The Argyle Coin will be the first cryptocurrency in the world specifically designed to facilitate "Smart Contracts" to be used for rapid online trading of fancy colored diamonds. These Smart Contracts will not only allow for normal purchases and sales, but will also allow for fractional ownership of particularly expensive fancy colored diamonds, opening up markets for retail investors and collectors who can't afford an entire multi-million-dollar diamond but still wish to participate in the market by purchasing a portion of one. The Argyle Coin will also allow for recording the current ownership as well as the chain of title or provenanceÃ, of each particular diamond, establishing an unbroken chain of ownership tracing the diamond back to a reputable original source