1 Level
6 Review
13 Karma
Review on BitShares by Mot Phut
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 revenue stream.
Free market competition results in many different hosted wallet providers competing to acquire new users. Each of these providers has a financial incentive to advertise their wallets by traditional means, which in turn increases the network effect for the BitShares ecosystem.
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
- Sluggish web app.
