A Brief History of Colored Coins – What Made them Special

The Origins of Colored Coins On the 4th of December, 2012, a paper was released by cryptographer, mathematician, and President of the Israeli Bitcoin Association, Mr. Meni Rosenfeld. The paper was titled “Overview of Colored Coins,” wherein Meni explained a mechanism to take advantage of Bitcoin's “fungibility” by segregating a certain number of coins from the rest for special purposes. Meni argued that adding “specialty” to coins by segregating them from the rest could help form niche applications within the…