$0.0114

COTI is a fast and lightweight privacy layer built on Ethereum. It leverages the advanced cryptographic method known as Garbled Circuits and is secured by Ethereum, offering a highly effective and compliant approach to data protection on a public blockchain. This paves the way for the next generation of Web3 innovation, enabling a wide range of applications such as private transactions, AI, DeFi, and decentralized identity solutions.

COTI stands out with its advanced cryptographic framework based on garbled circuits and multiparty computation (MPC), setting a new benchmark for on-chain privacy as an EVM-compatible Layer 2. Compared to other techniques, garbled circuits are roughly 1000 times faster and cheaper in computation, 250 times better in latency, and 100 times lighter in storage. This framework boosts Ethereum's scalability and security while opening new possibilities for dApps through confidential transactions and data management. Additionally, COTI has a strong community of over 300k followers across social platforms, a broad network of business partners, and attractive grants and developer funding programs.

COTI prioritizes alignment with industry standards from the outset, avoiding proprietary or untested encryption schemes. It uses encryption methods already adopted by the world's most secure systems, including those used by governments and major banks. This includes standard symmetric-key schemes like AES-CTR for encryption and asymmetric-key schemes like RSA for key distribution. Garbled-circuit-based solutions allow efficient integration of these schemes within a circuit that can be securely evaluated in a distributed manner. To maintain security during execution, the network and users manage multiple keys as detailed in the whitepaper.

COTI is available for purchase on several major centralized exchanges, including Binance, Coinbase, KuCoin, and Kraken. Coinasity shows the live COTI price, averaged across major exchanges.