👂Q4. Aryan: COTI has just announced the release of the

Question

👂Q4. Aryan: COTI has just announced the release of the

FoxNet version of the MultiDAG 2.0, which will allow the release tokens on top of COTI. Can you run through just how significant this is and how COTI will define a new token standard relating to the $COTI Native coin in the same way ERC20 tokens relates to $ETH.

🗣A4. Great question! I believe MultiDAG 2.0 is one of COTI’s biggest milestones to date for us, as we are moving from a single-coin chain to a multi-token chain.

Worth mentioning also that COTI's MultiDAG is the first-ever DAG structure that allows token issuance on top of a single DAG.
This achievement was made possible by combining independent DAG clusters into the overall COTI network.
The COTI MultiDAG ecosystem is similar to other layer-1s, in the sense that both infrastructures act as the basis for a multitude of different tokens while utilizing one main coin for all fees. in our case, the COTI coin.

In other layer-1s, token issuers are limited by the overall rules and performance of the network as a whole.
On the COTI MultiDAG, token issuers retain control of their own rules, and instances are not limited by the overall performance of the network.

This allows for almost limitless instances and tokens to exist without any network degradation. MultiDAG instances retain the ability to access all the overall COTI network features such as high scalability, low transaction costs and privacy.

👂Q5. Aryan: We know the market isn’t looking the best now, plus the economy looks dreadful with a recession looming. People don’t want to invest or part with their cash, so can you give us some insight into what else we can expect in the near future regarding upcoming catalysts and why people should chose to invest in COTI now?

🗣A5. I understand the crypto space, and in my opinion, the world, in general, is passing through a period of high uncertainty fear, and volatility.
But what I can say is that COTI as a company isn’t really affected by it. We are still growing our team and building like never before. We are confident that this will pass and COTI will come out stronger. It's not our first bear market.

We have COTI’s MultiDAG 2.0 mainnet launch this summer as well as Djed’s mainnet launch. Apart from that, we are talking with a few enterprises regarding possible collaborations. There are many exciting things that I didn't mention, so I suggest you follow our channel to stay up to date.

#coti #cryptocurrency #english

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05.07.2022

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Ben G | COTI | Will never DM you first! · Accepted Answer

Ben G | COTI | Will never DM you first!

We usually have a recap after AMAs, but thanks Zippy 👍 Welldone 👏

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05.07.2022

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👂Q4. Aryan: COTI has just announced the release of the

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