Review on BitShares by Authes max

Name: BitShares
Item: BitShares
Rating: 4

September 14, 2018

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 Some exchanges, such as Coinbase, even limit what you can do with your money after you have withdrawn it.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 financial freedom.
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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.