Hassan Maishera
On Wednesday, the Avalanche Foundation announced via X that COTI’s Privacy-on-Demand and Privacy Portal are now live on Avalanche.
Business runs on confidential information; the COTI network helps keep it that way when it moves onchain.
Starting today, applications can use COTI to process sensitive data privately while keeping their assets and contracts on Avalanche. Users can also hold, send, and receive supported assets privately on C-Chain.
Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem. Avalanche is a layer-one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.
This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain, and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely, having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.
AVAX is up 3.5% today and currently trades at $7.54 per coin.
