BitShares (CURRENCY:BTS) traded 2.4% lower against the dollar during the 1 day period ending at 13:00 PM E.T.on September 19th.One BitShares coin can currently be bought for $0.0350 or 0.347 BTC on major exchanges including BitShares Asset Exchange, CryptoBridge, LBank and YoBit.During the last week, BitShares has traded 3.2% higher against the dollar.BitShares has a total market cap of $95.86 million and $2.44 million worth of BitShares was traded on exchanges in the last day.
Here is how related cryptocurrencies have performed during the last day:
Cardano (ADA) traded 1.5% $0.0533 or 0.529 BTC.
Ontology (ONT) traded 2.4% $0.82 or 0.00008185 BTC.
Qtum (QTUM) traded down 2.5% $2.21 or 0.00021978 BTC.OmiseGO (OMG) traded 3.5% $1.14 or 0.00011353 BTC.
Mixin (XIN) traded 0.8% $212.52 or 0.02109377 BTC.Ardor (ARDR) traded 3.9% $0.0587 or 0.582 BTC.WINk (WIN) traded 0.4% $0.0002 or 0.2 BTC.Vitae (VITAE) traded down 5.6% $2.02 or 0.00020099 BTC.
Wanchain (WAN) traded down 3.3% $0.26 or 0.00002561 BTC.PRIZM (PZM) traded 4.5% $0.44 or 0.00004354 BTC.BitShares Profile
BitShares is a proof-of-stake (PoS) coin that uses the SHA-512 hashing algorithm.Its genesis date was November 5th, 2014.
BitShares’ total supply is 2,741,930,000 coins.BitShares’ official website is bitshares.org .BitShares’ official Twitter account is @_bitshares and its Facebook page is accessible here .The Reddit community for BitShares is /r/bitshares and the currency’s Github account can be viewed here .
The official message board for BitShares is bitsharestalk.org .
According to CryptoCompare, “Delegated Proof-of-Stake Consensus Delegated Proof of Stake (DPOS) is a new method of securing a crypto-currency’s network.DPOS attempts to solve the problems of both Bitcoin’s traditional Proof of Work system, and the Proof of Stake system of Peercoin and NXT.DPOS implements a layer of technological democracy to offset the negative effects of centralization.Delegated proof of stake mitigates the potential negative impacts of centralization through the use of witnesses (formaly called delegates).
A total of N witnesses sign the blocks and are voted on by those using the network with every transaction that gets made.By using a decentralized voting process, DPOS is by design more democratic than comparable systems.Rather than eliminating the need for trust all together, DPOS has safeguards in place the ensure that those trusted with signing blocks on behalf of the network are doing so correctly and without bias.Additionally, each block signed must have a verification that the block before it was signed by a trusted node.DPOS eliminates the need to wait until a certain number of untrusted nodes have verified a transaction before it can be confirmed.This reduced need for confirmation produces an increase in speed of transaction times.By intentionally placing trust with the most trustworthy of potential block signers, as decided by the network, no artificial encumbrance need be imposed to slow down the block signing process.
DPOS allows for many more transactions to be included in a block than either proof of work or proof of stake systems.DPOS technology allows cryptocurrency technology to transact at a level where it can compete with the centralized clearinghouses like Visa and Mastercard.Such clearinghouses administer the most popular forms of electronic payment systems in the world.In a delegated proof of stake system centralization still occurs, but it is controlled.Unlike other methods of securing cryptocurrency networks, every client in a DPOS system has the ability to decide who is trusted rather than trust concentrating in the hands of those with the most resources.DPOS allows the network to reap some of the major advantages of centralization, while still maintaining some calculated measure of decentralization.This system is enforced by a fair election process where anyone could potentially become a delegated representative of the majority of users.
“
Buying and Selling BitShares
BitShares can be traded on these cryptocurrency exchanges: OpenLedger DEX, Gate.io, RightBTC, Binance, ZB.COM, CryptoBridge, YoBit, BitShares Asset Exchange, BigONE, CoinEgg, EXX, RuDEX, HitBTC, CoinTiger, Crex24, Poloniex, Livecoin, LBank, Huobi, Tidex and Indodax.It is usually not presently possible to purchase BitShares acquire BitShares should first purchase Bitcoin or Ethereum using GDAX, Coinbase or Gemini.Investors can then use their newly-acquired Bitcoin or Ethereum to purchase BitShares using one of the exchanges listed above..
