Coti just made a major upgrade to their tech stack to bring full homomorphic encryption (FHE) to their network transaction. The market responded very positively by 134% in last 24 hours.

I'm not sure the market fully understand what this means, but with a fully diluted market cap of $440M I believe it may still be undervalued significantly because FHE can be used to power AI computation on encrypted data. This is groundbreaking when it comes to private data in healthcare, finance where there are legal barrier to any data scientist to compute prediction on highly sensitive data sets. Most companies do not let anyone remote accessing their data, and the work of outside vendors needs to go through highly stringent NDA and onsite-only work schedule.

Did Coti really pull it off? I'm not sure, typically speaking FHE computation are very very slow which has prevented commercial success in web2 or web3 for that matter. If it truly work, I would expected a fully diluted market cap to be above $30B within a few years.

COTI (COTI) is a cryptocurrency launched in 2019

COTI

[Coti](https://cryptopotato.com/coti-successfully-deploys-garbled-circuits-on-blockchain-ahead-of-v2-launch/) just made a major upgrade to their tech stack to bring full homomorphic encryption (FHE) to their network transaction. The market responded very positively by 134% in last 24 hours. 

I'm not sure the market fully understand what this means, but with a fully diluted market cap of $440M I believe it may still be undervalued significantly because FHE can be used to power AI computation on encrypted data. This is groundbreaking when it comes to private data in healthcare, finance where there are legal barrier to any data scientist to compute prediction on highly sensitive data sets. Most companies do not let anyone remote accessing their data, and the work of outside vendors needs to go through highly stringent NDA and onsite-only work schedule. 

Did Coti really pull it off? I'm not sure, typically speaking FHE computation are very very slow which has prevented commercial success in web2 or web3 for that matter. If it truly work, I would expected a fully diluted market cap to be above $30B within a few years.

Crypto Rookies

Coti launched in 2019, they went through up and downs like most projects, but they are still going. They are another DAG protocol built for managing commercial transactions. They are targeting enterprise primarily, however most companies are currently not in crypto due to the volatility. So, not sure if they will get significant traction anytime soon. In the meantime, we are in a bear market, and chance are they may do well in the next bull run as they did in the last one. They may be undervalued at the moment given the bear market.

The fact that they survived is a good indication of their resilience, I think it's worth taking a deeper look into their economics and technologies. However, there is a lot of competition, and newer projects tend get more traction by over spending on marketing, so sometimes older projects have a hard time standing out of the crowd to get visibility. I'd say if you are a real user of the technology they provide, they are likely to be a safer bet than newer competitors that may not be around in a year.

Coti launched in 2019, they went through up and downs like most projects, but they are still going. They are another DAG protocol built for managing commercial transactions. They are targeting enterprise primarily, however most companies are currently not in crypto due to the volatility. So, not sure if they will get significant traction anytime soon. In the meantime, we are in a bear market, and chance are they may do well in the next bull run as they did in the last one. They may be undervalued at the moment given the bear market. 

The fact that they survived is a good indication of their resilience, I think it's worth taking a deeper look into their economics and technologies. However, there is a lot of competition, and newer projects tend get more traction by over spending on marketing, so sometimes older projects have a hard time standing out of the crowd to get visibility. I'd say if you are a real user of the technology they provide, they are likely to be a safer bet than newer competitors that may not be around in a year.

COTI COTI

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