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$3.37
Low $3.27
High $3.43
What is Counterparty?
Counterparty is a platform for user-created assets on <a href="https://www.coingecko.com/en/coins/bitcoin">Bitcoin</a>. It’s a protocol, set of specifications, and an API. Taken together, it allows users to create and trade assets on top of...
Counterparty is a platform for user-created assets on <a href="https://www.coingecko.com/en/coins/bitcoin">Bitcoin</a>. It’s a protocol, set of specifications, and an API. Taken together, it allows users to create and trade assets on top of Bitcoin’s blockchain. In this way, Counterparty is similar to platforms like <a href="https://www.coingecko.com/en/coins/waves">Waves</a> or <a href="https://www.coingecko.com/en/coins/ethereum">Ethereum</a>. Of course, the difference is Counterparty integrates directly with Bitcoin. Therefore, it comes will all the security and reliability (and issues) that are part of the Bitcoin blockchain. This is a fairly old project. In fact, it pre-dates Ethereum with its launch in 2014. It was the original asset creation mechanism. As you’re probably aware, Counterparty has faded from prominence over the years. This is largely due to the rise of the ERC-20 token standard on Ethereum. While we’ve become used to calling blockchain assets, tokens, it doesn’t necessarily have to be the case. An asset can represent anything that has value or is rare. As a result, Counterparty steers clear of the word “token” in their marketing and documentation. They’re much more interested in digital assets of all kinds, not just currencies, securities, and utility tokens. Digital assets can be a digital marker of a physical object, an easy way to manage shares in your company, or reputation karma for a website. These are all types of assets you could create on Counterparty (or Ethereum or Waves, for that matter). Counterparty creates the set of rules, requirements, integrations, etc that are necessary for assets on the Bitcoin blockchain. It’s the infrastructure behind user-created assets in much the same way that the ERC-20 protocol sets up guidelines and standards for asset creation on Ethereum. One useful function of digital assets is as a marker of ownership or voting rights. Imagine a scenario where you issued a digital asset to each of your company’s board members in proportion to the amount of voting power held. Or if you gave your stockholders a digital asset as a marker of the amount of stock they owned. If you issued your stock asset, you could then use Counterparty’s distribution function to pay out dividends in BTC based on the amount of digital stock asset each person owned. Counterparty addresses many of the same issues as Ethereum or Waves, but on the Bitcoin blockchain. While that does come with some advantages, ultimately it is not as strong a platform for development as its competitors. It’s best suited for applications that need to interface with Bitcoin or assets that have a specific connection to the Bitcoin ecosystem.
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CoinScouts Grade
2Market Statistics
Volume
$51,162.00
Market Cap
$8,767,853.00
Fully Diluted
$8,928,046.64
Market cap Value
0.58 %
Circulating Supply
2,598,023
Max Supply
∞
Total Supply
2,649,272
% of Total Supply
(98.07%)Statistics
Counterparty Statistics
Name
CounterpartyTicker
XCPPrice
$3.3724 Hour Trading Volume
$51,162.0024 Hour Volume Change
4,019.91%Market cap
$8,767,853.0024 Hour Market Cap Change
0.58%Fully Diluted Market Cap
$8,928,046.64Price change 24 hour
10.46%Price change 7 days
0.58%Price change 14 days
2.42%Price change 30 days
-22.12%All Time Low/High
$0.134356 | $91.13Percentage Change Since All Time High
-96.30%Percentage Change Since All Time Low
2,411.85%Market cap rank
#896Volume / Market Cap
0.00584Issuance Blockchain
n/aCirculating Supply
2,598,023 (98.07%)Max Supply
∞Total Supply
2,649,27224h Volatility
$0.20Twitter Followers
29,612Telegram Users
0Reddit Subscribers
1,576Github subs
56Github issues
617Counterparty Markets
Upcoming Counterparty Events
No upcoming events for Counterparty known.
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