1 Level
14 Review
4 Karma
Review on BitShares by Gulak Adebayo
Bitshares (BTS) was launched in July 2014 as one of the first distributed…
Bitshares (BTS) was launched in July 2014 as one of the first distributed encrypted password exchanges. Dan Larimer, co-founder of Steemit and EOS and now CTO of EOS, has launched Bitshares (BTS). Larimer is trying to build Bitshares because he believes that the evidence of workforce depletion is flawed due to network concentration. To solve this problem, he proposed a new consensus algorithm called bitshares concept and delegated proof of participation (DPoS). Although this consensus algorithm is less efficient, Bitshares offers faster network speed and flexibility.
Pros
- A striking feature of Bitshares is its scalability and transaction processing capabilities. Bitshares is based on an open source block chain implementation known as graphene, which acts as a consensus mechanism. Another project that uses graphene is Steemit, which claims to be capable of handling 100,000 transactions per second.
Cons
- There project has little adoption rate in the Dex market.Dex like Etherdelta,forkdelta,idex, Switch eo beats it hand's down in daily volume.. Bitshares Dex sees just 7 million dollars daily transactions per day which is low compared to the rest
