SWAP CLUB

EXPLORE
X
LIVE Posts TOP TODAY TOP WEEK NEW Price
✦✦
✦✦✦
✦✦✦✦ Size L XL XXL Network Zora
Base
Search
✎ 21 1 1 NEW COMMENTS
IMAGE
1080x1080 84KB      

Colored Coins - Zora

Hey, zora, This is how NFTs appeared, the first NFT was colored coins for Bitcoin

I prepared colored coins, but for Zora) Look -

On the 4th of December, 2012, a paper was released by cryptographer, mathematician, and President of the Israeli Bitcoin Association, Mr. Meni Rosenfeld. The article was titled “Overview of Colored Coins,” (bitcoil.co.il/BitcoinX.pdf) wherein Meni explained a mechanism to take advantage of Bitcoin’s “fungibility” by segregating a certain number of coins from the rest for particular purposes. Meni argued that adding “specialty” to coins by segregating them from the rest could help form niche applications within the Bitcoin blockchain. By “coloring coins,” as he called it, we can assign a specific task to a particular set of coins and eventually build applications that cater to those specific coins. This meant that Bitcoin was not just a general cryptocurrency but a place for development.
Read more
📶 1 comment
connect wallet
Mint
shillchilla alpha player
See all comments

Mint
LOADING