COTI, a Layer 2 solution focused on privacy, has launched monthly DeCC events aimed at uniting web3 projects exploring onchain privacy implementations.
First DeCC Event and Privacy Theme
The first DeCC event took place on July 22 as an X Spaces event in collaboration with Secret Network. The theme of the gathering was discussing the upcoming "Privacy Summer" and what it means for web3 users. The event attracted thousands of listeners, including representatives from Midnight Network and Ten Protocol.
Discussion on Privacy 1.0 and Privacy 2.0
Participants of the event discussed the differences between Privacy 1.0 and Privacy 2.0, focusing on the first wave of privacy protocols that were incompatible with mainstream adoption. The second wave emphasizes balancing the need for onchain privacy while allowing information disclosures for compliance. Guests included speakers from Secret Network, Midnight Network, and others.
Future of Privacy and COTI's Role in the Market
COTI CEO Shahaf Bar-Geffen highlighted the importance of privacy for supporting serious use-cases on public blockchains, stating that "Privacy 2.0 is not about secrecy; it's about identity, safety, and scalability." COTI plans to continue hosting monthly DeCC events to spotlight advancements being made in privacy solutions in the web3 space.
COTI aims to democratize access to privacy tools, intending to make privacy technology a foundation for future decentralized applications and protocols. The launch of DeCC events plays a crucial role in normalizing privacy within the blockchain space.
