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Coins: 3810
Exchanges: 273
Dominance:
BTC 52.2%
XRP 10.9%
ETH 10.2%
XCP
USD

Counterparty (XCP)

1h
24h
7d
14d
30d
1y
0.31%
3.5%
11%
-8.3%
-13%
-96%

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Counterparty Volume by Exchange

# Exchange Pair Price 24h Volume Volume %
1
Updated 9 minutes ago
$2.13
0.00060684 BTC
$6,808.34
3188.955 XCP
84.21%
2
Updated 22 minutes ago
$2.16
0.0006134 BTC
$1,088.65
504.936 XCP
13.33%
3
Updated about 2 hours ago
$2.01
220 JPY
$187.13
93.100 XCP
2.46%
4
Updated about 10 hours ago
$1.77
0.0005 BTC
$26.53
XCP
-
5
Updated about 5 hours ago
$2.09
0.00059501 BTC
$0.00
0.000 XCP
-
Quick Stats
Counterparty Price $2.13
Market Cap $5,576,081
Market Cap Dominance 0.00%
Trading Volume $8,071.86
24h Low / 24h High $2.04 / $2.19
Market Cap Rank #335
All-Time High $91.13
Since All-Time High -98%
All-Time High Date Jan 10, 2018 (about 1 year)
1 Hour 0.31%
24 Hours 3.5%
7 Days 11%
14 Days -8.3%
30 Days -13%
60 Days -14%
1 Year -96%
Counterparty/Bitcoin Ratio 1 BTC = 1647.7 XCP
Misc. Info
Genesis Date January 02, 2014 (about 5 years)
Hashing Algorithm SHA-256
Hashrate N/A
Block Time 10.0 minutes
Available/Total Supply 2.62 Million / 2.65 Million How is this calculated?
Complete Metrics Score
46%
Total
Major Exchanges Trading Activity
8.3%
Liquidity
Source Code Repository Activity
75%
Developer
Social Media & Discussion Board
40%
Community

About Counterparty

Counterparty is a platform for user-created assets on Bitcoin. 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 Waves or Ethereum. 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.

250
Stars
62
Watchers
175
Forks
40
Contributors
353
Merged Pull Requests
493 / 562
Closed Issues / Total Issues