1 Level
6 Review
6 Karma
Review on BitShares by Sang Tran
Roles of an Exchange The roles that traditional exchanges perform todayβ¦
Roles of an Exchange
The roles that traditional exchanges perform today encompass:
Receiving cryptocurrency and issuing IOUs.
Receiving fiat and issuing IOUs.
Processing an order book.
Redeeming IOUs.
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Pros
- By always maintaining reserves, you can rest assured that BitShares is solvent in almost any market. All of the reserves are kept as BTS held on the blockchain, and they cannot be stolen, because there are no private keys that can be compromised to steal the reserves.
Cons
- The bitshare community is not big.
