1. Programme Name
2. Project Introduction
BitShares is a blockchain-based financial services and development platform, that was built to support high-performance financial smart contracts. Any individual or organization can freely transfer, borrow, trade, issue assets, issue their own smart coins and futures, etc asset types on this platform. It is also possible to quickly build a low cost, decentralized, high-performance cryptocurrency/stock/gold exchange, based on this platform. Currency/stock/precious metals exchanges, payment gateways, asset management platforms, etc.
BitShares invented the MPA (Market Pegged Asset), like BitUSD(1BitUSD= 1USD), with at least twice value of BTS as collateral backing, and smart contracts that automatically trigger margin calls to guarantee payment.
In the process of providing high liquidity in blockchain assets, MPA’s also has the advantage of ensuring stability of value, making it suitable for payment and trading scenario.
It also extends the concept of blockchain, applying this technology in areas outside finance, including other fields that rely on the Internet, such as voting, music, and auditing. The public digital ledger provides conditions for the creation of distributed autonomous companies (DACs), which can provide better service quality at a lower cost than traditional centralized companies.
The BitShares blockchain has the fastest transaction confirmation speed, and the largest transaction capacity amongst public blockchains. Stress tests have proven that BTS can support 3,300 transactions per second and a total of 16,000 operations a section, while its potential TPS (transactions per second) is 100,000. The 3300's TPS is equivalent to the sum of VISA (2000TPS), Bitcoin, Ethereum, and Litecoin TPS.
Total Supply: theoretical upper limit of 3.6 billion (system daily recovery and destruction of BTS)
Total in Circulation: approximately 2.6 billion
Token decimal: 5
4. Useful Links