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What is BitShares?
BitShares (BTS) is a multifaceted blockchain platform that transcends simple cryptocurrency use cases. It integrates several features including a decentralized exchange (DEX), a Delegated Proof of Stake (DPoS) consensus mechanism, and various financial instruments.
- Decentralized Exchange (DEX): Facilitates trading of digitized assets.
- BTS Token: Serves as a utility token for staking, voting, and collateral.
Delegated Proof-of-Stake: A Revolution in Consensus
Introduced by BitShares co-founder Daniel Larimer, the DPoS mechanism aims to address the inefficiencies of Proof of Work systems.
- Token Voting: BTS holders vote for delegates.
- Delegate Responsibilities: Top 101 delegates validate transactions and produce blocks.
- Energy Efficiency: Reduces the need for specialized mining hardware.
Governance: Power to the Shareholders
BitShares operates as a decentralized autonomous organization (DAO), where BTS shareholders have voting rights on network decisions.
- Elected Committee: Guides protocol direction and blockchain parameters.
- Decentralized Control: Ensures democratic governance within the platform.
The Decentralized Exchange (DEX)
BitShares' DEX allows for the trading of various digital assets, including:
- User-Issued Assets: Tokens representing diverse assets like shares and commodities.
- Market Pegged Assets: Digital assets pegged to real-world assets for stability.
- SmartCoins: Market-pegged assets backed by BTS tokens.
- Distributed Autonomous Companies (DACs): Companies operated by smart contracts.
Roadmap and Current Projects
The BitShares Group maintains a dynamic roadmap with ongoing and upcoming developments:
- Work in Progress: Features and upgrades tracked on GitHub.
- Upcoming Projects: Planned features and enhancements.
- Implemented Features: Successfully integrated functionalities like peer-to-peer bartering and decentralized liquidity pools.
Other Exchanged-based Tokens
- LEO Token: offers trading fee discounts on Bitfinex and iFinex platforms.
- WhiteBIT Coin: offers trading discounts and perks on the WhiteBIT exchange.
- Tranchess: provides a tokenized asset management protocol with varied risk/return profiles.
BitShares Price Analysis
As of December 3 2024 BitShares has a marketcap of $6.6M. This is {{percentagefromath}} from its all time high of $0.923921. In terms of its tokenomics, there's a total supply of 3B with 90% currently outstanding. Keep in mind BitShares has a fully diluted value of $7.2M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
BTS Markets
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