Payment of goods and services is something that will happen as long as the human race continues. Online payment has made it possible for goods and services to be acquired faster and in an easier way. As the world evolves, there is need for online payment to be done in a faster, better and more efficient way, hence digital currencies. Digital currencies today plays a major role in our everyday lives, from buying goods online, to paying for services and so on. A few years from now, digital currencies would have taken over, thereby becoming a central role in our lives and possibly replacing cards and cheques. These digital currencies enables us to transact more easily, more cost-effectively and with greater security than before. Examples of these digital currencies are Bitcoin and Ethereum. These blockchain technologies have tried in managing payment transactions for years now, but faces fundamental challenges that have prevented them from achieving universal adoption. Some of these issues includes high transaction fees, slow transaction confirmations and lack of trusts between unknown parties. These factors makes it difficult for individuals and merchants to adopt cryptocurrencies as a global currency for everday transactions.
WHY COTI?
COTI which is known as currency of the internet solves many of the challenges associated with previous digital currencies. One of the problems associated with previous digital currencies is lack of trust, and COTI takes into consideration the fact that trust should be based on a combination of historical behavioural data and objective information relating to buyers and merchants, hence calculating trust scores using a unique machine-learning algorithm leading to faster confirmation times. COTI (Currency of the internet) has an upgraded built mechanism to monitor, detect and defend against possible attacks, ensuring network security. COTI also introduces novel protocols to address disputes that may arise when sending transactions, a required feature not possible with other cryptocurrencies. With COTI transaction fees are relatively cheaper as compared to other existing currencies.
WHY COTI IS A DECENTRALIZED SYSTEM
To provide a completely decentralized ecosystem for online payments, COTI will explore various decentralized governance models. This models will help in making decisions that affect the future use of COTI's tokens, investments and more. Decentralized governance could take place following a protocol update and then a team of experts in the field tasked with creating metric to determine possible outcome of update implementation. COTI token holders will then be able to vote for the best possible outcome for the network, thereby basing decision on the wisdom of the crowd.
CONCLUSION
Considering the uniqueness of COTI(currency of the internet) in solving most of the problems and shortcomings related to previously existing cryptocurrencies. COTI combines the best of traditional payments systems with the best of blockchain technologies to offer the fastest, easiest, most cost-effective and most trusted way to pay. It can therefore be best described as the future of online payment with cryptocurrency.
THE COTI TEAM
THE COTI ADVISORS
THE PARTNERS
FOR MORE INFORMATION:
https://coti.io/
https://www.linkedin.com/company/coti-ltd/
https://medium.com/cotinetwork
https://github.com/coti-io
https://bitcointalk.org/index.php?topic=2934563
https://web.facebook.com/COTInetwork
https://t.me/COTInetwork
https://twitter.com/COTInetwork
https://www.reddit.com/r/cotinetwork/
AUTHOR'S BOUNTY0X DETAILS: UNITRUST
I see this Coti but i usually neglect ut but after reading this article and watching the video where the CEO was interviewed earlier today,i would give it a try.
It's a pretty super project, you should follow it up.
After watching and listening to the interview by the CEO, I will consider investing in it..
This is quite enlightening.. Will look into the project personally and make my decision about investing or not.
Please what is the minimum contributions?