Page Summary
Counterparty is a peer-to-peer open-source financial platform protocol built on the Bitcoin blockchain. Counterparty was one of the first ‘Bitcoin 2.0’ or NFT platforms. Counterparty launched during the same era as Colored Coins, Ripple, Bitshares, and Ethereum. Users of the platform can create their own currencies and financial instruments. After they created their own digital assets, they can trade them decentralized. XCP is the native currency of the Counterparty platform.
The founders created Counterparty in 2014 using a ‘proof of burn’ system. This is an alternative to crowdsales or ICOs, whereas many possible sources of unfairness at launch are burned. You can ‘burn’ tokens and coins by sending them to an unspendable Bitcoin address. To create the initial XCP tokens to launch the network, Counterparty sent 2140 BTC to such an address.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Stefan Grasic (Dipl.-Jur) is the owner of Business24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active stock, CFD, crypto and general investment researcher, advising blockchain companies such as Blockbird, GoCrypto, Hive Terminal at their start up level. Stefan began trading in 2010 as a college student. Money was tight,…