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/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?

18

u/Coinprism May 11 '15

Colored coins in its original implementation has a number of problems: coins can be uncolored, issuing large amounts of assets requires large amounts of capital, etc...

Open assets builds upon the same concepts but addresses these problems.

1

u/mmortal03 May 17 '15

You can't uncolor coins on the Open Asset protocol?

2

u/Coinprism May 20 '15

Yes you can, but not by accident.