What is COTI (COTI)?

COTI, which stands for Currency Of The Internet, is the token that powers the COTI blockchain protocol. This protocol is a layer-1 blockchain ecosystem that aims to develop a decentralized as well as a scalable payment network for businesses. It transforms traditional finance by empowering organizations to build their own payment solutions, digital currencies, or stablecoins. COTI is designed to use by governments, payment DApps, and stable coin issuers. Its payment service COTI Pay can process all types of payments, both online and offline, including crypto, stablecoins, credit cards, and even a merchant's native coin. COTI Blockchain operates on a unique consensus mechanism called Proof of Trust (PoT) to fast validate and confirm transactions. 2 billion is the maximum total supply of COTI tokens. It operates on three different mainnets: Trustchain, Ethereum, and BNB Chain.

How does COTI (COTI) work?

COTI aims to solve the challenges faced by both DeFi and CeFi systems. It uses an innovative base-layer protocol in the form of a directed acyclic graph (DAG) based ledger that connects transactions with time. It does so by using a trust-based algorithm where trust is based on the historical behavior data and objective information of the participants. The higher this Trust Score, the quicker their transactions get processed and the lower the fees they are charged. COTI uses a machine learning algorithm to calculate this trust and then uses this trust to validate and confirm transactions faster than other mechanisms.

The developed trust chain grows as the new transactions get attached to two priorly verified transactions with a similar degree of trust. If any disagreement arises among nodes that can cause double-spending, COTI uses an Arbitration Service that implements game theory to ensure a fair outcome in such cases.

This innovative approach of COTI to verify transactions significantly lowered its transaction costs and enabled up to 100,000 transactions per second. COTI does not require any mining so it operates with very low transaction fees.

COTI coin is the governance token of this whole COTI ecosystem. Since it operates in three different mainnets, it can establish interoperability between them. Adding to that, the COTI coin is used to pay for the services of the COTI ecosystem and DeFi staking in the COTI treasury.

How to Buy COTI (COTI) in India?

There are many platforms where you can invest and trade COTI crypto (COTI) in India.

One such platform is Flitpay. To buy COTI coins (COTI) in INR, you have to sign up for the relevant application, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, make sure you have correctly entered your bank details. Now, through the linked bank account, deposit the amount you want to buy COTI coins (COTI), and execute the COTI coins (COTI) purchase.

You can instantly convert your INR to COTI coins (COTI) and COTI coins (COTI) to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

What to Do After I Buy COTI (COTI)?

COTI coin (COTI) can be used to buy other cryptocurrencies after converting them to INR through crypto exchange platforms like FLITPAY. You can also hold COTI coins till they reach a high price and then can sell them through the FLITPAY OTC order facility. Users can earn significant profit from buying it at a lower price and selling it at a higher price.

Besides that, the COTI coin holders have many advantages in the COTI protocol. It can be used to pay for the services or staking in the COTI ecosystem.

Why Use COTI (COTI)?

COTI provides the 7 most necessary components of a perfect payment. These components are - scalability, simplicity, buyer-seller protection, cost-effectiveness, price stability as compared to other volatile currencies, speed, and security.

COTI can complete over 1,00,000 TPS as compared to 20 TPS in common blockchains. Its tools are extremely user-friendly and easy to use. Its first-ever dispute resolution system is called Arbitration Service to protect users from fraud and errors. Since its consensus mechanism does not involve mining, it considerably reduces the transaction cost and time. It claims to develop a price stability technology that would exaggerate its chances for mass adoption. Lastly, the distributed ledger technology of COTI enhances its security. 

FAQs

What is COTI (COTI)?
COTI coin is the native token of a layer-1 blockchain ecosystem COTI. It is a DAG-based digital asset that operates on three different mainnets. It was built for cost-effective simple everyday payments.

What is the COTI (COTI) price in India?
Check out the current INR price of COTI  crypto in India on Flitpay.

Which is the best platform to buy COTI (COTI) in India?
The best cryptocurrency app in India to buy COTI or your favorite cryptocurrencies is Flitpay. Flitpay supports instant UPI and bank deposits and bank withdrawals with a minimum deposit and withdrawal limit of INR 100.

What are the Benefits of COTI (COTI)?
COTI aims to solve the problems faced by both CeFi and DeFi organizations by establishing a secured, fast, and cost-effective mode of payment.

Is it safe to invest in COTI (COTI) in India?
Yes, investing and trading in COTI is Safe in India. Flitpay is one of India's most secure cryptocurrency exchanges to invest in COTI. It offers the most real-time prices and advanced investing features.

Is COTI (COTI) a Good Investment?
COTI was one of the best performing cryptocurrencies in 2021. It has the potential to perform well in the long run. But cryptocurrencies can be highly volatile at times hence one needs to be careful while making any investment decision.