Proof of Work

Cryptocurrency

Base Ecosystem

ERC-404

Ethereum Mainnet

Binance Smart Chain Mainnet

Avalanche C-Chain

Fantom Opera

Polygon Mainnet

Cronos Mainnet Beta

Arbitrum One

Klaytn Mainnet Cypress

Harmony Mainnet Shard 0

Metis Andromeda Mainnet

Huobi ECO Chain Mainnet

Aurora Mainnet

Celo Mainnet

Optimism

Gnosis Chain (formerly xDai)

Theta Mainnet

Moonriver

Emerald Paratime Mainnet

Fusion Mainnet

Telos EVM Mainnet

RSK Mainnet

Moonbeam

IoTeX Network Mainnet

OKExChain Mainnet

Boba Network

Wanchain

KCC Mainnet

Velas EVM Mainnet

Smart Bitcoin Cash

Songbird Canary-Network

CoinEx Smart Chain Mainnet

Fuse Mainnet

Shiden

Elastos Smart Chain

Callisto Mainnet

ThunderCore Mainnet

Meter Mainnet

TomoChain

Energy Web Chain

Syscoin Mainnet

Ubiq

Polis Mainnet

Zyx Mainnet

High Performance Blockchain

GoChain

Palm

Expanse Network

ThaiChain

Metadium Mainnet

Flare Mainnet

Diode Prenet

ThaiChain 2.0 ThaiFi

ELA-DID-Sidechain Mainnet

Dithereum Mainnet

ShibaChain

Genesis L1

GoodData Mainnet

TBWG Chain

Valorbit

Darwinia Crab Network

XinFin Network Mainnet

Ontology Mainnet

EOS Mainnet

Ethereum Classic Mainnet

Ellaism

SoterOne Mainnet

IDChain Mainnet

POA Network Sokol

PrimusChain mainnet

GeneChain

GateChain Mainnet

Nova Network

Garizon Stage0

Garizon Stage1

Garizon Stage2

Garizon Stage3

NEXT Smart Chain

POA Network Core

EtherInc

EtherLite Chain

Fuse Sparknet

Decentralized Web Mainnet

OYchain Mainnet

Factory 127 Mainnet

DAX CHAIN

Lightstreams Mainnet

Seele Mainnet

BMC Mainnet

BitTorrent Chain Mainnet

Arbitrum on xDai

Freight Trust Network

Permission

Setheum

SUR Blockchain Network

Web3Q Mainnet

PulseChain Mainnet

Lisinski

Rupaya

Double-A Chain Mainnet

# An Introduction to BitShares
BitShares stands out in the ever-evolving world of blockchain technology and cryptocurrency. It's not just any digital currency; BitShares offers an array of functionalities that go beyond the typical use cases of a crypto asset. Let's take a closer look at what BitShares brings to the table and why it's considered an innovative player in the decentralization movement.

## What is BitShares?

**BitShares (BTS)** is a blockchain network that encapsulates more than just a simple cryptocurrency. It's a multifaceted platform that includes a decentralized exchange (DEX), a robust consensus mechanism known as Delegated Proof of Stake (DPoS), and various financial instruments. 

The BTS token is central to the ecosystem, serving as a utility token for staking, voting on network proposals, and acting as collateral for certain digital assets on the platform. 

## Delegated Proof-of-Stake: A Revolution in Consensus

Innovated by BitShares co-founder, Daniel Larimer, DPoS was created to overcome the inefficiencies of Proof of Work (PoW) systems. The DPoS mechanism is designed to be energy-conservative and inclusive, enabling participation without requiring specialized mining hardware.

In the BitShares DPoS framework:

- BTS token holders use their tokens to vote for delegates.
- These delegates are responsible for verifying transactions and maintaining the network.
- Only the top 101 delegates can produce blocks, balancing the network's need for performance and decentralization.

## Governance: Power to the Shareholders

The BitShares network is operated by a committee of elected members who [steer protocol](https://coinrotator.app/coin/toucan-protocol-base-carbon-tonne) direction and blockchain parameters. In this democratic system, any BTS shareholder has the right to vote on critical decisions affecting the network, showcasing the true essence of a decentralized autonomous organization (DAO).

## The Decentralized Exchange (DEX)

BitShares' DEX is a groundbreaking feature that allows for the trading of digitized real-world assets. This freedom to trade is enabled through four primary offerings:

1. **User-issued assets**: Users can generate their tokens representing virtually anything, from company shares to commodities.
2. **Market pegged assets**: These are digital assets on the blockchain pegged to real-world assets, providing stability in the often volatile crypto market.
3. **SmartCoins**: A subset of [market-pegged assets](https://coinrotator.app/coin/peg-eusd) backed by a 100% or greater equivalent value in BTS tokens.
4. **Distributed Autonomous Companies (DACs)**: These are companies run by smart contracts with no human intervention, where shares can be traded transparently on the BitShares DEX.

## Why BitShares?

BitShares doesn't just offer a cryptocurrency; it offers a comprehensive financial ecosystem. Its flexibility allows users to:

- Run for delegate positions.
- Digitize and trade a variety of assets.
- Launch decentralized autonomous organizations.

The platform aims to provide a suite of financial services securely and transparently, leveraging blockchain technology's power to transform traditional financial markets.

## Team Background

BitShares has been developed by a distinguished group of industry experts who possess a wide array of skills in various sectors such as banking, engineering, law, and software development. The team comprises visionaries such as Daniel Larimer, who also co-founded projects like EOS and Steemit. They're joined by technologists like Dr. Fabian Schuh and Dr. Stefan Schießl, as well as financial professionals like Dr. John Conlin and technology advocates such as iamredbar and litepresence.

BitShares Group, an independent entity dedicated to the BitShares project, plays an instrumental role in providing education and development resources. It maintains a robust roadmap and continues to uphold values such as trust, collaboration, and transparency within the BitShares community. The team’s diversity is indicative of BitShares' global community which spans multiple languages, regions, and cultures.

## Roadmap

The BitShares Group maintains an active roadmap and ensures that the community is aware of their ongoing projects and their progress:

- **Work in Progress**: Current features and upgrades being implemented on the platform, tracked through GitHub repositories.
- **Planned**: Outline of anticipated projects and enhancements slated for future releases.
- **Implemented Features**: List of successfully integrated features that enhance the BitShares network's capabilities.

As the BitShares platform is designed to be iterative and responsive to user feedback, changes are made to the roadmap as needed. The team also has emphasized maintaining the scalability and high availability of the network, ensuring that BitShares remains cutting-edge in the face of growing user demands and an evolving financial landscape.

## Current and Upcoming Projects

Some of the key developments and features currently upheld and promoted by BitShares pertain to:

- **Peer-to-peer bartering**: Enabled on-chain for BTS users, allowing for direct exchange of assets without the need for a traditional marketplace.
- **Decentralized Liquidity Pools**: BitShares has integrated mechanisms for automated market-making (AMM), further facilitating streamlined trading on the platform.
- **Credit Offers**: The network includes decentralized finance (DeFi) functions, negating reliance on centralized entities for lending and borrowing.
- **Non-Fungible Tokens (NFTs)**: BitShares has expanded its functionality to include the support of NFTs, showcasing the network's versatility in accommodating various asset types.
- **Built-in Liquidity Pools**: Launched in September 2020, these pools enhance the platform's financial technology portfolio, allowing users to stake their assets and earn transaction fees.

With a clear vision to integrate various financial stakeholders into a seamless [Open Source Blockchain](https://coinrotator.app/coin/openocean) ecosystem, the team continues to work on innovations that make financial transactions more efficient and transparent. They remain dedicated to creating an inclusive financial system with built-in advanced features, such as smart contracts, liquidity pools, prediction markets, and more.

## The Broader Context of BitShares

BitShares was born from the idea of ProtoShares, a previous iteration of Daniel Larimer's vision alongside blockchain pioneers such as Charles Hoskinson. The platform draws inspiration from and contributes to the growth of the wider blockchain ecosystem, with affiliations to projects like Steemit and Graphene technology, known for its high transaction throughput.

The BitShares community believes in a financial system that is not only robust and fast, capable of outpacing traditional networks like VISA and MasterCard but also one which can democratize the playing field for all its participants.

In summary, BitShares stands as a testament to blockchain's potential to innovate beyond traditional boundaries. Whether you're an enthusiast, investor, or newcomer to the crypto world, understanding BitShares is a step towards grasping the transformative influence of blockchain technology.

## {{name}} Price Analysis

As of {{month}} {{day}} {{year}} {{name}} has a marketcap of {{marketcap}}. 
This is {{percentagefromath}} from its all time high of {{ath}}. 
In terms of its tokenomics, there's a total supply of {{totalsupply}} with {{percentagecirculatingsupply}} currently outstanding. 
Keep in mind {{name}} has a fully diluted value of {{fdv}} 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.

BitShares

BitShares

Price Data

Analysis

Trade

Market Cap

All-Time High

All-Time Low

Fully Diluted Valuation

Circulating Supply

Total Supply

Max Supply

Categories

Similar Coins