An introduction to Bitshares

BitShares is a cryptocurrency and blockchain platform. Currently, it is at the 26th position among the markets cap altcoins (source) worth $10 million at the writing time. The currency was founded by Daniel Larimer in 2013. It has a three second block time, which is said to be as fast as a transmission done from the farthest side of the planet and still makes it to the current block. A fun fact is that the Steemit Blockchain is based on Bitshares technology. So one more reason to explore and introduce Bitshares.

The currency features some new major aspects that makes it stand out among other altcoins:

1. More decentralized mode of exchange built into its wallet client;
2. Human readable addresses;
3. Ability to be issued as personalized crypto-assets to other holders of wallets;
4. A spectacular governance model with user voting;
5. Ability to be denominated in gold, silver, oil and other commodities or currencies;
6. The account can never be frozen or the funds freezed.

BitShares is powered by Bitshares, which is an open source technology. It allow the wallet holder to trade crypto equities or bitassets. The altcoin currency offers a bank account where funds can be transferred instantly from any part of the world with more efficiency and privacy than any bank. BitShares serves as a form of exchange where currencies and stock derivatives can be traded including options and shorts.

How is Bitshares different?

1. Bitcoin is a reputable cryptocurrency with a relatively larger market cap as compared to other altcoins. Many innovations have happened to this altcoin making it easier and safer.

2. Due to the effect of the network, BitShares has a very powerful features like pegging. Another advantage that makes BitShares stand out is the fact that it is accepted by merchants all over the world. All this add to the network's credibility and the currency's power to stay.

3. Other altcoins are doing a lot of innovations but Bitshares remains a trusted altcoin with the focal central point of innovation.

4. Technically, from an investment point of view, Bitshares have a lot in common with Ethereum and NXT, more than what these two altcoins have in common with other smaller altcoins. Some of the most actively trading altcoins in the market today have valuations of as low as a thousand dollars, with a daily volume of tens of dollars.

5. Most of the coin trading markets use Bitshares to purchase other altcoins such as Ethereum, Dogecoin, Litecoin etc. Any trader intending to purchase other altcoins must have sufficient Bitcoins in their wallet. There are also Visa and MasterCards that transform Bitshares into fiat money.

Get started with Bitshares

Download the Bitshares wallet from www.bitshares.org and create an account. From there you are ready to start your Bitshares adventure.

If you encounter any problems, feel free to ask and share it on the Bitshares forum @ www.bitsharestalk.org

Bitshares is a good and interesting investment choice since it is an altcoin with a good reputation in operation and a stable codebase with endless possibilities.

Bitshares video's

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