COTI’s price today is US$0.07353, with a 24-hour trading volume of $7.25 M. COTI is +0.00% in the last 24 hours.COTI has a circulating supply of 1.29 B COTI and a max supply of 2 B COTI.
COTI describes itself as a 'fully encompassing finance on the blockchain” ecosystem that is designed specifically to meet the challenges of traditional finance (fees, latency, global inclusion and risk) by introducing a new type of DAG-based base protocol and infrastructure that is scalable, fast, private, inclusive, low cost and is optimized for real-time payments. The ecosystem includes [a](https://www.youtube.com/watch?v=kSdRxqHDKe8) [DAG-based Blockchain](https://www.youtube.com/watch?v=kSdRxqHDKe8), [a](https://coti.io/files/COTI-technical-whitepaper.pdf) [Proof of Trust Consensus Algorithm](https://coti.io/files/COTI-technical-whitepaper.pdf), [a](https://medium.com/cotinetwork/coti-is-launching-multidag-a-protocol-to-issue-tokens-on-a-dag-infrastructure-5c6282e5c3d1) [multiDAG](https://medium.com/cotinetwork/coti-is-launching-multidag-a-protocol-to-issue-tokens-on-a-dag-infrastructure-5c6282e5c3d1), [a](https://medium.com/cotinetwork/introducing-cotis-global-trust-system-gts-an-advanced-layer-of-trust-for-any-blockchain-7e44587b8bda) [Global Trust System](https://medium.com/cotinetwork/introducing-cotis-global-trust-system-gts-an-advanced-layer-of-trust-for-any-blockchain-7e44587b8bda) (GTS), [a](https://medium.com/cotinetwork/coti-universal-payment-system-ups-8614e149ee76) [Universal Payment Solution](https://medium.com/cotinetwork/coti-universal-payment-system-ups-8614e149ee76) (UPS), [a](https://medium.com/cotinetwork/announcing-the-first-release-of-the-coti-payment-gateway-4a9f3e515b86) [Payment Gateway](https://medium.com/cotinetwork/announcing-the-first-release-of-the-coti-payment-gateway-4a9f3e515b86), as well as consumer (COTI Pay) and merchant (COTI Pay Business) applications.
Certainly! The information you provided revolves around COTI, a blockchain ecosystem designed to address the inefficiencies of traditional finance by leveraging Directed Acyclic Graph (DAG) technology. Here's a breakdown of the concepts mentioned:
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COTI's Price and Trading Volume: The current price of COTI is $0.07353 with a 24-hour trading volume of $7.25 million. This data showcases the current market valuation and liquidity of COTI in the cryptocurrency markets.
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Supply Metrics: COTI has a circulating supply of 1.29 billion tokens and a maximum supply of 2 billion tokens. Understanding the supply metrics is crucial for assessing factors like scarcity and potential inflationary pressures on the token's value.
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Description of COTI: COTI positions itself as an all-encompassing financial ecosystem built on blockchain technology. It aims to tackle issues prevalent in traditional finance, such as high fees, latency, global inclusion, and risks associated with transactions. COTI achieves this by introducing a DAG-based base protocol and infrastructure that's scalable, fast, private, inclusive, and cost-effective for real-time payments.
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Key Components of COTI's Ecosystem:
- DAG-based Blockchain: Utilizes Directed Acyclic Graph technology, which differs from traditional blockchain structures and aims for scalability and speed in transaction processing.
- Proof of Trust Consensus Algorithm: This consensus algorithm focuses on validating transactions based on trust rather than mining power or staking, aiming to create a more efficient and secure network.
- multiDAG Protocol: A protocol enabling token issuance on a DAG infrastructure, potentially enhancing flexibility and utility within the ecosystem.
- Global Trust System (GTS): An advanced layer of trust for any blockchain within the COTI ecosystem, likely enhancing security and reliability.
- Universal Payment Solution (UPS): An integrated payment system designed to facilitate transactions efficiently and securely within the COTI ecosystem.
- Payment Gateway: An infrastructure component enabling the integration of COTI's technology into various payment systems.
- Consumer (COTI Pay) and Merchant (COTI Pay Business) Applications: Applications catering to both end-users and businesses, likely providing interfaces for utilizing COTI's services for transactions.
Understanding these components gives insight into how COTI aims to revolutionize financial operations through its blockchain-based ecosystem, offering speed, security, and inclusivity in financial transactions.
