LayerZero releases “ColorTrace” technology
1. In 2013, Vitalik Buterin (and others) wrote and published the “Colored Coins” white paper.
2. What are colored coins? It can be roughly understood as the unique serial number of the US dollar, so as to know the source of every US dollar in circulation.
3. Colored coins bring transparency - how each coin is minted and where it is used.
4. Colored coins bring data diversification of homogeneous tokens.
5. This technology is likely to play a prominent role in the field of off-chain mortgages or RWA stablecoins, making the off-chain source of each US dollar stablecoin more transparent and traceable.