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Title: Colored Coins' Startup Coinprism Is Shutting Down, Ethereum next? Post by: bbc.reporter on March 30, 2018, 01:58:47 AM Are we witnessing the same fate for Ethereum? I see nothing wrong with ICOs as a democratic way of funding projects. But the regulators will not allow it to disrupt and threaten the existing funding models ruled by banks and VCs. The regulators will come, and they will come hard.
I reckon the fall of Ethereum might be any regulator's most prized trophy. https://248qms3nhmvl15d4ne1i4pxl-wpengine.netdna-ssl.com/wp-content/uploads/2015/10/Closed-for-business-760x400.jpg Stepping back, Coinprism is one of a number of companies that sought to focus on colored coins, or bitcoins bearing extra pieces of data that give them a greater degree of uniqueness by way of the protocol's scripting language. Colored coins can serve as digitized stand-ins for real-world assets, for example, or represent things like loyalty points. Yet as Charlon pointed out, work in this area has largely shifted to ethereum and other platforms. Many such tokens in circulation today are based on ethereum's ERC20 standard. Charlon also said the long-term business model of Coinprism was problematic, given the growing regulatory scrutiny of the ecosystem and around crypto assets in particular that have been sold through initial coin offerings (ICOs). Full article https://www.coindesk.com/blockchain-startup-coinprism-to-shut-down-in-2-days/ |
