COTI: THE BLOCKCHAIN SOLUTION FOR ONLINE PAYMENTS

Online Payment solution make it possible for you to receive money from your online customers. Without proper set up of a payment solution, you won’t be able to process a customer’s credit card information to complete the transaction. The world has gone Global and the rapid use of the Blockchain technology have increase tremendously. Over the years it has been seen that some blockchain technologies were created to solve the problems emanated by introducing slow transactions fees, but this have not really be productive in terms of calculating the success achived. With all this challenges, there is need to create a new Blockchain based technology for online payment and swift transactions, COTI was built to provide solutions to this problems.
WHAT IS COTI?
COTI as it is popularly called simply means the Currency of the Internet.

Over the years the Blockchain technologies and cryptocurrencies in general have proven to be successful mechanisms for managing online payment transactions with a tracking records of success. Examples are; Bitcoin, Ethereum dogecoin, litecoin and many others have enjoyed massive exponential growth in popular interest and adoption usage, while blockchain technology has been utilised in many applications, ranging from supply chain management to decentralised health records management. It can be seen from previous research that the early projects of crytocurrency have been dealt with tremendous problems and that have prevented majority of them from achieving a Global adoptions. Indeed, many have described cryptocurrencies as to the early internet, citing its enormous potential to disrupt payment systems in the same way the internet disrupted information accessibility. The Currency of the internet aim is to minimize the problems enlisted above by using the best innovative layer protocol in the form of a directed acyclic graph built ledger from all the transactions records connected through time by creating an algorithms for them, with the speed of the algorithm it can be deduced that the COTI blockchain based technology is beneficial to all with a faster confirmation.

WHY IS COTI A DECENTRALIZED SYSTEM?
The currency of the internet, COTI as it's popularly known for, is a decentralized blockchain technolgy for swift online transactions.In order to provide a decentralized ecosystem for online payments, COTI will explore various decentralized governance models. This models will help to provide voting rights for executing changes in COTI'S base Protocol and therefore providing votes for executing changes in COTI’s base protocol and deciding which future to use as cases of the COTI coin. Another model employ is the Futarchy governance, this help the team utilities experts who will work to defined the metrics for executing and implementing new developments. The Holders of COTI coin can then vote collectively for the best possible outcome to reach a decision based on the wisdom of the crowd.

BENEFITS FOR COTI USERS
1. it helps to provide a decentralized ecosystem for online payments
2. Funds are secure with COTI.
3. COTI can be used to keep track and records of bank accounts provided there is funds in both the digital and fiat currencies.
4. It helps in the exchange of funds from one wallet to another by posting limit order in the COTI exchange.
5. It aids in the transfer of funds with low to zero transaction fee.
6. It provides a detailed date and functionality to Merchants.

CONCLUSION
This is a secure decentralized blockchain based technology for online payments and it has a swift transactions records, fast confirmation rate, zero transfer fee and it is digital. At COTI, the payments network was designed to over take the normal traditional payment systems. Therefore, it can be described as the future of crytocurrency. @cotinetwork

THE COTI TEAM