Blockchain
COTI Unveils ETH L2 Developer Network and Growth Fund Use Cases
COTI announces an ETH L2 Developer Network to leverage its $100M fund, targeting key use cases like Confidential DeFi and encrypted data management.
COTI Foundation has taken a significant leap forward in its commitment to enhancing privacy and scalability in the blockchain space by announcing an upcoming ETH Layer 2 (L2) Developer Network. This initiative is aimed at harnessing its nearly $100 million development fund, to be disbursed in COTI tokens, to drive innovation and growth within the COTI ecosystem.
The blockchain industry, heralded for creating borderless finance and trustless interactions, has often grappled with the challenge of privacy. The transparency inherent in Web3 has been a double-edged sword—beneficial for democratizing organizations but proving to be a stumbling block for numerous other applications due to privacy concerns.
COTI V2 is poised to address these issues with Garbled Circuits, a pioneering privacy solution that is both 1000 times faster and 250 times lighter than existing technologies, allowing for operation on any device. This breakthrough offers a significant edge over ZK-based solutions, which are typically limited to two-party transactions, by enabling secure multi-party transactions that are crucial for both Web3 and traditional Web2 industries.
The COTI Foundation aims to supercharge the growth of its ecosystem, starting with the Developer Network (Devnet) slated for launch in early Q2 of this year. The COTI V2 Devnet, coupled with an upcoming grant program, will empower developers to build and improve upon the technology, rewarding their contributions to the ecosystem. Developers will find familiarity in using Solidity for smart contracts, which will allow them to integrate privacy into existing applications or innovate entirely new use cases.
Key target use cases for the COTI V2 platform include:
Confidential DeFi: Addressing the privacy compromise in DeFi, COTI V2 will enable novel primitives like private AMMs, dark pools, and under-collateralized lending, which hinge on user privacy and transaction content confidentiality. Additionally, COTI V2’s technology is set to tackle the persistent issue of Miner Extractable Value (MEV) exploits in Ethereum DeFi, by encrypting transactions and thwarting frontrunning bots.
Confidential Transactions: In the realm of payments, stablecoins, and real-world assets (RWA), COTI V2 offers a solution that upholds confidentiality akin to traditional finance systems. This will enable the mainstream adoption of Web3 by ensuring secure transactions that comply with regulatory standards.
Confidential Machine Learning (GCML): The platform’s encrypted on-chain data storage and confidential query capabilities are a game-changer for sensitive data management, such as medical records. It also introduces GCML for large language models (LLMs) like ChatGPT, facilitating service enhancement without compromising privacy or intellectual property.
Dynamic Decentralized Identification (DID): COTI V2’s DID system allows for personal information to be used and verified without actual data disclosure. This supports trustless global interactions within a regulated framework without sacrificing sensitive information.
As the blockchain industry evolves, COTI’s innovative approach with Garbled Circuits technology is timely, aiming to resolve the privacy limitations of Web3 and offering superior solutions to those available in Web2. The upcoming COTI V2 Devnet represents a promising opportunity for developers worldwide to contribute to this evolution.
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Blockchain
WadzPay Plans to Expand Portfolio into Stablecoin Business
WadzPay, a leading fintech company specialising in blockchain based technology for virtual asset payment solutions, is proud to announce its plan to enter the Stablecoin business, marking a significant expansion of its offerings. With a steadfast commitment to innovation and addressing evolving market demands, the company has strategically positioned itself to capitalise on the growing opportunities within the virtual asset financial services space.
Blockchain
RevoluGROUP Announces CEO and Director Stepping Down
Blockchain
ZettaBlock announces the addition of blockchain data
ZettaBlock, a leading provider of blockchain solutions, has recently announced a significant enhancement to its offerings with the addition of blockchain data services. This development marks a strategic move aimed at bolstering ZettaBlock’s capabilities and further solidifying its position in the blockchain industry.
By integrating blockchain data services into its portfolio, ZettaBlock seeks to address the growing demand for comprehensive and reliable data solutions within the blockchain ecosystem. The new offering will enable clients to access a wealth of blockchain data, empowering them to make informed decisions and derive valuable insights from the vast amount of information available on various blockchain networks.
ZettaBlock’s decision to expand its services comes at a time when the importance of blockchain data analytics is increasingly recognized across industries. With blockchain technology continuing to gain traction and adoption worldwide, the ability to effectively harness and analyze blockchain data has become crucial for businesses and organizations seeking to unlock new opportunities and drive innovation.
Through its blockchain data services, ZettaBlock aims to cater to the diverse needs of its clients, providing them with access to real-time and historical data from a wide range of blockchain networks. This includes transaction data, smart contract metrics, network activity, and more, allowing users to gain deeper insights into blockchain transactions and activities.
The addition of blockchain data services represents a significant milestone for ZettaBlock, underscoring the company’s commitment to delivering cutting-edge solutions that meet the evolving needs of the blockchain industry. As businesses increasingly recognize the value of blockchain data in driving decision-making and enhancing operations, ZettaBlock’s comprehensive data services are poised to play a key role in shaping the future of blockchain analytics.
Source: cryptonewsz.com
The post ZettaBlock announces the addition of blockchain data appeared first on HIPTHER Alerts.
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