Cardano Stablecoin DJED Goes Private and Open-Source
Main Idea
COTI unveils major upgrades for DJED, including open-sourcing key infrastructure and introducing Private DJED, aiming to enhance its role as a privacy-focused, multi-chain stablecoin.
Key Points
1. COTI announced three major upgrades for DJED, its algorithmic stablecoin, to position it as a leading privacy-focused digital stablecoin.
2. Key parts of DJED's infrastructure (order API, chain indexer, frontend) are being open-sourced to encourage developer and community involvement.
3. Private DJED, an enterprise-ready private stablecoin, will be launched across multiple blockchains, leveraging COTI's privacy-focused Layer 1 technology.
4. COTI's Layer 1 uses garbled circuits for secure and private computation, enhancing DJED's privacy and scalability.
5. DJED currently operates on the Cardano chain, but its infrastructure is designed to support broader adoption and compliance across multiple platforms.
Description
Focused on privacy and security, DJED will be molded into a multi-chain asset, providing the foundation for both open and private finance. Open-Source Features Announced at the Rare Evo blockchain conference and shared to CryptoPotato via a news release, COTI, the EVM-compatible, privacy-focused Layer 1 (L1), unveiled the next step in DJED’s development. Recall that the algorithmic stablecoin was introduced in 2023 alongside IOG (now IOHK), an infrastructure, research, and engineering blockchain...
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