COTI COTI/USD is a platform optimized for the creation of price-stable coins.
The COTI token powers COTI. It is a DAG (directed acyclic graph) protocol specifically optimized for the creation of decentralized payment networks and stablecoins.
COTI takes advantage of Trustchain, which is a decentralized ledger that can process 100,000 transactions per second (TPS).
The Mainnet 2.0 launch as a catalyst for growth
Back in September, COTI launched VISA debit cards and bank accounts.
On October 28, through an official Medium publication, COTI announced the COTI Mainnet 2.0 launch.
The current COTI infrastructure built on DAG has been live on Mainnet since June of 2019 and has processed millions of transactions on a global scale.
That said, work for COTI’s Mainnet 2.0 has been conducted for over a year, with the goal of allowing new scalability and speed capabilities, as well as optimizations to COTI’s platform, to support its massive growth.
Mainnet 2.0 is intended to take the performance to the next step, starting with the basics, such as database performance enhancements as well as faster transaction confirmations.
It will introduce RocksDB, which is the storage engine for the coti-node, Queues, the coti-node queue management for all around the software.
Additionally, from within the coti-node enhanced queue operations, we can also expect enhancements to the outside communications utilized by zero-mq and STOMP.
Without getting too technical, this will make COTI a lot quicker and a lot more scalable, which could result in an increase in the value of the COTI token.
Should you buy COTI (COTI)?
On October 29, COTI (COTI) had a value of $0.5594.
To get a better perspective as to what kind of value point this is for the token, we will be comparing it to it’s all-time high point as well as its performance in September.
The lowest point the COTI token dropped to in September was on September 8, when it dropped to $0.2723.
In terms of the all-time high value, the token achieved this value on September 29, when it raised its value to $0.6686.
That said, at its all-time high, the token was $0.1092 higher in value or by 19.52% when compared to the value it had on October 29.
From September 8 to September 29, the token grew in value by $0.3963 or by 145%.
With this in mind, we can expect the COTI (COTI) token to reach a value of $0.6 by the end of November, making it a solid purchase.
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