COTI V2 White Paper Published

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Yesterday saw the publication of the COTI V2 white paper which is good news because this now means Dev Net can now launch. I expect to see Dev Net in this second quarter, but more likely the end of this month. I am no tech guru so most of what I read flew straight over the top of my head. I have skimmed through the white paper a couple of times and there were a few items that stood out.

We all know that the COTI V2 is a layer 2 token on the Ethereum blockchain that through the technology COTI has developed now adds privacy. I won't bore you about the Garbled Circuits besides the fat this technology has now been patented.

COTI is also introducing gcEVM which is an extension of the EVM or Ethereum's Virtual Machine. his is all about transactions remaining confidential through encryption so the bots cannot read the transactions by frontrunning them skimming value away from investors. I had no idea this was even happening until they mentioned this a month or so ago.

Another new item which will involve members of the community is the introduction of Decentralizing Sequencers. A sequencer is used to order a transaction before it is completed and COTI V2 is going to use those selected members of the community who have sufficient stake to back the transactions as a extra layer of security whilst decentralising the process. This will be done on a rotating cycle creating fairness and removing the risk of being centralised.

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Those voted in as the chosen sequencers will have to stake tokens as a form of security which will cover the value of the transactions they are responsible for. This is similar o the node operators that currently operate on the COTI Treasury. This will hopefully open up more room for others who have had a test node operating or those who have sufficient stake. I am sure you would need to have more than 1 million COTI to even be considered for this role. Sequencer will be monitored throughout ensuring they comply with the network rules upholding integrity and reliability. For this service sequencers will receive transaction rewards.

COTI also mentioned that the service fees generated by the COTI V2 transactions on the Ethereum network would be a combination of affordability and efficiency. Fees will be lower than the Ethereum mainnet and run via a smart contract fluctuating at times of congestion. This means there is no gaming of the fees and has o human intervention taking place.

Being in COTI you do tend to forget that this is after all is a business and as a service provider this will create fees that flow back to us the investors who have staked our tokens. The more this technology is used the more we all make through an increased APR highlighting use cases in crypto yet again.

When started selecting my portfolio I was intentionally looking for not only utility, but the services the token provided. With this new technology COTI has far more utilities than it had 12 months ago and it is exciting to share the journey with them. When the base APR rises generating more rewards only then will we realise how big this all is. Personally I think the COTI price is going to rise even if we had no Bull cycle just through what it offers.