A new foundation has been elected and that really cool.
It might bring in new energy and life back to XCP not seen before.
But I have question and a proposalish that Foundation should address.
How will Counterparty scale?
Sidechain or LN?
Omni has gotten funding from Tether to make Omni use LN.
With plans(maybe??)to expand it features using this? (maybe not iffy right now)
RGB has also gotten funding from Bitfinex which is another LN token project expect it has no ICO or intermediary token like Omni/XCP.
Where does this leave XCP?
I remember reading about how when XCP added smart contracts it brought so much buzz that it was thought to enough to rival Eth. It even helped coin the term maximalist…
But it failed to scale as Bitcoin slowly transitioned to go full on offchain scaling.
Should XCP follow the same steps of Omni and use LN with Rainbow Network(?) to gain DEFI like features?
Or do something like RSK and add smart contract like it once had?
XCP could interact with sidechains to maybe act like masternodes and gain a cut of the fees and vote for Federation members acting like a DAO?
IDC much really.
I respect XCP for what it can do.
I hold no loyality to it but to Bitcoin itself.
XCP helped extend Bitcoin but others exist and that just including the bitcoin based ones.
Best of luck to the Foundation and to the team.
Hi all, I was happy to see a new counterparty foundation board of directors elected.
However, since the their election, I have been unable to find any updates or signs of life that the board is active and making progress.
Is there anywhere I can go to find out more info regarding the new board’s activities and goals?
Given that counterparty is hanging on by a thread with just one real exchange listing (Zaif), they need to start improving outreach ASAP.
XCP is one of just a few crypto assets approved on the Japanese Ministry of Finance’s white list, and that gives it a huge advantage in finding approval for new exchange listings in Japan. It would be a shame for the project to die.