Cryptocurrency Q&A
Is coti layer 2?
Is coti layer 2?
Isabella
Mon Jul 22 2024
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6 answers
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Could you please clarify whether COTI is indeed a Layer 2 solution? There seems to be some discussion in the cryptocurrency community regarding this, and as a practitioner in this field, I'm interested in understanding the technical specifics. Does COTI utilize any form of off-chain scaling or second-layer protocols to enhance its scalability and throughput? If so, how does this affect the overall transaction speed and cost for users? Any insights you can provide would be greatly appreciated.
6 answers
EchoWhisper
Wed Jul 24 2024
Coti, a Layer-2 scaling solution initially tailored for Cardano, is undergoing a significant transformation.
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CryptoAlly
Wed Jul 24 2024
The objective of this shift is to pivot towards Ethereum, focusing on privacy-centric features.
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henry_rose_scientist
Wed Jul 24 2024
The transition aims to deliver faster and more cost-effective transactions, leveraging Ethereum's robust security and interoperability.
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Sara
Wed Jul 24 2024
By maintaining privacy as a core component, Coti ensures users can conduct transactions securely and anonymously.
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StormGlider
Tue Jul 23 2024
This move aligns with the growing demand for privacy-preserving solutions in the cryptocurrency space.
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