COTI’s Testnet uses Garbled Circuits to enable private computations of data, without disclosing inputs. COTI also wants to promote innovation with tools for developers, such as a faucet and testnet explorer, in the areas of confidential DeFi and data sovereignty.
COTI Launches Layer 2-Testnet
COTI’s layer 2 testnet has been launched with support from multiple partners in various blockchain sectors, such as MyEtherWallet and AnChain. COTI’s scalable Ethereum Virtual Machine network (EVM), which aims at offering affordable privacy solutions for Web3, has reached a major milestone.
It is clear that blockchain technology has become a key feature of privacy.
Innovative Privacy Solutions with Garbled Circuits Technology
COTI’s testnet uses Garbled Circuits, a technology developed by Soda Labs in partnership with COTI. The cryptographic protocol allows for parties to compute together functions using private inputs while not exposing them. This offers an enhanced level of privacy in blockchain applications.
Garbling protocol for privacy protection (coti.io )
COTI also released benchmarking results that demonstrate its privacy solution to be much lighter and faster than existing alternatives. It is clear that COTI has become the next generation platform for secure transactions.
There are many new blockchain use cases for developers.
The testnet is now available, and developers can experiment more easily with COTI technology. Tools like the faucet and testnet browser are also accessible. COTI’s Multi-Party Computation will unlock opportunities for confidential DeFi and quantum-resistant privacy by enabling secure confidential transactions.
Use cases of COTI ( coti.io )
COTI CEO Shahaf Bar-Geffen, and MEW’s founder Kosala Hmachandra both have high hopes for the potential of the testnet to drive innovation and build a future that is more secure and private.
