Web3 undergoes transformation with COTI's newly revealed cross-chain privacy protocol
COTI Unveils Cross-Chain Privacy Protocol for Web3
COTI, a trailblazer in blockchain privacy, has revealed its new cross-chain privacy protocol, designed to revolutionize data protection within the Web3 ecosystem. This groundbreaking protocol, built on a privacy layer using Garbled Circuits, offers programmable, scalable privacy compatible across both EVM (Ethereum Virtual Machine) and non-EVM blockchains.
The protocol addresses the tension between transparency and privacy in blockchain technologies, enabling private transactions and secure data handling. By redefining data protection, COTI paves the way for innovative applications in the Web3 world.
The protocol's capabilities extend to a variety of use cases, including confidential DeFi operations and decentralized identity systems. It caters to enterprises, decentralized applications (dApps), and spans 70 blockchain networks.
COTI's privacy protocol has been successfully demonstrated with a cross-chain transaction through Axelar, and this achievement sets the stage for further integration with Axelar's Amplifier technology, extending COTI's privacy capabilities to 71 interconnected networks.
The new privacy layer enables developers to integrate advanced privacy features without altering their existing technical frameworks, enhancing the functionality of existing blockchain networks.
To promote adoption and interoperability within the privacy-focused Web3 ecosystem, COTI hosts monthly DeCC initiative sessions. These events bring together multiple Web3 privacy projects to foster collaboration, community education, and the sharing of technical advancements, with the aim of normalizing privacy as a core decentralized platform component.
For enterprises and dApps, COTI's privacy solution offers cross-chain compatibility, integration into dApps and smart contracts to protect sensitive business logic, wallet balances, and proprietary data, and community-driven momentum encouraging widespread adoption of blockchain privacy standards.
By embedding privacy infrastructure directly into blockchain layers and application environments, COTI's protocol addresses the critical demand for confidentiality and compliance in enterprise and decentralized use cases, helping drive a broader shift towards privacy-aware decentralized systems across Web3.
In summary, COTI's cross-chain privacy protocol leverages advanced cryptography to bring scalable, programmable privacy to various blockchain platforms, empowering enterprises and dApps with privacy tools integrated at the protocol level and supported by an active community fostering adoption and interoperability. This strategic move underscores COTI's commitment to driving the next wave of Web3 innovation.
[1] Source: COTI Official Website and Announcements
The cross-chain privacy protocol by COTI, built using Garbled Circuits, aims to revolutionize privacy within Web3 by offering programmable, scalable privacy across multiple blockchain networks, including EVM and non-EVM platforms. This protocol is designed to cater to a variety of use cases, such as secure DeFi operations and decentralized identity systems.
COTI's privacy protocol has set a new standard for enterprise and decentralized application data protection by embedding privacy infrastructure directly into blockchain layers and application environments, addressing the critical demand for confidentiality and compliance in both enterprise and decentralized use cases.
