COTI to become a multi-token layer after the difficult fork

The difficult fork testnet will occur on August 2nd, and the mainnet launch will certainly be a month later on. The COTI team has revealed in a Medium blog post That it is gearing up for its largest upgrade. The network will undergo a difficult fork testnet in three weeks, with the mainnet launch arranged for a month afterwards.

According to the COTI team, the difficult fork will certainly transition COTI from a single money facilities to a multi-token layer. The team added that during this tough fork, COTI is releasing MultiDAG 2.0. With this modification, also comes a brand-new token standard: CMD (COTI MultiDAG).

COTI stated it has been striving to make its remedy fit the ventures’ requirements, as well as the launch of MultiDAG 2.0 will certainly enable it to do so.

The MultiDAG 2.0 protocol will permit branded business tokens to be generated and also produced in seconds in addition to COTI’Trustchain. The symbols will certainly feature Trustchain features like scalability, high throughput, reduced prices, and smooth repayment applications.

According to its roadmap, COTI said after MultiDAG 2.0 undergoes its Testnet, and Mainnet trial durations, MultiDAG 2.0 will be formally launched by producing a difficult fork deal that will certainly be affixed to DAG and also verified by network consensus.

The adjustment will be followed by the launch of a new token standard: CMD (COTI MultiDAG).

As soon as this happens, brand-new symbols can be created, moved, as well as melted on the Trustchain as long as the utilized Full Node sustains MultiDAG 2.0 method, the group included.

While discussing this most recent development, Shahaf Bar-Geffen, COTI’ rsquo“; s CEO, stated: CMD, the New Token Standard for COTI, stands for the MultiDAG 2.0 launch and also is the most significant turning point for COTI.

By Supporting the issuance of tokens in addition to our method, we are completing our vision in ending up being the business layer 1. Years of effort have actually finished in this game-changing occasion, as well as I can’ t wait to see more business utilizing COTI’ modern technology . Ahead of the tough fork, COTI nodes are required to update their nodes in the next 15 days, up until August 2nd. The difficult fork MultiDAG 2.0 testnet release will certainly be on August 2nd, while the hard fork MultiDAG 2.0 mainnet deployment will happen around one month later.

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