BitShares (BTS) Reaches 1-Day Volume of $1.85 Million

BitShares (CURRENCY:BTS) traded up 4% against the dollar during the 1 day period ending at 18:00 PM E.T. on July 12th. BitShares has a market cap of $139.59 million and approximately $1.85 million worth of BitShares was traded on exchanges in the last 24 hours. Over the last seven days, BitShares has traded down 15.4% against the dollar. One BitShares coin can currently be bought for approximately $0.0511 or 0.00000433 BTC on exchanges including CoinEgg, EXX, Binance and ZB.COM.

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

  • Cardano (ADA) traded up 7.2% against the dollar and now trades at $0.0697 or 0.00000591 BTC.
  • Ontology (ONT) traded up 5.6% against the dollar and now trades at $1.12 or 0.00009511 BTC.
  • Qtum (QTUM) traded 6.9% higher against the dollar and now trades at $3.80 or 0.00032166 BTC.
  • OmiseGO (OMG) traded 3.9% higher against the dollar and now trades at $2.00 or 0.00016914 BTC.
  • Mixin (XIN) traded 3% higher against the dollar and now trades at $228.58 or 0.01936751 BTC.
  • Ardor (ARDR) traded 5.2% higher against the dollar and now trades at $0.0844 or 0.00000715 BTC.
  • Wanchain (WAN) traded 4.7% higher against the dollar and now trades at $0.31 or 0.00002594 BTC.
  • Theta Fuel (TFUEL) traded 3.5% higher against the dollar and now trades at $0.0083 or 0.00000071 BTC.
  • ContentBox (BOX) traded up 12.3% against the dollar and now trades at $0.0337 or 0.00000285 BTC.
  • Apollo Currency (APL) traded up 3.6% against the dollar and now trades at $0.0021 or 0.00000018 BTC.

BitShares Profile

BitShares is a proof-of-stake (PoS) coin that uses the SHA-512 hashing algorithm. It launched on November 5th, 2014. BitShares’ total supply is 2,733,360,000 coins. BitShares’ official Twitter account is @_bitshares and its Facebook page is accessible here. BitShares’ official message board is bitsharestalk.org. The Reddit community for BitShares is /r/bitshares and the currency’s Github account can be viewed here. The official website for BitShares is bitshares.org.

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. “

BitShares Coin Trading

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

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