BitShares Asset Review 2023 - Is It Safe?
BitShares Asset (BTS) is a decentralized blockchain-based platform that enables users to trade, store, and manage various digital assets. The BitShares platform was developed by Dan Larimer, who also created other notable blockchain projects such as Steemit and EOS. BitShares is designed to provide a fast, efficient, and decentralized trading platform for digital assets, including cryptocurrencies, stocks, and commodities. In this review, we will analyze the key features of BitShares Asset, including its technology, team, token economics, use cases, and future prospects.
Technology
BitShares is built on a delegated Proof-of-Stake (dPoS) consensus algorithm, which is designed to provide faster transaction speeds and lower fees compared to other blockchain platforms. The dPoS algorithm uses a network of delegates who are responsible for verifying transactions and adding them to the blockchain. The use of dPoS ensures that the BitShares network is fast, efficient, and scalable.
BitShares uses a Graphene blockchain technology, which is a unique technology that allows for the creation of custom digital assets. This makes it possible to create and trade a wide range of digital assets, including cryptocurrencies, stocks, and commodities. The platform also uses a high-performance matching engine that can process up to 100,000 transactions per second.
Team
The BitShares platform was developed by Dan Larimer, who is a well-known figure in the blockchain industry. Larimer is also the founder of Steemit and EOS, which are other notable blockchain projects. The BitShares team consists of experienced developers, marketers, and business experts who are committed to creating a decentralized trading platform that is accessible to everyone.
Token Economics
BitShares Asset has a total supply of 3.6 billion tokens, of which around 2.7 billion tokens are in circulation. The platform uses a Proof-of-Stake (PoS) consensus algorithm, which means that users are rewarded with BTS tokens for holding and staking their tokens. The reward for staking BTS is currently around 3.5% per annum.
BTS tokens are primarily used for trading on the BitShares platform. The platform allows users to trade various digital assets, including cryptocurrencies, stocks, and commodities. BTS can also be used to pay for transaction fees on the BitShares platform. Additionally, BTS can be traded on various cryptocurrency exchanges.
Use Cases
BitShares Asset has a wide range of use cases, including:
Trading: BitShares Asset is primarily used for trading on the BitShares platform. The platform allows users to trade various digital assets, including cryptocurrencies, stocks, and commodities. The platform is fast, efficient, and decentralized, making it an ideal platform for trading.
Decentralized exchange: BitShares is a decentralized exchange, which means that users can trade digital assets without the need for a centralized intermediary. This makes the BitShares platform more secure and transparent than centralized exchanges.
Custom digital assets: BitShares allows for the creation of custom digital assets, which can be used for a wide range of applications. This includes creating cryptocurrencies, stocks, and commodities that can be traded on the BitShares platform.
Stablecoins: BitShares allows for the creation of stablecoins, which are digital assets that are pegged to a stable asset such as the US dollar. Stablecoins can be used as a store of value and a means of exchange.
The decentralized exchange is not so fast, actually. But among the other the same exchanges it shows a good level, I suppose. The operations are finished withing a couple of days. Not bad
I used to have a positive expirience here, the important thing for it was the smooth withdrawals and I got one, I'm glad to find this exchange!
Good to see a good working platform without any scum moves and long annoying pending. I'm content.
I haven't faced any issues with the registration, I did that I literally forgot how I did that because it was so fast and smooth and no memories left about it. Today I trade and I'm satisfied.
The fee is low here, but the main downslide is a registration, it needs to be fixed, I suppose, it takes a lot of time, it has to be not so complicated. But from the other point of view, the bitshares is ok.
