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Counterparty: Building on the Digital Currency Revolution

As the digital currency revolution continues, interest in digital assets has turned from lukewarm to scalding hot in a matter of a few economic seconds. 


Such is the influence of the new economic age that the University of Nicosia – the first accredited university in the world to accept Bitcoin payments – has been inspired to launch an MSc degree in Digital Currencies, proposing the initiation of a comprehensive framework for developing Cyprus into a hub for Bitcoin trading, processing and banking.


The astounding response to the course – in the form of several thousand registrations according to spokespersons – is proof of the necessity of such alternative developments in the island’s post-crisis era. 


One of the case studies of its academic programme: Counterparty, the innovative project whose technology uses Bitcoin's blockchain to allow users to create, distribute and exchange digital assets, both instantaneously and securely, without the need for a middleman. 


Users can then exchange these digital assets for other digital currencies such as Bitcoin.


The software means that anyone may access a decentralized stock exchange, which may be used to crowdfund startups, thus largely reducing the traditional obstacles for entrepreneurs seeking funding. Conversely, this also allows crowds to both assess and invest in such projects. 


Currently in Cyprus to converse with Bitcoin-based startups that are considering encouraging investment through crowdfunding, Counterparty representatives are meeting with members of the Cypriot entrepreneurial community and the Cypriot Enterprise Link to discuss the practical application of their technology.  


Gold News met with Counterparty Co-Founder, Adam Krellenstein, to find out more. 

 

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