#A BRIEF INTRODUCTION TO COTI

supzeel (38)in #ico • 7 years ago (edited)

COTI is an abbreviated form of Currency of the Internet. COTi is a trust based online payment system. Most online payment comes with different challenges. One of the major challenges faced with online payment is the trust based issue, which has led to countless transaction being canceled. Another problem is the unavailability of a decentralized ecosystem for online payments. Furthermore, an online payment is open to different forms of attacks which we’ll discuss in the next lines.

ATTACKS

In the cryptocurrency era, attacks has been one of the major problems facing majority of online platform. From payment platforms to purchasing systems and mining platform. There has been different reports on different form of attack on the online payment platforms. Most especially cryptocurrency platforms. The attacks are listed as follow
a. Double speed attack
b. Transaction glood
c. Sybil attavk
d. Man in the middle
e. Malicious Node attack
f. Majority attvk
g. Protocol compliance
h. Denial of service attack

USING COTI AS THE SOLUTION

The COTI platform will provide long lasting solution by using a very innovative base layer protocol.
Also on the issue of trust, COTI will provide an innovative Trust Chain algorithm to help erase the issue of trust and transaction confirmation. The trust chain will give user trust score . The trust score will help in a very innovative way in such that, users with higher trust score are confirmed earlier than those with low trust score.
Furthermore, COTI will build prevention system to defend against possible attacks. Some if these possible attacks are listed earlier. A mediation server has also been pug in place to make resolutions to d dispute that may arise when sending transactions.
What makes COTI different from other cryptocurrency is it’s usage of a different mechanism platform for it’s transactions called Clusters. Unlike the conventional Blockchain, the Cluster comes with new algorithm for it’s formation.
Lastly, a government structure has been put in place. The government structure will be in charge of making decisions as it affects the base protocol.
Internet users can get to read more about COTI, cluster platform, and different forms of attacks and how COTi plans to tackle it on www.coti.io

TOKEN INFORMATION

Ticker: COTI
Token type: ERC20
Fundraising Goal: 30,000,000 USD Sold on pre-sale: 3,001,028 USD
Available for Token Sale: 30%

Restricted Countries
The following countries aren't allowed to participate in the ICO:

AFGHANISTAN, BOSNIA AND HERZEGOVINA, CENTRAL AFRICAN REPUBLIC, CHINA, CONGO, CUBA, ERITREA, ETHIOPIA, GUINEA-BISSAU, IRAN, IRAQ, ISRAEL, LEBANON, LIBYA, NORTH KOREA, SOMALIA, SOUTH SUDAN, SUDAN, SYRIA, UGANDA, USA, VANUATU, YEMEN

THE TEAM MEMBERS