Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Piggybank
A Brief History of Colored Coins – What Made them Special
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," 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,"…
5 years ago