From f40cc3fb2be044aa80b8d52604da237cf9b75e77 Mon Sep 17 00:00:00 2001 From: "judymcconville@roadrunner.com" Date: Tue, 2 May 2017 13:06:46 -0700 Subject: [PATCH] Edited ch12.asciidoc with Atlas code editor --- ch12.asciidoc | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/ch12.asciidoc b/ch12.asciidoc index 0fb35c7e..6c2a8e8d 100644 --- a/ch12.asciidoc +++ b/ch12.asciidoc @@ -204,7 +204,7 @@ u=https://cpr.sm/FoykwrH6UY === Counterparty -((("blockchain applications", "Counterparty")))((("Counterparty")))((("smart contracts")))((("Ethereum Virtual Machine (EVM)")))Counterparty is a protocol layer built on top of bitcoin. The Counterparty protocol, similarly to colored coins, offers the ability to create and trade virtual assets and tokens. In addition, Counterparty offers a decentralized exchange for assets. Counterparty is also implementing smart contracts, based on the Ethereum Virtual Machine (EVM). +((("blockchain applications", "Counterparty")))((("Counterparty")))((("smart contracts")))((("Ethereum Virtual Machine (EVM)")))((("extrinsic asset management")))((("virtual asset managment")))Counterparty is a protocol layer built on top of bitcoin. The Counterparty protocol, similarly to colored coins, offers the ability to create and trade virtual assets and tokens. In addition, Counterparty offers a decentralized exchange for assets. Counterparty is also implementing smart contracts, based on the Ethereum Virtual Machine (EVM). Like the colored coins protocols, Counterparty embeds metadata in bitcoin transactions, using the +OP_RETURN+ opcode or 1-of-N multisignature addresses that encode metadata in the place of public keys. Using these mechanisms, Counterparty implements a protocol layer encoded in bitcoin transactions. The additional protocol layer can be interpreted by applications that are Counterparty-aware, such as wallets and blockchain explorers, or any application built using the Counterparty libraries.