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Fix two typos/spelling errors
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@ -78,7 +78,7 @@ The two most prominent implementations of colored coins today are http://www.ope
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==== Using Colored Coins
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Colored coins are created, transfered and generally viewed in special wallets that can interpret the colored coins protocol metadata attached to bitcoin transactions. Special care must be taken to avoid using a colored coin related key in a regular bitcoin wallet, as the regular wallet may destroy the metadata. Similarly, colored coins should not be sent to addresses managed by regular wallets, but only to addresses that are managed by wallets that are colored-coin-aware. Both Colu and Open Assets systems use special colored-coin addresses to mitigat this risk and to ensure that colored coins are not sent to unaware wallets.
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Colored coins are created, transfered and generally viewed in special wallets that can interpret the colored coins protocol metadata attached to bitcoin transactions. Special care must be taken to avoid using a colored coin related key in a regular bitcoin wallet, as the regular wallet may destroy the metadata. Similarly, colored coins should not be sent to addresses managed by regular wallets, but only to addresses that are managed by wallets that are colored-coin-aware. Both Colu and Open Assets systems use special colored-coin addresses to mitigate this risk and to ensure that colored coins are not sent to unaware wallets.
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Colored coins are also not visible to most general-purpose blockchain explorers. Instead, you must use a colored-coins explorer to interpret the metadata of a colored coins transaction.
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@ -114,7 +114,7 @@ If the metadata is too long to fit in OP_RETURN, the colored coins protocol may
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In order to correctly interpret the metadata in a colored coins transaction you must use a compatible wallet or block explorer. Otherwise, the transaction looks like a "normal" bitcoin transaction with an OP_RETURN output.
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As an example, I created and issued a MasterBTC asset using colored coins. The MasterBTC asset represents a voucher for a free copy of this book. These vouchers can be transfered, traded and redeemed using a colored coins compatible wallet.
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As an example, I created and issued a MasterBTC asset using colored coins. The MasterBTC asset represents a voucher for a free copy of this book. These vouchers can be transferred, traded and redeemed using a colored coins compatible wallet.
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For this particular example, I used the wallet and explorer at http://coinprism.info/[https://coinprism.info], which uses the Open Assets colored coin protocol.
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