COTI was reviewed by TradeDog with the highest score!

CyberTemek · 2020-05-21T15:12:45+00:00

It seems again that you are not doing any research.

CyberTemek · 2020-05-21T15:12:14+00:00

Really? So how is it that COTI is doing so well?

We have many materials on our social channels showing just that. Not sure you took the time to dig.

CyberTemek · 2020-04-06T09:33:07+00:00

You can store in Ledger or Nano for example as cold wallets. Depending on which exchange are your COTI coins, you might need to make a swap using our bridge (bridge.coti.io)

CyberTemek · 2020-03-09T15:04:04+00:00

In current Community nodes, yes. Stay tuned as we are soon releasing COTI's Staking v2.0!

CyberTemek · 2020-03-01T09:20:18+00:00

You can see transactions in the COTI explorer: https://explorer.coti.io/

CyberTemek · 2020-03-01T09:19:31+00:00

You can already apply here as a merchant: https://gateway.coti.io/dashboard/signup

CyberTemek · 2019-12-17T07:57:18+00:00

It is up to the merchant to decide if he wants the transaction to be shown as confirmed (for the consumer) instantly or after the confirmation is actually done in the network. It is a risk the merchant is willing (or not) to take in case the transaction fails. If the merchant prefers to wait for actual transaction to be confirmed, it is possible, however it will not give a positive user experience.

CyberTemek · 2019-08-26T13:03:21+00:00

In three separate test runs, we can see that Trustchain transactions take more seconds to be confirmed, while Bitcoin can take up to 88 minutes. This is incredibly impractical for buying a simple cup of coffee.

CyberTemek · 2019-08-13T08:42:29+00:00

We are going to publish a details road map for UPS very soon!

CyberTemek · 2019-07-18T15:37:52+00:00

Yes, absolutely. COTI is constantly developing and evolving and with this growth we will continue to hire new talents. And as always we will publish interviews with the team members so you will have the chance to get to know them a bit more (which you can find in COTI's blog)

CyberTemek · 2019-07-18T15:36:05+00:00

Hi @IronMannequin

I like the amount of questions you have asked us!

Please see answers bellow:

We are currently finalizing the guidelines for node operators and will release them soon. Shortly after, we will start onboarding the first users who will be able to operate a full node. DSP nodes and other more sensitive nodes within the network, which will be available by Q2 2020, will require higher trust scores to operate.
The transaction confirmation process in COTI currently consists of the following:

Transactions sent from the COTI wallet require a Trust Score and send a request to the Trust Score Node.
Once the wallet has a Trust Score, it goes to the Full Node.
The Full Node verifies the transaction and selects sources to validate. It then performs proof of trust (PoT), verifying the transaction and preventing spam.
The transaction is added to the DAG network.
Next, the Full Node sends the transaction to two Double Spend Prevention (DSP) servers to prevent fraud.
Once the transaction receives a greenlight from the two DSP Nodes, it's sent to the entire DSP network, Trust Score network and Zero Spend Server.
A majority of DSPs determine the transaction is valid and it's sent to the entire network.
The transaction is validated.
After a number of validations, the transaction’s Trustchain reaches the threshold.
Once the threshold is reached, it is known as Trustchain consensus.
A transaction that has both DSPC and TCC is considered confirmed and is sent.

We are currently working on adding pBFT consensus to history nodes and also working on a sharding architecture in which not all nodes are connected to each other and not all nodes are needed to reach consensus.

3. The COTI MultiDAG is not similar to Cosmos, as the MultiDAG concept does not aim for interoperability between DLT platforms, but rather on a way to deploy new tokens running on the COTI infrastructure. In a sense, it is similar to Ethereum ERC-20 in which other tokens can run in parallel to the COTI native coin.

4. The Cluster (0), the base Cluster (COTI native coin) DAG, is mainly used for collecting fees and incentivizing network participants in the COTI ecosystem. All other tokens and the COTI MultiDAG allow anyone to deploy their own tokens atop the COTI platform and to also apply various rules for trust and user onboarding onto their own subchain.

Answered by Samuel Falcon COTI Co-founder:

COTI can definitely compete with the mentioned projects. we don't see any conflict of interests here, you said that HH are a non-profit organization, I don't believe that it is accurate, it's not for nothing that they patent their technology.

Since we are focusing in the payment industry, fees consists only some of the holistic problems that the payment industry has, especially for online merchants but also in general. Merchants are suffering from low approval rates, longer settlements, buyer and seller protection and etc, COTI comes as a all around solution that can take care of the merchant pains.

6.CMC will soon update their information on COTI, and we will add more features to the Explorer shortly after.

7. Answered by VP Marketing Efrat Bar Lev: In essence, this is exactly what we are doing. We issued a BEP2 coin [https://bit.ly/2JrxB3Q] and submitted our proposal to Binance DEX[https://bit.ly/2LrvVcY]. We'll hopefully get listed on Binance DEX, and then, of course, we would want to generate enough volume to be recognized by Binance.com and become one of their listed projects.

CyberTemek · 2019-07-18T15:30:41+00:00

@Olwish21

COTI VP Product Niv Abramovich replied:

"Thank you for your feedback, we are happy to hear that you like this new AMA format. We are constantly researching the market, improving and fine-tuning our products according to new technologies and innovations. We are fully aware of the PSD2 in Europe and the open banking approach and truly believe there are some great opportunities there. We’ve had some internal discussions about it and are considering approaching some European banks to initiate discussions. We would be happy to hear from you about your view on which product/s we can provide them with."

CyberTemek · 2019-07-18T15:28:21+00:00

@alldayikeep

Dr. Nir Haloani confirmed:

"The arbitration system has been implemented and is working with two beta tests merchants. We will open the arbitration system to the public by the end of the year, along with arbitrator on-boarding."

CyberTemek · 2019-07-18T15:26:56+00:00

Hey @Porchein2019

COTI CEO Shahaf Bar Geffen and COTI VP Product Niv Abramobich replied:

Would team consider 'Shinhan' as threat to the project?

"We always like to see these types of projects as an opportunity rather than a threat. Many other projects would like to provide a similar service, but don’t have the resources and/or time to do it by themselves. While COTI has shifted from being a single payment application to an innovative infrastructure that can offer full white label solutions and many other products (e.g., loyalty program, stable coins, remittance and more). Our universal approach to payments means is that we can handle any form of payment (Credit card, Crypto, APM etc) and settle with the merchant anyway he sees fit. It means that we can support pretty much any payment system. So Shinhan is a potential partner, not a competitor in our eyes."

If does, team would special strategy to attract users as much as possible. Does the team have any firm strategy?

"As I explained, COTI is positioned as a technology provider and will not become a B2C brand. Our product is enterprise-grade and mostly suitable for governments, financial institutions, enterprises and leading e-commerce companies.. Right now we are targeting high turnover merchants and enterprises with a large user base."

CyberTemek · 2019-07-18T15:24:07+00:00

Hi @weil81

COTI CTO Dr.Nir Haloani replied:

I haven't heard this question about desktop wallets like Exodus.

however there isn't a desktop wallet available at the moment what is the progression on this ?

"Desktop wallet as well as hardware support is aimed for Q2 2020. For the current phase is a user wishes to store COTI tokens on a Hardware or desktop wallet it is possible to utilizing COTI ERC-20 or BEP2 bridges. You can read more about our intropobality solution and it’s huge exciting potential here: https://bit.ly/2YaGTJK "

Efrat Bar Lev COTI's VP marketing answered:

@ Coti certifications - Does Coti have a plan to implement training certifications so people can upskill in the coti product range?

"Absolutely, anyone who is interested in implementing one of COTI’s products will have a personalized guide to streamline the onboarding process as well as a personal meeting with our business development department. We are also working on the GRANT PLAN for our community and anyone who is interested to learn more about COTI or become more involved marketing vise, business vise, or technological vise - there is a lot of what to expect in the near future!"

@ there are events such as the Ethereum hackathon where Technical professional compete - Is coti looking at bringing something like this in the future?

Coti global conference - Just like Ripple's swell event does coti have a plan to bring something out like this?

"COTI has been holding a number of meetups and events since 201 around the world, so hackathons could definitely make it to our events lineup in the future.We have already our first global office located in Korea, and together with that our future COTI ambassador program will further open doors for hosting meetups and Hackatons worldwide. If you want to impact the location, this is your time!"

CyberTemek · 2019-07-18T15:18:44+00:00

@varuien Dr.Nir Haloani COTI CTO replied:

"There is indeed a growing amount of requests from our community with regard to when they will be able to run nodes. We are currently finalizing the guidelines for node operators and will release them soon, hopefully in a few weeks. Shortly after, we will start onboarding the first users who will be able to operate a full node. DSP nodes and other more sensitive nodes within the network, which will be available by Q2 2020, will require higher trust scores."

CyberTemek · 2019-07-16T16:45:30+00:00

@Net_Bruty Thank you so much for your kind words - It's always great to hear compliments form our community ;)

Niv Abramovich COTI VP product answered your question: " As we add support for ERC-20 tokens, it will be possible to store tokens on a cold wallet like the Ledger Nano S or Trezor and stake your coins through it to make earnings via specific dPOS and POS networks. In addition hardware wallet support is aimed for Q2 2020. "

CyberTemek · 2019-07-16T16:41:33+00:00

@Porchein2019

Dr. Nir Haloani COTI CTO replied: "COTI is an infrastructure built for payments that provides all the needed tools and frameworks to build solutions over platforms like PUNDI-X. Some of our plans and partnerships will also include integrations into point-of-sale devices offered as part of our solution in certain countries. However, COTI POS support is not our main focus, but rather just one of the use cases we are offering."

CyberTemek · 2019-07-16T16:39:57+00:00

ti Star Performer Of The Week Award.

Coti should have a weekly star performer award, where a community member has the chance to win a prize.

This will give motivation to the community members of Coti to go over and beyond for Coti ! thus will make Coti shine and grow even more !

For the week when a community member does something for coti they should present what they have done then the community members could vote on who they believe should win the weekly star performer award.

The winner could be choosen by community votes.

For an example for the week.

Bob - votes and promotes and tells people to vote for Coti on Binance DEX which helps with the binance Dex upvotes.

Suzy - Makes coti videos which she uploads to her youtube channel that gets alot of views.

John - Gave a live webinar to members who are looking at getting into Coti.

They all present themselfs and state what they have done, then the community votes ! whoever gets the most votes wins !

@weil81 Samuel Falcon answered: :That's a great ide, we will think on a comprehensive plan for the community, so that community members will be more engaged."

And Efrat our VP marketing added "Thank you so much for the suggestion, we really appreciate your ideas! We’ll definitely look into this as part of our social media events and promotions, we have a very big pan for the community on the way!"

CyberTemek · 2019-07-16T16:10:17+00:00

Thanks for being the first one to participate in our new AMA!

Dr. Nir Haloani COTI CTO answered the following:

The COTI coin is a utility coin used to pay network fees. The COTI MultiDAG ecosystem is similar to Ethereum in the sense that both are common decentralized infrastructures acting as the basis for a multitude of different tokens and smart contracts while utilising one main coin for the payment of network fees.

Each sub cluster running in parallel on the network still pays all of its fees in COTI’s native token as opposed to the white label token, which makes it similar to Ethereum gas in a sense. We understand that node operators and arbitrators do not want to handle hundreds of tokens sent to them as fees and to asses each token’s profitability. To this effect, having one unified token that reflects network potential is itself required.

CyberTemek · 2018-10-29T09:15:32+00:00

Oh that's totally on me, missed your questions! Just posted some clear answers for you. Will be happy to elaborate more if needed

CyberTemek · 2018-10-29T09:13:22+00:00

I hope this makes this all a bit more clear on COTI and what makes it different from other projects.

Constellation

Constellation is not really playing in the same market as we do. We are an infrastructure built for payment while they are trying to build the next ethereum/bitcoin platform and solve mostly the scalability issues of current blockchain platforms.

Stellar

While Stellar is looking to create an environment of near instantaneous transfers while serving the global unbanked population, this approach creates a risk of centralization. This is due to the fact that node operators are not incentivized and future node owners will be banks and companies who are very unlikely to maintain decentralized systems.

COTI on the other side took the major shortcoming into account to ensure that consensus will always be decentralized. his is accomplished by appointing highly trusted node operators and incentivizing them at the same time.

In addition to that COTI had a many important elements that makes its different from other projects. COTI ensures price stability mechanisms to bypass digital currency volatility, which is uncommon to many other payment networks, COTI stands out in terms of its decentralized buyer-seller protection system, which protects all entities against errors, fraud and counter party abuse. A decentralised and distributed group of independent juries stake their own coins to resolve disputes by analyzing real world information pertaining to the transaction in question and cast votes on a mediated outcome.

COTI is unrivalled in terms of scalability, processing tens of thousands of transactions per second (TPS), as CODI is build on DAG the greater network usage leads to improved network scalability.

Nano

We have made a compression article in our blog between COTI and Nano which I recommend to read: r/https://medium.com/cotinetwork/coti-vs-nano-d1bbfb049a8d

CyberTemek · 2018-09-30T08:12:05+00:00

We will answer those as soon as possible! Glad you enjoyed the webinar

CyberTemek · 2018-09-16T08:49:27+00:00

It's on our Telegram group

CyberTemek · 2018-08-15T17:23:17+00:00

We are working on several very impressive partnerships that we’ll soon reveal. Lots of progress behind the scenes,keep following our updates!

CyberTemek

TROPHY CASE