Counterparty Co-Founder: ‘We Do Not See Overstock’s Medici as a Competitor’
Counterparty, one of the first Bitcoin 2.0 platforms in existence, has come a long way since its flaming entrance into the market in 2014. To create Counterparty on top of the Bitcoin blockchain, 2,100 bitcoins were “burned.” Since then, Counterparty has established itself as a go-to platform for p2p digital asset exchange. In fact, almost two-thirds of Bitcoin 2.0 startup crowdsales have been completed on the Counterparty platform in a never-before-seen, decentralized manner. Counterparty has now teamed up with MathMoney f(x) to launch symbiont.io, a fintech company looking to build the....
Related News
Fresh off the announcement of a new partnership with Overstock, Counterparty is announcing the founding of the Counterparty Foundation, a new non-profit organization. The Counterparty Foundation will be established with the help of Perkins Coie, a law firm that advises many cryptocurrency companies. The Counterparty Foundation will provide enhanced structure and services to the growing Counterparty ecosystem; something that Counterparty founders say has been a much-demanded feature. Also read: Medici Will Be a Real Bitcoin 2.0 Stock Exchange. Counterparty was founded by Robby Dermody, Evan....
E-commerce giant Overstock.com has become the first company to offer qualified buyers the option of purchasing corporate bonds that will trade using Bitcoin's blockchain protocol. In a speech last year at Inside Bitcoins Las Vegas, Overstock CEO Patrick Byrne announced a special partnership with Counterparty that led to the creation of a project known as Medici. The Medici project was designed to create a decentralized stock exchange within the Counterparty platform. Thus, the Medici project itself is based on blockchain technology. The bonds will be sold privately and will sell for a....
Medici Ventures has completed a third equity purchase in Barbados-based Bitt, bringing it a controlling interest in the blockchain firm.
Overstock has confirmed that Counterparty co-founders and developers Robby Dermody and Evan Wagner are no longer working on its decentralized stock market project Medici. The announcements come amid a shift in priorities for the high-profile crypto 2.0 project, first announced in October. At the time, Overstock indicated that it had hired Dermody and Wagner after vetting developers of notable 2.0 projects. Overstock director of communications Judd Bagley indicated that the move coincides with a shift in Medici's development that will help the company build on a wider variety of protocols....
One of the major news items (so far) this month has been Overstock.com's plans to launch a crypto stock exchange named Medici. As part of those plans, the online retailer (which begun accepting bitcoin at the beginning of this year) hired developers from Counterparty to make the exchange platform happen. Counterparty is a peer-to-peer, decentralized platform that allows its user base to "create and trade their own tokens for bitcoins and XCP," in addition to speculating and hedging against currencies, commodities, and more. And they're planning to aid in their own future growth with the....