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BitShares: A Revolutionary Cryptocurrency

While Bitcoin, Ethereum, and Litecoin dominate the cryptocurrency market, there are other promising coins that deserve attention. Among them is BitShares Coin, an innovative cryptocurrency that operates on a cutting-edge network protocol and holds immense potential for future growth.

An Introduction to BitShares

BitShares, formerly known as ProtoShares (PTS), is a unique form of "crypto-equity" encryption technology. It utilizes a distributed ledger and a Peer-to-Peer network protocol based on the DPoS algorithm. The project was founded by Dan Larimer, also known as "Bytemaster," who co-founded other successful ventures such as Steemit, EOS, and Cryptonomex.

Built on the Graphene consensus, an open-source C++ blockchain implementation protocol, BitShares proves its worth through real-world applications such as the Steemit.com social network and the PeerPlays.com gaming website. It offers a versatile platform for virtual currency transactions.

Exploring BitShares' Key Features

Empowering the Unbanked with BitShares

BitShares has a fundamental mission: to provide financial services to the 3 billion people worldwide who lack access to banking facilities. By creating a BitShares account, anyone with internet connectivity gains entry to a comprehensive banking system. The platform offers a range of financial services to its users.

The BitShares network enables the trading of two types of assets: Smartcoins and user-issued assets.

• Smartcoins: These coins are directly tied to specific assets, such as commodities or currencies. They are designed to maintain a value close to that of the underlying assets, providing stability in volatile markets. A robust system guarantees their security and eliminates the possibility of fraud.
• User-issued assets: BitShares users have the privilege of issuing their own assets on the platform. They have complete control over their assets' content, level of control, and determined value or monetary aspects.

Unique Advantages of BitShares

Unlike Bitcoin, BitShares does not rely on the Proof of Work security algorithm. Instead, it utilizes DPos, allowing for almost instantaneous transactions with minimal fees. With its exceptional infrastructure, BitShares resembles major payment processors like VISA, Paypal, and Payoneer.

The platform facilitates the smooth exchange of various assets as virtual currencies. Smart Coins, including bitUSD, bitEUR, bitGOLD, bitCNY, and bitSILVER, are generated by BitShares and pegged to the value of their respective coins. This ensures that 1 bitUSD is always equivalent to 1 USD during transactions. Smart Coins provide users with all the advantages of a blockchain payment platform.