Thanks for sharing the links.
Concept is old but does not look popular. I assume it do not have practical usefulness after ETH come into picture with capability of creating tokens.
Topic: What is colored coin in layman terms? (Read 266 times)
Recently I come across the concept of colored coin.
https://bitcointalksearch.org/topic/colored-coins-white-paper-v20-347398
It says some extra metadata is put in bitcoin blockchain to make it colored. That extra metadata always associated so that it will always be identified.
1. How this extra metadata is introduced?
2. Is it really a useful concept?
There have been some other threads about this; Might be worth reading.
https://bitcointalksearch.org/topic/request-a-technical-summary-of-colored-coins-214316
And:
https://bitcointalksearch.org/topic/chromawallet-colored-coins-issue-and-trade-private-currenciesstocksbonds-106373
2. Is it really a useful concept?
It seems like it could be very useful, if implemented correctly, as explained above, but i haven't seen any projects apart from USDT (or XCPaccording to [1]) worth noting that use(d) colored coins. Perhaps because there are better and easier alternatives available. (such as ERC20?)[1] https://bitcointalksearch.org/topic/m.45203731
Recently I come across the concept of colored coin.
https://bitcointalksearch.org/topic/colored-coins-white-paper-v20-347398
It says some extra metadata is put in bitcoin blockchain to make it colored. That extra metadata always associated so that it will always be identified.
1. How this extra metadata is introduced?
2. Is it really a useful concept?
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