First Crypti Dapp, Crypti Tokens, Allows Developers To Issue, Send And Receive Colored Coins
Crypti Foundation released on 23rd of December their first DApp (Decentralized App), Crypti Tokens, that allows users to issue custom tokens and to send and receive them on the Crypti Tokens sidechain. The Crypti Foundation team has grown from the original 5 members, and aims to build a Decentralized Application Platform that is useable, safe and economic, and thus falls in direct competition to the Ethereum project. They released their first DApp earlier this week, that is able to manage colored coins, but these colored coins only work on their sidechain, not on the Bitcoin blockchain.....
Related News
Bitcoin has opened up a whole new dimension of decentralized applications. The use of blockchain technology is being explored for almost every industry. With the implementation of blockchain technology in every new field, a huge requirement of applications will open up. Development of decentralized applications is easier with the help of existing APIs, frameworks etc. as compared to writing every single piece of code afresh. Crypti is one such platform that makes development of decentralized applications easy. An initiative of Crypti Foundation, Crypti offers APIs and other resources for....
Colored Coins is an advanced application of Bitcoin’s blockchain. The protocol is considered to have Bitcoin 2.0 properties, as it expands the use of Bitcoin’s blockchain. Colored Coins are tokens that are marked to represent real world assets. They can be used to prove ownership of cars, real estate, precious metals, etc., and are pretty easy to issue. While there aren’t very many cryptocurrencies that are Colored Coins, the ones that are colored offer some interesting features. The most common use of Colored Coins is for companies that wish to host an IPO. Setting up an IPO with Colored....
Bitcoin is a useful way to exchange money, but what if you could do other things with it? If bitcoiners could use it to issue shares, bonds and IOUs, or even to create alternative currencies atop bitcoins, they could add even more value to this innovative cryptocurrency. Bitcoinx, a community wanting to "democratize finance," is hoping to facilitate just that, with a concept called "colored coins". Colored coins is a concept designed to be layered on top of Bitcoin, creating a new set of information about coins being exchanged. Using colored coins, bitcoins could be "colored" with specific....
Colored coins allow issuers to add an additional layer of value to bitcoins in a rainbow of different ways. Colored coins are part of an Open Assets Protocol, which means you can attach an additional value to bitcoins. If you want to be able to carry a stable amount of cash with you, but with the simplicity of transactions that Bitcoin offers, now you can. You can now have a colored coin equal one dollar, euro, pound… Since colored coins tie an additional value to Bitcoin, governments or banks can issue Colored Coins that represent represent fiat currencies, thus using the Bitcoin protocol....
In the wake of the split into ETH and ETC - Ethereum Classic, following the recent hack of The DAO on the Ethereum platform which led to a hard fork to recover the stolen funds, Max Kordek, Lisk CEO, has come out to “clean up some misunderstandings, and explain briefly what Lisk is and what it isn’t.” Lisk is not a fork of Ethereum. In a blog post to the Lisk community, Kordek states categorically that Lisk is not a fork of Ethereum as the first of various misunderstandings, myths, and other wrong facts he wanted to dispel. Kordek writes: “The Lisk code base was forked from the Crypti....