Digix and Coinify marry Bitcoin and Ethereum for gold-based digital assetshttp://www.ibtimes.co.uk/digix-coinify-marry-bitcoin-ethereum-gold-based-digital-assets-1525790Singapore-based digital assets company Digix and bitcoin payment processor Coinify are creating crypto-assets on Ethereum. The partnership marries the functionality of bitcoin with physical assets such as gold; diamonds are to be added soon, said the companies.
Digix began on the Bitcoin blockchain using the coloured coin concept but felt the solution was not elegant as it requires the concept of "burning" bitcoins and a separate block explorer for looking at transaction history.
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