Tel Aviv, Israel, November 12th, 2024,
Chainwire
COTI, a leading Web3 privacy layer, has announced its
cross-chain privacy protocol following a successful proof of
concept. COTI is set to offer privacy-on-demand
for enterprises, decentralized applications (dApps), and builders
across 70 supported chains. The new functionality aims to provide
fast and scalable confidentiality for both EVM and non-EVM
networks, serving a wide range of DeFi and web3 applications.
Today’s announcement marks a major milestone for Web3. For the
first time, developers will be able to access COTI’s advanced
privacy technology directly from their native chains, without
changing their underlying tech stack. COTI’s privacy layer,
powered by Garbled Circuits and developed in collaboration
with Soda Labs, is engineered to meet enterprise-scale demands with
programmable privacy features that allow users to turn privacy on
or off as needed.
Shahaf Bar Geffen, COTI CEO, said: “This breakthrough represents
a pivotal moment for web3 privacy. COTI is the only privacy
solution currently capable of meeting the performance needs of
consumer applications and we’re excited that multiple chains and
builder communities will now be able to harness COTI’s privacy
features from their native chains.”
Earlier this month, COTI’s team successfully completed its first
cross-chain transaction, powered by Axelar. Following the
successful proof of concept the team will work to fully integrate
Axelar’s Amplifier technology to enable cross-chain privacy across
all of its 71 connected networks.
One of the biggest barriers to widespread blockchain adoption
has been the lack of privacy on open, public chains. Many
businesses cannot integrate fully with decentralized technologies
because they need to be able to balance transparency and privacy to
meet regulatory compliance. COTI’s cross-chain privacy
protocol aims to address these needs directly.
About COTI
The COTI Network is the fastest and lightest confidentiality
layer in web3, powered by the breakthrough cryptographic protocol
Garbled Circuits. COTI introduces the most advanced and compliant
solution for data protection on the public blockchain, paving the
way for the next wave of web3 innovation and adoption. COTI unlocks
a whole new world of use cases, including confidential
transactions, Artificial Intelligence, DeFi, decentralized
identification, and more.
Learn more: https://www.coti.io/
Contact
CEO
Shahaf
Bar-Geffen
Coti
contact@coti.io
