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Questions related to the Counterparty project (https://github.com/CounterpartyXCP)

1 vote

What will happen when nLockTime is used along with Counterparty transactions

Counterparty uses the Blockchain for timestamping only. It doesn't use it as a ledger since it builds it's own "parallel" ledger. … As a result most advanced functionality of the Bitcoin ledger can't work on Counterparty: nLockTime SPV Payment Channels and lightning networks (very important for scalability) Unconfirmed transaction …
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4 votes

What are some of the advantages & disadvantages of the following: Colored Coins and Counterp...

The protocol is final, so it is more robust and future-proof than counterparty. … Colored coins is cheaper to use than counterparty as counterparty has specific fees you need to pay, in addition to the miners fees. Colored coins only has the miners fees. …
Flavien's user avatar
  • 1,067
0 votes

Transparent Crypto Bitcoin 2.0 Technologies vs Anonymous Bitcoin Crypto 2.0 technologies?

Disclaimer: I work for Coinprism. Coinprism is based on an open protocol called Open Assets (placed in the public domain). Colorcore is an open source implementation of that protocol. The Open Asset …
Flavien's user avatar
  • 1,067