Introducing the COTI multiDAG!COTI’s
multiDAG is a unique implementation that frees the COTI network from being bound to a singular DAG instance. The COTI MultiDAG ecosystem is similar to Ethereum, in the sense that both are common decentralized infrastructure acting as the basis for a multitude of different tokens and smart contracts while utilising one main coin for payment of fees on the network.
This multiDAG feature is currently unavailable on any other DAG-based platforms and is totally unique to COTI!COTI’s selfsame node infrastructure enables the creation of multiple DAGs by originators of varying nature, such as stable coins, dedicated enterprise tokens and more. Because COTI uses several independent clusters that each support one token, the whole network is made infinitely more efficient and modular.
In essence, the COTI network will have several independent clusters and tokens built atop the Trustchain, with the COTI native coin used as a common means of payment for all fees and staking inside the COTI ecosystem.
How does the multiDAG affect the COTI token supply?In our original token economy, we explained that it would not have been possible for additional COTI tokens to be created following the genesis transaction due to COTI’s DAG structure and decentralized nature. This was the rationale behind generating an additional two billion COTI to be locked in reserve besides the original two billion that were recently disbursed to the network. At the time, it was of paramount importance for COTI to be able to introduce additional tokens into the supply at a later stage for added liquidity. However, with the introduction of the multiDAG, these reserve tokens are no longer required as by using the multiDAG, it is now possible for each independent Cluster to support one token, making the network highly adaptive and liquid.
All Clusters in the COTI multiDAG use the same identification and KYC procedures, which creates one common frictionless crypto universe that includes many different tokens, while of course using the COTI coin as a basis for all network fees.
A supply of 2,000,000,000 COTI has already been distributed to the network in line with our
token allocation. We will now no longer be generating an additional two billion COTI to be held in reserve.
For additional information and our recently updated documents, please refer to our
token economy and
technical whitepaper.
COTI’s IEO will be dropping on KuCoin on 4 June, 2019. For other exciting COTI news, you can stay up to date on our Telegram group.
Talk with us on Telegram Official Facebook Official Twitter Official Reddit Official Youtube Channel COTI Group
