Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
PhantomPhreak
on 20/01/2015, 14:08:01 UTC
Can someone explain medici?

Medici is to stocks and shares what bitcoin is to money.

edit: bitcoin with a lower case b, as both use the Bitcoin network.

So it's like asset exchange on Next? Forgive my ignorance

Counterparty has its own asset exchange. Medici brings regulatory compliance, user interfaces, professional services, off-chain stuff, etc., so that users can trade shares of public companies, e.g., (on Counterparty) legally and easily. Counterparty is the primary technological platform; Medici is an application and service. (Think Bitcoin/Coinbase.)