase in cash flow and turnover rate • Fast payment processing • KYU/AML regulations to eliminate money laundering and theft TO THE CONSUMER • Instantaneous payment to fasten trades delivery • Secured personal data • Unambiguous peer to peer payments TOKEN DETAILS Token - COTI · Price - 1 COTI = 0.1 USD · Platform - Trustchain · Accepting - ETH, BTC · Hard cap - 30 000 000 USD · Country - Gibraltar · Whitelist/KYC - KYC & Whitelist TEAM INFORMATION I  CONCLUSION Details in the whitepaper indicates a clear cut operations and yardstick that COTI has put in place to maintain success, if COTI team can be diligent to follow it duly, I see COTI as a long term success with great influence. For more information visit: Website: https://coti.io Whitepaper: https://coti.io/en/files/COTI-technical-whitepaper.pdf Twitter: https://twitter.com/COTInetwork Telegram: https://t.me/COTInetwork LinkedIn: https://www.linkedin.com/company/25171228/ AlphaBounty: https://alpha.bounty0x.io/embed/host/COTI Author Information: Author bounty0x username: lynks