Review on BitShares by Yinka Yemisi
Bitshares a good platform that one can trade with
From my point of view, bitshares cryptocurrency exchange is viable. In the sense that it is easy to use, easy access and it also offer traditional exchange functionalities such as margin training and some others.
Another feature that makes this site good Is that, it is free from counterparty risk, it loan can only be granted on collateral. Bitshares is allows to secure collateral and perform settlement.
There is also a sense of belongings where all committee members can collectively adjust the fee plan to transact, to make sure it remains at low level as the price of BTS increase.
on bitshares platform various of crypto instrument can also be traded such as silver, oil, gold as well as other crypto based derivative such as bonds and stock, this can be traded again rack other like bitusd to NYC and silver to gold.
Pros
- It gives lifetime time membership, it means once you are a registered member, a membership subscription will be issue for you
- It also have a referral program for members that is on one level deep, this allow members to receive reduction in fee and a certain percentage of the fee that those people they referred are paid
- It's network is very fast and easy to use
Cons
- Bitshares are not popular
- It has once be hacked
- The process is cumbersome for most users
New products
Comments (1)
May 25, 2020
BitShares is a proof-of-stake (PoS) currency, which means that blocks on the BitShares blockchain are not mined using hashing algorithms like Bitcoin. Rather, coins are earned by "staking" existing coins on the network or by running a master node
