BitShares (BTS) Price Up 17.2% This Week

BitShares (CURRENCY:BTS) traded up 2.3% against the dollar during the 24-hour period ending at 17:00 PM Eastern on February 2nd. BitShares has a total market capitalization of $733.09 million and approximately $20.60 million worth of BitShares was traded on exchanges in the last 24 hours. One BitShares coin can currently be purchased for approximately $0.28 or 0.00002572 BTC on popular cryptocurrency exchanges including BitShares Asset Exchange, Bitcoin Indonesia, Poloniex and OpenLedger DEX. In the last week, BitShares has traded 17.2% higher against the dollar.

BitShares (BTS) is a proof-of-stake (PoS) coin that uses the SHA-512 hashing algorithm. It launched on July 19th, 2014. BitShares’ total supply is 2,608,880,000 coins. The official message board for BitShares is bitsharestalk.org. The Reddit community for BitShares is /r/bitshares and the currency’s Github account can be viewed here. BitShares’ official Twitter account is @_bitshares and its Facebook page is accessible here. The official website for BitShares is bitshares.org.

According to CryptoCompare, “BitShares (BTS) was first introduced in a White Paper titled “A Peer-to-Peer Polymorphic Digital Asset Exchange” by Daniel Larimer, Charles Hoskinson, and Stan Larimer. It is a brand of open-source software based on the as blockchain technology as used by Bitcoin. Unlike bitcoins, which do not produce any income for their owners, BitShare can be used to launch Decentralized Autonomous Companies (DACs) which issue shares, produce profits and distribute profits to shareholders. As such, BitShares is about making profitable companies that people want to own shares in, thus creating return for the shareholders. The first DAC launched by this proces was called BitSharesX, a decentralized asset exchange based in Hong Kong. BitShares was originally launched under the name of ProtoShares (PTS); it was later renamed to BitShares (BTS) and “reloaded” in November 2014 by merging several products into BitShares (BTS). “