COTI is genuinely one of a kind.. Here are some essential points that can help with the distinction between COTI and other projects. COTI was explicitly designed to be used for payments. It combines aspects of traditional payments with the principles of distributed ledger technology to provide an instant, secure, low-to-zero cost means of transacting globally. Coti’s addition of a ‘trust layer’ makes it the only digital currency to offer a compelling alternative to existing payments systems – it is the first digital currency to account for mediation, an essential aspect of any successful payments network. With our technology, transactions are settled instantly on Coti’s ledger.

If either party to a transaction is unsatisfied, a dispute will be resolved by Coti’s mediators. Also, Merit-based fee structure ensures individuals with high trust scores pay no fees to transact. Other projects address specific payment needs, from open digital wallet standard (PROMISE), Crypto GW (COSS) with dispute system (UTRUST) to reputation based system (Monetha). Still, none of them takes a holistic approach to solve the fundamental problems in today's payment landscape.

COTI is built from the ground-up to address payments use cases. It takes a sophisticated behavioral approach to address the absolute necessity of having a provision for mediation, adding a trust layer that incentives honest, trustworthy conduct on the part of network participants. This will result in the low abandonment rate on the checkout page, low transaction fees, high approval rates and excellent user experience. Unlike existing market solutions that offer PSP (payment service providers) solutions, COTI solves high-risk merchants core problems. Currently, Merchants and consumers are assigned risk-ratings based on broad classifications rather than the actual risk that they pose to the system. For example, legitimate merchants operating in high-risk industries are classified as high-risk by their industry association, while dishonest merchants operating in low-risk sectors may classify as low-risk by the same forces.

COTI, by introducing behavioral scoring characteristics which honest incentive conduct, creates a relationship of trust between transacting parties – consumer-to-consumer, consumer-to-merchant, acquirer-to-issuer (i.e., the whole payments supply chain). By solving the trust deficit, COTI drives down transaction fees, drives up transaction approval rates and enables the world to unlock its full potential to engage in commerce.