Review on COTI by francis fernandez
COTI a global, secure and scalable payments ecosystem
COTI is a global ecosystem of payment mechanisms that supports multiple forms of payment, under a secure and decentralized platform that guarantees the immutability of the transactions carried out in the chain.
The platform makes available to individuals and business organizations the possibility of designing their own monetary system and tokenizing their payment mechanisms in a secure way.
COTI represents a reliable option to replace traditional forms of payment and establish a global payment system, without government restrictions and without access discrimination of any kind.
The chain enables the development of a scalable, decentralized and secure operating ecosystem. It also provides an interface that is easy to access and with a high level of compatibility between chains and payment mechanisms.
Its infrastructure is capable of handling a large volume of transactions in less time, making it faster than other digital payment solutions and traditional payment mechanisms.
Another of the important characteristics of the network is its low energy consumption due to the fact that it does not incur high-cost mining and dispenses with the intervention of third parties in its operation. This implies that the chain is more profitable in relation to other blockchain solutions.
Security:
The platform supports its users to minimize the risk of malicious actions and reduce possible failures or errors.
Technology:
COTI is a platform that operates under a peer-to-peer (P2P) network; which translates into speed in transactions and money transfer services.
The COTI infrastructure uses a consensus protocol known as Trustchain that is based on machine learning.
Trustchain acts in sync with multiDAG to guarantee the scalability of the chains and therefore the execution of financial operations more quickly
Pros
- Allows you to use multiple forms of payment.
- Supports online and offline payments
- Supports payments in fiat currency and cryptocurrencies
- It is a secure network for payment processing
- It is a decentralized and open source payment system
Cons
- There are no disadvantages in its use.
