Colu Announces Colored Coins and Lightning Network Integration

Colu, an Israeli provider of blockchain-based technologies, has built a version of Lightning Labs’ code that is compatible with Colored Coins. This would allow for the peer-to-peer (P2P) transfer of digital assets with effectively no verification time, a higher transactions-per-second (TPS) rate and almost no fees.
Colored Coins is an open source Bitcoin 2.0 protocol that enables developers to create digital assets on top of the Bitcoin blockchain. These can be used to issue financial assets and proofs of ownership, to store documents or to create smart contracts. Current projects leveraging the Colored Coins protocol include Mycelium, Swarm and DXMarkets.

This post was published at Bitcoin Magazine on Nov 16, 2016.