COTI Reveals White Paper for Enhanced Ethereum Privacy V2
COTI Network Launches V2 Whitepaper for Ethereum on Enhancing Privacy The V2 white paper highlights new features including the Garbling protocol and gcEVM for secure transactions. The COTI token is down 7% despite this key development.
COTI Network, the leading Layer-2 encryption protocol on Ethereum, has launched its highly secured V2 Whitepaper, aiming to revolutionize privacy in the Web3 ecosystem.
The move demonstrates COTI's commitment to addressing privacy issues and driving innovation in blockchain technology.
Enhancing privacy on Ethereum
The official V2 Whitepaper marks a major step forward in increasing privacy on the Ethereum blockchain. It introduces new features designed to optimize performance while protecting user privacy.
One key innovation highlighted in the white paper is the implementation of the Garbage Protocol, which offers dramatic improvements in computing speed, storage efficiency and latency compared to existing solutions. This protocol is set to revolutionize blockchain encryption by providing up to 1000x faster computation and 250x smaller storage requirements.
Moreover, COTI is introducing gcEVM, an Ethereum Virtual Machine (EVM) innovation developed by Soda Labs. This extension encrypts blockchain transactions, ensuring secure computation on encrypted data. By integrating gcEVM, COTI aims to protect data privacy while maintaining efficient operations in the Ethereum ecosystem.
Solving privacy challenges in the Web3
COTI's focus on privacy comes at a critical time for Web3, where data sharing and user empowerment are central themes. As the Web3.0 ecosystem evolves, navigating the balance between individual privacy and blockchain transparency will become increasingly complex.
The launch of the V2 white paper demonstrates COTI's commitment to addressing these challenges head-on. Prioritizing privacy as a core human right, COTI aims to promote the innovation and adoption of the Web3 ecosystem to equip users with the tools necessary to protect their privacy.
COTI token price response
Despite the fundamentals outlined in the V2 Whitepaper, the COTI token has seen a 7% price drop amid broader market volatility, currently trading at $0.1643.
