About BitShares (BTS)
BitShares is a public Proof-of-Stake (PoS) blockchain network that provides users with access to a decentralized exchange (DEX). The Bitshares DEX enables users to link a digital asset to a physical asset, allowing nearly any asset to trade freely on its blockchain. It offers a decentralized asset exchange for cryptocurrencies without relying on a centralized fund. The native token of BitShares is $BTS, which is used to pay network activity fees or act as collateral. The live price of BitShares is updated and available in real-time on Binance.
The BitShares DEX allows users to digitize and trade almost any real-world asset on the blockchain, backing said assets in BTS. Tokenization of assets enables users to freely trade them on the Bitshares DEX.
Other distinct offerings available through the Bitshares DEX include market-pegged assets and SmartCoins. Market-pegged assets are digital assets on the BitShares platform that are linked to traditional financial assets like stocks or bonds. SmartCoins are assets tied to the market, supported by a minimum of 100% of their value in BTS tokens. These assets can be used as collateral for a loan at any given moment. BitUSD, for example, is a SmartCoin pegged to the US dollar and backed by at least 100% of its value in BTS.
Furthermore, BitShare allows users to form decentralized autonomous companies governed by smart contracts in the network.
BitShares blockchain employs a consensus algorithm known as Delegated-Proof-of-Stake (DPoS), which was created to replace the traditional mining process, increase throughput, and decrease the reaction times of the blockchain.
Users can use BTS tokens to vote for delegates who verify transactions, create blocks, and broadcast blocks to the BitShares DPoS network. Anyone on the network can run to be a delegate, but only the top 101 can maintain the Blockchain and receive the block reward set by the governance committee.
In August 2021, BitShares launched dBTS, an ERC-20 token compatible on Ethereum platform, pegged 1-1 with the real BTS core token of BitShares. By integrating with ERC-20 markets, dBTS aims to extend the exposure of BTS, amplifying its interest and liquidity. This strategic move can be likened to "gorilla marketing," as it opens up significant opportunities for BitShares to gain recognition and widespread adoption in the industry.
