Exclusive Interview with Flavien Charlon from Coinprism

NewsBTC got together with Flavien Charlon, Coinprism CEO and founder, where he talked about colored Coins and the Open Assets Protocol.
Coinprism is a free of charge online Bitcoin wallet and Token platform that enables users to store and develop their own coin. Coinprism is based on the Open Assets Protocol. Bitcoin’s scripting language allows to keep small quantities of metadata on the blockchain, which may be used to symbolize asset manipulation instructions. As an example, we can encode in a Bitcoin transaction that one hundred units of a brand new asset had been issued and at the moment are credited to a given bitcoin cope with. a colored coins wallet can create a Bitcoin transaction that encodes sending 50 gadgets of an asset from one deal with to a new cope with, and so forth.
Coinprism enables anyone to ‘color Bitcoins’ through a process of tokenization. Users can create, issue, these Colored Coins over the Bitcoin network. Each of these Colored Coins can represent anything: such as securities, commodities, bonds, stocks, smart properties, precious metals, other currencies (such as dollars, pounds or euros), other crypto-currencies, and anything the user or creator might think of.
In order to understand a little more about this new coloring process as well to know more about the Open Assets Protocol we had a chat with the project founder Flavien Charlon.

This post was published at NewsBTC on 7:00 pm March 1, 201.