Counterparty(XCP)

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XCP is the native token of Counterparty. It is a technical necessity for adding advanced features to Counterparty, which by nature require a protocol aware currency. Bitcoin can only be aware of BTC, while Counterparty can be aware of both BTC and XCP itself. This makes it possible to escrow funds, trade in a decentralized manner, and harness the full potential of programmable money.

Note: It is a common misconception that XCP is a competitor to Bitcoin, when in fact it cannot exist without it. And even though XCP is not a traditional currency, it serves a steady and critical purpose within the Counterparty ecosystem.

Check out the #Counterparty Hangout here if you were unable to join us! just want the highlights? We've got those too! $XCP #Bitcoin #Blockchain $BTC counterparty.io/news/counterpa…

The Counterparty Hangout audio will be posted Friday alongside a summary and condensed transcript!