BTS-BitShares Introduction Details
BitSharesBlockchain is an industrial-grade decentralized platform that focuses on high-performance financial smart contracts. BitShares (BTS) is the core token of BitSharesBlockchain, with practicality and management authority. BTS can be used for voting, rewards and payment of fees.
1. Decentralized Autonomous Cooperation (DAC)
BitShares blockchain implements industrial-grade technology focusing on enterprises, organizations or individuals, with a complete ecosystem and free market economy. Based on MIT's open source license graphene technology, BitShares was launched in its current form on October 13, 2015. Since BitShares blockchain and its dApps have been elected, maintained and maintained by workers (through consensus) through core token holders. Since its development, it has been composed of more than 30 highly skilled professionals.
1. DPoS consensus
The DPOS algorithm is divided into two parts: electing a group of block producers and scheduling production.
The election process ensures that core token holders are ultimately controlled, because when the network is not running smoothly, stakeholders lose the most.
The BitShares blockchain design revolves around account permissions, and then designs passwords for ease of use.
Each account can be controlled by a single or weighted combination of other accounts or keys. This will create a hierarchy that can be constructed to reflect real-life permissions-such as company or organization approval and digital signature processes.
3. Number of transactions
Any user who interacts with the blockchain will interact through real and authorized transactions.
Then construct the transaction, and then send the transaction to the network, which contains the instructions the user wants to execute. The simplest form is a transfer operation, which contains the sender, receiver, amount and optional encrypted memo.
4. Token Factory
Create your own cryptocurrency token by publicly representing and listing the assets issued by users on the blockchain.
User-issued assets enable entrepreneurs to issue their own tokens. Event tickets, company shares, crowdfunding, loyalty, and points are just a few examples. The whitelist can create KYC/AML tokens that fully comply with regulations. Publicly describe, list assets and provide liquidity for them.
Operations on the BitShares blockchain can extend its range of functions to built-in or external dApps.
The BitShares blockchain has been widely modularized and operated independently of each other. BitShares is considered to be very stable because modifications to the core blockchain need to be reviewed by the core development team and approved by BTS holders before any network-wide protocol upgrades.
A human-readable account name that must be registered with the public key in the blockchain before use
The BitShares blockchain acts as a resolver from names to public keys in a similar way to traditional Domain Name Service (DNS). Users can easily remember and pass their account information instead of an error-prone address.
2. Functions of BitShares industrial-grade blockchain
1. Processing speed
The fastest block confirmation. The transaction is written to the blockchain within 3 seconds, which is less than 1.5 seconds on average.
2. The lowest cost
Like other blockchains, BitShares also charges fees, but they are far below average, and lifetime members can enjoy 80% cash back.
3. Regular and planned payments
Supports regular payments, subscription payments, and allows users to authorize third parties to withdraw funds within certain limits.
4. Dynamic account permissions
Enable corporate environment management and use weighted combinations approved by other accounts to control the wallet.
Supported by the dApps ecosystem, which self-funds the core token BTS, ensuring that the blockchain covers the cost of maintaining sustainable operations.
Delegated Proof of Stake (DPOS) is actually impossible to be hacked, because it will involve taking out many active and backup, global, and trusted principals.
Full name: BitShares
BTS/USDT trading: https://www.gx.com/trade/BTS USDT
Official website: https://bitshares.org/
Block explorer: https://bts.ai/
White paper: https://github.com/bitshares-foundation/bitshares.foundation/blob/master/download/articles/BitSharesBlockchain.pdf