August has flown by! We’ve had our heads down, building out COTI’s tooling for a more streamlined developer experience. Additionally, we’ve been hard at work setting the stage for ecosystem expansion, as we gear up for our upcoming testnet launch. Here’s a recap of the major news, updates, and technical advancements from the past month.
COTI Joins the DeCC Alliance
We are excited to be one of 20 projects forming the Decentralized Confidential Computing Alliance (DeCC). The Alliance aims to promote data protection and confidential computing in the blockchain space. For the first time in Ethereum’s history, practical and easy privacy solutions are available. The work done by COTI, along with other DeCC members, will set a new standard for Web3 applications. See the DeCC press release here. DeCC members include projects like Secret Network, Fhenix, and Zama, whom we will be joining on stage at DeCC Day during Token2049 in Singapore. More details coming soon.
Unlocking Privacy Features with COTI Sandbox and the Data Privacy Framework
This month we progressed the capabilities for private smart contracts on COTI, alongside the Sandbox. The Data Privacy Framework (DPF) allows developers to create private smart contracts with fine-grained access controls. This feature means that developers can program access to reveal sensitive data only to authorized parties. Meanwhile, progress is being made on the COTI Sandbox with the addition of a secure environment for testing privacy features, enabling developers to experiment with encrypted data and smart contract rules including DPF. Read more here.
This month also saw the second of our technical introductions to COTI V2 with Head of R&D Guy Mesika. The session looked at how to get started with COTI V2 including getting a network key, what the technology can offer referencing code examples in Typescript and Python and more. You can watch the session back here. Look out for the next one where you can take part and put your questions directly to our tech team!
Develop and test COTI’s privacy-preserving smart contract capabilities in the Remix IDE
We’re excited to share the upcoming release of our COTI plugin for the popular Remix IDE. Remix is widely recognized as one of the most utilized development environments in the Ethereum ecosystem offering Solidity support and a range of smart contract templates and plugins to accelerate the development lifecycle. Now, the COTI Remix plugin will bring COTI’s privacy-preserving smart contract capabilities to the vast user-base of Remix IDE, estimated to be well over 100,000 developers. Read the full story here.
COTI in the spotlight
COTI has been featured in several publications this month for its active work on the Bank of Israel’s CBDC project, including mentions from Crypto Wisser and U.Today. The crypto press also highlighted COTI’s Garbled Circuits technology, with coverage in CryptoPotato, which published Garbled Circuits 101 as well as a full interview with COTI CEO Shahaf Bar-Geffen. You can watch the interview here for a deep dive into COTI’s mission and forthcoming Layer 2 solution. Additional coverage appeared in Interesting Engineering, which mentioned COTI in relation to the challenges of AI and data privacy, introducing COTI’s programmable and self-regulating privacy as a novel solution.
In case you missed it, we also launched a deposit campaign on KuCoin this month. KuCoin is one of the largest global cryptocurrency exchanges and it currently has $30,000 worth of $COTI up for grabs. The campaign runs until September 14, so there’s still time to get involved. Read more here.
To round off the month, our CEO Shahaf Bar-Geffen represented COTI at the WebX Conference in Tokyo last week, spreading the word about Garbled Circuits and blockchain privacy further afield. Finally, in case you missed it, here is his latest community update — a bi-weekly video address that you can check out on Youtube.
COTI Creators Program Reveals First Creator Cohort
Collaboration is more important than ever in decentralized communities. By bringing together diverse talents from different fields, the Creator Program aims to create a synergy that can propel COTI forwards. This month we were thrilled to reveal four talented individuals and one media company who will help to build momentum behind the COTI brand;
- Stefan (Unity Node)
- Crypto Merlin @Crypto_Merlinn
- Rug Radio @RugRadio
- Ship @Coti_Ship
- Guy
Their contributions span copywriting, graphic design, animation and more. Read the full story here. In addition we have made progress on the Builders Program that aims to nurture talented developers within the community. We have created a pipeline for approvals and moved several applicants to the final stages of the grant approvals process. More on that soon.
DJED’s New Version / 1.2 Launch!
Djed 1.2 went live, featuring major upgrades that COTI and Input | Output had been collaborating on for several months. The update benefits users with cost-efficiency improvements by providing a more flexible fee structure. The core of the update included;
- Lowered minimums for all mint & burn actions
- Switching from a fixed to percentage-based operator fee
- Moving to a more dynamic base fee model based on the protocol ratio
- Migration to Plutus V2, which will bring enhanced interoperability, oracle slippage detection and more
You can read more about the upgrade here or experience the updates directly here djed.xyz
What’s Next?
September is going to be big! Our conference calendar is packed and the launch of our Testnet is just around the corner. Development is going strong on the BoI CBDC project and we’ll soon be releasing details of our design along with a lineup of exciting new partnerships. Join us at our next COTI Connect Spaces to get the inside scoop, and stay locked to our community channels to get all the latest COTI updates as they happen.
For all of our updates and to join the conversation, be sure to check out our channels:
Website: https://coti.io/
X: https://twitter.com/COTInetwork
YouTube: https://www.youtube.com/channel/UCl-2YzhaPnouvBtotKuM4DA
Telegram: https://t.me/COTInetwork
Discord: https://discord.gg/9tq6CP6XrT
GitHub: https://github.com/coti-io
