What exactly bitshares is?
bitshares·@safvan·
0.000 HBDWhat exactly bitshares is?
<html> <p><em><strong>Please don't call it an altcoin. It's not a Bitcoin clone.</strong></em></p> <p><br></p> <p><em><strong>Bitshares is a blockchain, a decentralized exchange, a backbone for businesses.</strong></em></p> <p><em><strong>Bitshares is the longest blockchain in existence. over 20,000,000 blocks by now.</strong></em></p> <p><em><strong>Bithsares together with Steem are the cryptocurrencies with fastest block times. Transactions are included in a block in about 1.5s.</strong></em></p> <p><em><strong>Bitshares has the world record of transactions in a single day, almost 1,000,000 tx.</strong></em></p> <p><em><strong>Bitshares is the most scalable blockchain. While Bitcoin can do some 5TX/s, Bitshares can probably do over 100,000.</strong></em></p> <p><em><strong>Bitshares has price-stable currencies backed by something real in a smart contract. BitUSD, bitCNY, bitEUR, bitJPY, bitGOLD, bitSILVER.</strong></em></p> <p><em><strong>Really flexible permission system, with M of N multisig, nested multisig, etc.</strong></em></p> <p><em><strong>Very low transaction and trading fee's. Like fractions of a cent.</strong></em></p> <p><em><strong>Named accounts instead of public keys. Curiously people find it hard to understand.</strong></em></p> <p><em><strong>Development fund / treasury, which can be used to pay for workers. Workers can code, do marketing, or provide anything of value which shareholders vote for.</strong></em></p> <p><em><strong>Direct or proxy-voting by shareholders for witnesses, committee, workers.</strong></em></p> <p><em><strong>Committee adjustable blockchain parameters, like block time, block size, fee's, amount of witnesses, and probably a hundred or more parameters.</strong></em></p> <p><em><strong>User issued assets, like gateway IOU's</strong></em></p> <p><em><strong>Fee backed assets; someone can develop a feature for Bitshares, the usage of which requires a fee, which is payed to buy back the FBA. Anyone can create a new feature, crowdfund it, and personally benefit from it's usage.</strong></em></p> <p><em><strong>Smartcoins, the value of which is defined by an algorithm. HERO is one, and it's value increases by 5% per year. BIT20 is another, which follows the value of top20 crypto's.</strong></em></p> <p><em><strong>Commodity assets, which follow the value of any given thing with a real-world value, like wheat, oil, temperature, etc...</strong></em></p> <p><em><strong>Binary prediction markets.</strong></em></p> <p><em><strong>Decentralized multi-party oracles</strong></em></p> <p><em><strong>Inbuilt referral system, so the referrer of a new user gets a slice of all fee's payed by the new user infinitely</strong></em></p> <p><em><strong>Whitelists and Blacklists</strong></em></p> <p><em><strong>Lots of adjustable parameters for asset issuer.</strong></em></p> </html>