Counterparty vs ethereum exchange
Back then, early speculators in Bitcoin, flush with newfound crypto-fortune, plunged their money back into emerging cryptocurrencies. This was done partially for fun see Dogecoin and other novelties but also to chase the same kind of returns they enjoyed from Bitcoin investments.
For now, that bull run has continued unabated. What explains the price increase? Bitcoin is a relatively bare-bones blockchain system that requires layers of protocols to be built on top of it to make it a usable platform for utilities like smart contracts. Platforms like Counterparty and Omni are both built on the Bitcoin blockchain and have sprouted their own collection of digital assets and services that ride on top of them. Ethereum, on the other hand, was launched with its own scripting language baked in, making it possible to build complex smart contracts, decentralized autonomous organizations DAOs , decentralized autonomous apps DApps and even other cryptocurrencies with relative ease.
This ease of development, combined with the rising price of Ether and a desire by early stakeholders to re-invest in the Ethereum ecosystem, has made Ethereum the platform of choice for crypto-asset entrepreneurs — at least for now.
From zero percent of the monthly asset offerings less than a year ago, to more than half of all the closed or announced ICO events tracked on that page, the growth of Ethereum is impressive. The table lists names, blockchain platforms, market capitalizations and prices of some assets.
Although roughly a third of the assets listed were built on Ethereum, just over three-quarters of the market value of all of these assets is tied up in assets built on top of the Ethereum platform.
This is roughly half of all the value attached to Ethereum-based assets and more than a third of all the market value of crypto-backed assets and tokens in general. The value of crypto-assets listed on CoinMarketCap is divided between those built on Omni and those built on Counterparty.
By avoiding funding during its launch, Counterparty has ensured that developers and users have equal financial opportunities. During January , Counterparty used proof of burn to issue XCP, instead of a more traditional fund-raising technique for altcoin launches, to keep the initial distribution of funds as fair and decentralized as possible, and to avoid potential legal issues. Both are open source and hosted on GitHub. Since Counterparty Assets are created within the bitcoin blockchain, the assets actually exist in any bitcoin block explorer, however, to decode the information on what bitcoin address has what asset an additional layer of block exploration needs to be applied.
Currently there are two block explorers you can use to locate Counterparty assets in bitcoin wallets:. From Wikipedia, the free encyclopedia. Not to be confused with counterparty. This section needs additional citations for verification. Please help improve this article by adding citations to reliable sources.
Unsourced material may be challenged and removed. March Learn how and when to remove this template message. This section contains content that is written like an advertisement. There are many differences between the two platforms. Ethereum is far better known, with many being unaware of CounterParty or its additive feature-set.
Ethereum has its own blockchain, Counterparty lives on top of Bitcoins. The main difference between the two platforms stems from their ability to create and execute Smart Contracts.
Until recently, Counterparty could implement only basic smart contracts, executable only by their communities Core Developers. Developers on Ethereum have noted that, though CounterParty does increase Bitcoins functionality by adding most of Ethereums current features, that this may not remain the case as their platform continues to be developed. Though understated, their rivalry will continue to push these respective technologies forward, to the benefit of the digital currency space as a whole.