BitShares
Last updated | 4 hours ago |
Price per BTS in USD | $ 0.0011538828196969 |
Price per BTS in Bitcoin | 0 |
Volume over the last 24 hours | $ 79,906 |
Market cap in USD | $ 3,455,948 |
Change in % over the last hour | 1.14229353 |
Change in % over the last 24 hours | 2.51545773 |
Change in % over the last 7 days | 11.31779523 |
BTS specifications
Name | BitShares |
Symbol | BTS |
Minable | No |
Algorithm | N/A |
Prooftype | DPoS |
Coin description
BitShares is a decentralized exchange (DEX) and financial platform built on blockchain technology. It uses a delegated proof-of-stake (DPoS) consensus mechanism, allowing token holders to vote for witnesses who validate transactions. BitShares focuses on enabling fast, low-cost transactions and supporting stablecoins pegged to real-world assets like USD.
BitShares Decentralized Finance
BitShares' DEX allows users to trade assets without intermediaries, reducing costs and increasing transparency. Its native stablecoin, BitUSD, provides a hedge against cryptocurrency volatility, making it appealing to traders and merchants. Additionally, BitShares' governance model ensures that decisions are made democratically, fostering a strong sense of community ownership.
One of BitShares' strengths lies in its ability to handle high transaction volumes without congestion. Its DPoS mechanism ensures near-instant confirmations, making it ideal for applications like remittances and micropayments. Keywords like BitShares DEX and decentralized stablecoins are closely associated with this project.