Rank #560
2,104 people like this
counterparty  (XCP)

Counterparty (XCP)

$21.05 -9.2%
0.00044197 BTC -8.0%
2,104 people like this
$20.62
24H Range
$24.01
Market Cap $55,024,284
24 Hour Trading Vol $1,490,852
Circulating Supply 2,613,758
Total Supply 2,649,272
Max Supply ?
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XCP
USD
USD
Counterparty (XCP) Price Chart

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1h
24h
7d
14d
30d
1y
0.1%
-9.2%
59.8%
13.5%
236.4%
1409.5%

XCP Price and Market Stats

XCP Price $21.05
Market Cap $55,024,284
Market Cap Dominance 0.00%
Trading Volume $1,490,852
Volume / Market Cap 0.0271
24h Low / 24h High $20.62 / $24.01
7d Low / 7d High $14.50 / $23.54
Market Cap Rank #560
All-Time High $91.13 -77.0%
Jan 10, 2018 (over 3 years)
All-Time Low $0.134356 15508.0%
Oct 25, 2019 (almost 2 years)

Counterparty Coin Price & Market Data

Counterparty price today is $21.05 with a 24-hour trading volume of $1,490,852. XCP price is down -9.2% in the last 24 hours. It has a circulating supply of 2.6 Million XCP coins and a total supply of 2.65 Million. If you are looking to buy or sell Counterparty, Zaif is currently the most active exchange.

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.

Counterparty News & Guides

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