Mastercoin is a digital currency and communications protocol built on the Bitcoin block chain. It is one of several prominent efforts to enable complex financial functions in a cryptocurrency. Planned features include the development of a decentralized exchange and the implementation of smart property and savings wallets. J. R. Willett published the first draft of the Mastercoin protocol in January 2012 as a white paper, in which he proposed that existing Bitcoin protocol “can be used as a protocol layer, on top of which new currency layers with new rules can be built without changing the foundation.”

    This site uses Akismet to reduce spam. Learn how your comment data is processed.