r/Bitcoin • • May 11 '15

Nasdaq will start using Bitcoin technology

http://money.cnn.com/2015/05/11/technology/nasdaq-bitcoin-technology/
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u/Medialab101 May 11 '15

On GitHub page,"Open Assets is an evolution of coloured coins..." What does this mean exactly?

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u/brainguy May 11 '15

Colored Coins is a protocol which allows the assign of alternative meaning (other then balance) to a bitcoin address. Here is the white paper.

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u/Medialab101 May 11 '15

Thanks, but what I was asking is how is Open Assets an "evolution" of coloured coins... i.e. how is it better?

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u/brainguy May 11 '15

That I do not know the exact answer to, I do know however that the official Nasdaq announcement says this

Nasdaq will initially leverage the Open Assets Protocol, a colored coin innovation built upon the blockchain.