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6 Review
11 Karma

Review on BitShares by Toan Nguyen

Revainrating 5 out of 5

By having the trades executed on the BitShares network, Bitshare also…

By having the trades executed on the BitShares network, Bitshare also eliminate high-frequency trading and front running. High frequency trading and front running depend upon centralized exchanges with high volume and deep markets. When the vast majority of trading activity moves to a decentralized, trust-free exchange, the remaining centralized exchanges become much less appealing to high-frequency traders.




Pros
  • The heart of BitShares is the SmartCoin system which enables the creation of 200% collateralized IOUs from the BitShares network. A BitUSD has all of the properties of Bitcoin combined with the price stability of the US dollar. At any point in time you can sell a BitUSD for at least 1 dollar worth of BTS. If at any time the value of the collateral falls below a certain point the blockchain will automatically buy back the BitUSD with a dollars worth of BTS.
Cons
  • Requires use of another service to deposit/withdraw funds.

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