COTI: The Decentralized and Trust-Based Online Payment System

Blockchain technology and cryptocurrencies have since their inception, provided meaningful and convinient ways of making payments online. Cryptocurrencies like Ethereum and Bitcoin have gathered widespread acceptance following their remarkable success in easing the stress of transacting over the Internet. The Blockchain technology on its part has been utilized in many applications such as supply chain management and other key sectors of the economy. It is therefore surprising that the Blockchain technology is likened to the acceptability that trailed the advent of the Internet.
However, despite the enormous potentialities the Blockchain technology provides and the ease of transactions that cryptocurrencies offer, there are some lingering problems in the system. Notwithstanding the rapid increase experienced in cryptocurrency transaction, there are lapses that have inhibited its anticipated growth. Bitcoin rose from a 100 daily transactions in 2009 to about 400,000 later in 2012. At the moment, the Bitcoin cryptocurrency holds about 7 transactions each second. With these records, one might think that cryptocurrency is on the rise but that is actually not the case.
Payment solutions over the Interest have depreciated; they have a low transaction speed and minimum transaction volume. This has led to decline in online transactions and on the farther side, caused distrust among parties. Also, the expenses that come with it coupled with the lack of trust among the transacting parties had led to many transaction cancellations. If this continues, online payments will suffer continuous setbacks.

COTI COMES TO THE RESCUE

With the bad experience attributed to an online transaction, particularly on the Blockchain platform, there seems to be a breath of fresh air on the way. I pleased to announce the coming of a decentralized and trust-based online payment system that not eases online transactions but also boosts trust. COTI is here!
The currency of the Internet (COTI) was initiated to manage and decentralize payment structures over the Internet. COTI uses an acyclic graph-based ledger and a machine-learning algorithm to ensure trust and ease of payment processing over the Internet. It uses Cluster; a directed acyclic graph (DAG) to achieve a high transaction output. COTI is better than the Blockchain technology and with its Trust Scores approach; users can now view the historical transaction behaviour of another user. With this, the problem of trust will be a thing of the past. Also, COTI has the Mediation Service that easily settles disputes among trusted participants.
It is opined that in few years to come, our conventional cash and cards will be replaced with digital currencies that lets for easy, secure and cost-effective transactions. COTI has set the standard for its innovation and will soon take over the conventional payment systems like cash and takes its place with the best digital currency ever.
COTI provides a Trust Chain Algorithm that eases transaction. The first is the Cluster features. Look at the picture below:

The second feature is the Source Selection. Here, the Cluster moves three stages; the first is where it initiates a new transaction. It moves to the second where two other transactions are attached with similar Trust Scores and in the third stage, the payment is validated and confirmed. With the Trust Chain Algorithm, users are assured of a secured transaction on COTI.

With the amazing features it has, Currency of the Internet (COTI) is the most reliable and effective way to pay.

The Problem
The inability of online payment providers to effect easy and speedy transactions on their platforms had led to the minimal online transaction. Many block chain technologies which were created to provide solutions to these problems have not been able to meet up with the demands these problems pose. With this, challenges like cancelled transactions, mistrust and much expense abound. Some Block chain cryptocurrencies have low output and some others are difficult to manage. Major digital currencies like Bitcoin are often trailed by speculations. More disheartening is the inability of these Block chain platforms to easily disputes that arise from transactions on their platform.

The Solution
For every problem, there’s a solution! The solution to the problems experienced in online payment systems is the service rendered by COTI. COTI promises to provide an efficiently decentralized online trust-based payment system. Making payments online has never been this easy and now, digital currency users can easily make online transactions with the best security features as provided by COTI. You don’t have to worry about finding a genuine dealer; the COTI’s Trust Chain Algorithm is there to help you.
COTI’s ecosystem has amazing features such as Mediation System which settles disputes accordingly; Trust Scoring Engine that lets you know a genuine user. Also on the ecosystem is a COTI base protocol and native currency. COTI’s decentralized system secures easy payments through the following services:
• Ease-of-use
• Trust generative
• Low to zero fees
• Security
• Reliability
• Decentralization
• Regulatory compliance
With the coming of COTI, online payment systems will “come alive”.

Token allocation details
10% of the tokens will be allocated to the team, bounties, and early backers of this project.
50% of the tokens will be allocated to the future development of the project by the project developers.
40% of the tokens will be allocated to private and public sales.

COTI Roadmap