Hi!
Sorry for easy question, but I'm completely new in cryptocurrecies and I'm trying to understand the principles of it. Could you answer me please, why the total supply of XCP after the closing a burn period in February 2014 was 2,648,755.9218 XCP and now
http://blockscan.com/ shows less amount of supply XCP = 2,641,639.08 XCP?
Thank you
In order to register a new alphanumeric asset on the Counterparty platform you have to pay the registration fee of 0.5 XCP (creation of numeric assets is free). Those XCPs are permanently destroyed thus reducing the total amount of the XCP supply. In addition, XCP will be used for smart contract execution, but as explained in the FAQ (
http://counterparty.io/docs/faq/#why-does-xcp-have-value) the cost of fuel and registration fees will adjust so that the supply never reaches 0.