Recently, the price of COTI has experienced a huge increase, from around US$0.093 on February 22 to around US$0.27 on the 26th, with the increase nearly tripling within 4 days.

The reason for the surge is that COTI has launched "garbled circuit" privacy technology, which is said to significantly increase the computing speed on the chain, reaching 1,000 times that of traditional encryption technology, and at the same time improves the transparency of data processing on the chain. This technology ignited investors' emotions.

The following will introduce the COTI project and its latest technical solutions.

What does COTI V2 mean for privacy protection technology? How does the MPC agreement affect the COTI project itself?

In the blockchain world, the balance of privacy and transparency is crucial. As a Web3 infrastructure development company, COTI has extensive experience in the research and development and application of Ethereum's second-layer network technology. Compared with zero-knowledge proof, the recently launched garbled circuit technology is a more efficient privacy protection solution.

COTI positions itself as the first enterprise-grade fintech platform, enabling organizations to build their own payment solutions and digitize any currency to save time and money. With the development of COTI V2, its breakthrough progress in the field of blockchain privacy computing marks the arrival of a new era. By successfully designing and integrating the multi-party computation (MPC) protocol, COTI V2 not only achieves a huge leap in technology, but also sets a new standard in protecting user privacy and data security.

The successful integration of the MPC protocol is one of the key milestones in the COTI V2 project. By allowing multiple participants to perform calculations together without revealing their private information, MPC technology opens a new window and provides a practical solution to privacy-preserving computing. This is particularly important in the current digital era, where privacy protection and data security have become global concerns.

In the COTI V2 project, the design and implementation of MPC endpoints reflect in-depth research and application of privacy protection technology. By integrating MPC endpoints into the extended EVM (Ethereum Virtual Machine), COTI V2 is able to ensure the privacy and security of user data while maintaining computational transparency and efficiency.

The combination of MPC endpoints and extended EVM in the COTI V2 project not only demonstrates technological innovation, but also reflects the high emphasis on user privacy. This combination enhances the capabilities of the Ethereum platform, enabling it to support a wider range of decentralized applications (DApps) while providing users with unprecedented privacy protections.

Through this innovative architecture, COTI V2 provides a solid foundation for developing complex and privacy-preserving blockchain applications, opening up new application scenarios for Ethereum and similar blockchain platforms. This not only enhances the application potential of blockchain technology, but also brings a more secure and private digital experience to users.

By deeply exploring the working mechanism of MPC endpoints, we can better understand the advancement of COTI V2 in privacy-preserving computing. MPC endpoints are designed to ensure data security and privacy protection during the computing process. By encrypting data and performing secure computing operations when needed, the confidentiality of user data is guaranteed.

Through these technological innovations, COTI V2 not only promotes the development of blockchain technology, but also provides users with a more secure and reliable platform. With the successful integration and application of MPC endpoints, COTI V2 is becoming a pioneer in blockchain privacy protection technology, leading the industry to progress toward higher standards of privacy protection and data security.

The calculation speed is 1000 times faster, and the security and stability are more outstanding: What are the other performance advantages of garbled circuit technology?

With the continuous development of blockchain technology, privacy protection has become an increasingly important issue. Against this background, COTI V2’s cutting-edge garbled circuit technology presents performance advantages that are significantly different from other privacy-preserving smart contract solutions. Through in-depth analysis, we can better understand the innovations of COTI V2 in the field of secure multi-party computation (MPC) and its advantages compared to other solutions.

Since its introduction, Garbled Circuits (GC) technology has attracted much attention due to its low latency and low storage requirements. Although traditionally ignored in blockchain applications due to inefficiencies in computational layer communication, recent technological breakthroughs have made this challenge disappear, making garbled circuits a viable option for blockchain privacy solutions for the first time. In particular, COTI V2 sets a new standard in privacy protection technology by significantly speeding up calculation times and reducing latency by up to 100 times by reducing real-time round-trip communications.

In terms of multi-party applications, COTI V2's garbled circuit supports multiple entities to conduct complex transactions without revealing their respective information, which is difficult to achieve with other solutions, such as ZK rollups. Although ZK rollups can protect one party's information to a certain extent, they are insufficient in scenarios that require multi-party collaboration. In contrast, COTI V2 can support a wider range of applications while maintaining privacy, providing a new solution to needs such as confidential voting systems and privacy DEX.

In terms of computational complexity, COTI V2's garbled circuit exhibits lower computational requirements and can be calculated up to 1,000 times faster than solutions based on addition or fully homomorphic encryption (AHE/FHE). This is particularly important on the client side, as it means the user experience is not compromised even on low-power devices.

In terms of storage requirements, COTI V2 also shows its superiority. Compared with the FHE scheme, which requires thousands of bytes of storage space for each ciphertext, COTI V2's garbled circuit only requires 32 bytes for each ciphertext, significantly reducing storage requirements.

In addition, COTI V2 also shows advantages in redundancy and system resiliency. Compared with TEE-based solutions, COTI V2 avoids the risk of single points of failure and provides users with higher security and stability.

Overall, COTI V2's garbled circuit technology shows significant advantages in multiple dimensions such as latency, multi-party applications, computational complexity, storage requirements, and system flexibility, setting a new benchmark for the development of blockchain privacy protection technology. standard. With the release of the COTI V2 white paper, we look forward to further discussion and application of this innovative technology inside and outside the industry.

Can the gCOTI reward mechanism enable the COTI project to quickly complete the fission of user scale and achieve a surge in total market value?

In the cryptocurrency space, continuous innovation is key to growth and attracting users. COTI Treasury has taken an important step in this regard and provides users with a new way to add value by introducing the gCOTI reward mechanism. This move not only enriches the reward system, but also further solidifies COTI’s position as a cutting-edge cryptocurrency project.

The latest update to COTI Treasury introduces gCOTI as an additional bonus, a strategy designed to reward users who choose to deposit their funds into $COTI Treasury. gCOTI, as the governance token of COTI Treasury, not only plays a role in governance decisions, but also significantly increases the basic annualized rate of return (APY) of user deposits, up to 1600%. This innovative reward mechanism marks a solid step taken by COTI Treasury in increasing the value of user assets and enhancing the project ecosystem.

In COTI Treasury, the distribution process of gCOTI rewards is designed to be very transparent and user-friendly. Unlike traditional $COTI rewards, which require users to actively claim them, gCOTI rewards are directly and automatically distributed to users' wallets every week, eliminating the need for a complicated claim process. In addition, users can easily view the total amount of gCOTI rewards earned so far, as well as the amount of rewards that will be distributed soon, through the tooltip on the Treasury page. This direct and automated reward distribution method not only increases user convenience, but also improves the transparency of the entire reward system.

The COTI project further elaborates on the potential of gCOTI rewards to increase user income through two hypothetical scenarios:

Scenario 1: Bob deposits 1,000 $COTI, the basic APY is 5%, and gCOTI is not used to increase the APY. Each week, he was rewarded with 0.48 $COTI and 0.96 gCOTI, demonstrating the benefits that can be achieved even without additional investment.

Scenario 2: Jenny deposits 1,000 $COTI and uses 100 gCOTI to increase the APY to 23%, showing the possibility of significantly increasing returns by strategically increasing investment. She earns an additional 2.21 $COTI and 4.42 gCOTI every week.

These scenarios reveal how COTI Treasury’s gCOTI reward mechanism provides new opportunities for different types of users to grow their earnings. Community members can expect more updates and improvements as COTI Treasury develops further, including the long-anticipated $COTI ERC20 deposit and more.

The COTI project has been making major moves recently, but it is still unclear whether it can build a safe and efficient private payment financial platform.

Recently, COTI has demonstrated its commitment to strengthening the ecosystem and advancing privacy protection. By announcing the allocation of 400 million COTI tokens worth $25 million to support privacy-focused projects, COTI not only deepens its investment in the future development of blockchain technology, but also emphasizes its emphasis on privacy protection. At the same time, COTI's technological transformation from a DAG-based architecture to Ethereum Layer 2 marks its determination to pursue more efficient and scalable solutions, aiming to optimize user experience and reduce transaction costs.

The Soda Labs team, one of the first to receive funding from the COTI Foundation, has demonstrated COTI's commitment to promoting technological innovation and privacy protection with its innovative work in the field of encrypted multi-party computation (MPC). In addition, the progress made in the development of COTI V2, especially the successful design and integration of the multi-party computation (MPC) protocol, bodes well for a more robust and diverse COTI ecosystem.

Looking ahead, these steps by COTI not only solidify the foundation of its digital payments platform, but also demonstrate its leadership at the forefront of blockchain technology innovation. By investing in privacy technology and adopting advanced Layer 2 solutions, COTI is building a more secure and efficient payments ecosystem for the digital economy. As the technology further matures and more projects become involved, COTI is expected to continue to play a leading role in the cryptocurrency and blockchain fields and promote industry development.