BitShares BTS

$0.1967
Market Cap $ 519.807 MM (#30)
24h Volume $ 24.728 MM
Chg. 24h: -0.70%
Algo. score 4.1/5  (#17)
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BitShares project purpose and description

BitShares clarity of purpose

BitShares purpose and aspects

Bitshares offers: distributed multi-user database, permissions managed by a defined set of rules, asset management, Trustless transactions between parties, Freedom of payments, Counterfeiting impossible, Fraud resistant, No single point of failure, free to hold

BitShares additional differentiation against competition

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Short description

BitShares (BTS) was first introduced in a White Paper titled “A Peer-to-Peer Polymorphic Digital Asset Exchange” by Daniel Larimer, Charles Hoskinson, and Stan Larimer. It is a brand of open-source software based on the as blockchain technology as used by Bitcoin. Unlike bitcoins, which do not produce any income for their owners, BitShare can be used to launch Decentralized Autonomous Companies (DACs) which issue shares, produce profits and distribute profits to shareholders. As such, BitShares is about making profitable companies that people want to own shares in, thus creating return for the shareholders. The first DAC launched by this proces was called BitSharesX, a decentralized asset exchange based in Hong Kong. BitShares was originally launched under the name of ProtoShares (PTS); it was later renamed to BitShares (BTS) and "reloaded" in November 2014 by merging several products into BitShares (BTS).

Abstract

BitShares is a technology supported by next-generation entrepreneurs, investors, and developers with a common interest in finding free-market solutions by leveraging the power of globally decentralized consensus and decision making.

Link to Roadmap: https://bitshares.org/roadmap.html
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