Miner.farm Crypto Currency Community Forum

Browse and post your favorite coin/crypto news, miner.farm and PiMP OS updates and announcements, mining guides, overclocking tips, and more...

Note: To change your forum username: login, click your avatar icon (top right?), Edit Profile. Change the "full name" field to your preferred username.

Quick Links

Counterparty Cash Announces ERC20 Competitor with Edge Wallet Support for Tokens

  • Staff

    Counterparty Cash Announces ERC20 Competitor with Edge Wallet Support for Tokens

    This past January a project was launched that revealed a forked version of the crypto-derivative platform, Counterparty, and its being built for the Bitcoin Cash (BCH) network. Now this week, at the Cryptopulco event in Mexico, the creator of the new BCH token infrastructure, Julian Smith, has announced that Counterparty Cash (XCPC) and all assets, tokens, and instruments released on the protocol will work natively in Edge mobile wallet including the protocol’s own XCPC token.

    Also read: The ICO Scam Train Arrives in Sweden – Meet “Starflow”

    The Ecosystem Building Around Bitcoin Cash Is Very Healthy

    Counterparty Cash Announces ERC20 Competitor with Edge Wallet Support for TokensOn February 18 news.Bitcoin.com spoke with the creator of the Counterparty Cash (XCPC) protocol, a project that aims to add tokenized assets to the BCH network. Julian Smith tells us that the Counterparty Cash Association (CCA) based in Zug, Switzerland has formed a partnership with the cryptocurrency wallet provider Edge (formally Airbitz). This means that all assets and tokens based off of the XCPC protocol will work natively with Edge Mobile. Further, the blockchain logistics startup Blockfreight, Bitcoin Cash Parity, and Bitcoin ABC implementations will also support the Counterparty Cash infrastructure.

    “I think that Counterparty has been an excellent experiment for Bitcoin and will be valuable to users on Bitcoin Cash,” explains Bitcoin ABC lead developer, Amaury Séchet at the Cryptopulco conference.

    I see that between this initiative and similar projects working on tokenization and new OP_Codes being enabled in future releases, the ecosystem building around bitcoin cash is very healthy.

    Essentially An ERC20 Protocol Competitor

    <figure id="attachment_116182" style="max-width: 167px" class="wp-caption alignright">Counterparty Cash Announces Edge Wallet Support for Token Assets

    <figcaption class="wp-caption-text">Julian Smith the creator of Blockfreight and Counterparty Cash.</figcaption>


    Julian Smith who is also the founder of Blockfreight believes that the Counterparty Cash system and the ‘meta-protocol’ concept that utilizes the margin of a bitcoin transaction for declaring a specific tokenized application will help bolster BCH innovation. “Bringing this core concept to bitcoin cash is a natural extension and useful service to higher frequency on-chain transactions of many business models from financial instruments to bonds, warrants and equity within a project,” Smith explains.

    What Counterparty Cash brings to bitcoin cash is essentially an ERC20 protocol competitor. In my view 2018 will see a 10x increase of token offerings on Counterparty Cash over Counterparty tied to bitcoin core.

    Android and iOS Mobile Wallet Support and the Construction of Distributed Exchanges

    Besides token offerings, XCPC will allow any bitcoin cash user the ability to underwrite assets and issue financial instruments and non-financial tokens, ticketing, licenses and redemption rights on the BCH chain. Adding a Counterparty infrastructure to the BCH network coupled with the system’s lower fees and faster transaction times will also enable the construction of a Distributed Exchange (DEX) that allows trading tokens without an intermediary.

    <figure id="attachment_116191" style="max-width: 585px" class="wp-caption aligncenter">Counterparty Cash Announces Edge Wallet Support for Token Assets

    <figcaption class="wp-caption-text">Edge mobile wallet was launched this week.</figcaption>


    The Edge mobile wallet was fully launched this week and allows users to hold multiple cryptocurrencies like bitcoin cash in a non-custodial fashion. Paul Puey the founder and CEO of Edge looks forward to enabling support for the tokenized BCH assets using the Counterparty Cash protocol.

    “We have taken everything we have learned about making a bitcoin mobile wallet simple and a familiar user experience and extended that to other digital tokens,” Puey said during the conference. “Adding the ecosystem of projects adopting Counterparty Cash into Edge is on par for making Edge one of the easiest, most familiar and safe mobile wallet experience for all of our user’s key digital assets.”

    What do you think about the Counterparty Cash team partnering with the Edge wallet platform? Let us know in the comments below.

    Images via Shutterstock, Counterparty Cash, and Edge.

    Have you seen our new widget service? It allows anyone to embed informative Bitcoin.com widgets on their website.

    The post Counterparty Cash Announces ERC20 Competitor with Edge Wallet Support for Tokens appeared first on Bitcoin News.



Want 10% more hash from your rigs?

We promise to keep your email safe and never spam you.

© 2014-2021 Miner.farm | By Miners, For Miners | Portable Instant Mining Platform, LLC