Counterparty (XCP)

From CryptoWiki


TypePeer-to-Peer Decentralized Exchange
Consensus mechanismNot Mineable. Uses the Bitcoin Blockchain
Total supply2.6 million

"Counterparty uses another chain as a layer built on top of the BTC network and OP_Return opcode transactions tie the assets to the BTC chain. In order to create the Counterparty (XCP), the original team burned 2,140 BTC by sending the coins to a provably unspendable Bitcoin address. The proof-of-burn (PoB) system bootstrapped the cryptocurrency XCP which is used within the system to create new tokens, bets, and callback callable assets."

Team, etc.