Monday, August 13, 2018

COLOR l COLORCHAIN Decentralized Applications for the People

What is colors?

Color is creating a decentralized app store for the people. Centralized services serve platform owners by reaping the rewards of user-created content. The Color dApp Store aims to create a decentralized app ecosystem that instead enriches the people who use it. 
The Color Platform is developing the Colorchain consensus algorithm to ensure speed and security. Colorchain is a hybrid software/hardware blockchain that provides real-time P2P data transfers. Colorchain transactions are P2P transactions that initiate only between two engaged nodes. A minimal number of transaction parties greatly increases the transaction speed. Additionally, Colorchain pairs cryptographic software with cryptographically secured Physical Unclonable Function (PUF) chips. The Color Platform aims to provide enterprise-level transaction speed and security through Colorchain.
A PUF chip is a cryptographically secure device that utilizes unclonable physical characteristics. Each PUF chip has a unique, unclonable “digital fingerprint” or “digital DNA” that serves as a key identifier. Colorchain’s PUF chips improve on standard memory-based security chips with (a) unclonable PUF-based embedded random numbers, (b) PUF-based true-random-number Root of Trust (RoT), (c) PUF-based encrypted data transfer on BUS, (d) data stored with PUF encrypted on memory, and (e) a hard-coded crypto algorithm for safer and faster transactions.
It’s time to look beyond blockchain. The Color Platform utilizes Colorchain, a hybrid software/hardware blockchain that enables lightning-fast decentralized computing. Colorchain utilizes a peer-to-peer (P2P) payment system and a cryptographically secured physical unclonable function (PUF) chip to greatly increase transaction speeds. Color aims to maintain enterprise-level speed and scalability while hosting thousands of dApps.The Color Platform plans to launch enterprise-level apps alongside the launch of Colorchain. Internally, the Color Team is developing Color Legal, Color Medical, and Color TV. Each dApp utilizes blockchain and cryptocurrencies to enhance existing features like curation rewards, betting, and immutable royalty distribution

 Color Platform

The Color Platform is a blockchain platform that enables the easy creation of decentralized applications. It aims to be the incubator for a host of dApps, such as Color Media, Color Future, and Color Music.The Color Platform plans to launch enterprise-level apps alongside the launch of Colorchain. Internally, the Color Team is developing Color Legal, Color Medical, and Color TV. Each dApp utilizes blockchain and cryptocurrencies to enhance existing features like curation rewards, betting, and immutable royalty distribution
Color intends to revolutionize the dApp ecosystem by developing enterprise-level dApps. The Color Team has dedicated substantial resources to building mega dApps. There are more than 10 in development on the Color Platform. Color dApps are powered by the single unifying Color Coin (COL). In Ethereum, each dApps uses its own data format and cannot shared it with other dApps.

More details Read Whitepaper 

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1 comment:

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