Web3 digital infrastructure provider COTI announced plans to launch a layer-2 chain on the Ethereum network that will be focused on adding a privacy layer to its products and services.
According to a statement seen by CryptoPotato, the new protocol, COTI V2, will use a cryptographic technology called Garbled Circuits to enhance privacy while ensuring high speed and scalability.
COTI Unveils Privacy L2 Network
COTI claims Garbled Circuits is ten times more efficient than the Zero-Knowledge protocol, a method used by several layer-2 blockchains on the Ethereum network. COTI’s new protocol will utilize Ethereum’s pre-existing liquidity and security while implementing robust privacy protection for the ecosystem.
The launch of COTI’s new protocol is driven by the lack of privacy and confidentiality on all layers of the public blockchain. The digital infrastructure provider believes the current state of the blockchain ecosystem gives malicious actors enough room to operate and that onl
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