COTI V2 Goes Live for Privacy

COTI’s (COTI) brand-new V2 mainnet just went live, marking a big leap for cross-chain privacy. 

If you recall the old version, that was a stepping stone. Now, V2 claims 40 TPS for encrypted transactions (and up to 1,000 TPS for plain ones) - which might overshadow many privacy solutions that crawl. Soda Labs co-developed “Garbled Circuits” to make these transactions lightning-fast.

With V2 running, the next step is bridging from the old ERC20 token to the new chain. 

They’re tossing out free tokens so you don’t sweat gas fees, letting you snag 10 COTI for bridging costs. If you hold old tokens, just pop over to the new official COTI Bridge, switch your wallet to the fresh network (instructions are out there), and finalize the swap. 

Keep in mind, once V2 is official, the old tokens lose synergy.

COTI’s pushing “Privacy-on-Demand,” meaning you can cloak or reveal your transaction details as needed. The sweet spot? Comply with KYC if you must, but keep everything else hidden. They’re also hooking up with government-level projects - like a digital shekel pilot with Israel’s central bank, plus expansions into Africa. 

So it’s not just DeFi degens. They’re courting institutions that want private but still regulatory-friendly rails.

Soda Labs’s code helped them compress cryptographic overhead so everything runs smoothly. 

For devs building on top, the new aggregator, explorer, and treasury are all integrated, so you can spin up fully private apps quickly. Partnerships like Band Protocol  (BAND)or MyEtherWallet are also in the pipeline, presumably to ease adoption.

The main takeaway: COTI is not just for anonymity nerds; it’s for every chain or enterprise seeking big transaction throughput plus flexible privacy. They vow more expansions soon, hoping to become a standard for bridging real-world finance and crypto. 

If that’s your jam, it’s prime time to check out the new network.

Also See: Circle Payments Network Launches Globally

For updates and corrections, email newsroom[at]stocktwits[dot]com.