# **COTI Upgrade: Altcoin Surges 40% as it Transitions to Privacy-Focused Ethereum Layer-2 Blockchain**
COTI, the decentralized payments platform, has experienced a surge of 40% following its successful upgrade to a privacy-centric layer-2 (L2) blockchain on Ethereum.
## A Significant Milestone Achieved: COTI V2 Integrates MPC Protocol
The development team behind COTI has recently announced a major achievement in the form of the successful integration of the Multi-Party Computation (MPC) protocol into COTI V2. The MPC protocol is a revolutionary cryptographic protocol that allows a group of participants to perform computations on their private inputs collaboratively, without compromising the confidentiality of their data. This milestone marks the most ambitious pivot the ecosystem has seen to date, and positions COTI as a privacy-centric L2 solution on Ethereum.
## Market Reaction Sends COTI Soaring
News of the upgrade sent shockwaves through the market, causing COTI to skyrocket from $0.0597 on February 5th to a peak of $0.1067 on February 9th, representing a gain of over 78%. Since then, the cryptocurrency has settled and is currently trading at $0.0999, reflecting a 40% surge in the past 24 hours.
## Mainnet Launch Set for Q4 2024
According to COTI’s website, the launch of the protocol’s mainnet is scheduled for the fourth quarter of 2024. This eagerly anticipated deployment is expected to offer users enhanced privacy features and faster transaction speeds, setting the stage for wider adoption.
## Lighter and Quicker than ZK Solutions
The upgrade was first announced by the COTI Foundation in December, with promises of improved efficiency compared to zero-knowledge (ZK) solutions. The new technology implemented in the upgrade is 10 times faster and lighter than ZK solutions, enabling rapid and secure transactions without compromising user privacy.
## A Game-Changing Infrastructure Upgrade
COTI’s transition to a privacy-centric Ethereum L2 blockchain represents a major leap forward for the project. By implementing the MPC protocol, the project aims to safeguard user data while delivering faster and more seamless transactions. With the recent surge in price and anticipation surrounding the mainnet launch, COTI is positioned for significant growth in the coming years.
*Disclaimer: The information provided in this article is not investment advice. Investors are advised to conduct their own research and due diligence before making any investment decisions in digital assets. The Daily Hodl does not endorse or recommend any specific investments, and all trading activities are conducted at the individual’s own risk.*
Analyst comment
Positive news. The market is expected to continue to react positively to COTI’s upgrade, leading to further growth in the short term. The mainnet launch in Q4 2024 may fuel additional adoption and drive long-term growth.
