While many cryptocurrencies exist as competitors to or as evolutions of the Bitcoin protocol, there are other initiatives that instead seek to cooperate and bolster the pioneer blockchain. Perhaps the oldest and most profound of these projects is Counterparty, an asset layer created directly on the Bitcoin blockchain. What is Counterparty? Counterparty (XCP) is a peer-to-peer financial system built directly upon Bitcoin’s blockchain protocol. The coin positions itself as an asset layer on top of Bitcoin and a system that allows for the creation, transfer, and communication of tokens, artwork, and digital assets. Additionally, XCP features its own decentralized exchange for safelyPowered by WPeMatico