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Lykke » Lykke » General Discussion » Colored Coins tutorial


Colored Coins tutorial
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ben
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#1
11-27-2015, 06:47 PM

coloredcoins - the way to understand and use them...

bitcoin consists of transactions as a serious of opcodes
sometime in ~2013  OP_RETURN was introduced, to allow tagging.. actually already some of the first blocks in January 2009 contained meta-data, but this was never explicitly supported
first block of the bitcoin blockchain is the genesis block which contained the phrase "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks". it showed that the block could only have been created after 3/1/2009, see https://en.bitcoin.it/wiki/Genesis_block

OpenAssets describes a way to use these 80 bytes to encode transactions. the ruleset how it operates is independent of Bitcoin

I've created a brainwallet with the phrase lykke. The address is this: 16WTB9d9S17cohtcqKqU2R22F4a3PXao6H
https://blockchain.info/address/16WTB9d9...F4a3PXao6H

The code in the repository shows how to do this in python.
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