What is New BitShares?
New BitShares (NBS) is a fork of the BitShares (BTS) network, built on advanced Graphene technology to provide a fast and stable DeFi and DEX platform. The platform aims to target the development of blockchain DEX and DeFi projects, and its goal is to provide solutions to several challenges in the blockchain industry.
According to the official website, New BitShares is an open-source platform that performs many transactions and allows mass adoption of apps built on it. The platform carries out mining in three ways: gold standard, coin standard, and referral standard for financial ecology. The use of Graphene technology allows the platform to process a large number of transactions and increase the speed and stability of the platform.
The platform provides an asset issuance platform that allows users to issue their tokens, assets, and certificates at a nominal fee. The assets issued on the platform are easy to operate, satisfy the needs of different assets, and boost the chain and real economy. This platform enables users to issue assets without having to go through the cumbersome process of setting up a new blockchain.
New BitShares allows two or more blockchains to trade assets based on automatic exchange contracts and transactional agreements. The platform provides seamless cross-chain interaction, enabling users to trade assets from different blockchains without intermediaries.
The platform provides a decentralized exchange (DEX) platform that allows users to trade all types of assets. The platform also enables users to generate physical bills on mobile platforms by applying extensions for safe and secured transactions saved on the blockchain. This feature ensures secure and easy transactions, and it eliminates the need for intermediaries, reducing transaction costs.
NBS is the utility token of the New BitShares platform. The users can use NBS tokens to make transactions. The token is used to pay fees on the platform, and it can also be used to vote in the decentralized autonomous organization (DAO) community.
New BitShares has a decentralized autonomous organization (DAO) community for governance. The community consists of NBS investors and blockchain enthusiasts with strong cohesion that functions as a delegated proof-of-stake (DPoS) consensus mechanism. The DPoS allows any organization to vote and eliminate the ongoing assets or activities. The members can freely decide if the community program needs modification or not. This ensures that the platform is governed by the community, and decisions are made in a decentralized manner.
The BitShares (BTS) network was founded by Daniel Larimer, Stan Larimer, and Charles Hoskinson. However, the fork that led to the creation of New BitShares came into existence on September 13, 2020. Since then, the platform has been making significant strides in providing solutions to challenges in the blockchain industry.
In conclusion, New BitShares (NBS) is a fast and stable DeFi and DEX platform built on advanced Graphene technology. The platform provides solutions to several challenges in the blockchain industry, and it is governed by a decentralized autonomous organization (DAO) community. The use of NBS tokens ensures secure and easy transactions on the platform, and the cross-chain interaction feature provides seamless trading of assets from different blockchains.
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.
Stay ahead of the competition by accessing high-quality data, advanced tools, and expert research.Try for Free