What is Color?
Color is the next generation platform for high-performance sophisticated Decentralized Applications.
Our key technology called Color Spectrum integrates developer partners on a decentralized high-performance computing platform to host their dApps. Color Spectrum allows partners to utilize the computing resources of the whole network for their dApps on our high-performance Color Spectrum platform with concurrent execution.
Blockchains are still reliant on prototype-level dApps, which are plagued by scalability issues. Color aims to revolutionize the dApp ecosystem by developing enterprise-level dApps. Moreover, instead of hosting a plethora of unrelated services on a single platform, Color dApps will be powered by a single unified cryptocurrency, the Color Coin (CLR).
To accelerate spreading of Color Coins with an explosive network effect, the Color Platform uses unique Pixel Program where participants get incentives for their active participation in spreading Color Coin throughout network. The Color Platform is focused on the fair distribution and active usage of tokens to promote a vibrant token community. The Pixel Program as one of core dApps will serve the proliferation of Color Coin and the growth and strength of the Color Platform.
The Color Team has already been developing the dApp ecosystem with four dApps: Dailytto, Reward Inc, Color Design, and Color Guide and is in talks with various partners to rapidly expand their dApp product base.
Another revolutionary solution offered by Color Platform involves hardware, namely Physical Unclonable Function (PUF) chip. Powered by PUF-based transactions, Color Platform improves transaction speed by enabling consensus between only the two engaged nodes. This end-to-end consensus bypasses the need for third-party confirmation and minimizes the delay between transactions. Users can send and receive any type of transaction with minimum confirmation delay.
The Color governance system is at the cornerstone of Color’s strategy to become a dominant coin in the space. The governance structure is such that the decisions are made on the platform from the beginning and will evolve to fulfill ongoing needs to serve organic exponential growth of the Color ecosystem in fair and well-balanced manner among five major stakeholders: new users, existing users, stakers/council members, developers/maintainers, and Color network infrastructure providers.