BTS
BitSharesUSD 0.00177735
as of 2024-10-15 15:10:02 UTC
What
What is BitShares (BTS)?
BTS, also known as BitShares, is a decentralized cryptocurrency and blockchain platform that was launched in 2014. It was created by Dan Larimer, who is also the founder of EOS and Steemit.
BitShares is designed to be a fast, secure, and scalable platform for decentralized applications (dApps) and digital assets. It is built on a delegated proof-of-stake (DPoS) consensus mechanism, which allows for faster transaction processing and lower fees compared to some other blockchain platforms.
One of the unique features of BitShares is its ability to support the creation and trading of user-issued assets, or UIAs. UIAs can represent any type of digital asset, including currencies, commodities, stocks, and more.
BTS is the native cryptocurrency of the BitShares platform and is used to pay transaction fees and secure the network through staking. BTS can also be used to purchase UIAs on the BitShares decentralized exchange (DEX).
Why
Why was BitShares (BTS) invented?
BTS, or BitShares, was created to provide a decentralized platform for digital asset management, decentralized exchange, and application development. The platform was launched in 2014 by Dan Larimer, who had previously created the blockchain-based social media platform Steemit and later went on to create the EOS blockchain.
One of the main goals of BitShares is to provide a more efficient and secure way to manage and trade digital assets. BitShares uses a delegated proof-of-stake (DPoS) consensus mechanism, which allows for faster transaction processing and lower fees compared to some other blockchain platforms. It also supports the creation and trading of user-issued assets (UIAs), which can represent any type of digital asset, such as currencies, commodities, stocks, and more.
The BTS cryptocurrency was created as the native currency of the BitShares platform and is used to pay transaction fees and secure the network through staking. It can also be used to purchase UIAs on the BitShares decentralized exchange (DEX).
Overall, BitShares was created to provide a decentralized and more efficient alternative to traditional financial systems, where users can manage and trade digital assets with greater control and security.
Who
Who created BitShares (BTS)?
BTS, also known as BitShares, was created by Dan Larimer. Larimer is a well-known figure in the cryptocurrency and blockchain space, having also created the blockchain-based social media platform Steemit and the EOS blockchain.
Larimer developed BitShares as a decentralized platform for digital asset management, decentralized exchange, and application development. BitShares uses a delegated proof-of-stake (DPoS) consensus mechanism, which allows for faster transaction processing and lower fees compared to some other blockchain platforms. It also supports the creation and trading of user-issued assets (UIAs), which can represent any type of digital asset, such as currencies, commodities, stocks, and more.
The BTS cryptocurrency was created as the native currency of the BitShares platform and is used to pay transaction fees and secure the network through staking. It can also be used to purchase UIAs on the BitShares decentralized exchange (DEX).
When
When was BitShares (BTS) launched?
2014-07-19
Where
Where can you buy/invest in BitShares (BTS)?