BitShares Blockchain is a decentralized “Blockchain As Organization” (BAO); an industrial-grade decentralized Web 3.0 platform built for high-performance financial means and smart contracts. It represents the first decentralized autonomous community that enables its core token holders to decide its future direction and financial products. In contrast to other smart contracting platform, its strictly focused on security and reliability which allowed BitShares Blockchain to become the largest host of decentralized exchanges worldwide.
BitShares Blockchain is similar to a publicly owned company or open joint-stock companies. Yet, unlike traditional entities, BitShares Blockchain does not require registration in any jurisdiction, because trust between it’s users is mediated by an (AI) technology over the internet.
BitShares Blockchain is reinventing the global equity blockchain – that is secure, smart and easy-to-use platform, and completely disrupting the way businesses raise capital and the way investors buy and sell shares.
BitShares Blockchain, as it exists today, was launched on 13th October 2015 with its community being established already in 2013. It implements an industrial-grade decentralized platform built for high-performance smart contracts with focus on the financial technologies sector, BitShares represents the first decentralized autonomous cooperation that lets holders of its core native token BTS decide on its future direction and governance aspects.
Even though BitShares Blockchain comes with over 50 already implemented operations which deserve to be presented, this document focuses on the description of BitShares Blockchain as a platform, its architecture as well as its governance system using the core native token BTS.
BTS - BTS is the core asset utility which is needed to submit transactions on BitShares Blockchain; it is also used for BitShares development purposes; while BTS asset shareholders are in power to manage and develop BitShares and influence its future using several decentralized integrated functions and tools such as decentralized worker and voting system.
BitShares Blockchain runs on an open-source blockchain implementation known as Graphene, which is reportedly capable of processing up to 100,000 transactions per second (TPS) — making it faster than both MasterCard and VISA combined.
### Development of BitShares Blockchain
BitShares Blockchain was developed through an agile teamwork, some of the participants are well known to the Blockchain industry, such as (Daniel Larimer, Charles Hoskinson and Abitmore) who'd accomplished software engineering and had co-founded several other prominent blockchains and ventures including EOS.IO, Block.one and Steemit.
#### BitShares Blockchain Features
BitShares Blockchain enable several financial innovations such as: User Issued Asset (UIA), Market Pegged Asset (MPA), Non-Fungible Tokens (NFT), Decentralized Exchange Engine (DEX), Decentralized Finance (DeFi), Automated Market Maker (AMM) and Hashed Time-lock Contract (HTLC).
Decentralized Exchange (DEX):
The decentralized exchange (DEX) of BitShares has a similar look & feel as traditional centralized exchanges. However, trading in the DEX can have many different appearances, depending on what user-interface is used.
Smart Assets (Smart Contracts):
The benefit of price-stable cryptocurrencies is that they are fully collateralized, and the issuer only needs to be trusted to appoint an honest set of independent (non-collusive) feed producers. Unlike deposit receipts, the value of a Privatized Smart Assets is secured.
Decentralized Finance (DeFi):
DeFi cryptocurrencies are fully collateralized, and the issuer only needs to be trusted to appoint an honest set of independent (non-collusive) feed producers. Unlike deposit receipts, the value of a Privatized SmartCoin is secured even if the issuer disappears.
Decentralized Liquidity Pools (LP):
Instead of traditional markets of buyers and sellers, many decentralized finance (DeFi) platforms use automated market makers (AMMs), which allow digital assets to be traded in an automatic and permissionless manner through the use of liquidity pools.
### Buying BTS of BitShares Blockchain
BitShares token (BTS) is currently available to purchase or trade over several of the most prominent cryptocurrency exchange platforms such as (Binance, Poloniex, Huobi, LATOKEN, gate.io, mexc, and bittrex) and many others.