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BitShares

BitShares

Bitshares is a decentralized exchange designed for trading of cryptocurrencies utilizing a delegated proof of stake consensus.

BitShares is an open source decentralized exchange designed for the trading of cryptocurrencies utilizing a delegated proof-of-stake consensus (DPOS). BitShares was created by Dan Larimer in 2013, and assumed its existing form in October, 2015.

It is organized as a Decentralized Autonomous Organization (DAO), and has all the features typically associated with fiat currency based trading platforms. Features of Bitshares include: DPoS consensus; customizable account permissions; authorized transactions; user-issued blockchain assets; ability to create and extend functionality of built-in and/or external dApps; human-readable account names with public key registration; quick transaction processing speeds (average of 1.5 seconds); low fees with 80% vesting cash back for lifetime members; ability to issue recurring and schedules payments; and a high level of security through delegated Proof-of-Stake (DPOS).

Timeline

People

Name
Role
Related Golden topics

Dan Larimer

Founder

Further reading

Title
Author
Link
Type

BitShares Reaches Record Transaction, Overtakes Bitcoin and Ethereum in Transaction Volume

Michael Taggart

News

BitShares whitepaper

BitShares

Documentaries, videos and podcasts

Title
Date
Link

Dan Larimer - Bitshares

January 25, 2015

Companies

Company
CEO
Location
Products/Services

References