Is Coti a Blockchain?

As a keen observer in the world of cryptocurrency and finance, I'm often faced with the task of disentangling the complexities of various digital assets and platforms. One such query that has piqued my interest lately is: Is Coti a Blockchain? The term 'Coti' often surfaces in discussions around decentralized finance and cryptocurrency transactions, but its precise nature remains somewhat elusive. Is it a standalone blockchain technology, or does it function as a layer or extension on an existing blockchain? Does it possess the key characteristics of a blockchain, such as immutability, decentralization, and consensus mechanisms? As a questioner, I seek to gain clarity on this matter and understand the role Coti plays in the broader cryptocurrency ecosystem.