Ethereum

Strong

Bitcoin

COTI

Foundation

<a href="https://bitcoinworld.co.in/low-cap-altcoin-coti-surges-more-than-40-in-24-hours-amid-efforts-to-pivot-to-a-privacy-centric-ethereum-layer-2/" title="Low-Cap Altcoin, COTI, Surges More Than 40% in 24 Hours Amid Efforts To Pivot To A Privacy-Centric Ethereum Layer-2" rel="nofollow"></a>
A low-cap altcoin, COTI, is <a href="https://coinstats.app/coins/coti/">surging</a> 40% as it upgrades to a privacy-focused Ethereum (ETH) layer-2 (L2) blockchain. 
<figure id="attachment_65610" aria-describedby="caption-attachment-65610" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class=" wp-image-65610" src="https://bitcoinworld.co.in/wp-content/uploads/COTI-Price-Chart-483x300.png" alt="" width="599" height="372" srcset="https://bitcoinworld.co.in/wp-content/uploads/COTI-Price-Chart-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/COTI-Price-Chart.png 760w" sizes="(max-width: 599px) 100vw, 599px">
 <figcaption id="caption-attachment-65610" class="wp-caption-text">
 COTI Price Chart | Source: Coinstats
 </figcaption>
</figure> 
&nbsp; 
In a recent article, the development team behind the decentralized payments platform Coti (COTI) says that it has successfully upgraded the project to become a privacy-centric layer-2 (L2) for the second-largest digital asset by market cap. 
“Upgrading COTI to a privacy-centric L2 on Ethereum represents the most ambitious pivot the ecosystem has seen to date… 
After months of development, we are pleased to announce the achievement of a pivotal milestone: the successful design and integration of the Multi-Party Computation (MPC) protocol of COTI V2… 
Multi-Party Computation (MPC) is a revolutionary field in cryptography, where cryptographic protocols enable a group of parties to collaboratively perform a computation on their private inputs without disclosing them to each other. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/bitcoin-price-eyes-50000-target-amid-strong-etf-inflows/" aria-label="“Bitcoin Price Eyes $50,000 Target Amid Strong ETFs Inflows” (Edit)">Bitcoin Price Eyes $50,000 Target Amid Strong ETFs Inflows</a> 
This process is inherently designed to protect the confidentiality of each participant’s data throughout the computation phase.” 
News of the update sent COTI flying, as the crypto asset went from a price of $0.0597 on February 5th to a peak of $0.1067 on February 9th, a gain of over 78%.&nbsp; 
COTI has since stabilized and is trading for $0.0999 at time of writing, up about 40% during the last 24 hours. 
<a href="https://coti.io/">According</a> to COTI’s website, the protocol’s mainnet is slated to launch sometime during the fourth quarter of 2024. 
The upgrade was initially announced in December.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Introducing COTI V2: a Privacy-Centric Ethereum L2 
 In the biggest upgrade of our infrastructure to date, we're building an Ethereum L2 and using a new technology that’s 10x faster + lighter than ZK solutions. 
 Details on how to get involved at the end of the thread<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> [1/13] <a href="https://t.co/jqYYYKKsxD">pic.twitter.com/jqYYYKKsxD</a> 
 — COTI Foundation (@COTInetwork) <a href="https://twitter.com/COTInetwork/status/1734952364782616650?ref_src=twsrc%5Etfw">December 13, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
At the time, the COTI Foundation said that the update would be much faster and lighter compared to zero-knowledge (ZK) solutions, which prove knowledge about a specific piece of data without revealing the information. 
“In the biggest upgrade of our infrastructure to date, we’re building an Ethereum L2 and using a new technology that’s 10x faster + lighter than ZK solutions.” 
<blockquote>
 Disclaimer: The information provided is not trading nor financial advice. Bitcoinworld.co.in holds no liability for any trading or investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any trading or investment decisions.
</blockquote> 
&nbsp; 
#Binance #WRITE2EARN 
&nbsp; 
The post <a href="https://bitcoinworld.co.in/low-cap-altcoin-coti-surges-more-than-40-in-24-hours-amid-efforts-to-pivot-to-a-privacy-centric-ethereum-layer-2/">Low-Cap Altcoin, COTI, Surges More Than 40% in 24 Hours Amid Efforts To Pivot To A Privacy-Centric Ethereum Layer-2</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Low-Cap Altcoin, COTI, Surges More Than 40% in 24 Hours Amid Efforts To Pivot To A Privacy-Centric Ethereum Layer-2

ItsBitcoinWorld

Other articles published on Feb 11, 2024

CIPM President Forecasts Revolutionary HR Trends for 2024

Will The SHIB Price Rally By 10x Like In 2021? Here Are The Possibilities for Shiba Inu

Valkyrie CIO predicts negative trend in the Bitcoin ETF market

Are stablecoins a ticking time bomb for the Fed? Experts weigh in

$SPONGE Migration Complete – Will It Reach 10x, 100x Potential on Polygon?

Blockchain: Challenges and Benefits of Business Implementation

Join our free newsletter for daily crypto updates!