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Review on BitShares by Anh Chuong
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
- 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
- I do not see real value from the platform.
