COTI V2 changing private play on blockchain via encrypted circuit
The post COTI V2 changing private play on blockchain via encrypted circuit appeared on BitcoinEthereumNews.com.
COTI V2 is an absolute game changer with a private play on blockchain through encrypted circuits, bringing extra speed and less weight. Presently, the builder network Genesis is positioned live, with the company reaching out to developers to connect with their developer scheme. The network comes with private play upgradability for Ethereum. COTI V2 is a privacy-driven Ethereum layer 2 that utilizes exceptional encrypting technology and encrypted circuits. It can be operated on every device, initiating various player computations without leaking personal details. The prime function of COTI V2 mentioned in its whitepaper is to solve issues related to private play on blockchains. To that end, builders are provided the option of safeguarding privacy factors via encrypted circuits. In the case of COTI V2 Devnet, it creates a user-friendly and connectible EVM space (gcEVM) utilizing the conventional programming language Solidity. Moreover, the COTI V2 network allows builders to use privacy play via typescript and Python SDKs, coupled with EVM RPC, documentation, a faucet, an explorer, and a Hardhat. COTI has received a positive response from Civic, a supplier of identification toolkits meant for Web3. Over and above all that, the COTI Foundation intends to introduce a privacy-oriented growth fund, the ABC growth fund. Towards this, the foundation has set aside 400 million COTI tokens to offer real-time privacy services. Builders trying out the COTI V2 builder network will be exposed to certain use cases, which include confidential DeFi, confidential transactions related to payments, stablecoins and RWAs, on-chain data control, confidential AI and machine learning, and decentralized identity recognition. According to COTI CEO Shahaf Bar-Geffen, the COTI V2 builder and developer scheme is being presented to the masses, enabling builders to join COTI’s builder network. Source: https://www.cryptonewsz.com/coti-v2-changing-private-play-on-blockchain-via-encrypted-circuit/
Filed under: News - @ May 22, 2024 11:18 am