Counterparty Classic

Counterparty Classic is the original version of Counterparty which was first created and launched in 2014 via the “Proof of Burn” system where 2,130 Bitcoins were provably destroyed to created the native XCP utility token used on the Counterparty Platform. Counterparty Classic is a token platform which extends Bitcoin in new and exciting ways and is a community driven version of Counterparty where the community proposes, discusses, decides, funds, and integrates changes into to the Counterparty Classic Protocol via the Counterparty Improvement Proposal (CIP) system.

Latest News

Counterparty-lib 9.62.0 released!

Nov 25, 2024 | News

Today counterparty-lib releases version 9.62.0 which includes replay protection and the following updates : Added replay protection to change prefix to "XCP" at block #873,000 on mainnet (more info) Update to trigger dispense on any transaction outputs with BTC (more...

Counterparty Community Update / Ledger Fork

Oct 25, 2024 | News

Community Updates Recently the Counterparty 2.0 core devs released a new version of the counterparty-core software 10.4.0, which added some exciting new features (fair minting, atomic swaps, etc.) as well as some controversial changes that changed the way dispensers...

Counterparty-lib 9.61.1 released!

Dec 1, 2023 | News

Today counterparty-lib releases version 9.61.1 which fixes a parsing issue which stops counterparty from parsing. Fixed invalid null`` description on first issuance`` - [more info] Fixed issue with transaction_outputs table not handling reorgs properly - [more info]...

Counterparty Classic Features

Issue Assets / Tokens

Issue named assets / tokens (ex. PIZZA), as well as numeric assets (ex A1234…). Once you have secured your asset name, you can then issue tokens which can then be used in your project and distributed to users for them to buy, sell, and trade.

Subassets

In addition to issuing named assets, you can issue child assets called subassets. For instance, if you owned the PIZZA asset, you could issue subassets PIZZA.Coupon, PIZZA.Dominos, PIZZA.Hut or any other PIZZA subasset up to 250 characters.

Decentralized Exchange

One of the most powerful tools on the platform is the Decentralized Exchange (DEX) which allows users to buy, sell, and trade assets / tokens in a fully decentralized and trustless and risk free way with no need to rely on a 3rd party to escrow funds.

Dispensers / Vending Machines

Setup vending machines to sell your token for a fixed amount of Bitcoin. When a buyer sends a valid payment to the dispenser, they are automatically credited back with the token that the dispenser is selling. The dispenser operates until it is closed by the seller or runs out of tokens.

Sends & Multi-Sends (MPMA)

Wether you want to send a single token to a user, or send a bunch of tokens to many users at the same time, the platform allows both actions. *Multi-Peer-Multi-Asset Sends (MPMA)” allow for sending many tokens to many users in a single transaction, saving you $$$.

Dividends

Pay dividends to holders of your token proportional to the percentage of the token the holder has. Dividends can be paid out in Bitcoin, XCP, or any other Counterparty asset, and are a great way to distribute profits to your token holders or reward them with tokens.

Broadcasts

Broadcast any message to the Bitcoin blockchain to forever be inscribed into the annuls of history. Want to let the world know about your new project, direct people to your website, or just write some “Kilroy was here” graffiti on the blockchain? Do it with a broadcast.

Oracle System

Utilizing the broadcast functionality built into the platform, anyone can setup and operate an oracle to broadcast truth to the blockchain. Feeds can be setup to broadcast all kinds of real-world truth including, FIAT coin prices, sporting event results, even random number generation.

Betting System

A completely decentralized and trustless betting system has been built into the platform which uses the oracle system to determine the results of an event. Users are able to place bets on events, XCP is escrowed by the protocol, and automatically distributed to the winners.

Sweeps

Users can move all of their token balances and transfer asset ownerships from one address to another address in a single transaction instead of each token and transfer requiring a separate transaction, which minimizes the amount of BTC needed to move things around.

Destroys

Sometimes users will want to destroy some of their tokens in a provably secure way, either because they have issued too many, or because they need a way to reduce the available supply. With destroys users are able to destroy tokens and have the available supply reduced.

Over 10+ Years of Expert Developers Contributing to Counterparty Classic!

Counterparty was initially created by a group of co-founders who left to persue other endeavors shorty after the platform was launched in 2014, much like the way Satoshi Nakamoto launched Bitcoin and then left it to the community.

Over the 10+ years of Counterparty’s existence, more than 30+ highly intelligent and motivated community members have contributed to building and expanding the Counterparty protocol via the Counterparty Improvement Proposal (CIP) process. Below are just of few of these highly motivated developers and community members.