Home Trends UTRUST vs COTI, Who wins? (Coin Royale #26)

UTRUST vs COTI, Who wins? (Coin Royale #26)

by smart

you trust versus cody which one of these two will win well you gotta stick till the end to find out ladies and gentlemen this is candy shop where you find information that you might not be able to find anywhere else obviously not financial advice and these two will go into a fierce battle and i’m going to show you my sources and then give you the conclusion i’m going to go through this quite fast so first of all we look at utrust the uh token sale that they made uh gave them 21 million dollars and in usd they managed to bring a return to investors that held all the way up until now a 3 x return but sadly we look at btc and the return of btc is a negative number sadly and here is the kodi roi and they raised 11 million dollars usually when you raise a little bit uh less money it’s easier to you know give a decent return in in dollar it’s a 2x but in btc it is a negative number and we’re not noobs we look at the btc return and i do see cord and jm9000 in the chat salute to both of you thanks so much for joining and of course i’m going to give you a brief overview of what you trust is so you try to say digital payment blockchain platform that combines features of traditional online payments systems and blockchain technology pretty straightforward payments payments payments so the company streamlines the exchange between merchants and consumers by leveraging the power of blockchain and making payments cheaper faster and safer okay we want the juice give me the juice huh your trust process is all payment all the payments on chain now this could be a potential negative for it um for merchants right imagine amazon’s all the transaction being on chain competitors could see what sells and they don’t need to pay amazon for that data utk is an erc20 token i’m very curious how uh traditional companies will deal with this uh on chain pretty much all the data being on chain we’ll have to see so it’s an erc20 token so we obviously immediately realized first of all it’s in ethereum it has the high fees etc even though it’s trying to fight the high fees right it’s trying to compete against exactly that so some utk is burned every time a transaction happens another feature and this is pretty cool because there’s obviously a limited amount of tokens there’s a fixed supply and thus it’s in theory a deflationary asset in theory it should go up in value obviously oh theory until everyone dumps so you trust his main features so here we see a few things that are very specific now before we actually go into that one of the things that made me realize that i think there’s uh you know um kyc involved know your customer aka giving out your details right very sensitive information is uh just my spider senses so i try to dig a little bit deeper and hold it it talks here about the uh the app so the app hold is the app used by the user right that wants to interact with the merchants and then the merchants have their own site and hold has to comply with the same strangest identity verification check that you expect at banks in order to keep the bad guys out so this is talking about the kyc and there’s more details that you can find the link in the description below so sadly there is indeed a kyc requirement for those of you who’ve been around for a little while we do not like kyc at all at all at all but with that being said we do proceed so uterus main features instant conversion from crypto to fia so this kind of tingled my my senses whenever i see crypto to fiat you already know there’s gonna have to be some kyc otherwise you’re just gonna get sued into oblivion buyer protection system similar to traditional payment rails so how do they do that right this is talking about if you purchase something then you can get your money back so how’s that possible the whole point of crypto is if you send me a bitcoin that’s it i cannot just claim back the you know you cannot just claim back to bitcoin whatever and they have plugins and integration with all major e-commerce platforms so here’s the their edge really so you can you know make payments with crypto uh to any big merchants that’s pretty cool and uh for those of you who are uh watching this in the future this is about the time when rumors about amazon allowing all kinds of cryptos to be accepted so effectively what this platform is doing it’s competing against the world what do i mean by that by that so simply put they’re trying to build a system trying to get users on board sorry merchants on board trying to build a plug-in but guess what btc has the whole world trying to build for it right jack the ceo of twitter is trying to build for it so they’re definitely going uh you know um towards an upward uphill battle so let’s take a look at how it works how this part works right the uh buyer protection so once the purchase is complete the fiat money is held in escrow a contractual agreement uh a contractual agreement and it’s only released after hold a holding period pending a dispute in the transaction so that is um a little bit of a negative so there’s definitely a middleman still and there’s uh you know we’re trying to get rid of all this right so that is obviously a negative but okay we kind of get the gist of what this project is all about so how about coding right so how about kodi where we’re trying to find out which one of these two is the most innovative right so cody or coin of the internet is a decentralized payment protocol so you can see it’s kind of similar so where are the differences here well its mission is to build a highly scalable global payment system so it has a little bit of a more of an ambitious uh approach right and here it’s you know this is btc the proof of work but what these projects always fail to mention is the lightning network and other layer two solutions right so btc is not just btc btc is all the stuff that’s being built on top of btc but they conveniently leave that out that’s how it works right so in the kodi network an innovative algorithm known as trust chain algorithm builds a consensus among the buyer and seller very interesting so what the heck is this trust chain algorithm let’s take a quick look here so the trust the trust score algorithm sounds kind of dystopia to me i got to be honest i don’t know if you guys watch black mirror but kind of sounds like that so this means that transactions created by highly trusted network participants need at least 12 confirmation transactions in the chain while transactions from low trusted network participants need at least 84 confirmed transactions in the chain that is uh very different from what i’m used to so i mean it has even a picture right so it’s literally talking about you know kyc status etc so this stuff goes in and that stuff comes out very uh very strange approach and the kodi networks kyc lm servers so they even have servers dedicated to kyc um you know kyc are squarely tasked with maintaining uh the procedures although they do not store information concerning transactions and wallet so it’s kind of kept apart so these are dedicated to kyc data and the kycs again very sensitive information you can go ahead and google and find out what that entails so in the kodi payment network the trust code node receives data from the kyc server so there are different types of nodes and we’re going to go a little bit deeper here in a second so this um system uses the dag right the direct acyclic uh graph based data structure and to put it simply it simply put um you know someone does a transaction right so if you want to make a transaction you got to verify the previous two transactions okay that’s kind of how that works and i mean it’s pretty straightforward and it’s actually really fast now this type of system so as you can imagine right someone else can come along and you know verify verify these two and then go ahead and create his own and as you can see as you can see it quickly you know becomes a weird mesh of data so usually with these types of system there has to be some sort of centralized form usually there’s an observer whatever else to make sure that all the transactions are correct and sometimes nowadays more and more coming about that don’t need decentralized component and i believe one of the innovators iota is coming up with iota 2.0 which is uh should supposedly become fully decentralized but very curious about that so that is the system they’re using a dag very very interesting because obviously they want to be fast and there are all kinds of different types of notes so there’s a full note right and the full notes are responsible for collecting or transferring the fees to the network pool and uh other things as well right and anyone can become one of these full nodes but they’re more so there’s a double spending prevention note so these are the nodes that prevent double spending right this is necessary in a dag like i showed you that can grow into this monstrosity because normal blockchain you know there’s a link you cannot you know it’s pretty straightforward right whilst with dag it can go any anywhere really and the more nodes participate the quicker the network becomes so it’s kind of the opposite of blockchain not upset but different so uh so there’s a note like that and supposedly anyone can become that and what i uh what i like about this is also because kodi back and they used to be very centralized like completely centralized and it looks like they’re actually slowly uh becoming more and more decentralized so they have this trust score nodes and anyone can run this right so the nodes calculate and store both the truss core and the kyc statuses of the uh participants i mean uh i don’t like seeing that at all guys that’s quite dystopian and gonna be frank but i’m happy to see that they’re moving more and more towards uh decentralization even this uh kyc part so but i do think that the actual nodes that store the kyc i do believe these servers are um centralized completely etcetera but definitely correct me the comments section below but i do believe these are completely centralized and it’s just the the information right um the uh this data is then given to uh these nodes which then uh store the status right these store the kyc statuses so that’s that and then there’s different nodes as well but it is pretty straightforward i think we kind of get the gist of what this is now when i look at the um the github right for the utrust github i sadly couldn’t find anything like there’s not a single repository here that is worthy of mention really and the ones that are have some sort of activity are all all just uh you know forks are just forked from other things so there’s really nothing going on here in the uh uterus github which was kind of disappointing and their telegram group couldn’t even speak in their group so it’s just a viewing group where you view everything so i try to look for the discord couldn’t find that kind of disappointed to be fully honest now the kodi github looks much much better and um yeah it looks much better at least it’s something right so that’s pretty good to see now the token distribution we’re gonna be looking at that as well the team for uterus got 10 percent whilst the uh cody got uh kodi team got 15 that being said let me go ahead and give you my personal opinion and it’s exactly that and opinion okay so let’s take a look here we’re going to be looking at uterus and cote so you trust and cody why are you so small i want to see you sir it just keeps on being small there you go cody so we’re going to be looking at the roi the return on investment we’re also going to be looking at the decentralization okay and we’re going to be looking at the github activity and the token distribution and we’re also going to be looking at the system design okay the system design when we look at the problem how close have they come to actually solving the uh you know bringing about the solution uh there we go so do you know who’s gonna win let’s go ahead and find out so which one of these two has the best roi now like i mentioned the roi is not ideal in fact it is a loss in btc and we look at the btc because obviously you know we want to count things in btc would have been better to hold btco to hold said token so sadly the roi for cody is a 0.5 x whilst for uterus is .8 x both undesirable but you trust is the winner for that metric so very good to see so you trust comes in with the left hook and decentralization now both in my opinion are not decentralized but i do see one moving more and more towards decentralization and uh one of them i see uh you know potentially actually coming up becoming decentralized so i would have to say that uh cody is more decentralized than uterus in my opinion again i don’t think i do think both have centralized components to them you know when you think about uterus it’s technically an erc20 token and anyone can use that right you don’t need to use utrust but the ecosystem of uterus does most definitely have uh centralized components to it right and same for cody but cody i see you know i covered it back in the past and i’m seeing that they’re moving more and more towards decentralization but don’t get me wrong kyc is dystopian even in a decentralized form so how about in my opinion of course so how about github the github activity uh i mean this is there’s a clear winner right so you trust i couldn’t find anything in and all these repositories they don’t look good to me so i have to give it to cote so cody wins that one kodi is ahead very very exciting so how about the token distribution well the token distribution for you trust as we saw here uh the team got 10 right whilst cody and this is at inception right if you truly want to find out how the token distribution looks like you got to do on-chain analytics right you got to go way deeper than this but it’s just a high-level overview right so the team for uh cody got 15 so this uterus got less so obviously we want to see the team get less but both are good to be honest when it comes to token distribution in my opinion but i have to give it to uterus nice nice now system design is a little bit subjective but also i’m looking at who comes the closest to solving the full problem in hopefully in a decentralized fashion so i have to give this one to kodi it has more concepts more things that i didn’t mention such as dispute resolution and it has implemented what you have to stake to be part of the dispute resolution system etc so i think cody is definitely um you know going more towards a full-blown solution now utrust is offering a more practical solution for nowadays that you know could work right now but kodi i think has a more long-term view a more holistic approach for a full-blown system design and they’re what they’re doing is also slightly more complicated right because this is just an erc20 token whilst here they’re building a dag i mean talk about complicated systems so i have to give this one to kodi as far as innovation i guess i should call this innovation and system design i definitely give this one to cody in my opinion so cody did win this battle i’m hoping that uh yeah congrats to whoever is holding cody obviously not financial advice but very cool to see and of course i’m working on my own that so i do kind of know what i’m talking about a little bit so this app is very simple think google maps think social media and think nfts all in one you can create your own nft place it on the map and anyone can come about and just you know take a look at your stuff people can comment etc so very cool depth that i’m working on hopefully will be done by the basic design by the end of this month or uh hopefully early next month at the latest uh but yeah we’ll see so make sure you subscribe so you don’t miss any of that beauty and of course shout out to the patreons i truly appreciate your support and all of you that have joined live truly truly appreciate thee and i do hope to see you tomorrow you have yourself a great day guys bye


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UTRUST vs COTI, Who wins? (Coin Royale #26)
rn

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