What is the Master Protocol? The Master Protocol, developed by the Mastercoin Foundation, facilitates the creation and trading of smart properties and user currencies as well as other types of smart contracts by encoding information directly on the Bitcoin blockchain.
The Master Protocol is decentralized, and like safecoin, removes the middlemen in network transactions, with a focus on transactions that occur on the Bitcoin blockchain. Mastercoin and the Master Protocol are driven by the community and leverages the decentralization of the network to provide value and increased functionality.
