COTI Launches Mainnet for Enhanced Web3 Privacy
On March 26,COTI,a Web3 privacy protocol,announced the launch of its mainnet. This new Layer 2 network offers Privacy-on-Demand for decentralized apps and institutions.
COTI spent over two years crafting this mainnet. It aims to become a leader in confidential blockchain infrastructure. The network uses Garbled Circuits, a method for private computing. This tech is up to 3,000 times faster than current privacy solutions. It works with top blockchains.
Shahaf Bar-Geffen, COTI’s CEO, highlighted the importance of privacy in Web3. He believes the future needs fast, flexible, and compliant privacy features. The Layer 2 solution, built with Soda Labs, ensures secure transactions. It supports major blockchains, making private transactions quicker and more efficient.
Privacy is crucial for Web3 growth. COTI’s solution helps enterprises and governments adopt blockchain. It protects data while meeting legal needs. The platform is gaining traction. It’s used by Bancor, Band Protocol, and MyEtherWallet. It also aids national digital currencies, like Israel’s Digital Shekel.
Why is this crucial? Many sectors need private, secure transactions. COTI’s tech meets these needs. It’s a game-changer for real-world assets and digital identities. The mainnet launch is a big step for Web3.It balances openness with confidentiality. Users can now enjoy private, fast transactions.
How does COTI achieve this? It uses Garbled Circuits, a complex but effective privacy tool. This tech speeds up transactions while keeping data safe.
To boost adoption, COTI is giving away 100 tokens to users who add the Layer 2 to MetaMask.The network also includes an explorer and bridge for easy migration. COTI’s mainnet launch is a significant move. It turns privacy from a hurdle into a strength, paving the way for a secure and scalable Web3 future.
