Contents
- 1 Overview of BitShares
- 2 Blockchain
- 3 Mine
- 4 Network
- 5 Regulation
- 6 Support
- 7 Transactions
- 8 BTS to USD: What can you do with Bitshares?
- 9 Concluding Thoughts?
- 10 How can your business benefit from Graphene and BitShares?
- 11 How do I buy BitShares?
- 12 How do I mine BitShares?
- 13 How Is the BitShares Network Secured?
- 14 How Many BitShares (BTS) Coins Are There in Circulation?
- 15 How to Exchange BTS to USD?
- 16 What are Bitshares?
- 17 What do investment analysts think about BitShares?
- 18 What hashing algorithm does BitShares use?
- 19 What Is BitShares (BTS)?
- 20 What is BitShares?
- 21 What is BitShares?
- 22 What is BitShares?
- 23 What is BitShares?
- 24 What is BitShares?
- 25 What is BitShares?
- 26 What is the Reddit page for BitShares?
- 27 What is the value of BitShares?
- 28 What Makes BitShares Unique?
- 29 What technology is included in BitShares?
- 30 What’s New?
- 31 Where can I get BitShares wallet?
- 32 Where Can You Buy BitShares (BTS)?
- 33 Why BitShares?
- 34 History of BitShares
Blockchain
Consensus technology has the power to do for economics what the internet did for information.For the first time in history, financial transactions over the internet no longer require a middle man to act as a trustworthy, confidential fiduciary.BitShares looks to extend the innovation of the blockchain to all industries that rely upon the internet to provide their services.It can harness the combined power of all humanity to coordinate the discovery and aggregation of real-time knowledge, previously unobtainable.The advent of DACs ushers in a new paradigm in organizational structure in which companies can run without any human management and under the control of an incorruptible set of business rules.The core innovation of Bitcoin is the Blockchain, a cryptographically secured public ledger of all accounts on the Bitcoin network that facilitates the transfer of value from one individual directly to another.These rules are encoded in publicly auditable open source software distributed across the computers of the companies’ shareholders, who effortlessly secure the company from arbitrary control.BitShares does for business what bitcoin did for money by utilizing distributed consensus technology to create companies that are inherently global, transparent, trustworthy, efficient and most importantly profitable.BitShares has went through many changes and has done its best to stay on top of blockchain technology.This knowledge can be used to more effectively coordinate the allocation of resources toward their most productive and valuable use.Bitcoin is the first fully autonomous system to utilize distributed consensus technology to create a more efficient and reliable global payment network.Towards the end of 2014 some of the DACs were merged and the X was dropped from “BitShares X” to become simply BitShares (BTS).(https://docs.bitshares.org/en/master/technology/what_bitshares.html)Whether its banking, stock exchanges, lotteries, voting, music, auctions or many others, a digital public ledger allows for the creation of distributed autonomous companies (or DACs) that provide better quality services at a fraction of the cost incurred by their more traditional, centralized counterparts.
Mine
Each member of the cryptocurrency community increases the total price of the virtual database and receives the cost from other users of the Association.If you look at this, the software BitShares prospects no can not be, if users stop gathering together to determine the value of the personal cryptocurrency.
Network
BitShares is also one of the few blockchain platforms to completely do away with addresses.Instead, it uses simple memos to distinguish users, making it one of the more accessible crypto platforms.It is also built around a popular referral program that is used to incentivize the growth of the network by distributing upgrade fees between referrers and the BitShares network.
Regulation
Before deciding if BitShares can survive government regulations and outlast cryptocurrency exchanges like Coinbase and Binance, let’s review the BTS coin and tokens.It’s a part of the Microsoft Azure Blockchain as a Service Package.
Support
As of January 2021, the BitShares core team consists of 17 permanent workers, supported by more than 60 long-term contributors — covering a range of disciplines including economics and legal, to systems admins and highly skilled developers.
Transactions
For instance, where most exchanges normaly apply a fee which is a percentage of the notional of your trade, Bistshares applies a fixed rate whatever the size of your trade.Two additional features that worth mentionning, are first that Bitshares does impose restrictions on the amount of your transactions or on withdrawals.
Combining both advantages of an equity network and the utility of blockchain technology, Bitshares is a crypto equity network and ledger that’s been in existence for four years.Learn more about Bitshares in this quick guide.
Concluding Thoughts?
Bitshares offers a lot of opportunity to the crypto world once used correctly.In conclusion, Bitshares is to be viewed as a decentralised exchange where users can analyse smart coins and use this knowledge to make better decisions.
Powered by Graphene technology, BitShares is a decentralized platform where users can perform fast and secure trades thanks to 100,000 TPS network scalability and cryptography.
It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including BitShares.
BitShares is a proof-of-stake (PoS) currency, which means that blocks on the BitShares blockchain are not mined using hashing algorithms like Bitcoin.Rather, coins are earned by “staking” existing coins on the network or by running a master node.
BitShares uses a custom delegated proof-of-stake (DPoS) consensus mechanism to secure its network.This uses a combination of witnesses and decentralized voting processes to produce a more democratic consensus system that avoids the possible negative effects of centralization.
As of January 2021, there were just under 3 billion BTS in circulation.This is equivalent to 83% of the maximum BTS supply — making it highly diluted.
How to Exchange BTS to USD?
Bitshares does this through collateralising stable and market-pegged BitAssets (smart coins).This means that Bitshares has crypto assets that track fiat money and real-world assets such as BitUSD.The USD is tracked due to a combination of data sources that are created by the Bitshares community.
Bitshares is a decentralised, peer-to-peer, crypto equity network and ledger that uses a Delegated Proof of Stake algorithm (DPoS).It was made in 2014 by Dan Larimer, co-founder of Cryptonmex, EOS, and Steemit.
Weiss Research, an investment research firm that rates cryptocurrencies, has given BitShares an overall rating of “D+”, a technology and adoption rating of “D+”, and a market performance rating of “C-“.
BitShares is a proof of stake (PoS) coin that uses the SHA-512 algorithm.
BitShares is a decentralized platform designed to provide a more efficient global payment network and is commonly used for securely trading cryptocurrencies without any intermediaries.
BitShares (BTS) is a proof-of-stake (PoS) blockchain network that gives users access to a decentralized exchange (DEX) and a utility token — the BTS — which is used for staking in the PoS consensus and to vote on network proposals.The Bitshares DEX allows users to peg a digital asset to a real-world asset, allowing nearly any asset to trade freely over its blockchain.
BitShares (symbol BTS), formerly known as ProtoShares (PTS), is an industrial grade “crypto-equity”, peer to peer distributed ledger and network based on a Delegated Proof of Stake (DPoS) algorithm.It was created in 2014 by visionary Dan Larimer (“Bytemaster”), co-founder of Steemit, EOS and, Cryptonomex.
BitShares is a decentralized cryptocurrency exchange that is part of the Microsoft Azure blockchain. BitShares was created in July 2014 and is the brainchild of Steem and EOS cofounder and CTO Dan Larimer, along with Ethereum and Cardano cofounder Charles Hoskinson.Along with Steem, BitShares uses a Graphene layer, and both are among the most active blockchains on the market.
BitShares is a public, blockchain-based, real-time financial platform.It provides a decentralised asset exchange.BTS is a cryptocurrency token, which can be transferred between accounts, and is used to collect fees for network operations and as a collateral for loans.
BitShares is a technology supported by next-generation entrepreneurs, investors, and developers with a common interest in finding free-market solutions by leveraging the power of globally decentralized consensus and decision making.
Delegated Proof-of-Stake Consensus Delegated Proof of Stake (DPOS) is a new method of securing a crypto-currency’s network.DPOS attempts to solve the problems of both Bitcoin’s traditional Proof of Work system, and the Proof of Stake system of Peercoin and NXT.DPOS implements a layer of technological democracy to offset the negative effects of centralization.Delegated proof of stake mitigates the potential negative impacts of centralization through the use of witnesses (formaly called delegates).A total of N witnesses sign the blocks and are voted on by those using the network with every transaction that gets made.By using a decentralized voting process, DPOS is by design more democratic than comparable systems.Rather than eliminating the need for trust all together, DPOS has safeguards in place the ensure that those trusted with signing blocks on behalf of the network are doing so correctly and without bias.Additionally, each block signed must have a verification that the block before it was signed by a trusted node.DPOS eliminates the need to wait until a certain number of untrusted nodes have verified a transaction before it can be confirmed.This reduced need for confirmation produces an increase in speed of transaction times.By intentionally placing trust with the most trustworthy of potential block signers, as decided by the network, no artificial encumbrance need be imposed to slow down the block signing process.DPOS allows for many more transactions to be included in a block than either proof of work or proof of stake systems.DPOS technology allows cryptocurrency technology to transact at a level where it can compete with the centralized clearinghouses like Visa and Mastercard.Such clearinghouses administer the most popular forms of electronic payment systems in the world.In a delegated proof of stake system centralization still occurs, but it is controlled.Unlike other methods of securing cryptocurrency networks, every client in a DPOS system has the ability to decide who is trusted rather than trust concentrating in the hands of those with the most resources.DPOS allows the network to reap some of the major advantages of centralization, while still maintaining some calculated measure of decentralization.This system is enforced by a fair election process where anyone could potentially become a delegated representative of the majority of users.
The official Reddit community (subreddit) for BitShares is r/bitshares.
One BitShares (BTS) is currently worth $0.12 on major cryptocurrency exchanges.You can also exchange one BitShares for 0.00000217 bitcoin(s) on major exchanges.The value (or market capitalization) of all available BitShares in U.S.dollars is $355.73 million.
One of BitShares’ major distinguishing features is its integrated decentralized cryptocurrency exchange platform (DEX), which allows users to trade regular cryptocurrencies, as well as more traditional financial instruments (via BitAssets) without middlemen.
Delegated Proof-of-Stake Consensus Delegated Proof of Stake (DPOS) is a new method of securing a crypto-currency’s network.DPOS attempts to solve the problems of both Bitcoin’s traditional Proof of Work system, and the Proof of Stake system of Peercoin and NXT.DPOS implements a layer of technological democracy to offset the negative effects of centralization.Delegated proof of stake mitigates the potential negative impacts of centralization through the use of witnesses (formaly called delegates).A total of N witnesses sign the blocks and are voted on by those using the network with every transaction that gets made.By using a decentralized voting process, DPOS is by design more democratic than comparable systems.Rather than eliminating the need for trust all together, DPOS has safeguards in place the ensure that those trusted with signing blocks on behalf of the network are doing so correctly and without bias.Additionally, each block signed must have a verification that the block before it was signed by a trusted node.DPOS eliminates the need to wait until a certain number of untrusted nodes have verified a transaction before it can be confirmed.This reduced need for confirmation produces an increase in speed of transaction times.By intentionally placing trust with the most trustworthy of potential block signers, as decided by the network, no artificial encumbrance need be imposed to slow down the block signing process.DPOS allows for many more transactions to be included in a block than either proof of work or proof of stake systems.DPOS technology allows cryptocurrency technology to transact at a level where it can compete with the centralized clearinghouses like Visa and Mastercard.Such clearinghouses administer the most popular forms of electronic payment systems in the world.In a delegated proof of stake system centralization still occurs, but it is controlled.Unlike other methods of securing cryptocurrency networks, every client in a DPOS system has the ability to decide who is trusted rather than trust concentrating in the hands of those with the most resources.DPOS allows the network to reap some of the major advantages of centralization, while still maintaining some calculated measure of decentralization.This system is enforced by a fair election process where anyone could potentially become a delegated representative of the majority of users.
What’s New?
Thank you,
@crcdistribution
, for your investment in the Alliance and the City of Robertsdale!…
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BitShares produces its own wallet software that is available for download on its website, which allows you to store BitShares on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.
BitShares tokens are currently available to purchase or trade on several of the most prominent cryptocurrency exchange platforms.Some of the most popular include Binance, Huobi Global and HitBTC.
Bitshares allows any of its users to run for Delegate and earn the privilege to add blocks to the Bitshare blockchain and reap the block reward.BitShare also allows users to digitize nearly any real-world asset and freely trade it on the Bitshare decentralized exchange.This opens the door to a plethora of financial services for those who use the BitShare Platform.From giving users the ability to launch a decentralized autonomous company to giving them the ability to create assets that can be freely traded against any of the assets on the BitShares decentralized exchange, BitShares is the blockchain network that provides users with the foundation to get this done.