Review on BitShares by Daniel Bamidele
Bitshares: A decentralized blockchain- platform.
Bitshares is a decentralized blockchain- based platform that is for fighting the crypto volatility problem. Bitshares is also based with the fact that it's helps to facilitate assets exchange and enables user to turn our society and world at Large into Digital ones. The platform provides an outstanding level of stability, scability and liquidity of assets. Bitshares gives users an opportunity to create their own customized token
Bitshares brings alot to the society and world for idea from a decentralized autonomous company. Thanks to the decentralized nature of bitshares there is no central point of failure. The decentralization also removes the counterparty risk that occurs when exchange are included
Bitshares (BTS) was launched back in July 2014, as one of the first decentralized crypto-currency exchange platform. It also serves as an open source finicial platform for better transaction rate. Bitshares blockchain help me to produce stable digital assets. The platform earns revenues or profit from transaction fees. One of the primary problem being able to solve by bitshares is the risk that is inherent in centralized
One of the key ideas behind bitshares that I know and have experienced it's that is available to anyone, anywhere, regardless of the location. With this improvement, bitshares allows for trading of almost anything including Gold, silver, gas, oil and national currencies
Conclusion, the concept of bitshares was first thought up by Daniel Lamier. Bitshares has helped alot and it seeks to remove much of the risk involved with centralized exchange. Hence, we need to consider all the aspect and realise that bitshares is really beneficial and has helped alot in the society
Pros
- No trading limits
- Low transaction fees
- Security and transparency
- Stability and liquidity
Cons
- Poor marketing strategy
- No roadmap
- No user friendly website.
