Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Small-cap altcoins surged more than 40% in 24 hours amid efforts to transition to privacy-focused Ethereum layer-2.
ALTCOIN NEWS

Small-cap altcoins surged more than 40% in 24 hours amid efforts to transition to privacy-focused Ethereum layer-2.

By Crypto FlexsFebruary 11, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Small-cap altcoins surged more than 40% in 24 hours amid efforts to transition to privacy-focused Ethereum layer-2.
Share
Facebook Twitter LinkedIn Pinterest Email

The small-cap altcoin is soaring 40% as it upgrades to the privacy-focused Ethereum (ETH) Layer 2 (L2) blockchain.

In a recent article, the development team at decentralized payments platform Coti (COTI) revealed that they had successfully upgraded the project to become a privacy-centric layer 2 (L2) for the second-largest digital asset by market capitalization.

“Upgrading COTI to Ethereum’s privacy-centric L2 represents the most ambitious pivot the ecosystem has ever seen…

After months of development, we are pleased to announce that we have achieved an important milestone: the successful design and integration of the COTI V2 Multi-Party Computation (MPC) protocol.

Multi-Party Computation (MPC) is an innovative branch of cryptography that uses cryptographic protocols to allow a group of parties to jointly perform computations without disclosing their private inputs to each other.

“This process is inherently designed to protect the data confidentiality of each participant throughout the computational steps.”

With the update, COTI saw the price of the cryptocurrency asset rise from $0.0597 on February 5 to a high of $0.1067 on February 9, a gain of over 78%. COTI has since stabilized and, at the time of writing, is trading at $0.0999, up about 40% in the last 24 hours.

According to the COTI website, the protocol’s mainnet is expected to launch during the fourth quarter of 2024.

The upgrade was first announced in December. At that time, the COTI Foundation said The point is that updates will be much faster and lighter than zero-knowledge (ZK) solutions, which prove knowledge of specific data without revealing the information.

“In the largest upgrade of our infrastructure to date, we are deploying Ethereum L2 and using new technologies that are 10 times faster and lighter than ZK solutions.”

Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox

Check Price Action

follow us TwitterFacebook, Telegram

Daily Hodl Mix Surfing

Check out the latest news headlines

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created by: Midjourney

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Trump memecoins improve ‘Crypto’google to 3 years high

January 28, 2025

LDO’s potential 250% upside – Thanks, Ethereum?

May 26, 2024

Riot Offers to Acquire Bitfarms for $2.30 Per Share

May 28, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.