1 Level
15 Review
22 Karma
Review on BitShares by Tiger Lee
Bitshares is actually a Decentralized "Meta" Exchange. Many exchanges can be…
Bitshares is actually a Decentralized "Meta" Exchange. Many exchanges can be connected to bitshares...and the orders are all matched on the blockchain so people can't manipulate it. With BitShares, you can take short positions, issue bonds, get your options (BitUSD, BitGold, BitSilver, BitOil etc.) and do whatever you should be able to do on the true cryptocurrency market
Pros
- BitShares handles more transaction volume than Ethereum and Bitcoin combined, it works. It’s not Golem, MaidSafe or any other project with accomplished website and manifesto. You can buy BTS, go to their exchange and trade, on the Bitshares DEX you trade autonomous derivatives that use free market dynamics combined with price feeds to track the value of their real-life counterparts.
Cons
- Waves is way better funded, has more momentum and way better PR than BitShares. Their DEX even if it isn't as good, looks better. So people will naturally go there becasue user experience matters. When you are going to trade with commodities like gold, silver or even the fiat currency, you gotta give in exchange something with at least similar rate of value-fluctuaction, which cryptos are not.
