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Revainrating 5 out of 5

Another amazing feature of Bitshares is is scalability and ability to process…

Another amazing feature of Bitshares is is scalability and ability to process transactions. Bitshares is based on an open-source blockchain implementation known as Graphene which acts as a consensus mechanism. Other projects using Graphene include Steemit, and it is claimed to be able to handle 100,000 transactions per second. That’s more than Visa and Mastercard handle, combined. BitShares Exchange has free & open registrations. BitShares Exchange has also desktop App available. BitShares desi

Pros
  • In addition to the added security, you’ll find that some of the volatility is removed from cryptocurrency exchange when you’re using Bitshares. This is because the exchange uses something they call SmartCoins as a stable coin. This use shows one of the main differences of Bitshares when compared with many other cryptocurrencies. 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.
Cons
  • Bitshares could be a leader in decentralized exchanges, but someone will need to lead that charge forward, and with creator Dan Larimer having moved on to the EOS project, there’s no telling who that might be. One of the primary problems being solved by Bitshares is the risk that is inherent in centralized exchanges.

Revainrating 4 out of 5

Anything can be used for money in the right circumstances. Gold, silver, stone…

Anything can be used for money in the right circumstances. Gold, silver, stone, paper, debt and cigarettes were used as money. The rich and often used paper stocks in the form of money. In the case of BitShares there are many different assets that can be used as money, including BTS, BitDefender, BitGold and BitSilver. All assets are property that can be replaced, disassembled, transported and can not be tampered with.

Pros
  • On the Bitshares DEX you trade autonomous derivatives that use free market dynamics combined with price feeds to track the value of their real-life counterparts. Bitshares is actually a Decentralized "Meta" Exchange. Many exchanges can be connected to bitshares...and the orders are all matched on the blockchain so people can't manipulate it With BitShares, you can take short positions, issue bonds, get your options (BitUSD, BitGold, BitSilver, BitOil etc.) and do whatever you should be able to do on the true cryptocurrency market
Cons
  • When you are going to trade with commodities like gold, silver or even the fiat currency, you gotta give in exchange something with at least similar rate of value-fluctuaction, which cryptos are not. Waves is way better funded, has more momentum and way better PR than BitShares. Their DEX even if it isn't as good, looks better. So people will naturally go there becasue user experience matters

Revainrating 5 out of 5

Launched in the summer of 2014, BitShares is a decentralized exchange that…

Launched in the summer of 2014, BitShares is a decentralized exchange that looks to remove the risk associated with centralized platforms. Daniel Larmier, CTO of Steemit, was the first to pitch the idea of the BitShares decentralized exchange. Note that the information below should not be thought of as an endorsement and always do your own research about a trading platform so as your own decision is an informed one.

Pros
  • BitShares is an blockchain-based open source decentralized crypto exchange with main BTS (Bitshares Coin) as the main trading pair on the DEX. All cryptocurrencies not-native to BitShares platform are considered as derivates or "smart coins" and deposits / withdrawals are going through centralized gateways. BitShares Exchange has free & open registrations. BitShares Exchange has also desktop App available.
Cons
  • First of all you need to look at design – it‘s is user friendly ? Well it is not so bad, but it could be better. When it comes to volume of trades on their exchange, it could be also better. But to be honest I invested a lot of money into BTS, so in other words I really believe in this project, it will become huge in upcoming months. Just wait, this will be big !!

Revainrating 4 out of 5

To ensure the cost of customer acquisition is sustainable, the BitShares…

To ensure the cost of customer acquisition is sustainable, the BitShares referral system is designed to always pay out a percentage of actual profits. BitShares allows the users to draw their own conclusions about the Life Time Value (LTV) of each customer they refer, after educating them about the LTV of customers for similar businesses. Bitshare believe that the BitShares network can offer each referrer an average value of $80 per member they sign up, or $40 if they go through an affiliate…

Pros
  • BitShares designs permissions around people, rather than around cryptography, making it easy to use. Every account can be controlled by any weighted combination of other accounts and private keys. This creates a hierarchical structure that reflects how permissions are organized in real life, and makes multi-user control over funds easier than ever. Multi-user control is the single biggest contributor to security, and, when used properly, it can virtually eliminate the risk of theft due to hacking.
Cons
  • Most major altcoins not supported.

Revainrating 4 out of 5

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.

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.

Revainrating 4 out of 5

Every Dollar, Euro, bitcoin and ounce of gold held as a SmartCoin on the…

Every Dollar, Euro, bitcoin and ounce of gold held as a SmartCoin on the BitShares exchange is backed by up to twice the reserves of traditional centralized exchanges. The traditional banking system has long practiced what I like to call fictional reserve banking, more commonly known as fractional reserve banking.

Pros
  • The heart of BitShares is the SmartCoin system which enables the creation of 200% collateralized IOUs from the BitShares network. A BitUSD has all of the properties of Bitcoin combined with the price stability of the US dollar. At any point in time you can sell a BitUSD for at least 1 dollar worth of BTS. If at any time the value of the collateral falls below a certain point the blockchain will automatically buy back the BitUSD with a dollars worth of BTS.
Cons
  • Requires use of another service to deposit/withdraw funds.

Revainrating 4 out of 5

To ensure the cost of customer acquisition is sustainable, the BitShares…

To ensure the cost of customer acquisition is sustainable, the BitShares referral system is designed to always pay out a percentage of actual profits. BitShares allows the users to draw their own conclusions about the Life Time Value (LTV) of each customer they refer, after educating them about the LTV of customers for similar businesses. Bitshare believe that the BitShares network can offer each referrer an average value of $80 per member they sign up, or $40 if they go through an affiliate…

Pros
  • BitShares designs permissions around people, rather than around cryptography, making it easy to use. Every account can be controlled by any weighted combination of other accounts and private keys. This creates a hierarchical structure that reflects how permissions are organized in real life, and makes multi-user control over funds easier than ever. Multi-user control is the single biggest contributor to security, and, when used properly, it can virtually eliminate the risk of theft due to hacking.
Cons
  • Most major altcoins not supported.

Revainrating 4 out of 5

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…

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.

Revainrating 4 out of 5

The potential use cases for user-issued assets are innumerable, and the…

The potential use cases for user-issued assets are innumerable, and the regulations that apply to each kind of token vary widely, and are often different in every jurisdiction. BitShares provides the tools to allow issuers to remain compliant with all applicable regulations when issuing assets.

Pros
  • BitShares provides a high-performance decentralized exchange, with all the features you would expect in a trading platform. It can handle the trading volume of the NASDAQ, while settling orders the second you submit them.
Cons
  • No company has successfully implemented the platform.

Revainrating 4 out of 5

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…

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.

Revainrating 4 out of 5

BitShares allows individuals and companies to issue their own tokens for…

BitShares allows individuals and companies to issue their own tokens for anything they can imagine. Common use cases include: Deposit Receipts 1. Know Your Customer

Pros
  • Decentralization gives BitShares robustness against failure. When a centralized exchange is compromised, millions of dollars and thousands of users are impacted all at once. In a decentralized system, any attack or failure impacts only a single user and their funds. Users are in control of their own security, which can be much better than any centralized entity. There is a fixed cost associated with attempting to hack an exchange or an individual user. The difference is the size of the reward. If you place a multi-million dollar bounty on attacking a specific exchange, then you can expect a lot more effort to be put into compromising that exchange than would be put into attacking your individual account. Within a given company, multiple people usually have access to customer funds. You may have heard the expression, “Three can keep a secret if two are dead”. Currently, all centralized exchanges end up depending upon multiple people who share the responsibility of guarding the secret key that controls the funds. If any one of them is compromised, everyone’s funds are put at risk. Because of this, being individually responsible for maintaining your own secrets is the only safe option.
Cons
  • Sluggish web app.

Revainrating 4 out of 5

Designing a high-performance blockchain isn’t rocket-science, and doesn’t…

Designing a high-performance blockchain isn’t rocket-science, and doesn’t require complex, hard-to-understand protocols, nor does it require dividing processing among all the nodes on the network. Instead, all that is necessary to build a high-performance blockchain is to remove all calculations that are not part of the critical, order-dependent, evaluation from the core business logic, and to design a protocol that facilitates these kinds of optimizations. This is what BitShares has done.

Pros
  • BitShares is designed from the ground up to process more transactions every second than VISA and MasterCard combined. With Delegated Proof of Stake, the BitShares network can confirm transactions in an average of just 1 second, limited only by the speed of light.
Cons
  • No company has successfully implemented the platform.

Revainrating 4 out of 5

To ensure the cost of customer acquisition is sustainable, the BitShares…

To ensure the cost of customer acquisition is sustainable, the BitShares referral system is designed to always pay out a percentage of actual profits. BitShares allows the users to draw their own conclusions about the Life Time Value (LTV) of each customer they refer, after educating them about the LTV of customers for similar businesses. Bitshare believe that the BitShares network can offer each referrer an average value of $80 per member they sign up, or $40 if they go through an affiliate…

Pros
  • By always maintaining reserves, you can rest assured that BitShares is solvent in almost any market. All of the reserves are kept as BTS held on the blockchain, and they cannot be stolen, because there are no private keys that can be compromised to steal the reserves.
Cons
  • Most major altcoins not supported.

Revainrating 4 out of 5

Many gateways prefer the low-risk approach of one-for-one redemption and will…

Many gateways prefer the low-risk approach of one-for-one redemption and will simply allow the GatewayUSD to float against BitUSD with a small but variable spread in the market. Users then pay a small variable conversion cost as they exit from BitUSD to fiat USD through GatewayUSD. On the other hand, many users will want a direct conversion from BitUSD to fiat USD. In this mode of operation, the gateway takes care of providing all of the liquidity within a fixed percentage transaction fee. The…

Pros
  • The heart of BitShares is the SmartCoin system which enables the creation of 200% collateralized IOUs from the BitShares network. A BitUSD has all of the properties of Bitcoin combined with the price stability of the US dollar. At any point in time you can sell a BitUSD for at least 1 dollar worth of BTS. If at any time the value of the collateral falls below a certain point the blockchain will automatically buy back the BitUSD with a dollars worth of BTS.
Cons
  • I do not see real value from the platform.

Revainrating 5 out of 5

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…

Pros
  • At just a few cents per trade*, BitShares is one of the cheapest exchanges around. Other exchanges charge a percentage of your transaction volume. For a $1000 trade on BitStamp you will pay $5 vs less than $0.01 (Jan 2015) to make the same trade on the BitShares exchange. The more traditional exchanges like E-Trade or Scottrade charge over $5 per trade. Taking these price comparisons into consideration, clearly it doesn’t get any cheaper than BitShares.
Cons
  • Limited liquidity.

Revainrating 4 out of 5

By having the trades executed on the BitShares network, Bitshare also…

By having the trades executed on the BitShares network, Bitshare also eliminate high-frequency trading and front running. High frequency trading and front running depend upon centralized exchanges with high volume and deep markets. When the vast majority of trading activity moves to a decentralized, trust-free exchange, the remaining centralized exchanges become much less appealing to high-frequency traders.

Pros
  • Trade in Gold, Silver, Gas, and Oil in addition to your national currency and cryptocurrencies. Few limits exists on what can be traded on the BitShares exchange, given enough interest. The BitShares exchange can support assets that can track stocks, bonds, indexes, or inflation.
Cons
  • I think we need to promote marketing to build the community.

Revainrating 5 out of 5

Unlike other coins, this one making a lot of focus on decentralization, speed…

Unlike other coins, this one making a lot of focus on decentralization, speed, and security.

Pros
  • Provides a high-performance decentralized exchange, with all the features you would expect in a trading platform. - It can handle the trading volume very big. - Decentralization gives BitShares robustness against failure. Because, any attack or failure impacts only a single user and their funds. - Users are in control of their own security. - The trades execute in seconds, just like any centralized website interface.
Cons
  • Is not available deposit in Fiat currencies.

Revainrating 4 out of 5

Designing a high-performance blockchain isn’t rocket-science, and doesn’t…

Designing a high-performance blockchain isn’t rocket-science, and doesn’t require complex, hard-to-understand protocols, nor does it require dividing processing among all the nodes on the network. Instead, all that is necessary to build a high-performance blockchain is to remove all calculations that are not part of the critical, order-dependent, evaluation from the core business logic, and to design a protocol that facilitates these kinds of optimizations. This is what BitShares has done.

Pros
  • Trade in Gold, Silver, Gas, and Oil in addition to your national currency and cryptocurrencies. Few limits exists on what can be traded on the BitShares exchange, given enough interest. The BitShares exchange can support assets that can track stocks, bonds, indexes, or inflation.
Cons
  • Cannot deposit fiat currency.

Revainrating 5 out of 5

Users of BitShares are able to stabilize their investments by converting to…

Users of BitShares are able to stabilize their investments by converting to stable cryptocurrency assets that are pegged to <abbr rel="tooltip" title="Currency that a government has declared to be legal tender, but is not backed by a physical commodity. For example the US dollar, the Euro and almost any other country related currency you can think of.">fiat</abbr> currencies. Because there’s no need to convert to fiat currency at any time, users have greater anonymity as a result. BitShares has

Pros
  • Signing up for a BitShares account is quick and easy. Users aren’t asked to provide vast amounts of personal information in order to register for an account and trade on the platform. This stands in stark contrast to centralized exchanges, which must obtain such information in order to comply with government regulations.
Cons
  • One of the primary problems being solved by Bitshares is the risk that is inherent in centralized exchanges. That doesn’t just mean traditional exchanges, but also the centralized cryptocurrency exchanges, which have proven to be unsecure as seen by the famous Mt. Gox hack and the more recent Coincheck hack. There have been numerous other smaller hacks as well, and this has led to the loss of funds for scores of users, simply because they had to place their trust in a centralized third party provider.

Revainrating 4 out of 5

When you hold BitUSD the value of your holdings will remain pegged to the…

When you hold BitUSD the value of your holdings will remain pegged to the dollar so long as BitShares itself has reasonable volatility. Reasonable volatility in this case means that it can handle greater volatility than Bitcoin has ever seen in its lifetime. The price of BitShares would have to fall to less than 1/3 its starting price in less than 24 hours and then stay there. No legitimate, widely adopted cryptocurrency has ever seen that kind of price movement. This means that BitUSD is…

Pros
  • At just a few cents per trade*, BitShares is one of the cheapest exchanges around. Other exchanges charge a percentage of your transaction volume. For a $1000 trade on BitStamp you will pay $5 vs less than $0.01 (Jan 2015) to make the same trade on the BitShares exchange. The more traditional exchanges like E-Trade or Scottrade charge over $5 per trade. Taking these price comparisons into consideration, clearly it doesn’t get any cheaper than BitShares.
Cons
  • The activity of community is not much. The majority of participants are interested in pricing rather than the underlying