I don't lykke it
I saw that lykke was moving up and decided to read the white paper. I really don't like these colored coin models but a decentralized exchange sounds interesting.
Lykke is an organization developing a decentralized exchange. Currency trades were the first implemented include cryptocurrency trades. Next up is supposedly music rights and carbon emissions. Multisig wallets require two keys before a transaction occurs. Transactions are thus approved by partipcants and the exchange. The transactions utilize the bitcoin blockchain which is secured by all the hashing power of bitcoin. A colored coin is attached the blockchain and allows the transactions to occur and be "notarized" by the network
I really don't like these projects that use other blockchains . Factom is another in this group. However a decentralized exchange is a fantastic idea. I wish it was developed on its own chain. Perhaps this could be added to the roadmap
Interestingly the white paper mentions steem as the number 4 currency by market cap and bitcoin is listed at $600 per coin.
Does anyone have an update here?
Here is a screen shot of the wallet. And here is the website
Good points in this post. Good to see I'm not the only one that is thinking about this. I've bene asking myself. Do people actually check the Trustworthiness of the crypto they invest in or do they just blindly see money money money? :-) I really advice people to take a look at: https://www.coincheckup.com. The site lets you check all there is to know about the team, product, communication transparency, advisors and investment statistics on every crypto. For example: https://www.coincheckup.com/coins/Lykke#analysis To see the: Lykke Investment research report.