Ok, someone would help creating a thread where we explain what is the BitShares Network, the advantages, what it can achieve and how it can be useful?
We already have the specs from the BitShares 2.0 annoucement but people might not realize how they can be used for their business. I would like to have something with which I could present other businesses to. We would have multiple use cases and explain them, however I'm not the best person to do that so I would really like everyone's help. We could even turn this into a flyer in the future.
So far we have the following using (/will use) BitShares:
CCEDK
BANX
Peak Venture Group
CCEDK and BANX will use BitShares as a mean to upgrade transactions speed, security and transparency right?
Peak Venture Group, quoting Stan, specializes in affiliate marketing to promote startups. I really don't know more about them at the moment as I asked a series of questions and didnt have a answer yet. They will use BitShares because of our referral system (don't know what other characteristics they liked).
What other businesses could use BitShares for? How would they do this? What characteristics of BitShares 2.0 would improve their business? These are the questions I would like to have on a clean thread or even a blog post on bitshares.org so everyone could easily contact many different businesses, even if they couldn't explain themselves in detail, how said business would benefit from BitShares.
So let us start. Feel free to quote this and edit to add stuff as you see fit.
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BitShares Network
Technology: (source:
https://bitshares.org/technology/, add links later)
-Price-Stable Cryptocurrencies - SmartCoins provide the freedom of cryptocurrency with the stability of the dollar
-Decentralized Asset Exchange - A fast and fluid trading platform
-Industrial Performance and Scalability - Over 100,000 transactions per second
-Collateralized Bond Market - Integrated peer-to-peer lending
-Recurring & Scheduled Payments - Flexible withdrawal permissions
-Referral Rewards Program - Network growth through adoption rewards
-Dynamic Account Permissions - Management for the corporate environment
-User-Issued Assets - Regulation-compatible cryptoasset issuance
-Stakeholder-Approved Project Funding - A self-sustaining funding model
-Transferable Named Accounts - Easy and secure transactions
-Delegated Proof-of-Stake Consensus - A robust and flexible consensus protocol
Use Cases:
- For Exchanges:
... Improved security, transparency and transaction speed (need help explaining these in detail)
... Benefits from the referral program as it could get up to 80% in fees (needs more explanation i guess)
-Insert other business here:
...Insert how they could use BitShares to improve here
...Insert how they could use BitShares to improve here
-Insert other business here:.
...Insert how they could use BitShares to improve here
...Insert how they could use BitShares to improve here
How our partners decided to work with us:
- CCEDK
...Improved liquidity as exchanges settle buy and sell orders in a unified order book
....insert reason why they joined us
-BANX (source:
http://www.newsbtc.com/2015/06/29/banx-capital-announces-to-join-bitshares-exchange-network/)
...Like CCEDK, an order book shared by multiple exchanges would improve liquidity
...“With shared order books we will have deeper markets, tighter spreads, and greater liquidity,”stated Lyford. “And since our customers keep their own keys while trading on this network, combined with hierarchical multi-sig capabilities we can’t get hacked – and our customers can’t get hacked.”
Peak Venture Group
...Referral program
... “We needed a way to seamlessly transition real world currencies like dollars and euros and the unique digital currencies used inside many of the games we offer at the gaming site. I figured we could integrate a crypto currency wallet somehow and use that currency as the common denominator and a way to automatically pay affiliate commissions.
But BitShares gave us a complete decentralized currency exchange network right out of the box. It even had built-in smart contracts to help automate our affiliate program. This helps us make sure every affiliate gets paid automatically for every transaction made by any member of her integrated game and financial empire. And BitShares can keep up with gaming speeds
(source:
http://www.fox5vegas.com/story/29458521/peak-venture-group-adopts-the-bitshares-network)
Now we only need to expand on this, add the links, make it look pretty and presentable and we have something easy and nice to show other businesses
and could add it to BitShares blog so we would link people directly to BitShares site where they would have more in depth info
Topic: BitShares Network Introduction (Read 1171 times)
