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BitShares

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Description

What does BitShares do?

BitShares is a blockchain and a decentralized network. Specifically, BitShares refers to itself as Distributed Autonomous Company, or DAC for short. The technology BitShares uses has a variety of tweaks on the traditional blockchain model to provide services to companies looking to invest in blockchain technology.

User-Issued Assets (UIA) is a feature of Bitshares that allows for the creation of customizable tokens. UIA can be compared to the ERC20 tokens that are created on Ethereum's network.

Bitshares creates decentralized exchanges which are easy to use and allow for a variety of trading functions. Furthermore, the founder of Bitshares has also stated ambitiously that Bitshares could make governments irrelevant by providing a means of dispute resolution. The project also features built-in dApps and allows any user to create dApps, themselves.

What is BTS used for?

The primary coin that powers Bitshares is BTS. BTS coins can be used for loan collateral, trading escrow, and for paying trading or network fees.

BTS are also used as collateral for SmartCoins. SmartCoins are pegged to the value of another token, fiat currencies, or even resources. By pegging their value to other assets, SmartCoins can be seens as less volatile than other cryptocurrencies. BTS are locked when they’re used as collateral for SmartCoins.

How can BTS value appreciate?

Bitshares hopes to introduce tech companies to the world of blockchain and provide valuable professional technical support. As more companies look to trade cryptocurrencies, the services and technical support that BitShares offers could make their coins considerably more valuable.

Bitshares is capable of very fast transaction processing. It's been proven that the network can handle 3,300 transactions per second. This high speed may make BitShares suitable as a foundation for different payment systems, which would increase BitShares popularity and raise demand for BTS.

What is the difference between BitShares and its competitors?

BitShares competes against Ripple, Waves, and Veritaseum, which are similar corporate blockchain projects. Bitshares offers extremely high transaction throughput at 3,300 transactions per second, which is much higher than Ripple's (1,600 TPS) and Waves' (100 TPS).Also, Bitshares includes a referral rewards program, which could draw many users - both individuals and institutions - to the platform.

Instead of using cryptographic addresses like other companies, BitShares uses account names. This feature, in combination with a versatile account management system, allows multiple users to have different control rights over the same account, making Bitshares very business-friendly.

  • Mainnet Launch: November 2013
  • Consensus Type: DPoS
  • Technology: Blockchain
  • Total Coin Supply: 2,623,500,000
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Description

What does BitShares do?

BitShares is a blockchain and a decentralized network. Specifically, BitShares refers to itself as Distributed Autonomous Company, or DAC for short. The technology BitShares uses has a variety of tweaks on the traditional blockchain model to provide services to companies looking to invest in blockchain technology.

User-Issued Assets (UIA) is a feature of Bitshares that allows for the creation of customizable tokens. UIA can be compared to the ERC20 tokens that are created on Ethereum's network.

Bitshares creates decentralized exchanges which are easy to use and allow for a variety of trading functions. Furthermore, the founder of Bitshares has also stated ambitiously that Bitshares could make governments irrelevant by providing a means of dispute resolution. The project also features built-in dApps and allows any user to create dApps, themselves.

What is BTS used for?

The primary coin that powers Bitshares is BTS. BTS coins can be used for loan collateral, trading escrow, and for paying trading or network fees.

BTS are also used as collateral for SmartCoins. SmartCoins are pegged to the value of another token, fiat currencies, or even resources. By pegging their value to other assets, SmartCoins can be seens as less volatile than other cryptocurrencies. BTS are locked when they’re used as collateral for SmartCoins.

How can BTS value appreciate?

Bitshares hopes to introduce tech companies to the world of blockchain and provide valuable professional technical support. As more companies look to trade cryptocurrencies, the services and technical support that BitShares offers could make their coins considerably more valuable.

Bitshares is capable of very fast transaction processing. It's been proven that the network can handle 3,300 transactions per second. This high speed may make BitShares suitable as a foundation for different payment systems, which would increase BitShares popularity and raise demand for BTS.

What is the difference between BitShares and its competitors?

BitShares competes against Ripple, Waves, and Veritaseum, which are similar corporate blockchain projects. Bitshares offers extremely high transaction throughput at 3,300 transactions per second, which is much higher than Ripple's (1,600 TPS) and Waves' (100 TPS).Also, Bitshares includes a referral rewards program, which could draw many users - both individuals and institutions - to the platform.

Instead of using cryptographic addresses like other companies, BitShares uses account names. This feature, in combination with a versatile account management system, allows multiple users to have different control rights over the same account, making Bitshares very business-friendly.

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