Coinprism Launches OpenChain, an Open-Source Distributed Ledger

Coinprism, the blockchain technology company that developed the Open Assets standard “colored coins” that is now used by the likes of NASDAQ and Overstock has released Openchain, an open source distributed ledger targeting financial institutions. Openchain, unlike bitcoin is based on a central, distributed ledger that will allow any enterprise user, company or an institution to use their own version of the chain. This functionality helps with lowering costs, reducing transaction times and Openchain users can also use the chain to interconnect with each other. Instead of transactions being validated by anonymous users, as in the case of bitcoin, Openchain […]

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