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BitShares

Overview#

BitShares is an Open Source, Public Domain, blockchain-based, real-time financial platform.

BitShares provides a Decentralized Exchange – similar to NYSE but for cryptocurrencies and without the need to trust a Authoritative Entity to handle all the funds – that facilitates trading using an international network of computers, in which anyone can take part.

BitShares also provides a cryptocurrency token called "BTS", which can be transferred between accounts and is used to collect fees for network operations and as a collateral for loans. The platform was designed by Daniel Larimer, an American programmer and entrepreneur, and launched in July 2014. Since March 2016 the project has been a part of Microsoft Azure Blockchain as a Service package.

BitShares uses Proof-of-Stake Distributed Consensus Protocol

BITUSD is a BitShares that is nearly "pegged" to the value of the USD.

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