Quick Guide about BitShares and Its Native Token $BTS
BitShares is a decentralized platform, frequently used to safely trade cryptocurrencies without the involvement of middlemen. It was created to offer a more effective worldwide payment network.
What is BitShares (BTS)?
It was first introduced in July 2014 under the name "ProtoShares" (PTS), but less than a year later it changed its name to "BitShares" (BTS). The BitShares platform is run by a decentralized autonomous company (DAC), which gives $BTS token holders control over the network’s development and the features that will be added in the future.
$BTS Token and Its Utilities
The BitShares (BTS) token, is a native utility token that can be used for many things, including the production of “BitAssets,” or smart coins that may represent nearly anything, such as reward points, collateralized fiat-pegged tokens, and IOUs. It utilizes Graphene, an open-source blockchain implementation, that can handle up to 100,000 transactions per second (TPS), which is quicker than both MasterCard and VISA put together.
One of the few blockchain platforms, BitShares, has done away with addresses entirely. Instead, it distinguishes people through simple memos, making it one of the most approachable crypto sites. It is also designed around a well-known referral program that shares upgrade costs between referrers and the BitShares network to encourage network expansion.
As of August 2022, BitShares is in the process of a relaunch and will be going through several major changes going forward.
Team
Software expert Daniel Larimer is also a co-founder of several other well-known blockchain businesses, such as EOS.IO, Block.one, and Steemit. Larimer is well-known and largely recognized as one of the industry’s most innovative leaders.
Entrepreneur and mathematician Charles Hoskinson is one of the original eight Ethereum co-founders and the founder of the second-most successful blockchain platform (behind Bitcoin). Hoskinson is currently the CEO of Input Output HK (IOHK), the research and development firm that created the Cardano cryptocurrency (ADA).
With the support of more than 60 long-term collaborators ranging from highly qualified developers and systems administrators to economists and lawyers,
Where to Store BitShares (BTS)
The official Bitshares Wallet that supports $BTS Tokens is here:
https://wallet.bitshares.org/#/
Where to Buy and Sell BitShares (BTS)
You can Buy & Sell BitShares (BTS) by heading over to the Buy Coins page of our website. BitShares (BTS) is available on the BC Bitcoin, trading against major fiat currencies: GBP and EUR. Buying $BTS has never been easier, simply place your order and provide your wallet address. Once your payment arrives BitShares (BTS) will be sent directly to your wallet.
If you choose to Sell BitShares (BTS) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.
BitShares (BTS) Resources
Website: https://bitshares.github.io/
Block Explorer: https://cryptofresh.com/
Twitter: https://twitter.com/bitsharesorg
Disclaimer: The information provided in this article is intended for informational purposes only. It is the reader’s responsibility to complete their own research and due diligence.
