The Master Protocol facilitates the creation and trading of smart properties and user currencies as well as other types of smart contracts. Mastercoins serve as binding between bitcoins (BTC), smart properties and smart contracts created on top of the Mastercoin Protocol.
Mastercoin enables the Bitcoin eco-system to become more decentralized and operate more in line with its peer to peer nature. Adoption of the Mastercoin Protocol will drive higher value economic transactions on the Bitcoin blockchain, which is good for Bitcoin miners and savers.
The Master Protocol is driven by the community & uses the Bitcoin network to encode the transfer of tokens (smart properties, user currencies, etc).
The Mastercoin community is engaged in collaborative coding competitions and bounties, all of which are open sourced.
Mastercoin Protocol Features
Mastercoin Legal Partnerships with CoDA
Press Coverage of Mastercoin
All Mastercoin Foundation content and code is licensed under Unlicense license.