The Crypti Foundation issues a press release concerning their latest offering. Is there value in their products? Is there an overabundance of hyperbole in the press release?
Colored Coins News
Colored coin is a method used to represent and manage real world assets with the Bitcoin blockchain. Bitcoin’s scripting language allows the encoding of some information into the blockchain along with performing transactions. Colored coins are Bitcoins transferred within a transaction that has additional info. The information added to a colored coin may represent such assets as stocks, promises, transaction info, etc. Those are real world assets that are —- once included in the blockchain — immutable, easy to transfer, transparent and secure. For example, a restaurant can issue a promise to offer a free dinner to token holders by making a Bitcoin transaction that has additional information about the terms of such an offer. Companies may issue colored coins with blockchains of many platforms. Colored coins can also be used with smart contracts, making a coin available for use only if specified terms are fulfilled.
Tim Swanson of R3 CEV highlighted the main pain points of using colored coins.1481
July 4 marks the third anniversary of Bytecoin, the world’s first CryptoNote-based cryptocurrency. The Bytecoin team has unveiled an expanded roadmap detailing their future plans for the coin.1822
Interview with Rain Lõhmus about experimenting with the blockchain via colored coins, bitcoin-based certificates of deposit, and the country’s attitude toward technology and innovation.2268
Coinprism is the first colored-coins Bitcoin wallet. They offer the ability to prove ownership of stocks, bonds, commodities, smart property and more by “coloring” bitcoins with the Open Assets protocol. Now you can store those colored coins with Armory, which is the only open-source wallet that supports both multisignature transactions and cold storage.512
With the recent successes in London, Las Vegas and Tel Aviv, Inside Bitcoins Conference and Expo, has proven to be one of the leading trade shows for the fast-growing Bitcoin and related cryptocurrency industry.508
On Monday, Coinprism became the first in the crypto 2.0 space to launch a standalone mobile wallet for Android phones and tablets that allows users to exchange digital assets as freely as they could transact in bitcoins.584
Cloud mining company FracMine announced Wednesday that it will hold a crowdsale of colored coins that will then allow the company to sell hashing power at just more than 1 USD per GH/s.433
Two and a half months after Irish startup Pixode launched its colored coins wallet — Coinprism. Now it released a blockchain explorer for assets held by colored coin users, called Coinprism.info.623
Now that bitcoins are trading at more than US$500 again, there has been renewed interest among speculators and cryptocurrency users slightly higher up the left side of the adoption curve.1243
The first online colored coins wallet, Coinprism, went live this week, to take Bitcoin trading to the next level.461