Counterparty vs ethereum mistake

However, it is not the only smart contract platform. Efforts have been made to implement them on other blockchains including bitcoin itself. These efforts have not been fruitless. Counterparty has a solution that uses bitcoin's blockchain and can even run smart contracts written in the same language as Ethereum. Lisk is another alternative which allows developers to create apps using JavaScript and sidechains.

What are your opinions on the future of smart contracts? Will the Ethereum experiment flourish over time, or be superseded by technologies built upon the more established bitcoin blockchain? Will something else come along that's even better and more groundbreaking? Smart contracts in Ethereum are written in more natural way, its mechanism was implemented from the beginning. Lisk - making spaceship with stone hammer. Alternately, Counterparty tokens can be created and used by anyone, within the amount of time it takes for a normal Bitcoin transaction to be confirmed.

Then, they locate the token creation area within any compatible wallet of their choice. They choose a name for the token, the amount to mint, and whether the token amount should be locked. Once a token is created, it can be sent or received by any existing Bitcoin address though only addresses viewed via a counterparty wallet will be able to see, and correctly utilize, the tokens. 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.