BitShares is a smart contract platform with built-in support of regular and instant payments and a referral fee system. It provides decentralized exchange of assets for cryptocurrencies without the need to trust a centralized fund.
The advantage of the platform is that it enables users to trade on a fully decentralized exchange (DEX). Traditional cryptocurrency exchanges rely on personal servers to store and control all funds. This led to numerous occasions of theft and loss of funds due to hacker attacks or system errors. The idea behind DEX is to give access to personal archives only to users themselves by using private keys. Users fully control their accounts; therefore there is no sense to attack the network.
BitShares has a peer-to-peer distributed ledger and network based on the DPoS algorithm. It is based on Graphene, an open source С++ blockchain implementation.
The platform supports smart contracts, decentralized exchanges and banking. The network features a high bandwidth of 100 thousand transactions per second and an average block processing time of 1.5 seconds.
We invest in BTS because it is a promising project that can be primarily of interest to the financial sector due to a high speed of transaction and low fees. The founder of BitShares and creator of Graphene is Daniel Larimer, one of the most competent blockchain specialists with an irreproachable reputation.