1 Level
6 Review
2 Karma
Review on BitShares by Adrien Dylan
BitShares is mainly an open source and blockchain-based software that shields…
BitShares is mainly an open source and blockchain-based software that shields its users via cryptography with the aim of sustaining a ledger of transactions. This platform allows for a decentralized asset exchange that is very much alike to New York Stock Exchange, but this time, it is for cryptocurrencies and it is devoid of the need to put any trust in a central authority to oversee the handling of funds. This decentralized asset exchange improves trading by making use of computers that are internationally networked.
Pros
- Bitshares able to process 100,000 transactions per second (tps) and it can do even better with minimal optimization. In comparison, VISA handles 2,000 tps averagely with a maximum capacity of 24,000 tps.
Cons
- BitShares’ value is still volatile and it will likely continue to be that way until the market finds and comes to terms with a fixed inherent value.
