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Counterparty eventually adopted the EVM, and yet could not get traction for multiple reasons: 1. Network effects already on Ethereum 2. Bitcoin block time too
by CryptoPunk 6y ago
Counterparty eventually adopted the EVM, and yet could not get traction for multiple reasons:
1. Network effects already on Ethereum
2. Bitcoin block time too slow and block size too low
3. Counterparty uses Bitcoin as a data layer, but Bitcoin itself cannot recognize Counterparty transactions, so Bitcoin consensus does not secure Counterparty transactions.