Everything you should know before investing..

“BitShares is designed from the ground up to process more transactions every second than VISA and MasterCard combined.”
BitShares is one of the few cryptocurrencies that rose to fame as soon as it was launched back in 2015. Today still, BitShares is regarded as an investor-favorite in cryptocurrency market having one of the strongest blockchain platforms known to this technology. Trustless, fast, and able to scale with use, BitShares is a decentralized exchange at its core that is aiming to destabilize the way we currently deal with buying and selling of our cryptocurrencies. The BitShares platform is completely run and maintained by the BitShares community, an open consortium of individuals and organizations committed to providing universal access to the power of smart contracts. Not content with users having to convert to fiat currencies (like USD and EUR) in order to stabilize their investments, the community has created an exchange platform built on the blockchain that is powered by Smart Coins.

Traditionally, investors and traders buy and sell cryptocurrencies on an exchange by converting them to and fro from fiat currencies like USD. This meant that ‘anonymity’ that is promised by cryptocurrencies is lost during every transaction involving crypto coins and fiat currencies, making complete anonymity non-inherent in the blockchain platform. The disadvantage of online exchanges is that they are centralized systems. The database is stored on servers controlled by the exchange alone, and you need to create verified accounts to use its services, usually involving scanning your passport or driving license. Bitcoin and altcoins are still relatively young concepts and still suffer from wild swings. For this reason, while they may offer good investment opportunities, there remains a need for a way to convert crypto coins into a stable asset – often USD.
While this need for centralization is understandable till some point, the need for a stronger, decentralized and anonymous system is more to fuel a wholly trustless system on the blockchain platform. And this is exactly what Daniel Larimer, Stan Larimer, and Charles Hoskinson were aiming to achieve through their idea of “A Peer-to-Peer Polymorphic Digital Asset Exchange” known as BitShares. Unlike bitcoin, BitShares’ main goal is not to be a peer-to-peer currency, but a fully-fledged exchange system with value tokens (such as BitUSD or BitGold) tied to real-life assets called BitAssets.
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