COTI Launches V2 Mainnet with New EVM-Compatible Privacy-Focused L2 Chain
COTI has launched its v2 mainnet, transitioning from its original DAG-based Layer 1 protocol to a new EVM-compatible and privacy-focused Layer 2 chain after over two years of development.
Key points include:
- The migration aims to move user activity from L1 to L2 and eventually phase out the L1.
- The new privacy technology utilizes garbled circuits for encrypted data processing without revealing underlying information.
- COTI plans to target enterprises needing regulatory compliance with features like selective disclosure of transaction details.
- The launch includes integration support from partners such as Bancor, Carbon DeFi, and MyEtherWallet.
- Approximately 15,000 wallets received COTI tokens via an airdrop to mark the launch.
- Other privacy-focused projects, like Aztec Network and Aleo, are using zero-knowledge technology instead of garbled circuits.