This platform is built on top of the Bitcoin network, and it greatly increases the functionality of the original chain. This platform actually allows the Bitcoin chain to perform new tricks in line with what Ethereum offers. The wallet offers its users excellent ease of use, and it has integrated escrow smart contracts to allow for purchases to be more secure.
Projects that have launched on this platform include Age of chains, authparty, coindaddy, folding coin, Spells of Genesis, and Tokenly. These projects offer services ranging from blockchain based asset registration, tokenized e-commerce solutions, blockchain games, and even a charity based medical research platform.
Counterparty works by embedding data into other Bitcoin transactions. This allows it to carry the extra data needed for these additional services. Then by using XCP you can actually create your own token for any purpose you wish. Some use cases for this have been for crowdfunding, digital goods, voting, rewards mechanisms and even blockchain based asset registration.
Despite many interesting use cases and several projects utilizing the platform, this project has not taken off like the Ethereum network has. Investors who are looking to make a Counterparty investment should know that while this project is interesting, they are very far behind Ethereum now, but is it too late for XCP? You'll need to decide that for yourself.
While there aren't a ton of exchanges upon which one can buy Counterparty, they do have some very good listings. Investors looking to buy this asset can likely use one of their favorite exchanges to do so. Bitcoin is the highest value trading pair available, but there's also a substantial amount of volume held in a pair utilizing the Japanese Yen if that is your native currency.
XCP has several wallet partners who provide options for their users, but the best option would likely be the official web wallet. You should be able to utilize this wallet option on any device that has a browser, and so you are not limited or restricted based on your operating system. Always create a backup of your wallet to make sure that in the event that you lose your login information you can restore access to your funds. Never keep your funds on an exchange, because this is the place where most investors experience theft. Instead, utilize a safer private wallet, preferably even a cold storage wallet where your funds will be safe.