What is a colored coin?

[sdmathis]

I've heard people mentioning colored coins, but I have no idea what they are. Could someone please explain to me what a colored coin is? Thank you.

[Amph]

this video seems to explain well what is it

https://www.youtube.com/watch?v=mzIzXgGbUfg

[sdmathis]

this video seems to explain well what is it

https://www.youtube.com/watch?v=mzIzXgGbUfg

Thad explains it very well. Thanks for your help.

[resUnioC]

this video seems to explain well what is it

https://www.youtube.com/watch?v=mzIzXgGbUfg

Thad explains it very well. Thanks for your help.

dont want wach video, but like to know what a colored coin is....
or is the topic to hard to find own words?

[gentlemand]

dont want wach video, but like to know what a colored coin is....
or is the topic to hard to find own words?

A colored coin is effectively a coin that has been turned into a token representing something else, be that a stock, property, whatever you want it to be. Once the coin has been transferred to another person so has the ownership of the item it represents.

http://www.coindesk.com/colored-coins-paint-sophisticated-future-for-bitcoin/

[Gibbs187x]

I've heard people mentioning colored coins, but I have no idea what they are. Could someone please explain to me what a colored coin is? Thank you.

Colored Coins enable developers to create Smart Property on top of the Bitcoin blockchain. There’s no need to purchase extra coins – just use regular bitcoins to create and transfer assets. Explore new possibilities like advanced financial tools, smart contracts and peer-to-peer exchange over the Internet. https://www.youtube.com/watch?v=fmFjmvwPGKU

[Velkro]

Personally for me, colored coin is complicated system build on top of complicated system which Bitcoin is :>
So no way it will be used, its hard to understand Bitcoin and there is absolutely no need to complicate it more.

[cryptojumper]

How do I get that colored coin wallet? Is this an upgrade to an existing wallet or it is like an altcoin wallet? Can I use it for storing regular bitcoins, or satoshies to be more precise ?

[SirLolicon]

It's like another coin branched out from Bitcoin's blockchain.

People use it to create assets, just like Counterparty Tokens and NXT Assets

[tyz]

Colored coins are coins or tokens which are maintained within a already existing blockchain. One of the best examples is the NXT Monetary System that lets you create new coins which are maintained and secured by the NXT blockchain and baked by Nxt coins.

[resUnioC]

dont want wach video, but like to know what a colored coin is....
or is the topic to hard to find own words?

A colored coin is effectively a coin that has been turned into a token representing something else, be that a stock, property, whatever you want it to be. Once the coin has been transferred to another person so has the ownership of the item it represents.

http://www.coindesk.com/colored-coins-paint-sophisticated-future-for-bitcoin/

thanks man,
i assumed it somehow, this coin has nothing to do with a color itself...
maybe it is called colored coin, because of the technic to detect it again.