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Introduction to COTI and the Trustchain

Blog post from LogRocket

Post Details
Company
Date Published
Author
David Fagbuyiro
Word Count
2,593
Language
-
Hacker News Points
-
Summary

COTI, an acronym for Currency of the Internet, is a decentralized cryptocurrency ecosystem designed to enhance digital payment networks and stablecoins by addressing the limitations of traditional blockchain systems. Unlike conventional blockchains, COTI utilizes a unique Proof-of-Trust (PoT) algorithm that integrates a directed acyclic graph (DAG) data structure to validate transactions efficiently, reducing transaction costs and increasing throughput. The Trustchain, the backbone of COTI's system, employs machine-learning-based trust scores to cluster transactions, facilitating scalability and speed while maintaining security. COTI's innovative use of DAG allows for energy-efficient processing and improved scalability, making it suitable for markets requiring high throughput and reliability. Additional features include a stablecoin called the COTI dime, a comprehensive arbitration service, and compliance with know-your-customer (KYC) and anti-money-laundering regulations to enhance trust and usability. The system's unique structure and algorithms aim to provide a seamless and secure digital currency infrastructure that overcomes the challenges of volatility, regulatory compliance, and transaction efficiency in blockchain networks.