During the last week, the COTI research and development team built upon the progress made in the last months and has been working full-force to implement the COTI alpha net.
- We have made some modifications to the ITSA (Initial Trust Score) to make our algorithm consistent with the agreed upon list of parameters and to make it more applicable to merchants.
- We have defined the first version of the TrustScore API, which handles communications between the TrustScore Server, Full Nodes, and wallets. The first release of our ITSA/ITSU frontend interface is now internally available.
- We continued modeling research for the ITSU update in the following ways:
- Finding and collecting data from real payment systems in order to run simulations with it.
- Defining the ideal parameters for ITSU real time adjustments.
- Exploring efficient ways to optimize the algorithm.
- Optimizing the algorithm ML and weights.
- Modifying the resulting TS distribution to correlate with our consensus algorithm.
- Development on our first release of TrustScore nodes is currently running in full mode. We have made significant progress towards proving how Trust Score (TS) nodes calculate Trust Scores. We are currently developing the TS Nodes in a way that will enable us to prove how TS nodes can compute the Trust Score of a user from the last Clusterstamp. In this way, any user can query his or her TS and receive proof on how it was calculated from the TS node.
- If the various queried TS nodes produce different TS results, it will be easy to verify which one is correct as the proof with the longest calculation will be the correct one. False transactions not included in the Cluster, or incorrect parameter changes (not on the ledger system) will also be identifiable.
- We continued intensive work into our first merchant integration solution. The solution consists of our first frontend web application, the COTI wallet, and a backend COTI layer, which will serve both the wallet application and third party API calls from merchant backend servers.
- Our research and development team continued work towards finalizing the first iteration of the COTI base protocol. There has been a great deal of alpha net development progress and more to come in the upcoming weeks.
Our limited community pre-sale registration starts May 21 at 7 AM (UTC). The full details will be out in our newsletter and in the COTI Telegram group. Be sure to spread the word to your circles.
