What is counterparty cryptocurrency?

The technology that allows Counterparty nodes to communicate with each other via the Bitcoin blockchain. Create your own digital tokens in a matter of seconds, which can represent anything and are easily exchanged peer-to-peer. The native currency of Counterparty, used for advanced features and representing stake in the protocol.

What is XCP & counterparty?

The essence of this cryptocurrency is mainly captured in two main facets – Counterparty and XCP. First, we have Counterparty, the platform which is the supportive framework that allows the exchange and creation of currency. The platform is decentralized in such a way that independence of processes and transactions is assured.

What are counterparty tokens?

Create your own digital tokens in a matter of seconds, which can represent anything and are easily exchanged peer-to-peer. The native currency of Counterparty, used for advanced features and representing stake in the protocol. Secure, fast, and user-friendly web, browser and mobile wallets that provide all the power of Counterparty.

Does bitcoin solve counterparty risk?

Bitcoin effectively solves counterparty risk but other parts of the cryptocurrency business, like exchanges, are exposed to counterparty risk. When a bank makes a loan to one of their customers, the bank is taking on counterparty risk. After all, there is a risk that their customer may be unable to pay back the loan.