Coti's MultiDAG 2.0 public mainnet went live on Thursday.
Blockchain protocol Coti announced the successful hard fork event – MultiDAG 2.0 – that aims to transition the ecosystem from a single currency infrastructure to a multi-token network., Coti also revealed the launch of the Mainnet on December 29th, during which Explorer 2.0 was also deployed alongside the Bridge 2.0 wallet app.“This launch signifies a massive step for the crypto industry, as well as COTI, as the MultiDAG 2.
The release is expected to boost Coti’s position to help enterprises by allowing them to launch their own Private Payment Network which includes the issuance of CMD branded payment tokens, issuance of CMD branded loyalty tokens, and more.According to Coti, these new tokens will have the same capabilities as that of the Trustchain in terms of high scalability, security, and throughput, managing the critical requirements of enterprises.
Meanwhile, the new Bridge 2.0 wallet app, which was released alongside the protocol, includes a new refund feature that will enable users to apply for a refund in the event that the swap fails to execute due to technical difficulties or in case of pending processing.The Coti ecosystem is also involved with Cardano-based Djed Stablecoin. In fact, the Blockchain protocol is the official issuer of the over-collateralized algorithmic stablecoin that is expected to hit the mainnet in January 2023.
Despite the past failures of algorithmic stablecoins and the most recent blow-up of TerraUSD , Coti’s co-founder Shahaf Bar-Geffen remained optimistic about the launch.at the Cardano Summit this year, the exec said he expects Djed to serve as this “safe haven” in the Cardano network.
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