Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 118. (Read 1276789 times)

Since we use the -addrindex, separated wallet from counterparty-server,  are we there yet,  where we can have public counterparty-servers to respond to thin counterparty-clients?

I think one issue that deters ppl from participating  is it requires quite a dedication to set server up.

If there were a list of servers for a thin client to use, like electrum model,  it would gear up the adoption.

the room is empty.

Bitcoin has the most secure and time-tested blockchain. To new businesses, Bitcoin is the only crypto worth using. It is the reason Medici is using Counterparty. One can argue the virtue of other cryptos, but they are all theoretical unless they see actual adoption and move beyond their initial development phase. XCP would not be close to where it is today without Bitcoin. It's a good thing that XCP doesn't use it's own blockchain as I've seen dozens of cryptos fizzle away, and when they do, their mining network follows.

The reason I still haven't sold anything is that they could port it to any other blockchain anytime and Counterparty has the least legal baggage which is an asset. The Counterparty team has all it needs to come out as a big player in the industry. I just wish that they would think a little bit more visionary since Bitcoin / Proof of work and running a meta protocol on a (Bitcoin) network that is secured/powered by inflation is economically flawed.

The developers chose Bitcoin because they think it's the most secure blockchain (this is debatable). I agree with you that Bitcoin's slowness is a major drawback for Counterparty and that it is hindering its adoption. However, it's possible for Counterparty to move to another blockchain. If enough people complain about it then they might do it.

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Ah ok i thought Bitcoin Dark i was lost
Thanks for the explanation

It seems to me that Counterparty has a lot going for it but will it always be considered "slow" compared to other 2.0 tech since it's based on Bitcoin which takes a long time to confirm transactions?

Sure!! It would be great!

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Awesome, I think this is exciting news for developers that want to use Counterparty.

Also it seems some people may have missed this, it's from the Counterparty Foundation news page:


http://counterpartyfoundation.org/notes-from-the-second-counterparty-foundation-board-meeting/

New development update is live with detailed information about new releases: http://counterparty.io/news/counterparty-development-update-14/

I am really liking the separation of the core counterpartyd into a separate library. Its really slick.. +1.  The standalone command line tools are also great.  Thank you !

BTCD is an alternative implementation of a Bitcoin full node (like Bitcoin Core formerly known as Bitcoind).

These current improvements to Counterparty are purely structural and make the entire implementation more 'modular'. In very simple terms this makes it much more friendly to developers, by breaking up the structure of the code into separate 'compartments'. You might need one part, but not the other. You might to connect one with something, but not something else. Etc. It also makes it clear what part of the code is fragile to change, and what can be changed freely.

This is a direct response to various concerns voiced by the community, as some projects and developers faced challenges. This move towards a 'plug-in' mentality, clarity and expansion is essentially a statement by the developers showing that Counterparty is not a standalone 'program'. Counterparty is an open-source protocol that invites developers to experiment and explore.



As JahPowerBit said, You can make light wallets, GUIs and applications with much less effort now.

For people following the Counterparty project on github (something I really recommend), you may have noticed that documentation is being completely redone as well. https://github.com/CounterpartyXCP

It's easy to deduce that this is a clear effort in speeding up the development of 3rd party applications, reducing the learning curve and risk for new developers, and creating a more stable platform.

Let's get coding, party people

Huh what BTCD 

Not exactly: `counterparty-lib` is used by `counterparty-server`(part of `counterparty-cli`) to run the RPC server, and `counterparty-client`(also part of `counterparty-cli`) communicates with `counterparty-server` and a wallet.

Main benefits:
- Clear distinction between block explorer and wallet dependencies: Applications like CW not needs any more to have a running Wallet in the server. This mades possible for instance to add support for BTCD very easily. Also light wallet is easiest to develop with this architecture: you can use a distant block explorer (like BCI) and a local light wallet (like pyrpcwallet)
- Clear distinction between applications and library: One can develop easily an alternative CLI or GUI (or any other "Crypto Application") just by using `counterparty-lib` as a classical Python library. Also `counterparty-lib` contains now only code related to the protocol, this makes clearer what should be covered by the test suite in priority, and in general makes easier to maintain the "core" code.
In short this update is another step forward to make Counterparty the standard framework to develop Bitcoin 2.0 Applications.

Your questions are answered by the following links

http://counterparty.io/news/counterparty-development-update-11/
http://counterparty.io/news/counterparty-development-update-13-new-architecture-explained/

not so updated with the development. So counterpartyd breaks into counterparty-lib which is like "counterpartyd server" and counterparty-cli will do rpc requests as client side ? What are the benefits ?