Header banner
Revain logoHome Page

Reviews

Global ratings 147
  • 5
    33
  • 4
    101
  • 3
    11
  • 2
    2
  • 1
    0

Type of review

Revainrating 4 out of 5

By having the trades executed on the BitShares network, Bitshare also…

By having the trades executed on the BitShares network, Bitshare also eliminate high-frequency trading and front running. High frequency trading and front running depend upon centralized exchanges with high volume and deep markets. When the vast majority of trading activity moves to a decentralized, trust-free exchange, the remaining centralized exchanges become much less appealing to high-frequency traders.

Pros
  • BitShares is designed from the ground up to process more transactions every second than VISA and MasterCard combined. With Delegated Proof of Stake, the BitShares network can confirm transactions in an average of just 1 second, limited only by the speed of light.
Cons
  • I do not see real value from the platform.

Revainrating 4 out of 5

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

Revainrating 4 out of 5

Many gateways prefer the low-risk approach of one-for-one redemption and will…

Many gateways prefer the low-risk approach of one-for-one redemption and will simply allow the GatewayUSD to float against BitUSD with a small but variable spread in the market. Users then pay a small variable conversion cost as they exit from BitUSD to fiat USD through GatewayUSD. On the other hand, many users will want a direct conversion from BitUSD to fiat USD. In this mode of operation, the gateway takes care of providing all of the liquidity within a fixed percentage transaction fee. The…

Pros
  • Keep everything in memory. Keep the core business logic in a single thread. Keep cryptographic operations (hashes and signatures) out of the core business logic. Divide validation into state-dependent and state-independent checks. Use an object oriented data model. By following these simple rules, BitShares is able to process 100,000 transactions per second without any significant effort devoted to optimization. Future optimizations are expected to bring the performance of BitShares to levels similar to LMAX.
Cons
  • No company has successfully implemented the platform.

Revainrating 5 out of 5

Designing a high-performance blockchain isn’t rocket-science, and doesn’t…

Designing a high-performance blockchain isn’t rocket-science, and doesn’t require complex, hard-to-understand protocols, nor does it require dividing processing among all the nodes on the network. Instead, all that is necessary to build a high-performance blockchain is to remove all calculations that are not part of the critical, order-dependent, evaluation from the core business logic, and to design a protocol that facilitates these kinds of optimizations. This is what BitShares has done.

Pros
  • BitShares designs permissions around people, rather than around cryptography, making it easy to use. Every account can be controlled by any weighted combination of other accounts and private keys. This creates a hierarchical structure that reflects how permissions are organized in real life, and makes multi-user control over funds easier than ever. Multi-user control is the single biggest contributor to security, and, when used properly, it can virtually eliminate the risk of theft due to hacking.
Cons
  • Sluggish web app.

Revainrating 4 out of 5

Centralization Compromises Privacy In order to have even the slightest bit of…

Centralization Compromises Privacy In order to have even the slightest bit of privacy, the exchange functionality needs to be divided among hundreds of parties who are unlikely to collude to compromise identity. This is not economically practical today, because the exchange order book creates market incentives that naturally tend toward centralization in just a few exchanges with the vast majority of market share.

Pros
  • At just a few cents per trade*, BitShares is one of the cheapest exchanges around. Other exchanges charge a percentage of your transaction volume. For a $1000 trade on BitStamp you will pay $5 vs less than $0.01 (Jan 2015) to make the same trade on the BitShares exchange. The more traditional exchanges like E-Trade or Scottrade charge over $5 per trade. Taking these price comparisons into consideration, clearly it doesn’t get any cheaper than BitShares.
Cons
  • The bitshare community is not big.

Revainrating 5 out of 5

The BitShares Referral Program is designed to promote infrastructure…

The BitShares Referral Program is designed to promote infrastructure development. Decentralized financial networks depend upon their business partners to build an ecosystem of businesses, such as exchanges, merchant services, hosted wallets, lightweight wallets, and block explorers. With the BitShares referral program, merchants can now earn more by advertising their support for the BitShares platform. While other platforms primarily promise lower fees, BitShares offers merchants an ongoing…

Pros
  • BitShares is the first smart contract platform with built-in support for recurring payments and subscription payments. This feature allows users to authorize third parties to make withdrawals from their accounts within certain limits. This is a convenient way to “set it and forget it” for monthly bills and subscriptions.
Cons
  • Most major altcoins not supported.

Revainrating 4 out of 5

Companies can issue their own stock on the BitShares network and allow easy…

Companies can issue their own stock on the BitShares network and allow easy, low-cost trading with complete protection against naked shorting.

Pros
  • By always maintaining reserves, you can rest assured that BitShares is solvent in almost any market. All of the reserves are kept as BTS held on the blockchain, and they cannot be stolen, because there are no private keys that can be compromised to steal the reserves.
Cons
  • I do not see any defects.

Revainrating 4 out of 5

To ensure the cost of customer acquisition is sustainable, the BitShares…

To ensure the cost of customer acquisition is sustainable, the BitShares referral system is designed to always pay out a percentage of actual profits. BitShares allows the users to draw their own conclusions about the Life Time Value (LTV) of each customer they refer, after educating them about the LTV of customers for similar businesses. Bitshare believe that the BitShares network can offer each referrer an average value of $80 per member they sign up, or $40 if they go through an affiliate…

Pros
  • BitShares has an advanced referral program built directly into its software. Financial networks derive their value primarily from their network effect: more people on the same network increases the value of that network for everyone. BitShares capitalizes on this by rewarding those who sign up new users, and does so in a fully transparent and automated way.
Cons
  • Limited liquidity

Revainrating 4 out of 5

One of the primary problems being solved by Bitshares is the risk that is…

One of the primary problems being solved by Bitshares is the risk that is inherent in centralized exchanges. That doesn’t just mean traditional exchanges, but also the centralized cryptocurrency exchanges, which have proven to be unsecure as seen by the famous Mt. Gox hack and the more recent Coincheck hack. Bitshares seeks to eliminate the potential for loss through hacking by decentralizing, making it very difficult to compromise the exchange since the data is not being stored in one central…

Pros
  • The usecase of this blockchain technology is very unique and easily looked at by various firms. After the recent hacks on centralized exchanges, I feel there should be a need to look out to decentralized security on these centralized exchanges
Cons
  • Decentralized exchanges have failed for the time being and trying to implement some of these features on centralized exchanges, to me, would look non useful. Even though centralized exchanges need more security, I feel bitshares wont help solve that fully.

Revainrating 5 out of 5

overall they are very good, BTS has become a preferred platform for many people…

overall they are very good, BTS has become a preferred platform for many people, with current technology they can complete your second order sending it. With this kind of performance in a decentralized exchange,

Pros
  • BitShares provides a high-performance decentralized exchange, with all the features you expect in a trading platform. This can handle high trading volumes,
Cons
  • in my opinion their costs are very expensive.

Revainrating 5 out of 5

for me they can be converted anytime at an exchange rate determined by a…

for me they can be converted anytime at an exchange rate determined by a reliable price feed. In all the most extreme market conditions, SmartCoins are guaranteed to be valued at least in nominal value, SmartCoins can be exchanged, can be shared, and free of any restrictions. I am very happy with BTS.

Pros
  • BTS uses smartcoin technology, smartcoin is a cryptocurrency whose value is pegged to other assets, such as US dollars or gold. SmartCoins always have 100% or more of their value that is supported by BitShares core currencies, they are very experienced in their fields.
Cons
  • Their currency is relatively expensive because they use maximum technology.

Revainrating 4 out of 5

BitShares allows individuals and companies to issue their own tokens for…

BitShares allows individuals and companies to issue their own tokens for anything they can imagine. Common use cases include: Deposit Receipts 1. Know Your Customer 2. Asset Seizing 3. Market Restriction 4. Transfer Restrictions Company Shares Event Tickets Rewards Points Individual or Corporate Debt Crowd Funding Digital Property Privatized SmartCoins (Stable Cryptocurrencies) Information/Prediction Markets How to Profit by Issuing an Asset Fee Pools

Pros
  • BitShares is built for viral growth, and has game-changing, industry-leading incentives.
Cons
  • Cannot deposit fiat currency.

Revainrating 4 out of 5

You can trade any amount, at any time, from anywhere, without withdrawal limits…

You can trade any amount, at any time, from anywhere, without withdrawal limits. All other legally compliant exchanges have daily withdrawal limits. Those who wish to exceed standard limits must provide increasingly invasive levels of documentation. Some exchanges, such as Coinbase, even limit what you can do with your money after you have withdrawn it. Other exchanges demand documentation of how you earned your cryptocurrency. With BitShares, no one must approve your account. You have complete

Pros
  • Decentralization gives BitShares robustness against failure. When a centralized exchange is compromised, millions of dollars and thousands of users are impacted all at once. In a decentralized system, any attack or failure impacts only a single user and their funds. Users are in control of their own security, which can be much better than any centralized entity. There is a fixed cost associated with attempting to hack an exchange or an individual user. The difference is the size of the reward. If you place a multi-million dollar bounty on attacking a specific exchange, then you can expect a lot more effort to be put into compromising that exchange than would be put into attacking your individual account. Within a given company, multiple people usually have access to customer funds. You may have heard the expression, “Three can keep a secret if two are dead”. Currently, all centralized exchanges end up depending upon multiple people who share the responsibility of guarding the secret key that controls the funds. If any one of them is compromised, everyone’s funds are put at risk. Because of this, being individually responsible for maintaining your own secrets is the only safe option.
Cons
  • When you are going to trade with commodities like gold, silver or even the fiat currency, you gotta give in exchange something with at least similar rate of value-fluctuaction, which cryptos are not.

Revainrating 4 out of 5

The potential use cases for user-issued assets are innumerable, and the…

The potential use cases for user-issued assets are innumerable, and the regulations that apply to each kind of token vary widely, and are often different in every jurisdiction. BitShares provides the tools to allow issuers to remain compliant with all applicable regulations when issuing assets.

Pros
  • The BitShares platform provides a feature known as "user-issued assets" to help facilitate profitable business models for certain types of services. The term refers to a type of custom token registered on the platform, which users can hold and trade within certain restrictions. The creator of such an asset publically names, describes, and distributes its tokens, and can specify customized requirements, such as an approved whitelist of accounts permitted to hold the tokens, or the associated trading and transfer fees.
Cons
  • Requires use of another service to deposit/withdraw funds.

Revainrating 4 out of 5

BITSHARES (BTS) with a current value of $ 0.109199 USD Mainly I find many…

BITSHARES (BTS) with a current value of $ 0.109199 USD Mainly I find many good points: -Decentralized exchange of assets -Smart Coins stable price cryptocurrency -Recurring and scheduled payments -reward program by recommendation The BitShares platform is managed and maintained by the BitShares community, an open consortium of individuals and organizations committed to providing universal access to the power of smart contracts. located in the top 40 of the most important cryptocurrencies…

Pros
  • It offers a stack of financial services that include exchange and banking in a chain of blocks.
Cons
  • Big supply

Revainrating 4 out of 5

Every Dollar, Euro, bitcoin and ounce of gold held as a SmartCoin on the…

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.

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.

Revainrating 4 out of 5

BitShares is designed to be self funding and self-sustaining by giving the…

BitShares is designed to be self funding and self-sustaining by giving the stakeholders the power to direct where blockchain reserves are spent. BitShares has a reserve pool of 1.2 billion BTS (about $8 million dollars) that automatically grows as transaction fees are collected and the share price rises. Each day, the blockchain is authorized to spend up to 432,000 BTS (about $77,000 per month), which is enough to hire a small team to maintain the network for years, even with no price…

Pros
  • Refund Workers Refund workers are a special worker type that return their pay to the reserve pool. These workers can be elected to prevent spending on other workers, which saves more funds in the reserve pool for future projects.
Cons
  • Slow response of support when experiencing problems.

Revainrating 5 out of 5

by working together, this community has designed and developed the BitShares…

by working together, this community has designed and developed the BitShares platform to include a variety of innovative features not found elsewhere in the smart contract industry, a technology that deserves consideration.

Pros
  • The BitShares platform itself is run and managed by the BitShares community - a consortium of open individuals and organizations committed to providing universal access to the power of smart contracts. their team is very solid and good.
Cons
  • They don't have a large customer at this time.

Revainrating 3 out of 5

When you hold BitUSD the value of your holdings will remain pegged to the…

When you hold BitUSD the value of your holdings will remain pegged to the dollar so long as BitShares itself has reasonable volatility. Reasonable volatility in this case means that it can handle greater volatility than Bitcoin has ever seen in its lifetime. The price of BitShares would have to fall to less than 1/3 its starting price in less than 24 hours and then stay there. No legitimate, widely adopted cryptocurrency has ever seen that kind of price movement. This means that BitUSD is…

Pros
  • Refund Workers Refund workers are a special worker type that return their pay to the reserve pool. These workers can be elected to prevent spending on other workers, which saves more funds in the reserve pool for future projects.
Cons
  • that the performance achieved by BitShares is highly dependent upon having a compatible transaction protocol. It would not be possible to achieve the same level of performance in a protocol where the Core Business Logic is run in a virtual machine that performs cryptographic operations and references all objects with hash identifiers.

Revainrating 4 out of 5

With BitShares your trades execute in seconds, just like any centralized…

With BitShares your trades execute in seconds, just like any centralized website interface. Unlike centralized exchanges, there can be no high-frequency trading, front running, or hidden orders. This puts all traders on a level playing field.

Pros
  • SmartCoins are a powerful tool for everyone from speculators and savers, to traders and entrepreneurs. The BitShares platform provides a toolset with which innovators can experiment to find optimal currency solutions using free market discovery.
Cons
  • that the performance achieved by BitShares is highly dependent upon having a compatible transaction protocol. It would not be possible to achieve the same level of performance in a protocol where the Core Business Logic is run in a virtual machine that performs cryptographic operations and references all objects with hash identifiers.