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BitSharesBlockchain is an industrial-grade decentralized platform focusing on high-performance financial smart contracts. BitShares (BTS) is the core token of BitSharesBlockchain, with practicality and management permissions. BTS can be used for voting, rewards and payment of handling fees.
BitShares blockchain implements industrial-grade technologies focused on enterprises, organizations or individuals, with a complete ecosystem and a free market economy. Based on MIT's open source licensed graphene technology, BitShares was launched in its existing form on October 13, 2015, and has been composed of more than 30 highly skilled professionals since the BitShares blockchain and its dApps have been elected, maintained and developed by workers (via consensus) through core token holders.
1. DPoS consensus
The DPOS algorithm is divided into two parts: electing a group of block producers and scheduling production.
The election process ensures that core token holders are ultimately controlled because stakeholders lose the most when the network is not running smoothly.
2. Permissions
The BitShares blockchain is designed around the permissions of the account and then designs passwords for ease of use.
Each account can be controlled by a single or weighted combination of other accounts or keys. This creates a hierarchy that can be constructed to reflect real-life permissions—such as approvals from companies or organizations and signature processes in digital form.
3. Number of transactions
Any user interacting with the blockchain will interact through real and authorized transactions.
The transaction is then constructed and then sent to the network, which contains the instructions the user wants to execute. The simplest form is a transmission operation, which contains the sender, receiver, amount and optionally encrypted memo.
4. Token factory
Create your own cryptocurrency token by publicly representing and listing the assets issued by users on the blockchain.
User-issued assets enable entrepreneurs to issue their own tokens. Event tickets, company shares, crowdfunding, loyalty, points are just some examples. Whitelisting creates KYC/AML tokens that are fully compliant with regulations. Public description, listing and providing liquidity to assets.
5. Scalability
Operations on the BitShares blockchain can extend its functionality to built-in or external dApps.
The BitShares blockchain has been widely modularized and operated independently of each other. BitShares is considered very stable because modifications to the core blockchain require review by the core development team and approved by the BTS holder before any network-wide protocol upgrade.
6. Identity Identification
Human readable account name that must be registered with the public key in the blockchain before use
The BitShares blockchain acts as a name-to-public key parser in a similar way to traditional domain name services (DNS). Users can easily remember and pass on their account information, rather than error-prone addresses.
1. Processing speed
Fastest block confirmation. Transactions are written to the blockchain within 3 seconds, with an average of less than 1.5 seconds.
2. Minimum fee
Like other blockchains, BitShares also charges, but is well below average, with lifetime members entitled to 80% cashback.
3. Regular payments and planned payments
Supports regular payments, subscribes to payments, and allows users to authorize third parties to withdraw money within certain restrictions.
4. Dynamic account permissions
Enable Enterprise Environment Management to control your wallet using weighted combinations approved by other accounts.
5. Self-sustainment
Powered by the dApps ecosystem, which is self-funded by the core token BTS, ensuring that the blockchain covers the cost of sustained operations.
6. Safety
Delegated Proof of Stake (DPOS) is actually impossible to be hacked as it will involve fetching out many active and backup, global, trusted principals.
https://bitshares.org/