The “Uber moment” of financial markets is here... Bitshares and OpenLedger are pioneering the DEX movement.

in #bitshares7 years ago (edited)


Imagine the possibility for a start-up, SMB, CO-OP and even a self-employed having the possibility to quickly issue at a low cost a digital token representing value in their venture and easily share it directly to their customers, supporters or investors. These operations, formerly carried out mainly by large and multinational companies, are now within the reach of small & micro businesses. The “Uber moment” of financial markets is here and thanks to OpenLedger – The decentralized financial marketplace build on Bitshares protocol, companies of all sizes can now issue and distribute digital tokens without intermediaries. 


What Bitcoin does for money, BitShares is doing it for companies by extending the innovation of the Blockchain to several sectors that use the Internet to provide services to their customers.  As well as Ethereum, Ripple, Nxt, NEM and others, Bitshares is part of the "Blockchain 2.0" movement, aiming to apply the principles of decentralization introduced by Bitcoin eight years ago to other sectors of the economy.Launched in november 2014, Bitshares protocol has undergone lots of modification enabling it to remain competitive in the public Blockchain market.


Since the launch of Bitshares 2.0 in October 2015, many start-ups have come to acknowledge all the advanced features built into it and started developing projects and offering their asset on this protocol. Here are some:

Some features of the BitShares protocol:

  • Token transfer system
  • Transferred name accounts
  • Dynamic Account Management
  • System for managing recurring payments
  • Integrated referral and affiliation system
  • User Asset Allocation System (UIA)
  • Flexible configuration to adapt for laws and regulations
  • Budgeting system for stakeholder project funding
  • Governance system for protocol improvement
  • Delegated and decentralized consensus mechanism (DPoS)
  • Processing capacity up to 100,000 transactions/sec.
  • Three (3) second blocktime validation
  • Price-stability mechanism with Smartcoins (BitUSD, BitEUR, BitCNY, BitGold, BitSilver, BitBTC).

Another advantage of the BitShares protocol is that it’s a Decentralize Autonomous Organization (DAO) that can offer industrial grade services at a fraction of the price, unlike centralized organizations. The protocol was build using a toolkit called Graphene developed by Daniel Larimer and his team at Cryptonomex for rapid deployment of Blockchain projects. It’s also powering Steem Blockchain and PeerPlays Blockchain. You can experience Bitshares features by creating a free account on the decentralized marketplace – OpenLedger.   

Thanks for reading and all the best if you are looking to build on this undervalued technology. 

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nice summary

Thks @jonnybitcoin, I've been following Bitshares and the entire community for almost 2 years and saw the power of Graphene, compare to other Blockchain.

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