Coti aims to build a “finance on the blockchain” ecosystem to meet the challenges of traditional finance, such as high fees, latency, and lack of global inclusion.
In order to achieve this, Coti introduces a new type of directed acyclic graph (DAG) based blockchain infrastructure with Proof of Trustconsensus algorithm.
Coti's multiDAG structure enables the combination of independent DAG clusters into the overall Coti network. This allows enterprises to issue their own tokens (such as stablecoins) on the Coti network.
The COTI token is used to pay fees for all transactions on the network, regardless of the underlying transactional token or DAG cluster. COTI incentivizes participants in the network by allowing users to run Full Nodes, whom will receive a percentage of every transaction processed by their node.