COTI
Current price
$0.0110
−9.51%24h
LiveUpdated 21s ago
TodayCOTI drops 9.5%, trailing the market.
Scroll to zoom · drag to move · ← → to read pricesPinch to zoom · press and hold to read prices
View as table
| Time | Price |
|---|
Change by period
- 1 hour−1.52%
- 24 hours−9.51%
- 7 days−17.12%
- 30 days−34.15%
- 1 year−69.96%
COTI's move in context
Lagging the market today
−9.51% today against −3.24% for the market as a whole, a gap of 6.3 points. A gap this wide suggests something specific to COTI may be moving it, not just the market mood.
Part of a slide
−17.1% over 7 days and −34.1% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About COTI
Overview
COTI (Currency of the Internet) is a cutting-edge cryptocurrency designed to facilitate seamless digital payments. Its core mission is to provide a scalable and efficient payment platform that can be adopted by businesses and consumers alike. COTI aims to bridge the gap between traditional finance and blockchain technology, ensuring that users can transact quickly and securely. One of the distinguishing features of COTI is its unique Trustchain architecture, which allows for a high throughput of transactions while maintaining low fees and fast settlement times. The platform is built to handle the intricacies of real-world payment systems, making it suitable for various applications, including merchant solutions and loyalty programs.
Technical Features
COTI employs a unique consensus mechanism known as the Trustchain, which combines elements of both Directed Acyclic Graph (DAG) technology and the Proof of Trust algorithm. This ensures scalability by allowing the network to process multiple transactions simultaneously, without the need for centralized authorities. The security model of COTI relies on its trust scores, which evaluate users based on their transaction history, effectively minimizing the risk of fraudulent activities. The network architecture is designed for optimal performance, featuring a layer called the COTI Pay, which integrates various payment methods and currencies. Additionally, COTI uses smart contracts and offers a decentralized finance (DeFi) framework that enables developers to build applications on its platform.
Use Cases
COTI has numerous use cases, primarily focusing on the payments sector. It facilitates decentralized finance (DeFi) applications, allowing users to engage in activities such as lending, borrowing, and trading without the need for intermediaries. Moreover, COTI can be used for governance, enabling token holders to propose and vote on network upgrades and changes. The platform supports the creation and management of stablecoins, making it suitable for cross-border payments where stability and low fees are essential. COTI's capabilities extend to supporting Non-Fungible Tokens (NFTs) and enabling smart contract functionality, granting developers the tools they need to innovate within the crypto ecosystem.
Development Background
COTI was founded in 2017 to address the limitations of existing cryptocurrencies in the mainstream payment landscape. The team comprises seasoned professionals from various fields, including finance, blockchain engineering, and technology, resulting in a robust framework for development. Significant contributors to the project include co-founders Shahaf Bar-Geffen and Ayelet Noff. Since its inception, COTI has achieved several milestones, including various partnerships with payment providers and integration with prominent wallets, which solidified its position in the market.
Community and Ecosystem
The COTI ecosystem is thriving, supported by a vibrant community of developers, traders, and users. The platform has fostered partnerships with various organizations, enhancing its reach and usability. COTI has an active development community focused on expanding its functionalities through open-source contributions. The ecosystem includes a range of applications, from payment solutions for businesses to decentralized applications (dApps) built on its infrastructure. Furthermore, COTI is collaborating with various enterprises to increase adoption and user engagement across different sectors.
Future Potential
The future potential of COTI is promising, driven by its innovative technology and expanding use cases. With plans for enhancements in scalability and functionality, COTI is positioned to become a leader in digital payments and blockchain technology. The ongoing developments noted in its roadmap, such as the introduction of additional DeFi tools and integrations with third-party services, suggest that COTI will continue to grow its ecosystem. As more users and businesses recognize the advantages of using COTI for transactions, its impact on the cryptocurrency landscape is expected to increase significantly.
COTI market
- Position by market cap among the coins we track.
- #273
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $33.4M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.0108High $0.0123
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $0.6686
- Now 2% of itReached 29 Sept 2021 · Needs +5,956% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 3.03B COTI
- 62% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 4.91B COTI
- The most coins that can ever exist. Some coins have no limit.
COTI converter
1 COTI = $0.0110
