BitShares

BitShares

BTS
$0.002594931%-3.55

Key Metrics

Price$0.002594931
Real Volume (24H)$134,981.18
Marketcap$7,772,955.06
Fully Diluted ValuationN/A
ATH$0.923921
ATH Date1/3/2018, 3:00:00 AM
ATL$0.00271635
ATL Date1/8/2016, 2:00:00 AM
Circulating Supply2.7B
Total Supply3.6B
WebsiteN/A
WhitepaperN/A
Popularity Rank1406
Chart
What is BitShares?

BitShares is a cryptocurrency that aims to be more than just a digital currency. It describes itself as a "stack of financial services including exchange and banking on a blockchain." Tokens issued on the BitShares blockchain, such as BitUSD and BitEUR, are designed to be tied to real-world assets, such as the dollar or euro.


BitShares is a blockchain technology created by a team of next-generation developers, entrepreneurs, and traders who have a common goal of finding market solutions. The platform claims to be the first Delegated proof of stake (DPoS) blockchain technology with self-governance that aims to complete transactions in just 3 seconds.

DPoS is an improved version of the proof-of-stake (PoS) consensus mechanism. It uses a voting system to choose nodes to verify blocks, which ensures a more efficient and secure network. Additionally, the BitShares ecosystem includes an in-built decentralized financial space, which allows for the creation of distributed autonomous companies (DACs) that can provide quality services in various industries.

A DAC is a transparent organization that is controlled by shareholders, and whose rules are encrypted as a computer program. The BitShares platform aims to create an organizational structure where businesses can operate under ethical rules without human interference. These rules are encrypted in an open-source, publicly auditable software, which is distributed across the network of a company's shareholders.

BitShares aims to use distributed consensus technology to build global, trustworthy, transparent, efficient, and profitable companies. The ecosystem consists of its native currency, BitShares (BTS), which is transferable on the blockchain, possesses value, and is secure. Unlike most cryptocurrencies, the BTS token is not considered a currency, but rather equity in a DAC. This means that the token has a free-floating market valuation like other equities.

Moreover, BitShares holders can use the platform as a market-pegged asset in financial smart contracts. Pegged digital assets are connected to the value of a commodity or currency issued by a bank. This allows for more flexibility and stability in the market, which can be especially beneficial for traders and entrepreneurs.

In summary, BitShares is a blockchain technology that aims to be more than just a digital currency. It offers a range of financial services, including exchange and banking on a blockchain, and tokens issued on the BitShares blockchain are designed to be tied to real-world assets. The platform also aims to be a leader in Delegated proof of stake (DPoS) technology, with an in-built decentralized financial space that allows for the creation of distributed autonomous companies (DACs) that can provide quality services in various industries. Additionally, BitShares holders can use the platform as a market-pegged asset in financial smart contracts which can provide more flexibility and stability in the market.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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