Counterparty XCP

in #cryptocurrency7 years ago (edited)

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Counterparty

Counteparty is a P2P financial platform built on top of the Bitcoin blockchain, that provides secure financial tools and markets, not requiring a third party to use.
If in the future Bitcoin is surpassed by another coin, moving the entire network to another blockchain would take no more than a couple of days.
On Counterparty you can create your own coin(Token) to promote your business, and trade this coin as well as XCP or Bitcoin with other users. You can also make a Counterwallet to store your coins.
It's a common misconception that XCP competes with Bitcoin, while in reality it can't exist without it.


XCP

XCP is the official token of Counterparty, at the time of writing one XCP is worth 12.69$.

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The supply of XCP was created in a 'Proof Of Burn' process between January 2nd to February 3rd 2014, in this time anyone could trade Bitcoin for XCP by sending the Bits to a non existing address.
Since these Bitcoins can never be spent again they can be considered burned, allowing XCP to be launched without anyone having a pre-existing supply, even the founders.
Since XCP is used as the fuel for each step of Counterpartys smart contracts, the supply of XCP is constantly decreasing as the fuel is appropriately burned.

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Bitcoin: 1F7TMMc1LwUu626sUcBoPr5bNL2dpP5gz
Ripple: rPVMhWBsfF9iMXYj3aAzJVkPDTFNSyWdKy tag: 251072656
Ethereum: 0x8f52872c8263286fd160fc88c08d802e0d927e56
Reddcoin: RqjV3ZWnzsC7oz6CpG1KKVuMWWFUJpRdDG
Litecoin: LScHXjn9Nq4gJUU177P5nCSzo4EwMEuUFA

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This does sound interesting. I would need more information though.. I will follow to keep up to date.

Interesting blog. Interesting to see I'm not the only one that is thinking about this. The coin market will be turbulent for the upcoming year(s) but I really believe in it. We really need more insights in the market and previous investment results (even though they don't deliver any guarantee for the future). Does anyone know about: https://www.coincheckup.com I'm really happy with this site that gives complete coin analysis for every single crypto. Go to: https://www.coincheckup.com/coins/Counterparty#analysis To see the: Counterparty Investment and research analysis.