What is BitShares?
BitShares is a decentralised real-time financial platform which is open-source in nature. It is a platform that enables trading of cryptocurrencies without leaving the blockchain. BitShares is a peer-to-peer distributed ledger that is based on a Delegated Proof of Stake (DPoS) algorithm. With BitShares platform, users can convert their cryptocurrencies to stable assets while benefiting from blockchain’s security. BitShares tokens are called BTS.
History of BitShares
BitShares was created in 2014 by Daniel Larimer who co-founded Cryptonomex, EOS, and Steemit.
Features of BitShares
BitShares enables faster and cheaper transactions as it is based on the Graphene technology. An open source blockchain, Graphene is used in projects like Steemit and PeerPlays in real-world usage. BitShares claims it is able to work through 1 lakh transactions per second. Thanks to the usage of Graphene technology, BitShares has scalability similar to the blockchain implementation. BitShares allows its users to trade on the built-in fully decentralized exchange (DEX). Users can even trade various assets such as bitAssets and user-issued assets along with the tokens. bitGOLD, bitUSD and bitCNY are some of the bitAssets that track the value of their counterparts. On the other hand, with user-issued assets, users can issue their own assets. The blockchain has a built-in referral program which provides incentives to users who bring new people to the platform. Higher number of users strengthens the security of the whole network and raises its market value.
Where to buy BitShares?
The total supply of BTS is capped at 3.6 billion tokens. The market capitalisation of BitShares as of April 2018 was $717,838,044. BTS tokens are listed on popular exchanges like Poloniex, BitShares Asset Exchange, Huboi, Lbank, Binance and more.
The price of 1 BTS coin was $0.276214 at the time of writing this article. BitShares offer three types of wallets -Open-ledger Web wallet, Mobile Wallet and paper wallet.
It is not possible to mine BTS coins.
BitShares Price Trends
Risks involved with investing in BitShares
Bitshare is a ledger as well as an exchange platform, but at last it is a cryptocurrency. Similar to most the cryptocurrencies out there, it is volatile in nature and is subject to regulatory issues. Instead, we would suggest you to consider investing in mutual funds as it is a relatively safer option.
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