Mastercoin is a service provider of cryptocurrencies which built on the Bitcoin block chain. This service first provide by J. R. Willett in January 2012 as a white paper, here he suggest about bitcoin that is “can be used as a protocol layer, on top of which new currency layers with new rules can be built without changing the foundation.It is one of several prominent efforts to enable complex financial functions in a cryptocurrency. He want to add some new feature and planed like , development of a decentralized exchange and the implementation of smart property and savings wallets.
Launching after a month , This service of mastercoin become very much popular because any user can buy coin which using digital token protocol like bitcoin”Exodus address”.Here user can sell their mastercoins when it demands raise up. As of January 2014, J.R. Willet is employed full-time by the Mastercoin Foundation as “chief architect ” Now yet Mastercoin is the seventh largest cryptocurrencies provider. A nonprofit organization called the Mastercoin Foundation was formed to handle the funds sent to the address. Despite warnings that Mastercoin might just be an elaborate scam, some 500 people invested, sending a total of about 5000 bitcoins worth about US$500,000 at the time.
Introduction to Mastercoin –
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