Review on COTI by Aman Arora
Best solution for making secure online and offline payments
Only issue that blockchain currently face is the price stability as blockchain technology is ever secured and time saving process.But due to network congestion and high mining fees and price volatility makes users to turn their way for substitutes which offers them high scalability, security, speed with low transaction cost and Price stability while sending and receiving payments.
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Coti relies on Trustchain which works on a multi-DAG (directed acyclic graph) data structure, which has the power to process over 100k Transactions per second.DAG is the best suitable substitute for infrastructure for payments due to its scalability and low transaction costs
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Coti has come up with a solution for cost effective payment system with faster speed than even Traditional payment system which involves third party intermediaries & banks.
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Coti is the online payment system that don't involve any intermediates and make secure payments without use of any mining or hardware involvement and that save users for paying extra mining fees in case of Network Congestion. This totally is a new and innovative way of making secure online payments & that is the feature of CoTi which promises to provide high Quality speed and lowest fees structure in the industry to make online payments.
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Easy to use payment Gateway makes it easy to use CoTi payment gateway on any shopping portal or at your own site or portal to receive secure payment without any delay which makes it easy to run online business with a secure payment Gateway.
Coti is one off solutions for making secure payments including cryptos and stable coins, credits cards and do it with secured way without even exposing your personal details to online hackers or without even sharing your privacy. Coti also pay you loyalty points & Cashback Rewards for making payments and issue virtual debit cards to make sure you use it anywhere without exposing your financial details.
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Pros
- Coti is reliable way of sending offline and online payments for crypto and fiat
- Receive payment almost instantly without transaction get stuck due to network congestion
Cons
- Coti is new to payment system and need some improvements to make it a permanent solution for most online portals and individual payments
