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Counterparty

XCP

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About Counterparty

Counterparty (XCP) is an open-source platform that claims to allow users to create and trade any kind of digital token. Counterparty aims to enhance the functionality of Bitcoin by "writing in the margins" of conventional Bitcoin transactions, allowing for innovation and sophisticated features not feasible with standard Bitcoin software. The Counterparty protocol is claimed to be thoroughly tested. Counterparty aims to allow anyone to write customized digital agreements or programs, known as smart contracts, and execute them on the Bitcoin blockchain. Real-world scenarios are now turned into code and performed automatically without the need for an intermediary using Bitcoin's decentralized ledger network and Counterparty's built-in scripting language.

Where BTC (or Bitcoin) isn't technically viable, Counterparty (XCP) may be employed to give functionality. For example, XCP is used as the currency to pay for all smart contract code execution. XCP represents a stake in the Counterparty protocol and serves as the voting currency for community-driven changes by the community.

A desktop wallet, a web wallet, a mobile wallet, and a chrome extension wallet are the types of wallets available on the Counterparty platform. These wallets aim to give all of the features of the Counterparty reference client while keeping their funds secure.

All transactions are signed on the device when users use one of the Counterparty wallets. Private keys are not saved on the servers. For security, all information sent to the servers is first encrypted by the wallet client, and when users log out, all traces of their session are wiped. For easy and safe access, users only need their unique passcode.

Counterparty tokens, which run on the bitcoin blockchain, can be used for a variety of reasons and act as their cryptocurrency. Custom tokens, unlike regular bitcoin, can be used to represent any value.

Tokens are now being used for:

… and purely for fun.

Adam Krellenstein, Evan Wagner, and Robby Dermody are the founders of the Counterparty platform. The platform of Counterparty was founded in 2013.

Market

Canada Market Stats

Market cap

CA$31.9M

Volume (24h)

CA$3,824.87

Circulating supply

2.6M XCP

All time high

CA$141.95

Price change (1h)

+0.05%

Price change (24h)

-4.29%

Price change (7d)

-6.96%

Canada News about Counterparty

BeInCrypto • May 01, 24

Tether Posts Record Quarterly Profits of $4.52 Billion

Tether reports a Q1 profit of $4.52 billion, mainly from U.S. Treasury bonds, marking a significant increase in financial transparency and stability.The post Tether Posts Record Quarterly Profits of $4.52 Billion appeared first on BeInCrypto.

Read more

News Article Image

Decrypt • May 01, 24

Bitcoin ETF Leader BlackRock Leads $47M Funding Round in Securitize

BlackRock’s BUIDL fund, created with Securitize, has $375 million in assets under management.

Read more

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The Block • May 01, 24

Stablecoin volumes stay strong as FDUSD hits record high, while USDT declines

April volumes shrank slightly as FDUSD and USDe had their best months ever, a sign the market is primed to grow more.

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BeInCrypto • May 01, 24

Crypto Security Exploits See 141% Drop in a Month

April 2024 marked a significant milestone in crypto security, with losses plummeting by 141% to a historic low of $25.7 million. This reduction suggests a marked improvement in blockchain defenses.The post Crypto Security Exploits See 141% Drop in a Month appeared first on BeInCrypto.

Read more

News Article Image

Decrypt • May 01, 24

Tether Netted $4.52 Billion Q1 Profit Thanks To Bitcoin Gains

Tether’s Bitcoin investment is paying off, achieving much greater profit than the company’s immense bond portfolio.

Read more

News Article Image

Decrypt • May 01, 24

BNB Chain's $1M Meme Innovation Contest Is 'Unleashing Meme Coin Creativity'

The competition aims to encourage developers to create, launch and trade their meme coins on BNB Chain.

Read more

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Counterparty is on the decline this week.

The price of Counterparty has increased by 0.05% in the last hour and decreased by 4.29% in the past 24 hours. Counterparty’s price has also fallen by 6.96% in the past week. The current price is CA$12.21 per XCP with a 24-hour trading volume of CA$3.82K. Currently, Counterparty is valued at 91.40% below its all time high of CA$141.95. This all-time high was the highest price paid for Counterparty since its launch.

The current circulating supply of Counterparty is 2,613,892 XCP which means that Counterparty has as total market cap of 2,613,892.

FAQ

What is the current price of Counterparty?

We update our Counterparty to CAD currency in real-time. Get the live price of Counterparty on Coinbase.

What is the market cap of Counterparty?

The current market cap of Counterparty is CA$31.91M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Counterparty?

The all-time high of Counterparty is CA$141.95. This all-time high is highest price paid for Counterparty since it was launched.

What is the 24 hour trading volume of Counterparty?

Over the last 24 hours, the trading volume of Counterparty is CA$3.82K.

What other assets are similar to Counterparty?

Assets that have a similar market cap to Counterparty include Manchester City Fan Token, Bifrost, FC Porto Fan Token, and many others. To see a full list, see our comparable market cap assets.

How many Counterparty are there?

The current circulating supply of Counterparty is 2.6 million.

Can I buy Counterparty on Coinbase?

No, Counterparty is not currently available on Coinbase, but you can sign up to get the latest news on Counterparty and be notified when it gets added to our exchange.