Review on BitShares by Özgün A
Fiber speed
Bitshares aims to give its users financial freedom.
Bitshares actually acts as a platform beyond being a cryptocurrency. It acts in real time and is open source.
Everyone can create their own cryptocurrency on the Bitshares platform. Let's open this subject a little .. So let's assume that you have Ethereum. You can give this Ethereum any name you want on Bitshares. So you have your own Ethereum on Bitshares. You can use this Ethereum in various organizations.
But the names you will create must have a dot open extension. Because it is a company called OpenLedger that created this system.
The system is logically very safe. Because the transactions take place on the blockchain, it does not allow scams made on the market that appears in central systems. It also means transparency. It prevents even the smallest illegal transactions.
The mutual validation time of blocks in Bitshares is only 2.7 seconds. This is an incredible speed.
Pros
- Can make 100 thousand transactions per second
- Bitshares allows you to make currency transactions
- You can name your assets with special codes on the system.
- There are process controls thanks to the hierarchical structure
Cons
- A forgotten system
