Review on BitShares by Raihan Sarker

Name: BitShares
Item: BitShares
Rating: 4

September 14, 2018

Bitshares is the living examples of an amazing collaboration between the…

Bitshares is the living examples of an amazing collaboration between the traditional trading platform and the Blockchain Technology. It is nothing but a trading platform used, just like any other traditional platform but incorporates the amazing capabilities, like decentralization and security through Consensus mechanism of the Blockchain Technology. Hence, users can stick on with their traditional trading paradigms along with the advantages of the Blockchain Technology too.
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Coinnounce
Coinnounce
#BITSHARESWhat is Bitshares? Bitshares Review.Published 2 months ago on July 18, 2018 By Coinnounce - Coin Announcements Bitshares is nothing but a trading platform used, just like any other traditional platform but incorporates the amazing capabilities,.
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Deciphering the working of Bitshares.
Introduction
Bitshares is the living examples of an amazing collaboration between the traditional trading platform and the Blockchain Technology. It is nothing but a trading platform used, just like any other traditional platform but incorporates the amazing capabilities, like decentralization and security through Consensus mechanism of the Blockchain Technology. Hence, users can stick on with their traditional trading paradigms along with the advantages of the Blockchain Technology too.
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Developed by the visionary and an amazing computer scientist, Dan Larimer who is also the creator of EOS along with STEEM, the Blockchain seems to have a lot of potential in the real world.
The cryptocurrencies aim to solve the key problems of the current financial systems such as speed, privacy, cost, etc but Bitshares is an initiative whose goal is to solve all the problems by integrating the best technologies. A venture which touches many fields of problems is undoubtedly to be very complex but if one needs to explain it at a very basic level then Bitshares is nothing but a collection of tokens which represent various financial assets and the exchange on which those tokens can be used to trade upon.
Coinnounce
Coinnounce
#BITSHARESWhat is Bitshares? Bitshares Review.Published 2 months ago on July 18, 2018 By Coinnounce - Coin Announcements Bitshares is nothing but a trading platform used, just like any other traditional platform but incorporates the amazing capabilities,.
SHARE TWEET
Deciphering the working of Bitshares.
Introduction
Bitshares is the living examples of an amazing collaboration between the traditional trading platform and the Blockchain Technology. It is nothing but a trading platform used, just like any other traditional platform but incorporates the amazing capabilities, like decentralization and security through Consensus mechanism of the Blockchain Technology. Hence, users can stick on with their traditional trading paradigms along with the advantages of the Blockchain Technology too.
﻿
 
﻿
Developed by the visionary and an amazing computer scientist, Dan Larimer who is also the creator of EOS along with STEEM, the Blockchain seems to have a lot of potential in the real world.
The cryptocurrencies aim to solve the key problems of the current financial systems such as speed, privacy, cost, etc but Bitshares is an initiative whose goal is to solve all the problems by integrating the best technologies. A venture which touches many fields of problems is undoubtedly to be very complex but if one needs to explain it at a very basic level then Bitshares is nothing but a collection of tokens which represent various financial assets and the exchange on which those tokens can be used to trade upon.
Its lightning-fast capabilities have made it one the most popular mechanisms the cryptocurrency field has ever come across. According to some theoretical reports the network is capable of handling 100,000 transactions per second which are higher than the amount of volume that can be handled by Visa and MasterCard networks put together. In this particular mechanism, a block is created every 3 seconds which is the faster than Ethereum’s 15 seconds, Litecoin’s 2.5 minutes, and ultimately Bitcoin’s 10 minutes.
Bitshares is nothing but a smart contract network where tokens may be exchanged for BTS which can intern be exchanged for bitAssets, smart coin related to real-world assets like gold, silver, shares, etc.
The Blockchain network follows a Delegated Proof Of Stake consensus mechanism. In simple words, a total of 101  computers all around the world, control the whole network. As new users are added on to the network they can vote for a reliable and preferred node to run the network.
The Bitshares coin can be purchased from various sources, but Coinbase is the most preferred option. One can deposit their Fiat currencies into the Coinbase account. Later on, these funds can be used to buy Bitcoin or Ethereum, which can intern be traded for the Bitshares coin respectively.
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