the protocol. About, features, get Started, news, docs, support. Wallets, projects, counterparty Newsletter, the technology that allows Counterparty nodes to communicate with each other via the Bitcoin blockchain. If your address has 500 FOO tokens, it will continue to have those tokens until a counterparty transaction is signed by your address that sends them somewhere else. Atomic Bitcoin/Asset and Asset/Asset swap, send multiple assets in single transaction. Offline, activity: 74, merit: 10 justusranvier, legendary, offline, activity: 1400, merit: 1006 gendal, member. Protocol specification document, length of specification 7 pages n/a 51 pages, protocol state, final. Number of independant implementations 1 1, uses provably pruneable outputs, prevents asset loss, protocol Features.
All Counterparty software is open source and has been formally reviewed by several well-known Bitcoin security experts since its release in January 2014. Another fundamental difference is that colored coins use the 40-bytes available after an OP return whereas Counterparty encodes its data in the form of additional multisig addresses. Colored coins at least as implemented by Coinprism, put data in the form of a transaction output that must be retained in later transactions involving the associated standard transaction outputs (spending money).
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Featuring: 1 Dice, Plinko, Slots, Bitspin, and Roulette! Currently under development, payment channels support will allow rapid exchange of assets and are compatible with the Lightning Network. Colored coins would basically need to restart itself under a new model to copy what Counterparty is doing including its own solution to the initial distribution of a valuable, native XDP-like token. Learn more about what's possible Learn more Create a wallet, forex contract sizes get the Bitcoin and XCP you need to to fuel your projects, and issue your own custom tokens. Getting Started page Dive into our documentation. Custom named assets can be created for a small anti-spam fee and numerical assets are free to create. FAQs and extensive documentation for power users and developers, including a guide on working with smart contracts. Counterparty takes a different approach in that all of the ownership, issuance, order, betting and other data is stored in the blockchain with no relationship between money spending bitcoin outputs and the existence of such data. The model Counterparty uses, makes it possible to do things like locking the issuance of a token so no more can be created in the future.
Instead, each counterparty transaction adds data to the global counterparty history. If a colored coin is handled by a wallet which is not colored-coin aware, the output containing data would not be reproduced and the colored coins involved would be lost. In regards to how many xcp the developers control, that is unknown but is related directly to how many bitcoins they burned during the 30-day proof-of-burn period.
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