COTI AMA with Wolf Crypto — Part Five
We held an AMA with COTI in our public Telegram channel on June 30th.
COTI is a blockchain 3.0 Proof of Trust DAG, Internal Exchange & Payment dApp. COTI aims to be the payment platform of choice for consumers, merchants & enterprise, bridging the gap between traditional and crypto payment platforms.
The COTI Trustchain consists of three main components, the Proof of Trust (PoT) Algorithm, Double Spend Protection (DSP) and Buyer Seller Protections.
COTI-X is an internal interoperability exchange and settlement layer, enabling cross currency payments, direct transfers of one currency to another and ensuring liquidy on the COTI platform.
COTI Pay is the payment dApp built on the COTI platform. COTI Pay offers a payment app and debit card for consumers along with a POS software suite for merchants, including processing tools that allow a merchant to accept and mange payments from COTI Pay wallet holders.
COTI have also built a whitelabel solution for enterprise, allowing developers and organisations to issue their own branded tokens, payments apps and tools on top of the COTI platform along with a Universal Payment System that reconciles the functionality of PayPal and other online payment gateways with that of the cryptocurrency world.
COTI’s UPS provides a comprehensive payment solution that combines all existing support systems of traditional payment processors with the added value of digital assets.
You can also visit the COTI Telegram channel or COTI website for further details.
Here’s what COTI’s CEO Shahaf Bar-Geffen, CTO Dr. Nir Haloani, Marketing Manager Oriane Maire had to say in the AMA.*
*This AMA has been edited for clarity.
WC (Wolf Crypto Telegram Member)
INTRODUCTION
Welcome to yet another edition of Wolf Crypto AMA, this time, yet again, with COTI!
We’re up to part five of our AMA series with COTI now, you can check the previous AMA we did with the team here -
Joining us from the COTI team today are COTI’s CEO Shahaf, CTO Nir and CM Oriane!
INTRODUCTION & RECENT UPDATES
WC
Before we get into it, welcome to the COTI team! Since we’ve already done this more than a few times let’s skip the intros and get right into it.
If you’d like to know more about the COTI team, feel free to check out our previous AMA’s listed above or the COTI website/Telegram gorup!
Quick one for you, we last spoke in the lead up to the Binance community vote for COTI, which seems like an age ago…
What’s happened between now and then for COTI?
SBG
Well, since our last AMA on March 2020, much has happened for COTI as highlighted below:
- We marked the one-year anniversary of our coin and MainNet launch.
- We got listed on Binance, Indodax, Gate.io, Coinbit, Bidesk, and Coin CDX.
- We introduced Staking 2.0, with increased staking volume and we are now closing the second month it is up and running, successfully and with high rewards.
- We presented the roadmap for VIPER: the new COTI Pay wallet that will include a revamped design for our MainNet wallet, iOS/Android native app, Multi-Asset support (including BTC and Stable Coins), full Staking 2.0 console, Interoperability Bridge integration, Optimized Fiat On Ramp, 1-click payments, easy Send/Receive, DeFi support and Virtual Debit Card.
- We also presented Trustchain 2.0 plan: our fortified network to support our extensive growth.
- We added 3 nodes into the MainNet (Constellation Node, Veru Node, and Carpathian Node) and we are adding a new one that will go live tomorrow, July 1st, 2020: GeordieR Node.
- We are now available on Atomic Wallet.
- COVID-19 didn’t stop us as we secured our runway and fortified our existing merchants’ activity.
- COTI’s activity and network processing volume continued to grow with May being a record month so far with over $7M in processing volume, representing 40% growth from April. June is going to be even bigger, but we’ll get to that soon…
WC
Nice, one last one before we get into the crux of it, what’s the current monthly merchant processing volume on the network and what were last month’s staking rewards?
SBG
We are topping $8M in June of online transactions by merchants, which is about 15% growth from May, which was 40% growth from April. We are seeing tremendous growth on all fronts, credit card processing and digital processing alike. This growth is driven mostly by new merchants that have finished on-boarding with us recently and have started processing. The new merchants come mostly from the gaming space, which is a great opportunity as we can introduce Blockchain Dollars to them now that are ready to launch and take even a bigger share of their processing.
As node operators and stakers are part of this process and they take their fee from the transaction, they are rewarded from our growth. This is not like it is on dPOS and inflation, this is the real deal. Our stakers made between 28% and 43% last month, even though we increased our staking volume on a multiple of 10!
Another opportunity with new merchants is that, by definition, they hold an impressive balance in stable coins. These stable coins are created after users have used their credit cards to pay the merchant, and this was facilitated by processing the credit cards and creating a new balance in stable coins. So, new fiat flowing to the space and stable coins are created. Now, we believe a lot of these merchants will be very interested in using their stable coins balance to get interest.
This is great news to the DeFi space as this is millions of USD flowing into the space every month.
So, I’m quite happy with the growth of merchant’s processing volume, which is the basis for everything, as it leads to increase in demand for COTI, increase in rewards for stakers and new opportunities for DeFi products.
WC
You know Shahaf, each time we speak to you, this processed volume figure seems to be growing…which is great, and seems to be demonstrated in the returns for node runners and stakers, BUT, it seems the only way we can actually verify this information is based off some community members scraping data from the COTI explorer and collating it themselves.
Why does the community have to come up with such a solution to be able to verify your claims? If everything is on the level at your end, why are you not pushing this data yourself? Or providing the community with an endpoint they can query for this data?
SBG
The data of course exists on the explorer and we’ll provide a summary every month’s end. We were hoping to surprise our followers in a few days by letting them know June is yet another record breaking month with over $8M in processing volume, but this AMA is actually a better outlet to let everyone know :-)
And actually, we love it that the community is building tools and hacks around COTI. That’s great engagement and we love to see how creative the community is getting.
Per your request, we’ll build an end-point with the merchant’s processing data.
Are you up to building something around it, Mr. Wolf?
BLOCKCHAIN DOLLARS
WC
Umm…maybe…
Anyways, this AMA obviously has a specific intent, and as advertised, we’ll be talking a fair bit about COTI’s Blockchain Dollars product release along with a bit more details on some of the other roadmap items you’ve recently released,
For reference these are the recently released roadmaps for COTI —
COTI Product Roadmap
COTI Blockchain/Network Roadmap
WC
To start off with let’s do the product stuff first before the network, as that’s what most are here for!
So, Blockchain Dollars, what is it, why did you build it and how does this product make the COTI network better?
SBG
Blockchain Dollars is a wallet and payment system, using FIAT and stable coins, that allows gaming merchants to accept stable coins as a form of payment based on a white-label version of COTI’s payment infrastructure.
We have tailored a solution for the online gaming market as it is a massive global industry, with an annual turnover of over $50B USD. Online casinos are considered high-risk merchants by all of the credit card networks, despite being fully regulated and compliant. This leads to numerous issues with accepting credit cards, restricting the merchants’ ability to maximize their revenue, while incurring high fees and limiting access both to and for consumers.
The high risk space is perfectly ripe for cryptocurrencies. We expect more gaming merchants to accept Blockchain Dollars after the initial product launch, greatly growing revenue past through our network.
Blockchain Dollars is making the COTI network better since all fees are paid with COTI coins, growing the demand in the open market for COTI’s native coin.
Additionally, transactions are mirrored to the Trustchain, generating extra fees for stakers and node operators.
WC
Ok, it might be a good idea at this point that we actually see what you’re talking about before we get to more questions on it…
So, what have you got for us?
SBG
OK, so we’ll show it in two different ways, so you can choose what works for you best!
Here is a link to the wallet interactive demo —
And a link to the merchant quick checkout demo —
And… one can not be serious without a GIF, so here’s one —
WC
While we let everyone have a look through these, its a good time to ask you to explain the logic of designing the product in the way you did?
Both look/feel and process?
SBG
The leading idea in development was to cater to both a consumer and a merchant that are not crypto oriented. The magic is that the user will be able to buy, hold and transfer his first cryptocurrency without the complications and pains that sometimes comes with it… if we get that right, we increase adoption.
We have designed a slick custodian wallet with intuitive UI so that users that have no experience with cryptocurrencies will be able to use it with ease.
For the merchant side, we have created an API that allows any gaming merchant to integrate their existing technology with Blockchain Dollars easily. These merchants have legacy systems in place that everyone is using and we have integrated into that. We also have our merchant tools, including our merchant CRM, and fiat off ramp.
WC
What makes Casinos/Online gaming such an attractive niche for a product like Blockchain Dollars?
Like explain it to me from the user and merchant end, how does each one potentially benefit from the use of this product?
SBG
As mentioned, the gaming market is a massive global industry, with an annual turnover of over $50B USD. Online casinos are considered high-risk merchants by all of the credit card networks, despite being fully regulated and compliant. This leads to numerous issues with accepting credit cards, restricting the merchants’ ability to maximize their revenue, while incurring high fees and limiting access both to and for consumers.
With Blockchain Dollars, the casinos gain a few advantages over what they have today: they save on their fees for once, but they also have the ability to process revenue from a user which was unreachable before, since they couldn’t process his credit card. It’s easier for the casino to accept a crypto currency and be disconnected from the bank rather than accepting Fiat and adhere to all banking issues. It improves their profit margins and increases their reach. So, with us, they improve both their top line and their bottom line.
Also, historically, this industry is pretty innovative with trying new solutions and products.
The high risk space is perfectly ripe for crypto currencies.
For the consumer, it may be his only option to play in the casino, as his bank will ban gaming categorically. I don’t mean where it’s illegal, which is understood, but where the bank decides that they don’t want to deal with it..
WC
This seems like a good time to ask, who will be using Blockchain Dollars?
SBG
The day Blockchain Dollars will process the first dollar with the casino will be the first day we give out the casino name.
We want to be respectful with our partners and honor them with the ability to announce new systems after they launch and not before.
I’m happy to say that we are in final integration phases with them and we are literally in their sandbox (testing environment) as we speak. Won’t be long now.
It’s ready and good to start processing Blockchain Dollars!
WC
Is Blockchain Dollars just for online casinos or also for physical casinos?
SBG
It’s just online for now.
WC
What is the expectation when it comes to processing volume this particular product/merchant will push across the COTI network?
SBG
I expect them to gradually do more than $1M USD / month with us on this specific brand. They have other brands in their groups so that’s the next stop.
We have integrated to a few legacy systems that the gaming industry has, so that paves the way to a quick integration with the next partners.
WC
Can you explain what this API integration is re gaming platforms?
I assume this will be a big part of the adoption of the product, how easily other casinos can plug into it…
SBG
The API will provide a simple API framework which can be integrated to the gaming platform on their existing cashier checkout page as an additional payment option. The flow of payment consists of a quick checkout flow which is very similar to their existing experience.
All payment status between the gaming platform and COTI solution will be using IPN’s and webhooks and no integration to the MainNet infrastructure and transaction is needed from the merchants’ side.
What it means, for non-techies reading this, is that the next gaming merchant adopting Blockchain dollars can do that pretty fast, as we have already done most of the heavy lifting. When merchants know that integration is fast, it’s easier to kick off processes and start collecting revenue faster.
WC
So similar question, what’s an ORO?
SBG
ORO (On-Ramp Optimization) is a unique optimization and cascading engine built for integration with onramp providers and using a unified framework for integration while extending the liquidity and conversion they provide when a user wishes to pay fiat to get crypto.
For the gaming platform the interface exposed is similar to the one used by: Skrill and Neneteller. We have put a lot of learning into the system using machine learning and business development efforts so that we’ll have the best solution to onboard new users, from the Fiat world, and introduce them to crypto.
WC
So if I understand this correctly, ORO is both part of the Blockchain Dollars product and also a stand alone product in itself?
Like its a module that you can add into anything else you build that has a fiat onramp process?
SBG
You are spot on! It’s a new engine that is going to be implemented in all of our products, including the up-coming COTI-X.
We are also in discussions with some exchanges that want to use ORO. Optimizing fiat in-flows is quite an important thing for mass adoption of crypto currencies.
WC
I mean that sounds cool and a good idea and all, but what happens when a transaction is processed by one of the other payment gateways you have set up?
Does this bypass the COTI process and as such, do users and COTI then not earn fees on the transaction?
SBG
No, it doesn’t bypass our process at all. ORO deals with Fiat On Ramp, which is being commoditized these days. We are adding a lot of value afterwards, so no matter what on-ramp we have used, COTI will be used afterwards.
WC
How much cheaper is COTI compared to other processors the online casinos already use?
SBG
It’s not always cheaper (but does tend to be 25%-50% cheaper), but it does allow to process where they couldn’t before.
So that’s like 100% cheaper as they would have lost the revenue otherwise…
WC
How quickly can you onboard merchants currently?
Is it a smooth process? Or does it take days/weeks/months?
SBG
Now that the API is ready, I’d say about 3 weeks from A to Z.
WC
You said earlier that all fees on Blockchain Dollars would be paid in COTI coins, but after watching that video, I can see that you’re promoting that “all transactions between registered users are free of charge”.
Can you tell me where the fee component using the COTI coin comes into the Blockchain Dollars process?
SBG
The fees are paid by merchants, not users. So, if a user is sending funds to another user, it’s free as it’s a custodian network. If a user is sending funds to a merchant, however, then the merchant pays his fees with COTI, which are 2%-5%.
WC
Define a “registered user”?
On a similar note, do you have to KYC to use Blockchain Dollars?
Registered users are those who have opened an account with Blockchain Dollars. KYC is dependent on the deposit size. Over a set amount (usually around $250), the user is required to do a KYC, but not when they open the wallet. This is, of course, different to the COTI network where you have to do KYC once you open the wallet.
WC
So explain to me if I’ve got this right after going through those demos…
A user of the casino wants to deposit money onto the casino, however for whatever reason, they can’t or do want to do so via any other payment method.
So they then register for a Blockchain Dollars account and add in their credit card details. This then allows them to purchase USDT or USDC using their credit card.
The user can now send this to the casino and be credited an equivalent USD amount on the casino?
SBG
Yes, exactly that. We have simplified this process a lot and have optimized the fiat on-ramp so it’ll have a maximal success rate in onboarding users and having a successful transaction with the merchant.
WC
If that’s the case, can I ask what the deal is with Blockchain Dollars from the Merchants end. How do they redeem Blockchain Dollars for cash?
SBG
We have built an off-ramp integration and merchants can either take deposit to their bank account in 35 different currencies OR hold to get interest through DeFi partnerships we have in place, which is always the preferred way.
WC
What are the minimum and maximum amounts that can be purchased of both stable coins a using the gateway?
SBG
The minimum is $20. The maximum is a substantial amount. We have several providers, and a user can aggregate a few, to reach more than $100K a month.
This is much more than required in the gaming space per user.
COTI “VIPER”
WC
On to the next part of the show and tell hey? We’ve been promised a preview of COTI VIPER (the COTI Pay v1.0 app).
What have you got for us?
SBG
VIPER it is…here’s another preview for what’s coming —
WC
Wow a send from feature 🙏🙏 We’re getting fancy now!
It’s nice the Bridge is now built into the app…
They say a picture tells a thousands words…but, why don’t you summarise what we’re seeing here for me?
SBG
Here’s what you’ll get with COTI PAY (VIPER v1.0)
- Staking 2.0 — dashboard with all the info you need.
- Interoperability Bridge — convert between Trustchain <> Ethereum <> BEP2.
- Send/Receive — we made it easy to send and receive crypto. You could send a text message to a friend, asking him for some funds, and by clicking on it it’ll automatically open his COTI Pay, create the transfer and ask you to approve it.
If you don’t have a COTI Pay wallet yet, the message will redirect you to download one, increasing our viral effect. - This feature is super handy for merchants sending payment requests. This is 1-click payment, like we have on PayPal, but for crypto.
- COTI-X — our optimized Fiat On-Ramp, so you could use your credit card to top up your crypto balance. We are using ORO, our optimization engine for that.
- Multiple assets — COTI Pay will allow you to hold and pay with more than just COTI.
- Earn — DeFi/CeFi partnerships to easily use your balance to gain interest or lend.
- Virtual Debit Card — a card to use to spend your crypto wherever merchants don’t accept crypto but do process credit cards.
And of course, all of it will be available both for desktop and mobile, and as a native app for iOS and Android.
ADDITIONAL ROADMAP ITEMS
WC
We haven’t spoken on COTI-X tonight and I see it staring me down on your roadmap.
What’s the deal with COTI-X?
SBG
COTI-X will be our optimized Fiat On-Ramp, using the ORO system. It’s going to launch as a standalone website AND be integrated to the wallet.
It should be the easiest way to buy crypto with a credit card.
WC
Why is COTI-X now stand alone?
SBG
It will increase our reach. COTI-X can be used by anyone with a credit card that wants to buy crypto. The system will optimize for the best provider and with the lowest rates.
WC
Is the VIPER upgrade what enables the 1-click payments feature that recently appeared on the roadmap?
Can you explain how 1-click payments will function in practice?
SBG
Yes, Instead of the cumbersome system that everybody is using today, that includes scanning a QR code from your mobile, we’ll implement a system that is more like “PayPal Touch”.
Meaning, once you click on a payment button at a merchant website, your COTI Pay Cobra wallet will fire up automatically, allowing you to approve the purchase and finalize it with one click. This sort of flow is widely accepted outside of crypto and we believe that consumers prefer it, giving us an advantage in terms of adoption by the masses.
WC
So how does the 1-click pay stuff work technically?
How does it integrate to merchants etc?
SBG
Yes, merchants will need to add a Pay button at their existing shopping portal which will use our integration code (Or use our SDK for API integration).
Once the Merchant integrates with our platform (integration is straightforward and very similar to adding a PayPal button at the cashier).
Once the user will click on the pay with crypto currency button he will be redirected to the payment page on which a user will need to login in order to approve his payment.
After a successful payment the IPN and payment status is returned to the merchant website.
COTI TECH ROADMAP
WC
I’m dying to ask, what makes a mainnet 2.0 instead of 1.0?
The marketing team or the tech team? Haha!
SBG
The marketing team gives the names, the Tech team gives it substance.
But, since you have asked, the Mainnet 2.0 will allow COTI Trustchain to upscale its network from distributed ledger to full pBFT network without any centralized entities which define and set the consensus of the ledger. We have been researching and in MainNet 2.0 will be developing new ways to scale up our DAG synchronization and validation process as well as implement our pBFT consensus.
The improvements to the DAG attachment and validation process will ensure synchronization between nodes is done faster and will reduce the size of each transaction in the network while pBFT will guarantee the strong consistency of our network.
WC
We might drag the mad scientist known as Dr Nir back into the conversation at this point…
Let’s quickly explain what consensus is and how it relates to the blockchain so we can understand what mainnet 2.0 is for COTI?
NH
Consensus mechanisms are protocols that make sure all nodes (servers on the blockchain that maintains the blockchain and (sometimes) processes transactions) are synchronised with each other and agree on which transactions are legitimate and are added to the blockchain. A consensus algorithm allows network participants to arrive at a common decision. In the context of a cryptocurrency blockchain, nodes use consensus mechanisms to ensure that newly added transactions are legitimate and follow the rules of the network.
A consensus mechanism is a fault-tolerant mechanism that is used in computer and blockchain systems to achieve the necessary agreement on a single data value or a single state of the network among distributed processes or multi-agent systems. These consensus mechanisms are crucial for a blockchain in order to function correctly. They make sure everyone uses the same blockchain. Everyone can submit things to be added to the blockchain, so it’s necessary that all transactions are constantly checked and that the blockchain is constantly audited by all nodes.
The problem with most blockchain consensus mechanisms is that unlike other pieces of technology, the more the number of nodes increases in a cryptocurrency network, the slower the whole process becomes. Consensus happens in a linear manner, meaning, suppose there are 3 nodes A, B and C. For consensus to occur, first A would do the calculations and verify and then B will do the same and then C. However, if there is a new node in the system called “D”, that would add one more node to the consensus system, which will increase the overall time period. As cryptocurrencies have become more popular, the transaction times have gotten slower.
WC
Gotcha, so I guess this makes it hard to scale up nodes quickly?
And what sort of consensus are you running on the COTI network right now?
NH
At the current stage, COTI have two consensus mechanisms —
- TCC (Trust Chain consensus). It is a PoT-based threshold to allow transactions to be added to the DAG. Doing TCC, a Full Node provides proof that a transaction can be further processed, but it is not a decision that the transaction is acceptable (not double spending).
- DSP (double spending protection) consensus, unlike TCC, is BFT-family consensus. This consensus is done by DSP nodes (not Full Nodes), working as validators.
At the current stage:
- a simple variant of BFT is implemented, current DSP consensus includes only voting,
- no “view change” and leader election at this stage, PBFT “garbage collection” is implemented as a Clusterstamp process and fully-functional History Nodes.
DSP nodes use ECDSA for signing votes.
- There are two main options of consensus setup: N2+1 majority and 2N3+1 majority (where N is the number of nodes). Using 2N3+1 supermajority is recommended for PBFT, but for the current consensus implementation and number of DSP nodes it is excessive, for this reason we use simple N2+1 majority.
WC
So once pBFT is introduced to the Trustchain, there will no longer be PoT or DSP consensus and instead they’ll be included within pBFT as a whole?
NH
DSP consensus will be based on pBFT protocol and will allow us to reach the consensus between DSP nodes.
The PoT which is part of the Full node consensus will still be applied as part of the transaction attachment to the DAG.
WC
For reference, what other networks are using pBFT consensus models?
NH
There are several adaptations to pBFT which are used for example by EOS to leverage pBFT to simultaneously work with the block validation and creation in DPoS and by reducing the time required for a round of consensus. Stellar is also using their own FBA (Federated Byzantine Agreement) protocol, in which nodes can choose the federation they trust to conduct the consensus process and libra is also aiming to use pBFT as part of its implementation.
WC
So is the fact only a few have done what you’re trying to do mean that its a really hard thing to do? Or just not a good idea?
I only say not a good idea cause of EOS haha!
NH
It is hard to do and it really depends on the implementation and usage you apply for it. It is not good for all.
WC
So what makes it good for COTI?
NH
Once we implement and deploy our pBFT consensus it will allow us to punish double spending attempts in a correct and decentralized manner. In COTI, Full Nodes are responsible to check if the transaction is valid. Full Nodes have all the needed data to check if the transaction is valid or if it is double spending, for this reason an incorrect transaction passed to DSP nodes indicates that the Full Node is faulty or malicious. Having pBFT consensus on it, DSP nodes can punish such Full Nodes by sending DOUBLE_SPENDING events to Trust Score nodes, which decreases the Full Node Trust score, triggering a malicious node identification and prevention of any malicious activity in the network.
The important thing about implementing pBFT is that it guarantees nodes maintain a common state and take a consistent action in each round of consensus. pBFT achieves the goal of strong consistency, thus it is an absolute-finality consensus protocol.
WC
Why is this all a big deal for you?
NH
In MainNet 2.0 COTI will introduce our unique PBFT solution. The PBFT is a way for a distributed network to reach the consensus set for the Blockchain even if some nodes are malicious. In any distributed network, for a transaction to be approved, a certain number of nodes must agree to this. PBFT is the feature of the application to approve the transactions even if some nodes are not approving the transaction.
At the DSP-BFT stage, we plan to implement one of the PBFT-like consensus variants in full.
This stage includes:
- “view changes” or similar mechanism
- leader election
- “fast path” for processing most transactions
As for DAG implementations, there is currently no DAG base pBFT employed by any other network. There are several pBFT adaptations as I noted before which employ pBFT such as: Zilliqa which use pBFT in combination with PoW consensus, Hyperledger Fabric — which uses permissioned version of pBFT and Tendermint which uses pBFT + DPoS(Delegated Proof-of-Stake).
COTI & DEFI
WC
So past the tech stuff, it would be remiss of me not to ask about COTI and DeFi, since DeFi so hot right now…
Give me your best COTI/DeFi shill please…
SBG
Aa a payment system, COTI is in a unique position to bring new revenue to the DeFi space. We stand at the gate, converting FIAT to crypto, for merchants. We are already in place, we already facilitate the process, as something that is a must for merchants.
We are then privileged to be able to offer merchants a unique offer they weren’t offered before: hold your balance to gain a lucrative interest. They don’t get that interest with fiat on their debit accounts, not even close!
New users flowing, merchants balance growing, extra interest is gained and the cycle will grow more and more.
The basis for all of that is our wallet, COTI Pay, with its white labeled versions like Blockchain Dollars for example.
We have the entire system in place and we start with interests and loans to merchants and consumers through our partnership with Celsius.
WC
To be fair, Celsius is more CeFi than DeFi…
Do you have any plans on adding additional finance options to COTI Pay, like Compound Finance or Curve Finance?
SBG
We start off with interest and loans that are offered to merchants and it makes more sense to use a CeFi option for them initially, which carries far less risk and time of integration.
Once finance becomes available for ordinary users, we’ll implement some DeFi finance options for them, with a view to if that is successful, merchants could choose between finance options, being aware of the additional risk proper defi lending/borrowing solutions entail.
We could even make a DeFi marketplace of it…
WC
So are we’re coming up on two hours now, I might look to wrap this up, a couple of closing questions before we go though…
Can you explain the logic behind the naming conventions you’ve used in these latest roadmaps?
SBG
We didn’t use to have a naming convention, just “dry” version numbers. We thought it made sense that when we make leaps in development, we’ll give it a name (kinda like Google and others are doing it). How do we pick the names? It’s easy, I pick them!
Bee and Ant for the DAG makes sense as it relates to organization and scale.
VIPER, COBRA, EAGLE and FALCON — you’ll have to dig into my past to figure these ones out :)
WC
There are some things I am happy not to know…
To close this off, what’s on the near horizon for COTI, past all we’ve already discussed….
SBG
This Thursday Cardano is hosting us to talk about ADA Pay in their summit, you are welcome to join —
In terms of big things, we continue to explore liquidity venues for COTI in specific jurisdictions, like we did with Indodax that worked pretty well.
I think one of the biggest things that are coming is that COTI will become part of quite a unique “club” where only really top currencies are part of now, being approved to be bought directly through a credit card. This is in the works but if it works, it adds amazing liquidity to COTI while making us available in a lot of major platforms. I hope this will become a reality because it’s huge.
CLOSING THOUGHTS
WC
As always, been a pleasure guys, looking forward to seeing some of these products out in the wild…and finding out what this damn casino name is…
SBG
You bet!
NH
Thanks for hosting us.
OM
Thank you all!
COTI Resources
Website: https://coti.io
Telegram: https://t.me/COTInetwork
Medium: https://medium.com/@COTInetwork
Github: https://github.com/coti-io
Technical Whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf
COTI Pay Overview: https://coti.io/files/COTI-Pay-Overview.pdf
COTI Token Economy: https://coti.io/files/COTI-Token-Economy-2019.pdf
Wolf Crypto Resources
Public Group: https://t.me/WolfCryptoPub
News Channel: https://t.me/WolfCryptoAnnounce
Twitter: https://twitter.com/WolfCryptoGroup
