What is BitShares?

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2018-01-02
Photo: Bitshares
What is BitShares?

BitShares is more than just crypto currency: the project also covers financial instruments and contracts, which makes it unique and important. “BitAssets, the BitShares currency, is a digital token that is free of volatility. This means that on the crypto-currency exchanges around the world, bitUSD, bitEuro, bitCNY and bitGold will always be traded at approximately the level of the dollar, euro, yuan and gold. ” BitShares is a platform for deploying a profitable business with low overhead.

The cost of BitShares is compared to Bitcoin, and transactions are confirmed on average in 5 seconds. BitShares has its own token and is called Bitshares (BTS). If we treat it simply as a currency, it is as volatile as the other currencies of the first generation, like Bitcoin. However, if you look at it as a share in the independent company BitShares, it turns out that the value of BTS is provided by the products and services of the company. Thus, BTS is an excellent form of providing stable smart currency derivatives and other financial products.

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