BitShares (BTS) is a decentralized exchange platform for trading cryptocurrencies without leaving the blockchain. The BitShares blockchain platform allows users to convert their cryptocurrencies to stable assets by changing those cash into some other cryptocurrency whose cost is pegged to a real-life asset.
BitShares (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, co-founder of Steemit, EOS, and Cryptonomex. Noteworthy is the lightning fast blockchain with 1.5 second average block times and throughput potential of 100,000 transactions per second.
Daniel Larimer, Stan Larimer and Charles Hoskinson first introduced the concept of Bitshares in a white paper called “A Peer-to-Peer Polymorphic Digital Asset Exchange.” The project was covered by CoinDesk in 2013 and in August 2013, it was announced in Bitcoin talk as a project.
Bitshares is a decentralized exchange which means you don’t need an exchange to trade your cryptocurrencies. The transaction takes place peer to peer, or, directly between the buyer and the seller. Buyers and sellers can exchange other cryptocurrencies at a rate which is determined by Bitshares (BTS).
A user can sell 1 Bitcoin and buy 1 Ethereum to and from two other users. The unit of an economy in Bitshares network is called Bitshares and the user will receive a certain amount of Bitshares against his Bitcoin and will need to pay the Ethereum seller a certain number of Bitshares.
Bitshares can be used as collateral against Bitassets of every type including BitGold, BitUSD and more.
The three essential steps the users have to do to get Bitshares (BTS) are Setting up a BitShares wallet, buying Ethereum and then exchanging Ethereum for BitShares. As the Bitshare never need another exchange, the users can use the official web wallet and create a username which is your password. Now we’ll purchase the popular cryptocurrency Ethereum so that we can exchange it for BitShares.
BTS can be a profitable investment option. BitShares price equal to 0.3090 USD at 2018-01-17. If you buy BitShares for 100 dollars today, you will get a total of 323.673 BTS. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-06 is 0.90027 US Dollars. With a 5-year investment, the revenue is expected to be around +191.39%. Your current $100 investment may be up to $291.39 in 2022. The price today is $0.313140 and the market cap value is $816,415,477. The Current supply is 2,607,190,000 BTS and marked the volume $114,215,000. BitShares price, BitShares price chart, BitShares exchanges, BitShares wallets, BitShares history, BitShares mining, BitShares market cap value, where to buy BitShares, how to buy BitShares.