Crypto 2.0 Roundup: Ethereum's Counterparty Fork and a Vote for Colored Coins
Moving into the holiday season, the crypto 2.0 segment of the bitcoin industry continues to garner increasing attention for its efforts to expand the potential use cases for blockchain technology. However, after months of heightened activity and exciting launches that saw the community come into sharper focus, the last few weeks have shown that the sector may now be focusing on refining its message for a wider audience. Ethereum fires back at Counterparty. Arguably the most visible event of the news cycle occurred when crypto 2.0 protocol Counterparty announced that it had ported....
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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....
In a move that is sure to bring more attention to the umbrella of colored coins projects currently in development on top of the Bitcoin protocol, issuers of colored coins can now list their assets on MasterXchange. This online exchange was started as a hub for trading bitcoins and mastercoins, and it has more recently branched out into offering many other types of tradeable assets on the platform. Various tokens issued on top of Counterparty and Mastercoin have been traded on MasterXchange in the past, but this is the first time that assets issued in the open assets protocol will be listed....
The Counterparty team wants to err on the side of caution when bringing the Ethereum smart contracts to the mainnet. There has been a lot of talk of bringing Ethereum smart contracts to the Counterparty mainnet in recent months. Not too long ago, it seemed like this project was set in stone, but some last-minute adjustments had to be made. Now that the latest EVM has been ported to the Counterparty, exciting things are on the horizon. Ethereum Smart Contracts On Counterparty Mainnet? That is the question everybody would like an answer to, and it appears as if the Counterparty team is....
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....
May 13, 2014 (Dublin, Ireland) - The Irish company who released the prediction market Predictious last year is now unveiling their brand new colored coins wallet Coinprism, as well as the Open Assets protocol (http://openassets.org). Open Assets is a new generation Crypto-protocol based on Bitcoin. At the core, Open Assets is simply an implementation of the colored coins idea. The concept is that the protocol takes a very small amount of Bitcoins, and "colors" them with an asset type and quantity, defined by an issuer. The assets can then be transferred through the Blockchain,....