Review on BitShares by Fanuel PORPORTY
Bitshares is a decentralized asset and value exchange protocol.
BitShares is a decentralized trading platform for trading cryptocurrency without leaving the blockchain.
Without a trusted third party, fast and capable of evolving with use, BitShares is a decentralized exchange platform aiming to shake up habits; the way we currently buy and sell cryptocurrencies. In addition to forcing users to convert to fiat currencieshsteSto stabilize their investments, BitShares has created a blockchain-based trading platform.
The traditional way to buy and sell cryptocurrencies on a platform is to convert your fiat coins. This means that every time you want to buy or sell cryptocurrency, you lose the anonymity inherent in the cryptocurrency and blockchain platform. While centralization is understandable, there is also the need for a more decentralized and anonymous system, and this that's where BitShares comes in.
The BitShares blockchain platform allows users to convert their cryptocurrencies to stable assets by converting these coins to another cryptocurrency whose value is tied to a real asset
Pros
- On Bitshares, operations are carried out instantly and it is possible to carry out a large number of simultaneous transactions.
- Its decentralized exchange is integrated into its portfolio with no single point of failure.
- Users can create their own SmartCoins that are tied to real-world assets.
- It enables subscription and recurring payments.
- It can process 100,000 transaction per second.
Cons
- It lacks good marketing, and as a result, fails to inform the public of its activity or existence.
