COTI V2 Mainnet Upgrade
COTI V2 is undergoing a Mainnet upgrade hosted by the COTI Foundation. The upgrade is planned for 17 September 2025. It introduces COTI V2, a new protocol version that transitions the network from its previous structure to an Ethereum Layer-2 (L2) chain, implementing advanced privacy and computation enhancements (notably using garbled circuits) to strengthen security, scalability, and confidentiality. The upgrade involves a network pause (brief) but users are required to take no action.Recent News:In March 2025, COTI launched its V2 mainnet, marking the shift from its original DAG-based L1 protocol to a privacy-focused, EVM-compatible L2 chain. The team has rolled out a V2 token upgrade guide: holders of V1 COTI (native, ERC-20, etc.) can swap 1:1 to V2 via the COTI Bridge; exchanges are being coordinated; VIPER wallet interacts with the upgrade flow. An ongoing V2 airdrop campaign has been active since March 2024 for eligible users (especially Treasury users), recently increased to a total campaign rewards pool of 55 million COTI tokens.Future Plans:Post-upgrade, the focus will shift toward expanding the utility of the new network: more dApps deploying, increased builder activity, and use cases leveraging confidential computing.Governance mechanisms around the new token economics (e.g. how transaction fees are handled, inflation/deflation possibilities, role of gCOTI holders, and the Treasury) will be further developed.Community Sentiment:Mixed-Positive — the community appears generally supportive and optimistic about the upgrade’s promise of enhanced privacy, better scalability, and EVM compatibility; some caution expressed over risks inherent in protocol upgrades and the transition (esp. around bridges, contracts, and unseen bugs).Sample reactions:“No action needed for users” — many users express relief at that.“Upgrade introduces key protocol improvements to strengthen security and stability of the COTI network” — quoted from official announcement, seen as confidence-booster.Some users have asked about the bridge from V1 to V2 and how token visibility works in wallets (indicating concern). [No direct quote from these, but present in FAQs/discussions]Risk Disclaimer:Protocol upgrades have the potential to impact token utility and value, either positively (via better performance, enhanced features) or negatively (bugs, migration issues, user error). Users should verify bridge steps, monitor announcements from exchanges, & use caution during the transition period.Additional Insights:COTI’s choice of garbled circuits (vs zero-knowledge proofs or fully homomorphic encryption) places it among a smaller set of privacy approaches, with trade-offs in complexity, verification, and performance. Observers note this could differentiate COTI in the privacy-focused L2 space.The economic model of V2 seems designed to balance inflation with incentives, but exact numbers (e.g. post-year 1 inflation, fee burn vs rewards) will matter a lot for long-term token holders.The smoothness of the bridge and user experience (wallet visibility, DApp compatibility) will be critical for adoption; friction there could erode confidence.
COTI
September 17
