Bitshares is a rich ecosystem of crypto innovation:
BitShares builds on the decentralized currency model of Bitcoin, the versatility of ETH, and extends in all directions to the point where the network is an economy in its own right. BitShares is a network, a bank, a currency, a stockbroker, an exchange platform and it supplies the next evolutionary step in the world of cryptocurrencies. There is no other option like it with the same battle-ready feature set available today.
Bitshares is built using Graphene high-performance Blockchain, which means it currently processes 3300 transactions per second, with the potential to scale to 100,000 per second in the future.
But besides speed, there’s another feature which makes BitShares more secure and reliable compared to other exchanges – it’s decentralized.
Decentralisation lowers counter-party risk and makes it a safe option for Bitshares to run its service on their Blockchain. Where a compromised centralized exchange affects all users at once, in a decentralized exchange any attack only impacts a single user. Each user is individually in charge of their own security which makes it a much safer option. Plus, in the Bitcoin ecosystem, funds are usually backed up with a 100% reserve system. A single hack can quickly turn a 100% reserve system in a no reserve system where it’s unlikely the exchange can give you the funds it owes you. With BitShares, all funds held by users are backed up to twice the reserve of traditional centralized exchanges. That goes for every Bitcoin, Dollar and fiat-pegged cryptocurrencies.
On the BitShares exchange, we can create cryptocurrencies pegged to the value of another asset such as the US Dollar, Chinese Renminbi or even gold. With the native bitshares (BTS) currency, the BitShares system allows stable BitUSD, BitCNY and BitGold to be created which can be converted at any time at an exchange rate set by a trustworthy price feed. These BitAssets are guaranteed to be worth at least their face value eliminating price volatility. At any point in time you can sell a BitUSD for at least 1 dollar worth of BTS. If at any time the value of the collateral falls below a certain point the Blockchain will automatically buy back the BitUSD with a dollars worth of BTS.
Visit Bitspark's blog if you want to know more about the crypto world:
https://blog.bitspark.io/On the BitShares exchange, we can create cryptocurrencies pegged to the value of another asset such as the US Dollar, Chinese Renminbi or even gold. With the native bitshares (BTS) currency, the BitShares system allows stable BitUSD, BitCNY and BitGold to be created which can be converted at any time at an exchange rate set by a trustworthy price feed. These BitAssets are guaranteed to be worth at least their face value eliminating price volatility. At any point in time you can sell a BitUSD for at least 1 dollar worth of BTS. If at any time the value of the collateral falls below a certain point the Blockchain will automatically buy back the BitUSD with a dollars worth of BTS.
The result is unparalleled stability not seen before in the crypto world which allows you to HODL during periods of volatility.
Topic: Why We should Invest in Bitshares? (Read 5261 times)
