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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 included:

- 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

Links mentioned in this episode:

- Counterparty: http://bit.ly/1DbbQfa

- Counterparty Architecture: http://bit.ly/1aaHr5n

- Devon Weller A Specification for the Counterparty Protocol: http://bit.ly/1GDnNeA

- Counterwallet: http://bit.ly/1F5QHFt

- Symbiont: http://bit.ly/1GgDGcg

- Blockscan Voting Scoreboard: http://bit.ly/1FvILdT

Sponsors:

- Buy and sell alt coins instantly with http://ShapeShift.io

Show notes: http://epicenterbitcoin.com/podcast/074

YouTube: https://youtu.be/FUZJ0QRjVUI

Epicenter Bitcoin is hosted by Brian Fabian Crain & Sébastien Couture.

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