For those that have been living under a rock COTI is transforming into a Ethereum L2 privacy token called COTI V2 before the year end. This alone moving into the Eth eco system is big news, but once you add the privacy tech known as Garbled Circuits this is not big it is massive.
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Privacy is going to be the next big narrative in crypto because for mass adoption to take place privacy s central to this. Businesses have been demanding this and why they have stayed away from using the blockchains. Privacy helps enhance security and protects the users by cloaking certain aspects of the transaction information.
COTI V2 has opened up the access to it's technology for developers to include Garbled Circuits in their own developed tech. Cross chain usage is where the numbers are going to be added to COTI V2. Privacy needs to be built into the various chains as this is what will become the expected norm and COTI V2 is the solution. We heard Charles Hodgkinson from ADA (Cardano) mention their new privacy development called Midnight which will be based around Garbled Circuits and encryption.
There have bee some teaser announcements mentioning Solana and Cosmos with integration work ongoing. Next week COTI is featured at the Chainlink conference with Sodabubbles the developers behind Garbled Circuits being featured. Announcements are popping off every week and we know there are over a 100 projects already being developed on the COTI V2 mainnet.
What we already know is that COTI V2 will see in the region of 10 million users with what they have already and once you start integrating multiple cross chain technology that number explodes into 100 million plus range.
This is one project I have been accumulating over the last 3 years and there is no concern over price because utility and use cases will take care of the dollar values. This may take some time to roll out and once this all comes together we shall see a very different COTI V2 valuation. There are some projects that just stand out for what is or has been developed and patience is the only part we have to do. We know many crypto projects are going to fall by the wayside before mass adoption happens and it is all about proving your tech and it's utility usage.
I never saw COTI V2 coming and it was a pleasant surprise that will no doubt pay off big in the future. 3 years ago I was happy to be involved in a project that offered Private Payment Networks (PPN) and the beauty about this is that tech still exists and is still rolling out. The upside for all of this is far bigger than I could ever have imagined and believe COTI will outperform the majority of crypto projects this cycle due to what has been developed.
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