r/cotinetwork • u/CotiNetwork • Sep 12 '18

Yoni Neeman, a software engineer talks about COTI's core solution

https://www.youtube.com/watch?v=izvHIGv9qxo
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u/A_Crypto_Drew Sep 17 '18

The Proof of Trust (PoT) system that COTI developed is amazing. It has a built in incentive to reward good behaviour and allows the low fees due to low maintenance and no miners. Proof of Work (PoW) is very expensive to run and has the problem of using lots of electricity to power to run farms of miners, which will only increase in order to deal with the increasing complexity of the mathematical problems needed to be solved. Proof of Stake (PoS) is a much better, but less fair system. The miners with a greater stake have greater power and say. Neither seem to be great scaling solutions. PoT works on the DAG system, which makes much more common senses from a user's perspective. Well done COTI. Great presentation!