You are viewing a single comment's thread from:
RE: Bringing Bitshares to a Wider Audience
Nice thanks but how is it different from Bitcoin apart from the decentralized exchange?
Nice thanks but how is it different from Bitcoin apart from the decentralized exchange?
The biggest differences, aside from the decentralized exchange, are ease of use and scalability. You make transfers to account names and they are basically instant. It is super fast and easy to move BTS around. The blockchain also currently handles 3000 transactions per second and can scale to 100,000 TPS. There is a major project underway that is using the Bitshares blockchain for point of sale systems to capitalize on the blockchain transaction capacity. So in summary, it's faster, simpler and scales better but is not a competitor to Bitcoin. Bitcoin seems to have been design primarily as a store of value, like gold, and Bitshares is more of a broad financial platform.
Oh, and stealth/blinded transactions are possible and being implemented. Bitshares can enable total financial privacy in both transacting and investing. It really is an awesome platform (built by the same people behind Steemit).
OK I am going to look into it further sounds like a good way to expose yourself to currencies, stocks?
You can trade pegged assets that represent currencies and commodities like USD, CNY, gold, silver, oil. You can also trade 'stocks' in other crypto projects. The exchange is completely decentralized and there is no counterparty risk, zero. Liquidity is low right now, but growing. By all means, download the wallet/client and look around. The bithsharestalk community is also very friendly and helpful!