BitShares is an alt coin that has decentralized technology like Bitcoin. BitShares offers a new way to store user owned assets such as gold, USD, Euro in digital form.
BitShares is a decentralized platform designed to provide a more efficient global payment network and is typically used for secure cryptocurrency trading without intermediaries. It was originally launched in July 2014 under the name ProtoShares (PTS) but was renamed to BitShares (BTS) less than a year later.
The platform is powered by the BTS token, a native utility token that can be used for a number of purposes, including the creation of smartcoins known as “BitAssets,” which can have various parameters and can represent almost anything — such as reward points, fiat pegged tokens and IOUs. guaranteed.
The BitShares platform is managed by a decentralized autonomous company (DAC), which allows BTS token holders to decide the future of the platform, and decide which features to add next. It runs on an open-source blockchain implementation known as Graphene, which is reportedly capable of processing up to 100,000 transactions per second (TPS) — making it faster than MasterCard and VISA combined.
One of the main distinguishing features of this coin is its decentralized crypto asset exchange (DEX) platform, which allows users to trade regular crypto assets, as well as more traditional financial instruments (via BitAssets) without intermediaries. Due to its native DEX and support for synthetic assets (BitAssets), It is often touted as the world’s first DeFi-capable blockchain.
As of January 2021, BitShares is in the process of relaunching, and will undergo some major changes in the future.
