COTI Roadmap: A Look Into the Future of Blockchain Payments
COTI is a next-generation, enterprise-grade blockchain-based payments infrastructure that offers scalability, speed, and security to businesses worldwide. The company has a clear vision of its future growth and development, which is outlined in its roadmap. In this article, we will highlight some of the key milestones on COTI's roadmap, including DJED, gCOTI, Treasury 2.0, cotipay Business, and COTI V2.
by COTI Channel
DJED, a stablecoin protocol that runs on the COTI blockchain, is one of the most exciting projects on COTI's roadmap. DJED is backed by a basket of cryptocurrencies, making it a stable and secure currency for use in the DeFi space. This project has enormous potential because stablecoins are becoming increasingly important in the world of DeFi, and the stablecoin market is expected to grow significantly in the coming years. DJED is designed to provide users with a decentralized and transparent stablecoin that is governed by a community of token holders. By offering stability, security, transparency, and accessibility, DJED aims to provide users with a reliable and secure store of value that can be used for transactions on the COTI network and beyond.
DJED boasts a distinctive mechanism of overcollateralization by a staggering 400%-800%, with on-chain proof of reserves, to ensure the preservation of its value in various market conditions. The currency is pegged to USD, with support from the base coin ADA, an independent asset, and backed by SHEN, the reserve coin. Should the reserve ratio dip below 400%, the platform will prevent the burning of SHEN and new DJED minting, as there is insufficient collateral in reserve. If the ratio exceeds 800%, users will not be able to mint additional SHEN; however, they can continue to mint and burn DJED. In all scenarios, DJED is redeemable.
Some of the key features of DJED include:
- Decentralized governance - DJED is governed by a decentralized community of token holders who vote on key decisions related to the stablecoin, such as changes to the peg or the addition of new collateral assets.
- Stability - DJED is pegged to the U.S. dollar, which means that its value is relatively stable compared to other cryptocurrencies. This makes it an attractive option for users who want to avoid the volatility associated with other digital currencies.
- Security - DJED uses advanced security features, such as multi-signature authentication and encryption, to ensure that transactions are secure and tamper-proof.
- Transparency - DJED is designed to be transparent, with regular audits and reports published to ensure that the stablecoin is fully backed by collateral assets.
- Accessibility - DJED can be used for transactions on the COTI network, as well as on other blockchain networks that support the ERC-20 standard.
Another project worth mentioning is gCOTI (global COTI), which is an ERC-20 token that will power the COTI ecosystem. The token will be used for COTI network transactions, as well as staking and governance. This will encourage users to participate in the COTI ecosystem while also providing a means for COTI to fund future development and growth.
gCOTI is the governance token of the Treasury. It is designed to provide users with a stable, secure, and easy-to-use digital currency that can be used for transactions on the COTI blockchain network. By offering stability, speed, security, accessibility, and interoperability, gCOTI aims to support the growth and adoption of the COTI network and its ecosystem of products and services.
gCOTI provides its holders with a unique privilege to propose features and vote on matters concerning the administration of the COTI Treasury, based on their gCOTI holdings. Furthermore, gCOTI holders can purchase $COTI before it is liquidated, at a reduced cost, directly from the Treasury. By depositing gCOTI alongside $COTI, the depositor can claim a larger portion of rewards distributed from the Treasury Reserve Fund. The gCOTI airdrop campaign is set to launch in the first week of April, allowing users to lock their $COTI for an extended period and receive gCOTI. Campaign participants will have the first opportunity to obtain gCOTI and leverage its benefits.
Some of the key features of gCOTI include:
- Speed - Transactions using gCOTI are processed instantly on the COTI network, which means that users can send and receive payments quickly and efficiently.
- Security - gCOTI uses advanced security features, such as multi-signature authentication and encryption, to ensure that transactions are secure and tamper-proof.
- Accessibility - gCOTI is designed to be user-friendly, with an intuitive interface that makes it easy for users to buy, sell, and use the stablecoin for transactions.
- Interoperability - gCOTI can be used for transactions on the COTI network, as well as on other blockchain networks that support the ERC-20 standard.
by COTI Channel
Treasury 2.0 is another significant project on COTI's agenda. The current treasury system will be upgraded, allowing the COTI network to allocate funds more efficiently and transparently. The new system will be more adaptable and customizable, allowing COTI to better manage its finances.
COTI debuted its Treasury system in 2022, and it was an instant success. This system combines the strengths of COTI's previous staking programs and the DeFi space to provide a highly efficient and adaptable system. Users can deposit any amount of $COTI and earn rewards for their efforts. COTI intends to improve and expand its Treasury program in order to benefit current participants as well as other network users and token holders. These enhancements will allow COTI to broaden the reach of its Treasury system.
COTI's Treasury 2.0 provides businesses and organizations with a comprehensive set of tools and features to manage their treasury operations more efficiently and effectively. It leverages the benefits of blockchain technology, such as decentralization, transparency, and immutability, to enable secure and efficient financial management.
COTI's Treasury 2.0 provides businesses with a modern and efficient treasury management system that leverages the benefits of blockchain technology. By enabling businesses to manage their treasury operations more effectively, COTI aims to support the growth and success of businesses on its platform.
The key features of COTI's Treasury 2.0 include:
- Automated financial management - COTI's Treasury 2.0 leverages smart contracts to automate financial management processes, such as cash management, liquidity forecasting, and investment management.
- Decentralized financial instruments - COTI's Treasury 2.0 allows businesses to issue and trade decentralized financial instruments, such as stablecoins, on the COTI blockchain. This enables businesses to manage their financial risks more effectively and efficiently.
- Instant settlement and low fees - COTI's Treasury 2.0 enables instant settlement of transactions on the blockchain, with low fees. This reduces transaction costs and enables businesses to optimize their cash flow.
COTI has recently published the Treasury 2.0 litepaper, outlining improvements that will take the Treasury to the next level in fulfilling its potential. The forthcoming Treasury 2.0 will further expand the use cases of the Treasury, including the ability to deposit new tokens, which will lead to an increase in the Total Value Locked (TVL).
by COTI Channel
[cotipay Business](COTI Roadmap: A Look Into the Future of Blockchain Payments) is a project that is designed to enable businesses to accept payments in cryptocurrencies. This will be a game-changer for businesses that want to expand their customer base and offer more payment options. cotipay Business will be easy to use and will integrate seamlessly with existing payment systems, making it a great option for businesses of all sizes.
Cotipay Business is a user-friendly payment gateway that leverages the benefits of blockchain technology to provide businesses with a fast, secure, and cost-effective way to accept digital payments. By enabling businesses to accept payments in multiple digital currencies and offering low transaction fees, Cotipay Business aims to support the growth and success of businesses on the COTI network.
Some of the key features of Cotipay Business include:
- Acceptance of multiple payment methods - Cotipay Business enables businesses to accept payments in multiple digital currencies, including COTI, Bitcoin, Ethereum, and other major cryptocurrencies.
- Instant payments - Cotipay Business processes payments instantly, enabling businesses to receive funds in their accounts without delay. This helps businesses to optimize their cash flow and reduce their exposure to payment-related risks.
- Low transaction fees - Cotipay Business offers low transaction fees compared to traditional payment processing solutions, making it an attractive option for businesses looking to reduce their payment processing costs.
- Advanced security features - Cotipay Business uses advanced security features, such as multi-signature authentication, to ensure that transactions are secure and tamper-proof.
- Integration with existing systems - Cotipay Business is designed to integrate seamlessly with existing business systems, such as e-commerce platforms, point-of-sale systems, and accounting software.
by COTI Channel
Finally, COTI V2 is an enhancement to the existing COTI protocol for cross-chain transactions. The new version will be faster, more secure, and more efficient, allowing users to easily transfer cryptocurrencies between chains. This is especially important as the number of blockchains and cryptocurrencies grows, and users require a simple and secure way to transfer assets between networks.
COTI V2 is designed to provide a scalable and user-friendly infrastructure for decentralized applications and payment processing. COTI V2 aims to provide a more efficient and user-friendly blockchain infrastructure for businesses and developers looking to build decentralized applications or process payments on the blockchain.
The main features of COTI V2 include:
- Trustchain - a DAG (directed acyclic graph) ledger that enables fast and scalable transactions with low fees.
- MultiDAG - a multi-chain architecture that allows for the creation of multiple ledgers for different use cases and applications.
- Cluster Nodes - a decentralized network of nodes that enables high-speed and secure transactions.
- HydraNet - a layer-2 scaling solution that enables COTI to handle millions of transactions per second.
- Feeless Instant Transactions - the ability to conduct feeless instant transactions between COTI wallets.
COTI V2 will function as a programming language that can effectively incorporate regulatory requirements and corresponding tools for regulatory bodies to utilize the resulting artifacts in ensuring compliance with their regulatory obligations. COTI V2, as a Layer 1 solution, will be programmable to specifically address this issue, thereby presenting an excellent business opportunity for COTI. Although it will continue to serve as a robust payment solution, COTI V2 will expand its use cases considerably by providing building blocks for developers seeking greater freedom in a potentially regulated future.
In traditional financial systems, compliance with regulatory requirements is typically achieved through centralized intermediaries such as banks, payment processors, and regulatory authorities. These intermediaries are responsible for enforcing rules and regulations, verifying identities, and monitoring transactions to ensure compliance.
COTI V2 aims to decentralize compliance by enabling peer-to-peer transactions that are compliant with regulatory requirements. It does this through a combination of decentralized identity verification, automated compliance checks, and smart contract technology.
By decentralizing compliance, COTI V2 aims to provide a more efficient and cost-effective alternative to traditional financial systems. It allows businesses and individuals to transact on the blockchain without the need for intermediaries, while still meeting regulatory requirements. This has the potential to increase financial inclusion and reduce barriers to entry for smaller businesses and individuals who may have limited access to traditional financial services.
In summary, COTI has an ambitious roadmap that is focused on developing a range of exciting projects that will enable businesses and individuals to take advantage of blockchain technology. DJED, gCOTI, Treasury 2.0, cotipay Business, and COTI V2 are just a few of the key projects that are currently underway, and there is no doubt that there will be many more to come in the future. If you are interested in the world of blockchain and cryptocurrency, then COTI is definitely a company to watch.
First published on Mar 26, 2023