COTI, a leading player in the Web3 sector, has unveiled its cross-chain privacy protocol following a successful proof of concept. The new service will offer 'privacy-on-demand' for a range of decentralized applications and enterprises.
COTI's New Privacy Protocol
The announcement of COTI's new protocol marks a significant milestone for Web3. For the first time, developers will be able to access COTI’s advanced privacy technology directly from their native chains, without altering their existing tech stack.
Technology and Applications
COTI’s privacy layer, developed in collaboration with Soda Labs and backed by Garbled Circuits, is designed to meet enterprise challenges by modulating privacy as needed. The successful completion of the first cross-chain transaction with Axelar opens new integration opportunities for privacy.
Prospects and Innovations
One of the major barriers to widespread blockchain adoption has been the lack of privacy on open public platforms. COTI's new protocol offers a balance between transparency and privacy, aiding businesses in meeting regulatory needs while adopting decentralized technologies.
The COTI Network delivers a cutting-edge data protection solution in Web3, paving the way for innovations in confidential transactions, artificial intelligence, and decentralized identification.
