Counterparty (XCP)

Counterparty (XCP)

Rank #822

$2.79

8.22%

0.0001 BTC

XCP
USD

MARKET CAP

$7.296M

ALL TIME HIGH

$103.20

VOLUME 24H

$1.783K

CIRC. SUPPLY

2.614M

VOL/MCAP

0.00%

TOTAL SUPPLY

2.614M

DILUTED MCAP

$7.296M

MAX SUPPLY

--

1H USD

0%

24H USD

8.22%

7D USD

12.77%

30D USD

0%

60D USD

0%

90D USD

0%

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Counterparty Price Chart

24h Change

8.22 %

Counterparty - XCP Profiles

What is Counterparty?

Counterparty extends Bitcoin’s functionality by “writing in the margins” of regular Bitcoin transactions, opening the door for innovation and advanced features not possible with ordinary Bitcoin software.

The Counterparty protocol is open source and extensively tested. Besides allowing users to create and trade any kind of digital token, Counterparty enables anyone to write specific digital agreements, or programs known as Smart Contracts, and execute them on the Bitcoin blockchain. Smart Contracts are a revolutionary technology which opens the door to endless possibilities. By using the Bitcoin’s decentralized ledger network and Counterparty’s built-in scripting language, real-world scenarios can now be transformed into code and executed automatically with no need for an intermediary.

Features

Tokens

Custom Counterparty tokens can be used for a wide range of purposes and act as their own cryptocurrency, while still running on the Bitcoin blockchain. Unlike ordinary bitcoin, custom tokens can be used to represent any kind of value.

Asset Exchange ("DEX")

In the physical word, exchanging assets is fraught by risks and problems, such as potential theft and reliance on an escrow agent or central counterparty. On Counterparty, the roles of escrow agent and clearing house are filled by the Counterparty protocol itself, eliminating unnecessary costs, time, and third-party trust.

Payment Channels

Work on the upcoming Lightning Network promises to enable nearly instant, cheap and safe exchange of bitcoin between untrusted counterparties.

Voting

Blockchain-based voting avoids many of the issues inherent with voting in “real world”. Digital signatures allow for identity and voting rights to be easily established and verified, and the blockchain itself provides an unalterable, append-only record of who voted.

Multisignature Addresses

Multisignature transactions require signatures from more than one Bitcoin private key to spend their funds. Counterparty supports various multisignature schemes, such as 1-of-3, 2-of-3, 3-of-5, and more. Using our technology, a Bitcoin “multisignature address” may be created, and some quantity of a Counterparty token sent to it

How does Counterparty work?

Counterparty embeds data into regular Bitcoin transactions. To a regular Bitcoin client, these transactions look like normal Bitcoin transactions, with one party sending another party a very small amount of Bitcoin. A Counterparty node (which runs the Bitcoin client along with the Counterparty client software) will recognize and interpret the data in these Bitcoin transactions based on specific rules. From this, it constructs its own ledger of Counterparty transactions that it has seen on the Bitcoin network.

To better help understand this, here is a record of a Counterparty transaction where one address is sending 48 SJCX tokens (a custom token used by Storj) to another address. Here is what this transaction looks like to a blockchain.info, a popular Bitcoin block explorer. You can see that while it is indeed a Bitcoin transaction, the amount of Bitcoin moved is small. In reality, the BTC spent is just enough to compensate the Bitcoin miners to include the transaction in a block. Essentially, the user that sent the transaction is paying the Bitcoin network to record and secure this embedded Counterparty data.

Read full Article: CLICK HERE 

People

We found 3 people related to xcp-counterparty, include Co-founder Evan Wagner

Counterparty Price Live Data

XCP Price

$2.79

Trading Volume

$1,783.07

All Time High

$103.20

1hour Change

0.00%

24hours Change

8.22%

24hours Range

-8.22%

24hours Low

$10.05

24hours High

$10.53

Liquidity ±2%

$9,486.00

Bids -2%

$0.00

Asks +2%

$9,486.00

Market Cap

$7.30 M

Fully Diluted Market Cap

7.30 M

Circulating Supply

2.61 M

Total Supply

2.61 M

Max Supply

0.00

Counterparty Markets

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