Review on COTI by Toprak Dere

Name: COTI
Item: COTI
Rating: 4

March 14, 2021

About COTI

Coti (COTI) describes itself as the first enterprise-grade financial technology platform. In the technical document published by COTI, it is stated that institutions can use the financial technology platform to digitize the currency they want, and with this, the company can save serious money.

COTI, one of the first blockchain protocols to be launched to make decentralized payments in the world, can be used by merchants, governments, payment applications and stablecoin companies. COTI Pay is known as the first application of this ecosystem.

In the COTI ecosystem, it is aimed to overcome the disadvantages created by the traditional financial system. These disadvantages include sending-based delays, fees, and risks. Using DAG-based protocol, COTI performs worldwide money transfers fast, scalable, confidential and cheap. 
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Pros

COTI Coin is an enterprise-grade payment platform.
What makes COTI unique is that the platform can be used for multiple applications and purposes and that COTI is used continuously.
Having a DAG-based blockchain network, COTI uses a proof-of-trust consensus algorithm compared to other cryptocurrencies. COTI's system called GTS in particular forms the foundations of this network and opens the door to payments.

Cons