Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
lonsharim
on 22/10/2014, 10:29:22 UTC

The same as Counterparty keep BTC same BTCdrak(dev) keep burned Viacoins

Counterparty no keep BTC, that "destroyed" to address what anyone cant use. Viacoins "burned" coins go back for developers pockets.

So Counterparty Team can't use that BTC from burning process??

That is correct, the Proof of Burn address is unspendable, no one has its private keys

https://blockchain.info/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr

For each transaction to this address during the burn period, a certain number of XCP were alloted to the sending address.