Horn
5th March 2014, 09:48 AM
Counterparty is a distributed financial system built on top of the Bitcoin blockchain. Counterparty’s focus is on enabling the creation and use of financial instruments (such as company stock and other asset issuance, betting, derivatives/hedging, distributed asset exchange, and more) to occur on top of Bitcoin. As Counterparty transactions are encapsulated within valid Bitcoin transactions, they inherit the scalability and security of Bitcoin itself.
Why build your crypto-financial application on top of Counterparty?
The core Counterparty features are available for use today (http://counterpartyd-build.readthedocs.org/en/latest/), and are indeed in use (http://blockscan.com/tx.aspx).
The Counterparty protocol and rules are defined and straightforward (https://github.com/PhantomPhreak/Counterparty), which makes implementation quicker and less error prone.
Counterparty’s launch utilized proof of burn (https://en.bitcoin.it/wiki/Proof_of_burn), with no funding advantage given even to the core developers. It was arguably one of the fairest cryptocurrency launches to date.
Similar to Bitcoin, Counterparty has a fully functional reference client (https://github.com/PhantomPhreak/counterpartyd) (counterpartyd) with a well-defined JSON-RPC API (http://counterpartyd.readthedocs.org/en/latest/API.html). This allows for rapid application development on top of the Counterparty protocol.
Counterparty is not dependent on one individual or one group of people. It operates as a decentralized effort, leveraging the full power and ability of the community at large, with a well defined set of principles and social contract (https://counterparty.co/wiki/counterparty-project-principles) between the community and the core development team.
https://www.counterparty.co/about/
Why build your crypto-financial application on top of Counterparty?
The core Counterparty features are available for use today (http://counterpartyd-build.readthedocs.org/en/latest/), and are indeed in use (http://blockscan.com/tx.aspx).
The Counterparty protocol and rules are defined and straightforward (https://github.com/PhantomPhreak/Counterparty), which makes implementation quicker and less error prone.
Counterparty’s launch utilized proof of burn (https://en.bitcoin.it/wiki/Proof_of_burn), with no funding advantage given even to the core developers. It was arguably one of the fairest cryptocurrency launches to date.
Similar to Bitcoin, Counterparty has a fully functional reference client (https://github.com/PhantomPhreak/counterpartyd) (counterpartyd) with a well-defined JSON-RPC API (http://counterpartyd.readthedocs.org/en/latest/API.html). This allows for rapid application development on top of the Counterparty protocol.
Counterparty is not dependent on one individual or one group of people. It operates as a decentralized effort, leveraging the full power and ability of the community at large, with a well defined set of principles and social contract (https://counterparty.co/wiki/counterparty-project-principles) between the community and the core development team.
https://www.counterparty.co/about/