COTI is the world’s first blockchain protocol optimized for decentralized payments, designed for use by merchants, governments, decentralized payment networks, and stable coin issuers. COTI Pay, our first app, already boasts a network of 5,000 merchants and 80,000 users.
Most of today’s blockchain platforms are optimized for dApps and not for payments. They also don’t provide the infrastructure and the tools required for everyday transactional use. This in addition to possessing numerous challenges related to identity, trust, stability, scalability and high transaction costs, which deter the adoption of cryptocurrencies for mainstream use.
COTI utilizes a DAG (directed acyclic graph) ledger to address these shortcomings, providing extreme scalability to process tens of thousands of transactions per second, as well as price stability mechanisms and low costs. The beta version of the platform is due for release this month.
COTI's 30+ people team is built from highly experienced individuals, who previously held positions at IBM (former head of research), Ripple (former CRO), Blackrock (former CIO), Investec bank (former CEO), as well as cryptographers from Israeli elite army intelligence units.