BitShares (BTS) is an open-source, blockchain-based platform designed for high-performance financial operations and real-time financial transactions. Launched in 2015, BitShares operates as a decentralized autonomous organization (DAO) that allows BTS token holders to influence the blockchain's future direction. The platform supports various decentralized products including a DEX, user-issued assets, market-pegged assets, DeFi services, and NFTs. BTS serves as the core utility token for transaction fees and development purposes, with a total supply of approximately 3 billion tokens. The platform uses Delegated Proof of Stake (DPoS) consensus and enables creation of distributed autonomous companies providing services at lower costs than centralized alternatives.

You may ask

What is BitShares (BTS)?

BitShares is an open-source, blockchain-based platform for high-performance financial operations that operates as a decentralized autonomous organization, allowing BTS holders to influence the blockchain's future direction through governance.

What products does BitShares support?

BitShares supports a decentralized exchange (DEX), user-issued assets (UIA), market-pegged assets (MPA), DeFi services, liquidity pools with automated market makers, prediction markets, and NFTs.

How does BitShares governance work?

BTS token holders can vote for witnesses (block producers), committee members responsible for network parameters, and worker proposals for development funding. The platform uses Delegated Proof of Stake consensus for governance decisions.

What are BitShares' main use cases?

BitShares can be used for issuing company shares, event tickets, digital property, software licenses, creating liquidity pools, and building distributed autonomous companies that operate without centralized management.