As a researcher with years of experience diving into the complex world of blockchain technology, I must say that COTI‘s recent breakthrough is nothing short of groundbreaking. Having worked extensively in the field of privacy and decentralized technologies, I can confidently say that this cross-chain privacy protocol could be a game-changer for businesses and developers alike.
In simple terms, COTI, a Web3 confidentiality foundation, recently launched a multi-chain privacy procedure. This innovation empowers businesses, decentralized applications (dApps), and developers on approximately 70 different blockchain platforms to demand privacy whenever they need it.
Reaching this milestone empowers developers to seamlessly incorporate COTI’s confidentiality elements into their current systems, making it possible for privacy protection to extend across both Ethereum Virtual Machine (EVM) and non-EVM platforms.
Utilizing Garbled Circuit technology, which was developed by Soda Labs, COTI’s system prioritizes scalability. This means that users have the flexibility to toggle their privacy settings on or off according to their specific needs.
After a successful demonstration and completion of its initial cross-chain transaction using Axelar, COTI intends to incorporate Axelar’s Amplifier technology to enhance privacy on all 71 networks they support.
Shahaf Bar Geffen, CEO of COTI, stated: “This development marks a crucial juncture for web3 privacy. At present, only COTI offers a privacy solution that can meet the performance demands of consumer applications. We’re thrilled that various chains and builder communities will now be able to leverage COTI’s privacy functionalities directly from their native platforms.
Public blockchain’s limited privacy has prevented certain companies from wholeheartedly embracing decentralized technologies because of the need to comply with regulations that prioritize data confidentiality.
COTI’s latest protocol is designed to tackle this issue by offering adjustable confidentiality features, thereby facilitating a wider embrace of the decentralized web (Web3) and Decentralized Finance (DeFi).
Read More
- SOL PREDICTION. SOL cryptocurrency
- USD PHP PREDICTION
- USD COP PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- TON PREDICTION. TON cryptocurrency
- Strongest Magic Types In Fairy Tail
- AAVE PREDICTION. AAVE cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- ENA PREDICTION. ENA cryptocurrency
- USD ZAR PREDICTION
2024-11-12 19:36