COTI's weekly increase reached 129.2%, analysts say it is related to its integrated enhanced privacy feature, Garbled Circuits
2024/02/26 13:51
Data shows that COTI is currently priced at $0.252, with a 24-hour increase of 26.8% and a weekly increase of 129.2%. Analysts say the rise in coin price is related to the recent integration of enhanced privacy feature Garbled Circuits into the COTI chain. Recently, the COTI Foundation announced a breakthrough in
blockchain encryption, overcoming previous obstacles. COTI claims its computation speed is 1000 times faster than traditional Fully Homomorphic Encryption (FHE) systems and its storage space is 250 times smaller than alternative solutions.
In addition, unlike Zero-Knowledge (ZK) solutions, Garbled Circuits offer advantages for handling private state transactions affecting multiple parties while mitigating single-point failure risks associated with Trusted Execution Environment (TEE) solutions. According to the foundation, Garbled Circuits have the speed and computational power to run efficiently on-chain, making it one of the preferred choices for COTI V2's privacy protection solution.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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