Color Platform White Paper Published!
The Color Platform white paper is published! The Color Platform was designed with the slogan “Colorful dApp Store”. The Color Platform provides the Color Development Kit (CDK) to enable the easy development of blockchain services. The CDK makes it easy to develop dApps and Smart Contracts, thereby reducing overall development costs. The Color Platform is developing more than 10 Mega DApps including Color Legal, Color Medical, and Color TV. Color dApps will use a single unified cryptocurrency COL that aims to provide collective synergy to the platform.
The Colorchain is also a hybrid blockchain that combines software and hardware. Traditional blockchains have been characterized by slow transaction speeds and poor scalability. To solve this problem, Colorchain has adopted Peer-to-Peer transactions and cryptographically secured PUF Chips. By avoiding third-party intervention, P2P will enable transaction speed is as fast as Visa or MasterCard.The PUF Chip acts as a “digital fingerprint” generated during the manufacturing process.
The Color Platform also utilizes the “Pixel Program” to ensure fair distribution of Color Coins. Decentralized technology is becoming controlled by a centralized minority and is treading the same path of centralized fiat currency. Pixels utilizes a conditional distribution mechanism that promotes the distribution of Color Coins to other individuals. The Pixel Program addresses the unfair distribution of wealth, but also for giving organizations, voluntary organizations, and startups.
