Counterparty XCP Price
Introduction
Counterparty, launched in 2014, extends Bitcoin's capabilities with unique token creation and Smart Contract functionalities. More
Token Stats
| Fully Diluted Valuation | $6.82M |
|---|---|
| 24H Trading Volume | $2,960 |
| 24H Low / High | $2.56 / $ 2.79 |
| Circulating Supply | 2.59M |
| Total Supply | 2.65M |
| Max Supply | ∞ |
Info
| Categories | Proof of Work (PoW) 1 more |
|---|---|
| Founder | Robby Dermody 1 more |
| Website | counterparty.io |
| Socials | 2 more |
| Explorer | Xcpfox 1 more |
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About Counterparty $xcp
Counterparty (XCP) emerges as a groundbreaking protocol that extends the capabilities of Bitcoin, marking a significant leap in the realm of cryptocurrency. Launched in January 2014, this innovative platform operates by "writing in the margins" of standard Bitcoin transactions. This unique approach not only enhances Bitcoin's functionality but also paves the way for a host of advanced features and creative possibilities that are not achievable with conventional Bitcoin software.
At its core, Counterparty is an open-source, thoroughly tested protocol that allows users to create and trade various digital tokens. It transcends traditional boundaries by enabling the writing and execution of Smart Contracts on the Bitcoin blockchain. These contracts represent a technological revolution, offering limitless applications. Utilizing Bitcoin's decentralized ledger and Counterparty's integrated scripting language, real-world scenarios can be coded and executed autonomously, without intermediaries. XCP, the native currency of Counterparty, was innovatively created by "burning" bitcoins, ensuring a fair distribution. Approximately 2.6 million XCP were generated from over 2,100 burned bitcoins.
The Counterparty ecosystem offers diverse wallet options, including desktop, web, mobile, and Chrome extension wallets. These wallets mirror the functionality of Counterparty's reference client while ensuring the utmost security of user funds. They operate on the principle of maximum security; all transactions are signed on the user's device, private keys remain confidential, and all session data is encrypted and erased upon logout. This system enables users to effortlessly create and manage new tokens on the Bitcoin blockchain, distribute profits, trade, and store tokens securely, making Counterparty a cornerstone in the evolving landscape of cryptocurrency.
What is unique about Counterparty (XCP)?
Counterparty (XCP) is unique for its method of extending Bitcoin's functionalities, particularly by enabling the creation and trade of digital tokens and the execution of Smart Contracts on the Bitcoin blockchain. It uses a "proof of burn" method for generating its native currency, XCP, which involves burning bitcoins to create XCP tokens fairly and equitably. This approach ensures there's no pre-mining or ICO, promoting a fair distribution.
Who are the founders of Counterparty (XCP)?
The founders of Counterparty include Robby Dermody, who also created Counterwallet, and Adam Krellenstein, the lead developer and chief architect of the Counterparty protocol. They are joined by other members like Evan Wagner (co-founder), Ivana Zuber (general manager), and Ouziel Slama (developer).
Where can I buy Counterparty (XCP)?
You can buy Counterparty (XCP) on Dex-Trade, Zaif cryptocurrency exchanges.
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