This technical discussion includes viewpoints from both Matthew Reichardt, founder of Gearvault ™, and Julian Smith, founder of Blockfreight ™. This discussion outlines what we believe the future of sub-asset usage in Counterparty should look like.
Counterparty is a remarkable technology that enables it's user base to easily deploy assets on-top of the Bitcoin blockchain. Those unique assets are one of the primary uses of the Counterparty network and can represent any financially fungible item: a new digital currency, asset redemption, tickets, and even game items.
Many companies and individuals develop on this platform. It allows them to create feature-rich bitcoin-enabled applications, and gives their users the security and decentralized freedom that the Bitcoin blockchain provides.