Can multichain be used to make a platform like Colu?

0 votes
Here's a description of Colu, it's a local currency framework.
asked Oct 12, 2017 by anonymous

2 Answers

+2 votes
That's pretty much what we are doing at Tagcash in Philippines, but we use our own created multichain, not the Bitcoin network, for consensus. You don't need 2.5m in financing to do it either, but you would need regulation in whatever country you are trying to do local currency.
answered Oct 14, 2017 by mark
+1 vote
Basically Colu is creating a meta-data layer on top of the basic bitcoin transaction, which just records volumes or amounts of bitcoin exchanged.

So basically they are riding an already created block chain element and providing
services. Based on bitcoin coins.

You need to look at how you would implement the notion of what you would like to see accommodation for.

Most of what you will find are services providing things, based on a non esentual backbone.

Multichain can give you multiple choices and assests to what your looking for.
answered Oct 14, 2017 by muslimsoap