1 Level
6 Review
1 Karma
Review on BitShares by Thomas Son
Every Dollar, Euro, bitcoin and ounce of gold held as a SmartCoin on theβ¦
Every Dollar, Euro, bitcoin and ounce of gold held as a SmartCoin on the BitShares exchange is backed by up to twice the reserves of traditional centralized exchanges. The traditional banking system has long practiced what I like to call fictional reserve banking, more commonly known as fractional reserve banking.
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Pros
- BitShares provides a high-performance decentralized exchange, with all the features you would expect in a trading platform. It can handle the trading volume of the NASDAQ, while settling orders the second you submit them.
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.
