EB74 '" Robby Dermody: Counterparty - Assets, Dividends And Decentralized Exchange

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In the crowded race to become the leading '˜Bitcoin 2.0' platform, Counterparty has stood out by avoiding fancy crowdsales and instead building a platform that works. The protocol, which sits on top of Bitcoin and thus benefits from the security of its mining power, allows issuing assets, paying dividends or trading in a decentralized way. Over the past year, it has been the platform of choice for many crowdsales and is also what powers LTBCoin.

Co-Founder Robby Dermody joined us for a discussion of the features and evolution of the project.

Topics covered included:

• Why they create the initial XCP supply by destroying bitcoins


• What the different components of the Counterparty system are


• What distinguishes embedded consensus systems like Counterparty


• Why crowdfunding has become a major use case for Counterparty


• Why Counterparty's Ethereum-style smart contracts will play an important role in the future


• Their new company Symbiont, which aims to commercialize Counterparty's technology

Links mentioned in this episode:

• Counterparty


• Counterparty Architecture


• Devon Weller A Specification for the Counterparty Protocol


• Counterwallet


• Symbiont


• Blockscan Voting Scoreboard

Sponsors:

• Buy and sell alt coins instantly with http://ShapeShift.io

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Epicenter Bitcoin is hosted by Brian Fabian Crain & Sƒbastien Couture.

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