Confidential Layer 2 COTI has launched its testnet with a dozen ecosystem partners in place, including MyEtherWallet (MEW) and AnChain, supporting COTI’s scalable EVM network providing affordable privacy solutions for Web3.
Testnet Launch
The launch of COTI’s testnet enables developers to explore the network’s features and novel technology based on Garbled Circuits. Developed in collaboration with Soda Labs, COTI’s Garbled Circuits implementation allows parties to jointly compute functions over private inputs without revealing those inputs. COTI has published benchmarking results supporting its claim to be significantly faster and lighter than incumbent privacy solutions.
Ecosystem Support
COTI’s privacy chain has attracted partnerships from a broad spectrum of blockchain sectors, including projects in DeFi, AI, Security and Compliance, NFTs, and Real World Assets. The diverse ecosystem partners supporting COTI’s testnet and subsequent mainnet launch underscore the recognition of privacy as a critical component in the evolution of blockchain technology.
Features and Benefits
The testnet launch provides developers interested in building on the scalable L2 with a range of tools including a testnet explorer and faucet to fuel experiments with COTI’s technology. Testnet SDK support enables developers to seamlessly integrate COTI features into apps. The ability to process confidential transactions at scale and deliver affordable and secure MPC will unlock possibilities for blockchain applications that were previously unavailable or inaccessible due to cost limitations. Through pioneering new encryption capabilities, COTI will empower innovation in confidential DeFi, quantum-resistant privacy, confidential data sovereignty, and more.
COTI introduces the most advanced and compliant solution for data protection on the public blockchain, unlocking new use cases, including confidential transactions, Artificial Intelligence, DeFi, decentralized identification, and more.
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