BitShares (BTS) is a kind of open-source blockchain based software, peer to peer distributed ledger, and an industrial grade crypto-equity. Similar to Bitcoin, it's based on an open source C++ blockchain implementation known as Graphene. The creator of th e BitShares' Delegated Proof of Stake (DPoS) algorithm, Dan Larimer, is also the co-founder of Steemit, EOS, and Cryptonomex.

BitShares competes with banks by using collateralizing solid and market-pegged bitassets (also known as "smart coins"). Crypto-based assets track assets in the real-world market, and the Smart Coin token always has at least 200% of its value backed by BitShares currency and can be converted to it at any time.

BTS is often used to issue shares, produce profits and distribute profits to shareholders through launching Decentralized Autonomous Companies (DACs), and also to make profitable companies that people want to own shares in. This way it creates a return for the shareholders. BitShares can loan your BTS holdings with reserve levels you can customize to a minimum of 200%, reaching up to 1000 or sometimes 2000%.

Comments