Review on BitShares by Vo Thu

Name: BitShares
Item: BitShares
Rating: 4

September 15, 2018

This cryptocurrency is derived using DPOS. As per the derivative of the proof…

This cryptocurrency is derived using DPOS. As per the derivative of the proof of stake algorithm, the power rests in the hand of stakeholders making the consensus mechanism purely decentralized. Because of this, a lot of problems are solved. First off, the miners will have to stay neutral when it comes to mining; if, ever, they hold back the development, then the stakeholders will simply elect a new witness or miner and the old ones will never get paid for creating new blocks.
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Pros

This digital currency is best represented by its own respective blockchain platform having great fintech and exchange capabilities. So the transactions that happen with a BTS coin can be flexible, fast, efficient, and scalable. Now, here are some problems that BTS is successfully solving. Once the investors buy BitShares, they will be able active on BitShares DEX. There are multiple market-pegged assets that can be bought using BTS coins. Now, here is the process of buying this digital currency.

Cons

Although BitShares creatively invented bitUSD, it achieved a fast transfer speed (Just a few seconds), but strictly speaking, it is not a qualified product: Bug is constantly, system resources are occupied, and a bad user experience makes the community complain.