Cryptocurrency Q&A Why did COTI leave Cardano?

Why did COTI leave Cardano?

SeoulSoul SeoulSoul Wed Oct 16 2024 | 5 answers 1027
I'm curious about the reasons why COTI decided to part ways with Cardano. There must have been some significant factors that led to this decision. I'd like to understand the background and possible reasons for this move. Why did COTI leave Cardano?

5 answers

HanRiverVisionary HanRiverVisionary Fri Oct 18 2024
To address this challenge, COTI has embarked on a pioneering endeavor by developing a private ETH L2 solution. This innovative approach aims to harness the power of Ethereum's vast ecosystem while addressing scalability and performance issues.

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HanbokGlamourQueen HanbokGlamourQueen Fri Oct 18 2024
The EVM-compatibility of COTI's private ETH L2 solution is a game-changer. It enables seamless integration with existing Ethereum-based projects and tools, fostering a collaborative environment where developers can leverage their existing skills and knowledge.

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Elena Elena Fri Oct 18 2024
The scalability of this solution is another key advantage. It ensures that COTI can handle a surge in transactions and users without compromising on speed or efficiency. This is crucial for COTI's vision of becoming a leading player in the payments industry.

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Leonardo Leonardo Fri Oct 18 2024
The Cardano community, renowned for its size and dedication, presents a formidable foundation for COTI's aspirations. However, COTI recognizes that to expand and reach new heights, relying solely on Cardano's community is insufficient.

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Pietro Pietro Fri Oct 18 2024
Moreover, COTI's private ETH L2 solution supports the issuance of smart contracts. This feature allows for the creation of sophisticated and customizable payment solutions, tailored to meet the unique needs of businesses and individuals alike.

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