COTI V2 Developer Network Goes Live, Unveils Privacy-Centric Possibilities

Web3 infrastructure developer COTI has unveiled a developer network ahead of its upcoming launch of its Ethereum-based layer 2 network COTI V2.

According to a press release sent to CryptoPotatothe COTI V2 developer network was launched, bringing a new layer of secrecy and advanced obfuscation protocols to the blockchain.

COTI V2 Devnet launch

The developer network will enable market participants to explore many web3 use cases, including confidential decentralized finance (DeFi), on-chain sensitive data management, confidential machine learning and artificial intelligence, dynamic decentralized identification, and confidential transactions for payments, stablecoins, and real currencies. -The origins of the world.

The COTI V2 development network provides several tools for development teams, including a Python SDK, a gas cap tap for on-chain activity, a NodeJS SDK, server access, comprehensive documentation, and an explorer for on-chain analytics.

COTI designed the network to enable new smart contract experiences with COTI V2. The web3 infrastructure development company claims that developers can use the network to build one of the best technologies within multi-party computation for securing private information.

COTI unveils $52 million grant program for developers

To incentivize developers to build on devnet, the COTI Foundation has unveiled a new grant program to reward developers for their contributions. The foundation has allocated 400 million COTI, worth approximately $52 million at current prices, from the existing token supply as it looks to incentivize groups to explore new use cases and the range of opportunities that the privacy-focused web3 ecosystem can provide.

COTI has named the grant the ABC Growth Fund for ambassadors, builders and innovators on the development network. The program is seeking applications from innovative builders, developers, and researchers interested in testing the limits of the COTI ecosystem's capacity.

“We are opening our doors to the world with the COTI V2 Developer Network, and through our Builders Program, we are inviting teams around the world to participate in the COTI V2 Developer Network and share what you are building,” said Shahav Bar Geffen, CEO of COTI. We have to build new things, make new partners, and grow the COTI network.

COTI initiated the ABC Growth Fund's Build Program, which has a four-tier structure in order to have a bottom-up impact on the ecosystem. Developers interested in the program are asked to submit their applications to create proofs of concept (POCs) for privacy-preserving smart contracts, tools, and products.