Some people call colored coins as Bitcoin 2.0. Others compare it with tokens, like the Ethereum token. What are colored coins? In this course we will go over a digested explanation of what colored coins do, the history, the people who are working on the technology, the use cases and the companies which are starting to implemented it.
Coingeek in 2018 launched a £5 million contest to tokenize Bitcoin Cash, a fork of Bitcoin. Are colored coins really the next big thing in cryptocurrencies? Or is it a redundant function that will only hinder the Bitcoin blockchain? The prospects and possibilities are staggering.
What are its advantages over others like Ethereum that have already implemented their own solutions like smart contracts? We hope that in writing this course, we could initiate a dialog with students about the solutions and the promises that colored coins could offer. The Bitcoin space is ripe for many revolutionary technologies that could solve a lot of problems in society today.
What to expect in this course
We tried our best to collate objective data that could get students inspired by the potential of colored coins. This is not a technical course but you will encounter some terms that you may not be familiar with. If you do encounter any of those terms, feel free to open a tab to search on Google. In other times, we would include a ‘toga hat’ or ‘academic hat’ icon with the definition of a particular term. It would look like this:
Prior to taking this course we recommend beginners to familiarize themselves with the blockchain. BitcoinHomework is offering a Free Blockchain 101 course.
- Lectures 9
- Quizzes 2
- Duration 50 hours
- Skill level All levels
- Language English
- Students 421
- Assessments Yes
1.0 Introduction to Colored Coins
2.0 Projects Built Around Colored Coins
In this section we'll take a look at the companies, projects and personalities that colored coins have created