Epicenter – Podcast on Blockchain, Ethereum, Bitcoin and Distributed Technologies

#074 Robby Dermody: Counterparty – Assets, Dividends and Decentralized Exchange

Epicenter – Podcast on Blockchain, Ethereum, Bitcoin and Distributed Technologies

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In the crowded race to become the leading ‘Bitcoin 2.0’ platform, Counterparty has stood out by avoiding fancy crowdsales and instead building a platform that works. The protocol, which sits on top of Bitcoin and thus benefits from the security of its mining power, allows issuing assets, paying dividends or trading in a decentralized way. Over the past year, it has been the platform of choice for many crowdsales and is also what powers LTBCoin.

Co-Founder Robby Dermody joined us for a discussion of the features and evolution of the project.

Topics covered in this episode:

  • Why they create the initial XCP supply by destroying bitcoins
  • What the different components of the Counterparty system are
  • What distinguishes embedded consensus systems like Counterparty
  • Why crowdfunding has become a major use case for Counterparty
  • Why Counterparty’s Ethereum-style smart contracts will play an important role in the future
  • Their new company Symbiont, which aims to commercialize Counterparty’s technology

Episode links:

This episode was hosted by Brian Fabian Crain & Sébastien Couture, and is availble on YouTube, SoundCloud, and our website.

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