The Bitcoin Cash (BCH) fork just received a major digital asset support boost from the Counterparty Cash protocol.
Following a series of releases that began in February of this year, Counterparty Cash (XCPC) began to roll out a wave of crypto community empowering functionalities to the Bitcoin Cash community.
Counterparty Cash adds infrastructure enhancements on top of the Bitcoin Cash blockchain that provides crypto exchangers on that digital ledger the ability to issue non-financial tokens, perform asset underwriting services tied to the BCH blockchain and create proprietary financial instruments.
Implementing the protocol on BCH, as opposed to on its parent Bitcoin (BTC), will mean that users of these Counterparty Cash services will be charged the lower transaction fees of the BCH network and experience faster transaction times. XCPC sits on top of an existing network, BCH in this case, which it uses as its transport layer. The Counterparty Cash XCPC tokens will be the currency used to fund the creation and execution of smart contracts on the BCH blockchain.
Crypto community reception of the Counterparty functionality has been overwhelming with the 1-day trading volume being reported at $2.05 million USD earlier this week. Defined as a proof of work stake coin, Counterparty differentiates itself from other cryptocurrencies, defining itself as a payment/peer to peer transaction-based offering.
The XCPC functionality really goes beyond the notion of basic peer to peer functionality, instead allowing users to engage in much more complex financial transactions over the Bitcoin Cash blockchain by allowing them to tokenize assets that can be tied to secure smart contracts and recorded on the blockchain ledger.
Not available for direct purchase using USD, XCPC can be exchanged for supported cryptocurrency coins including BCH, BTC and ETH. Counterparty Cash users will not only experience lower fees and significantly faster transactions than are available on BTC, use of the platform will enable virtual distributed exchanges to be constructed, supporting exchange of tokens without involving an intermediary. (See more about Jordan Lindsey on Crunchbase: Jordan Lindsey))
Jordan Lindsey is the founder of JCL Capital. The former New York native settled in San Francisco where he currently lives with his wife and their daughters.
Lindsey is the creator of the Nucleus token on the Waves platform.
He is a self-taught computer programmer, and Lindsey created his own platform the Bitcoin Growth Bot to expand investment support options in the cryptocurrency industry.
Jordan Lindsey attended Mount Angel Seminary and Saint Joseph’s College. View More Information Here.
Watch Lindsey on: https://www.youtube.com/channel/UCm7_9AtRSSq5uNdhhnXAKAA