1 Level
6 Review
0 Karma
Review on BitShares by Hoang Minh
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 appreciation.
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.
