Counterparty XCP to Skychain SKCH Exchange

Crypto Pair Details: XCP to SKCH

Counterparty XCP

Counterparty is a platform for user-created assets on Bitcoin. It’s a protocol, set of specifications, and an API. Taken together, it allows users to create and trade assets on top of Bitcoin’s blockchain. In this way, Counterparty is similar to platforms like Waves or Ethereum. Of course, the difference is Counterparty integrates directly with Bitcoin. Therefore, it comes will all the security and reliability (and issues) that are part of the Bitcoin blockchain. This is a fairly old project. In fact, it pre-dates Ethereum with its launch in 2014. It was the original asset creation mechanism. As you’re probably aware, Counterparty has faded from prominence over the years. This is largely due to the rise of the ERC-20 token standard on Ethereum. While we’ve become used to calling blockchain assets, tokens, it doesn’t necessarily have to be the case. An asset can represent anything that has value or is rare. As a result, Counterparty steers clear of the word “token” in their marketing and documentation. They’re much more interested in digital assets of all kinds, not just currencies, securities, and utility tokens. Digital assets can be a digital marker of a physical object, an easy way to manage shares in your company, or reputation karma for a website. These are all types of assets you could create on Counterparty (or Ethereum or Waves, for that matter). Counterparty creates the set of rules, requirements, integrations, etc that are necessary for assets on the Bitcoin blockchain. It’s the infrastructure behind user-created assets in much the same way that the ERC-20 protocol sets up guidelines and standards for asset creation on Ethereum. One useful function of digital assets is as a marker of ownership or voting rights. Imagine a scenario where you issued a digital asset to each of your company’s board members in proportion to the amount of voting power held. Or if you gave your stockholders a digital asset as a marker of the amount of stock they owned. If you issued your stock asset, you could then use Counterparty’s distribution function to pay out dividends in BTC based on the amount of digital stock asset each person owned. Counterparty addresses many of the same issues as Ethereum or Waves, but on the Bitcoin blockchain. While that does come with some advantages, ultimately it is not as strong a platform for development as its competitors. It’s best suited for applications that need to interface with Bitcoin or assets that have a specific connection to the Bitcoin ecosystem.

Skychain SKCH

Skychain is an open infrastructure, based on blockchain, which provides the possibility to create, train and use high-quality medical neural networks. IBM estimates the artificial intelligence market in the healthcare sector to reach $200 billion in a few years. Skychain’s goal is to control more than 70% of that market! The way to achieve this goal is to create the best open infrastructure that will accumulate the resources of the majority of participants of this industry and surpass any closed corporate product. The mission of Skychain is to save 10 million patients from premature death due to medical errors within 10 years. Medical errors are the third leading cause of death, but artificial intelligence can dramatically reduce the number of such errors! Skychain intends to provide an infrastructure to radically increase the efficiency of healthcare AI development and training. It will make diagnostic AI systems far more accessible and affordable for the consumer by using blockchain technologies to facilitate safe transactions between the key parties. Skychain is unique. The project is based on the revolutionary approach of using smart contracts to bring together many healthcare big data providers whose data is vital for AI training, thousands of independent AI developers, computational resource providers (crypto miners), and millions of consumers.

SOURCE: COINGECKO

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