COTI Launches High-Speed Layer 2 Mainnet for Privacy-on-Demand in Web3
- COTIs high-speed Layer 2 uses an implementation of Garbled Circuits, created in collaboration with Soda Labs.
- A crucial element for widespread adoption is the bridge that COTIs Mainnet provides between privacy and compliance.
As a scalable Layer 2 for confidential transactions, Web3 privacy layer COTI has successfully launched its mainnet. After more than two years of rigorous research and development, COTIs L2 seeks to bridge the gap in web3 infrastructure by enabling consumers and businesses Privacy-on-Demand.
COTIs high-speed Layer 2 uses an implementation of Garbled Circuits, created in collaboration with Soda Labs, to enable web3 applications to reach their maximum potential. The technology allows Privacy-on-Demand across all major chains and delivers speeds up to 3,000 times faster than existing solutions.
A crucial element for widespread adoption is the bridge that COTIs Mainnet provides between privacy and compliance. The lack of workable privacy solutions has proved to be a significant barrier, particularly for institutions that must secure sensitive data in order to comply with regulations, which prevents them from engaging in industries like Real World Assets (RWAs).
COTI guarantees that people may use Web3 services without disclosing their personal information and that companies can protect proprietary data. AI agents may also function as independent entities thanks to its privacy technologies. COTI promotes innovation and increases confidence by offering safe, private, and legal access to decentralized apps across several chains.
COTI CEO Shahaf Bar-Geffen said:
The future of Web3 cant be built on transparency alone- it demands privacy thats fast, flexible, and compliant. With the launch of COTIs Mainnet today, we are setting a new standard for confidential Web3, delivering Privacy-on-Demand across chains. This isnt just an upgrade-its the missing layer that turns blockchain into real infrastructure for the digital age.
With the help of several ecosystem partners, COTIs Mainnet launches. Well-known companies including Band Protocol, MyEtherWallet (MEW), Bancor and its Carbon DeFi platform, and PriveX are already integrating with COTIs privacy layer, and there will be many more in the coming weeks.
In addition to well-known Web3 partners, COTI is aggressively expanding its reach into governments and CBDC projects, such as the Bank of Israels Digital Shekel pilot project. The extension of these initiatives farther afield will be revealed in a significant announcement that is about to come.
Tens of thousands of wallets will get 100 $COTI tokens from the COTI Foundation in support of the Mainnet launch. Claims will be available to users that add COTIs Layer 2 network to MetaMask. A new Explorer and Bridge will be included in the Mainnet release to enable users to quickly upgrade from COTI V1 to V2.
COTIs Privacy-on-Demand, which launched its Layer 2, makes sure that privacy is a competitive advantage that will spur innovation and practical usefulness rather than a barrier.
With the help of the innovative cryptographic protocol Garbled Circuits, the COTI Network is the quickest and lightest confidentiality layer in web3. By introducing the most cutting-edge and compliant solution for data security on the public blockchain, COTI, a member of the Enterprise Ethereum Alliance, opens the door for the next wave of Web3 innovation and adoption. A vast array of use cases, such as DeFAI, RWAs, Security, Identity, and more, are made possible by COTI.
Read more: https://thenewscrypto.com/coti-launches-high-speed-layer-2-mainnet-for-privacy-on-demand-in-web3/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
