1 Level
6 Review
3 Karma
Review on BitShares by Phuong Hoang
Roles of an Exchange The roles that traditional exchanges perform today…
Roles of an Exchange
The roles that traditional exchanges perform today encompass:
Receiving cryptocurrency and issuing IOUs.
Receiving fiat and issuing IOUs.
Processing an order book.
Redeeming IOUs.
Pros
- Trade in Gold, Silver, Gas, and Oil in addition to your national currency and cryptocurrencies. Few limits exists on what can be traded on the BitShares exchange, given enough interest. The BitShares exchange can support assets that can track stocks, bonds, indexes, or inflation.
Cons
- The activity of community is not much. The majority of participants are interested in pricing rather than the underlying
