Colored Coins Startup Colu Adds eToro CEO Yoni Assia to Board of Directors

CoinDesk reports that Colu, an Israel-based startup developing colored coins technology, has brought on eToro founder and CEO Yoni Assia to its board of directors.

Three weeks ago, Colu secured $2.5 million in funding to grow its team and market its technology for real-world applications.

Colored coins is a Bitcoin 2.0 project that seeks to create new solutions based off of Bitcoin’s Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term functionality. Bitcoin transactions can be “colored” to represent, for example, the transfer of smart property. A large array of applications are envisioned, including multisig functionality, micropayments and peer-to-peer exchange.

Assia is a firm believer in Bitcoin technology. Just over one year ago, his company enabled bitcoin trading for its social Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, which is said to have an estimated 2.75 million users.

He pointed out that colored coins will help even non-Bitcoin companies make use of blockchain technology for everyday applications. Personally, he is quite interested in how colored coins can help transform the world of asset trading, potentially simplifying the process found in today's model.