Rustbits – T O K E N S A L E Whitepaper
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Rustbits are CounterParty based tokens which reside on the Bitcoin network. Counterparty embeds data into regular Bitcoin transactions on the blockchain. To Bitcoin clients, these transactions appear like normal transactions, with one party (Alice) sending another party (Bob) a small amount of Bitcoin. A Counterparty node which runs the Bitcoin client along with the Counterparty client software recognizes and interpret the data in these transactions.