BitShares Price Reaches $0.0387 on Top Exchanges (BTS)

BitShares (CURRENCY:BTS) traded 1% higher against the U.S. dollar during the 24 hour period ending at 9:00 AM E.T. on January 12th. One BitShares coin can now be bought for $0.0387 or 0.00001057 BTC on major cryptocurrency exchanges including Livecoin, Indodax, EXX and LBank. BitShares has a market cap of $103.75 million and approximately $2.67 million worth of BitShares was traded on exchanges in the last 24 hours. Over the last seven days, BitShares has traded down 3.7% against the U.S. dollar.

Here’s how related cryptocurrencies have performed over the last 24 hours:

  • Cardano (ADA) traded 1.7% lower against the dollar and now trades at $0.0434 or 0.00001186 BTC.
  • Ontology (ONT) traded 2.2% higher against the dollar and now trades at $0.63 or 0.00017111 BTC.
  • Qtum (QTUM) traded 0.5% higher against the dollar and now trades at $2.13 or 0.00058285 BTC.
  • OmiseGO (OMG) traded 0.2% higher against the dollar and now trades at $1.30 or 0.00035394 BTC.
  • Ardor (ARDR) traded 0.9% lower against the dollar and now trades at $0.0523 or 0.00001429 BTC.
  • Mixin (XIN) traded down 3.6% against the dollar and now trades at $90.97 or 0.02485623 BTC.
  • Wanchain (WAN) traded down 1.3% against the dollar and now trades at $0.31 or 0.00008465 BTC.
  • Mithril (MITH) traded up 7.3% against the dollar and now trades at $0.0614 or 0.00001678 BTC.
  • Particl (PART) traded down 13.1% against the dollar and now trades at $2.80 or 0.00076460 BTC.
  • Dropil (DROP) traded 1.8% higher against the dollar and now trades at $0.0007 or 0.00000019 BTC.

BitShares Coin Profile

BitShares (CRYPTO:BTS) is a proof-of-stake (PoS) coin that uses the SHA-512 hashing algorithm. It launched on November 5th, 2014. BitShares’ total supply is 2,682,260,000 coins. The official website for BitShares is bitshares.org. The official message board for BitShares is bitsharestalk.org. The Reddit community for BitShares is /r/bitshares and the currency’s Github account can be viewed here. BitShares’ official Twitter account is @_bitshares and its Facebook page is accessible here.

According to CryptoCompare, “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. “

Buying and Selling BitShares

BitShares can be bought or sold on these cryptocurrency exchanges: YoBit, Indodax, EXX, Huobi, Poloniex, RightBTC, OpenLedger DEX, Binance, Livecoin, CryptoBridge, BitShares Asset Exchange, RuDEX, LBank, Crex24, CoinEgg, Gate.io, ZB.COM, HitBTC, BigONE, CoinTiger and Tidex. It is usually not currently possible to buy alternative cryptocurrencies such as BitShares directly using US dollars. Investors seeking to acquire BitShares should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy BitShares using one of the exchanges listed above.

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