iXcoin - The Internet eXchange Coin (IXC)
developed in April 2011, after a long hibernation in development, has now been upgraded to the latest Bitcoin 0.8.6 code base.
In addition to the latest upgrades, the development team is now working in four promising areas:
(1) Micro-transactions - Permit micro transactions without the overhead.
(2) Armory wallet - The most advance secure wallet
(3) Colored Coins - Exchange financial instruments (i.e. Bonds, Stocks etc) using IXC
(4) Ripple Integration - Move IXC across exchanges with zero confirmation times.
These innovations will make iXcoin, the most advanced alternate crypto currency.
iXcoin was the first alternate crypto currency. It will now become the most advanced alternate cryptocurrency.
It's an old coin, but how does it make it valuable ?
About "Colored coins"... There are already projects to implement this as a layer on top of Bitcoin's blockchain.
It is more valuable because most of the coins have already been mined and have already traded on the street. Therefore the price is much more stable than a coin that was just create a few weeks ago or 6 months ago. All these newer coins are still at an inflationary stage where miners can mine coins at next to nothing and sell at a profit on exchanges. By contrast, iXcoin, it is very difficult to accumulate a sizeable stash of IXC.
Yes, the problem with colored coins on top of bitcoin's blockchain is that bitcoin considers anything less than 5,400 satoshi as spam. So to create bonds or shares on Bitcoin by consuming bitcoin is now prohibitively expensive and will continue to become more expensive over time. However by contrast, doing so with iXcoin is economical.