Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official
by
xibeijan
on 05/01/2014, 23:03:57 UTC

Let's say I want to put out a broadcast with a fee of .01 (or 1% of the bets made on the broadcast) - it would look like this:

python3 counterpartyd.py --rpc-password=PASSWORD broadcast --from=ADDRESS --text=TEXT --fee-multiplier=.01

The text of a broadcast is a string. If you want to publish a value later on, then the syntax is:

python3 counterpartyd.py --rpc-password=PASSWORD broadcast --from=ADDRESS --text=TEXT --fee-multiplier=.01 --value=VALUE

Does that help?

I don't understand why there are two commands nor what they do.

For the first command, is the fee of 0.01 something I have to pay?

For the second command, do I need to pay for each update I make?  If so, do I pay in BTC or XCP?   Finally, where is this information stored?  In the bitcoin block chain OR does counterpart have its own block chain?

Thanks.