Year: 2023

Compressed XCP Transactions

This is a draft proposal for compressed Counterparty messages. The benefits will be: slightly reduced fees for ordinary XCP transactions. significantly reduced fees when bundling several XCP messages in one BTC tx. First let’s look at a typical Counterparty message: 434e5452505254590a000000000000000100000000ee6b28000000000001d6b896000000000bebc2001f800000000000000000 Prefix The first eight bytes, 434e545250525459, is the prefix. It translates to CNTRPRTY. All Counterparty transactions use this prefix. My proposal suggests an alternative prefix, 584350, meaning XCP. This […]

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