About BitShares (BTS)
Market Capitalization$105.42 million
Coin or TokenCoin
Number of Exchanges21
Official Website (Alt)N/A
Message Board (Alt)N/A
BitShares (BTS) Frequently Asked Questions
What is BitShares?
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. (Description provided by CryptoCompare)
What exchanges can I buy or trade BitShares on?
BitShares can be purchased or sold on the following cryptocurrency exchanges: BitShares Asset Exchange, EXX, ZB.COM, LBank, CoinEgg, Huobi, Poloniex, Binance, Gate.io, CoinTiger, Livecoin, RightBTC, Indodax, OpenLedger DEX, Crex24, CryptoBridge, BigONE, RuDEX, HitBTC, YoBit and Tidex.
How do I buy BitShares?
It is not possible to buy most cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum and Litecoin can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance or Changelly to purchase other cryptocurrencies, including BitShares.
Where can I get BitShares wallet?
BitShares produces its own wallet software that is available for download on its website, which allows you to store BitShares on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano S. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.
What is the value of BitShares?
One BitShares (BTS) is currently worth $0.04 on major cryptocurrency exchanges. You can also exchange one BitShares for 0.00000295 bitcoin(s) on major exchanges. The value (or market capitalization) of all available BitShares in U.S. dollars is $105.42 million.
What hashing algorithm does BitShares use?
BitShares is a proof of stake (PoS) coin that uses the SHA-512 algorithm.
How do I mine BitShares?
BitShares is a proof-of-stake (PoS) currency, which means that blocks on the BitShares blockchain are not mined using hashing algorithms like Bitcoin. Rather, coins are earned by "staking" existing coins on the network or by running a master node.
What is the Reddit page for BitShares?
The official Reddit community (subreddit) for BitShares is r/bitshares.
MarketBeat Community Rating for BitShares (BTS)MarketBeat's community ratings are surveys of what our community members think about BitShares and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term. Vote "Underperform" if you believe the stock will underperform other cryptocurrencies over the long term. You may vote once every thirty days.
BitShares (BTS) Price Chart for Saturday, August, 15, 2020
BitShares (BTS) Search Trends
There is a correlation between price appreciation and public interest in cryptocurrencies, such as BitShares. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "BitShares Coin" over the last 90 days.
BitShares (BTS) Social Media Trends
BitShares (BTS) News HeadlinesNo headlines for this company have been tracked by MarketBeat.com