A payment platform that is simple, transparent, trustworthy, instant and scalable "COTI''

source: https://coti.io

COTI represents the next generation of digital currencies. It brings the current standards of the financial services industry into the digital sphere.

This blockchain has proven features to make transaction easy and simple all over the world , The digital currency alternative to traditional payment systems like Visa, Mastercard and PayPal.

The full knowledge of CoTi blockchan and how it will become the future digital currency

COTI (Currency Of The Internet) solves these challenges by using an innovative base layer protocol in the form of a directed acyclic graph-based ledger built from transactions connected through time by harnessing trust-based algorithms. Trust should be based on a combination of historical behavioural data and objective information relating to buyers and merchants. COTI takes this into consideration, calculating trust scores using a unique machine-learning algorithm. Trust is used in the Trust Chain Algorithm to validate and conrm transactions faster. Trust Chains grow as new transactions attach to two prior transactions that have similar degrees of trust. This results in an innovative consensus-based conrmation mechanism, in which every user is incentivised to have a high level of trust while engaging in trust-building behaviour due to the benets associated with having a high level of trust (i.e. faster conrmation times). Screenshot_2018-06-06-16-43-34-110_com.android.chrome.png

  The Fee processing of COTI

The COTI network uses a transparent and equitable fee model. All fees are collected by the Full Nodes, which are decentralised servers run by general users in the COTI network.
Ability to validate more than one transaction at clusters Network.

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Resources will be needed to maintain the Mediation Service and DSP Nodes. For this reason, it is necessary that at least some users pay minimal fees. The fees incurred by a transaction depend on the Trust Score of the user and the type of transaction. There are three common types of transactions:
Transaction in which one user transfers COTI to another user. In this case, the standard fee is applied and determined by the Full Node according to the sender's Trust Score.

 Transaction in which a user transfers COTI to a merchant in exchange for goods or services. In this case, the merchant has the option to pay fees specic to his/her own account in order to make the transaction free for the ordinary user.

 Standard fee will be applied for a transaction in which a merchant transfers money to another merchant or user (for example, if the merchant wishes to refund the user for a defective good).

COTI's Trust Chain Algorithm is designed in such a way that trusted users (i.e. those with a high Trust Score) will experience faster conrmation times than those who are less trustworthy. This is natural as people are more cautious when dealing with people they trust less and would like to be certain that their transactions are conrmed before accepting them. Screenshot_2018-06-06-16-49-10-173_com.adobe.reader.png

     Trust Score

Trust Scores are a key feature of the COTI network and are used for eective transaction processing and risk mitigation. Trust Scores are calculated using the Trust Score Servers or the KYC/AML Database Servers.

       Merchant benefits

Low-to-zero fees translate to higher profits
Increased cash flow due to instant settlements
Reduction in unnecessarily declined transactions (false positives)
Equitable chargeback mechanism
Micropayment processing
Secure and private payment network
Full KYC and AML regulation