Bitshares Technology..

in #bitshare8 years ago

The technology behind BitShares offers numerous features that are not available on other popular blockchain platforms..
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We’ve already spoken about Smart Currencies in the above subsection of BitAssets. Like any other cryptocurrency, SmartCoins are fungible, divisible, and free from any restrictions. Things get interesting when we come down to the Exchange Platform itself and the Graphene Technology.
Now, the BitShares provides with a fast and fluid trading platform in the form of a decentralized asset exchange, with all the features you would expect in a trading platform. It can handle the trading volume of the NASDAQ while settling orders the second you submit them. With this kind of performance on a decentralized exchange, who needs risky centralized exchanges?
It provides for dynamic permissions by designing them around people, rather than around cryptography, making it easy to use. Every account can be controlled by any weighted combination of other accounts and private keys. This creates a hierarchical structure that reflects how permissions are organized in real life and makes multi-user control over funds easier than ever. Multi-user control is the single biggest contributor to security, and, when used properly, it can virtually eliminate the risk of theft due to hacking.
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As high-performance blockchain technology is necessary for cryptocurrencies and smart contract platforms to provide a viable alternative to existing financial platforms. BitShares is designed from the ground up to process more transactions every second than VISA and MasterCard combined. With Delegated Proof of Stake, the BitShares network can confirm transactions in an average of just 1 second, limited only by the speed of light. Thus with Graphene being capable of 100,000 TPS when we pay the network to go for it, Bitshares ensures excellent industrial performance and scalability.
Along with all of this, BitShares is designed to be self-funding and self-sustaining by giving the stakeholders the power to direct where blockchain reserves are spent. BitShares has a reserve pool of 1.2 billion BTS (about $8 million dollars) that automatically grows as transaction fees are collected and the share price rises. Each day, the blockchain is authorized to spend up to 432,000 BTS (about $77,000 per month), which is enough to hire a small team to maintain the network for years, even with no price appreciation.
PC= itsblockchain.com
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