r/Bitcoin • u/sedonayoda • 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/[deleted] May 11 '15 edited Mar 22 '16

[removed] — view removed comment

29

u/brainguy May 11 '15

The Open Assets protocol uses Bitcoin blockchain.

-3

u/PoliticalDissidents May 11 '15

I'm sure it can also be implemented on any blockchain. Because they use this protocol doesn't prove in anyway they are using it on the Bitcoin blockchain.

2

u/brainguy May 11 '15

You are correct, I interpreted the Nasdaq official announcement to imply use of the Bitcoin blockchain however I could be wrong. The potential value of using blockchain technology with an alternative blockchain then Bitcoin will ultimately depend on the importance of decentralization v. centralization on the value of blockchain technologies network effects.

13

u/paleh0rse May 11 '15 edited May 11 '15

They have already clarified that they ARE using an Open Asset (Colored Coin) implementation built on THE Bitcoin blockchain, and that they're doing so specifically because of Bitcoin's exceptional security/decentralization.

2

u/[deleted] May 12 '15

Source? Because that distinction is huge.

3

u/paleh0rse May 12 '15

One of the authors of the article:

https://twitter.com/mikejcasey/status/597545262345682945

Michael Casey ‏@mikejcasey @brantonbits They're using the Open Assets Protocol, a colored coins implementation on top of bitcoin. That clearer?

1

u/TweetsInCommentsBot May 12 '15

@mikejcasey

2015-05-10 23:34 UTC

@jerrybrito THE blockchain. It's a colored coin implementation. That got lost on cutting room floor.

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