COTI Skyrockets Over 100% on Innovative Privacy Technology and Business-Friendly Solutions
Coti (COTI), a leading payment network for decentralized finance (DeFi), has seen its price surge by over 100% in the past week, fueled by a combination of technological advancements and growing adoption potential.
Coti Unlocking Privacy with Garbled Circuits
The rally coincides with COTI’s unveiling of Garbled Circuits, a novel privacy-enhancing feature on their blockchain. Announced on February 20th, this breakthrough technology addresses limitations in existing solutions like Fully Homomorphic Encryption (FHE) and Zero-Knowledge (ZK) proofs.
- Faster and Lighter: Garbled Circuits boast computation speeds 1,000 times faster than FHE and require 250 times less storage, making them ideal for blockchain integration.
- Enhanced Functionality: Unlike ZK-proofs, Garbled Circuits facilitate transactions involving private data shared among multiple parties, expanding their utility.
- Security & Efficiency: They avoid the single point of failure risk associated with Trusted Execution Environments (TEEs), offering both security and efficiency.
COTI emphasizes the game-changing nature of Garbled Circuits, stating, “For the first time, garbled circuits have the speed and computational power to run efficiently on the blockchain, making it the perfect choice for the COTI V2 privacy-preserving solution.”
COTI Building Business-Centric Solutions
Beyond its technological innovations, COTI caters to the needs of businesses through its user-friendly platform, offering:
- Simplified Payment Systems: Businesses can easily set up their own payment systems and digitize any currency, saving time and resources.
- Decentralized Payment Platform: COTI facilitates seamless, secure, and decentralized payments for various stakeholders, including businesses, governments, developers, and users of stablecoins.
- Fintech Product Development: Businesses can leverage COTI’s platform to create innovative fintech products through features like COTI Pay, which enables online and offline payments with various currencies, built-in financing options, and white-label payment network access.
COTI/USD Technical Analysis
The recent price surge has pushed COTI above its previous resistance level at $0.15, reaching a weekly high of $0.21. Traders should monitor these key points:
- Resistance Levels: $0.21 (current high), $0.25, and $0.30.
- Support Levels: $0.18, $0.15, and $0.12.
- Technical Indicators: The Relative Strength Index (RSI) is currently in overbought territory, suggesting a potential pullback. However, the Moving Average Convergence Divergence (MACD) still indicates bullish momentum.
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