Is colored coins still in use?

[emma.lee1890]

Can we still push metadata into the bitcoin blockchain and if yes, How do we do it and how fast will the ownership of a particular element get transferred from one person to another.

[Watu_pawon]

it is indeed true that colored coins are still very much needed, and that I feel is very beneficial when used in transactions.

[sugarchrisp]

Can you please define what you mean by colored coins?  This isn't a term I've heard used in the cryptocurrency world.

[emma.lee1890]

Can you please define what you mean by colored coins?  This isn't a term I've heard used in the cryptocurrency world.

I'm sure there are about a bajillion projects for it in the ETH community, but they're most likely as fruitless as all the other ERC20 crapcoins.  There's also OMNI, which (last I heard anyways) is underpinned by BTC's blockchain.

[emma.lee1890]

it is indeed true that colored coins are still very much needed, and that I feel is very beneficial when used in transactions.

people aren't really as enthralled by the idea as you might like to think.  There's still a large amount of trust involved since someone is generally holding the physical assets these tokens are meant to represent.  You might have trustless transfer of the token

[emma.lee1890]

It's generally considered something better suited to being built as a layer on top of Bitcoin, rather than cluttering up the main chain with it.  Plus, despite the fact it's perceived as a revolutionary concept

[zenbook]

Most people have stopped using colored coins because ERC20 tokens are so much cheaper to use and easier to handle. A while ago, STORJ was using a counterparty token but then switched to an ERC20 token because of how much easier/cheaper it was.

[bhm45]

If you need a coin to represent an asset, such as merit in some project, then coloured coins are better then building another blockchain just for that.
There is no need for everyone to run their own blockchain, we got Bitcoin, just use that.

[damsix]

Can you please define what you mean by colored coins?  This isn't a term I've heard used in the cryptocurrency world.

I'm sure there are about a bajillion projects for it in the ETH community, but they're most likely as fruitless as all the other ERC20 crapcoins.  There's also OMNI, which (last I heard anyways) is underpinned by BTC's blockchain.

Bajilion?
I have never heard of this in a cryptocurrency and maybe you can explain it in more detail about "Bajilion".

For Ethereum, Omni, Waves, EOS, TRON is a coin with smartcontratcs that is enough to create more tokens in the world of cryptocurrency.

[Sabarhati]

maybe there are still those who use colored coins, but that is still very foreign to others, because there are not many and even minimal who use it

[cryptomate3473]

Please define what you mean by colored coins?