Coinprism Launches Open Source Distributed Ledger
Blockchain technology company Coinprism has released Openchain, an open source, distributed permissioned ledger that targets enterprise and financial institutions. Unlike bitcoin, which is based on a unique distributed ledger, Openchain will enable users to deploy their own version of the chain, allowing them to potentially cut costs and reduce settlement time. Speaking about Openchain's launch, Flavien Charlon, founder and CEO of Coinprism, explained: "Traditionally, settlement of a transaction happens some time after the trade happened. For example, three days for stock trading. With....
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Coinprism, the blockchain technology company that developed the Open Assets standard "colored coins" that is now used by the likes of NASDAQ and Overstock has released Openchain, an open source distributed ledger targeting financial institutions. Openchain, unlike bitcoin is based on a central, distributed ledger that will allow any enterprise user, company or an institution to use their own version of the chain. This functionality helps with lowering costs, reducing transaction times and Openchain users can also use the chain to interconnect with each other. Instead of transactions being....
Coinprism, the colored coin startup that created the Open Assets protocol as experimented with by NASDAQ and Overstock, has announced Openchain. Openchain is an open-source distributed permissioned ledger with optional "anchors" into the Bitcoin blockchain. It is designed to solve Bitcoin's scalability and compliance issues as encountered by financial institutions, while still enabling several of the use cases offered by the Bitcoin blockchain. While Bitcoin's blockchain currently offers a trustless public ledger, and is secured by a record amount of hashing power, existing financial....
Coinprism announced OpenChain 0.5, which offers several major improvements compared to the earlier iteration of this project. This open source distributed ledger technology will be of great value to the digital currency community, which creates instant transaction confirmations and removes all mining fees. Plus, OpenChain is highly scalable and offers anonymity. Improving upon a project that offers all of the above is not an easy task, albeit a developer’s work is never finished. There is always room for future improvements, and future features to add to the list of possibilities. Other....
Pixode, a company that started in 2010 making mobile games, just announced Tuesday the launch of what it describes as a “Crypto 2.0” platform in Open Assets and a colored coins wallet called Coinprism. “Colored coins are about taking a fraction of a Bitcoin, and tagging it with a secondary, user-defined value,” founder Flavien Charlon said in a release. “That value can then be stored on the block chain, and transferred simply by transferring the underlying bitcoins. The Open Assets platform could also be applied to smart contracts or precious metals, he said. Coinprism is one application....
NewsBTC got together with Flavien Charlon, Coinprism CEO and founder, where he talked about colored Coins and the Open Assets Protocol. Coinprism is a free of charge online Bitcoin wallet and Token platform that enables users to store and develop their own coin. Coinprism is based on the Open Assets Protocol. Bitcoin’s scripting language allows to keep small quantities of metadata on the blockchain, which may be used to symbolize asset manipulation instructions. As an example, we can encode in a Bitcoin transaction that one hundred units of a brand new asset had been issued and at the....