
coloredbitcoin ARC-20
@coloredbitcoin

🖌️Colored Coins were born as an innovative idea to expand Bitcoin's capabilities beyond a simple medium of exchange. 👣
Their story begins in the early days of cryptocurrency, when the community was looking for ways to use the Bitcoin blockchain to represent diverse assets, from property to stocks, laying the groundwork for modern tokenization.
In March 2012, Yoni Assia, CEO of eToro, published the idea of Colored Coins on his blog, inspired by concepts like MasterCoin. He proposed that certain bitcoins could be "colored" through metadata to assign them unique properties, allowing them to represent distinct assets. This idea generated interest on forums like Bitcointalk, where the crypto community began to explore it.
On December 4, 2012, Meni Rosenfeld formalized the concept with a whitepaper detailing how to use Bitcoin Script to mark satoshis (the smallest unit of Bitcoin) and assign them specific properties. Although the document was preliminary, it marked a milestone by providing a technical ... 0 reply
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