Launched on March 15th 2014
A capability many have been longing for - a way to trade bitcoins for other digital currency with out having to use a third party.
Master Protocol makes this possible by leveraging the Bitcoin blockchain itself as the "third party" and using Bitcoin's distributed timestamping service.
Smart properties are digital property and contracts rights, which may be transferred. Smart tokens can represent services, products, titles, deeds, virtual currencies, and securities.
Mastercoin Foundation plans and funds the development of the Master Protocol for the creation of smart tokens, and is involved in fostering adoption by services meeting the needs of people, governments and businesses.