Dear ATOMARS Community,
We are pleased to announce the listing of Bitshares (BTS) on Atomars exchange. Bitshares (BTS) deposits are effective starting from November 3, 2019 and the following trading pairs will be available: BTS/BTC and BTS/ETH.
BITSHARES PROJECT SUMMARY
Bitshares, formerly known as ProtoShares (PTS), is a decentralized trading platform with its own digital currency (designated as BTS). It was created in 2014 by visionary and serial crypto entrepreneur Dan Larimer, who is the co-founder of crypto projects which include Steemit, EOS, and Cryptonomex, together with the co-founder of Ethereum and Cardano, Charles Hoskinson. With Bitshares, individuals and institutions can freely transfer, borrow, issue assets, smartcoins, goods, etc. and can quickly establish a decentralized, low-cost, high-performance exchange of cryptocurrencies, precious metals, stocks, etc.
Bitshares is a peer-to-peer distributed ledger and network based on a Delegated Proof of Stake algorithm. It is based on an open-source C++ representation called Graphene, which acts as a consensus mechanism and is used by other projects like Steemit.com and PeerPlays.com.
Bitshares is regarded as purist equity rather than purist currency since its tokens (BTS) are used as collateral on several decentralized financial services such as smart contracts, decentralized exchanges, banking, derivative creations, and currency rails.
BITSHARES (BTS) FEATURES
Decentralized Asset Exchange
Bitshares’ greatest feature is its decentralized exchange. Traditional exchanges are centralized, which are infamous for being an unsafe place to hold funds. One high profile case that proves this is the Mt Gox incident, which saw customers losing their funds. With Bitshares, users control their security in a decentralized exchange.
Not only is there better security with a decentralized exchange, but performance is also better. Fees are lower and Bitshares can handle trading volumes as high as NASDAQ and, at the same time, settle orders as soon as they are submitted.
Industrial Performance and Scalability
Scalability is a problem within the cryptocurrency industry as debates rage on in light of Bitcoin’s struggles. In terms of transaction confirmations, Bitshares offers the fastest block confirmations. It is based on Graphene and can confirm transactions in less than one second.
Dynamic Account Permissions
The security of funds is significantly better because of Bitshares’ multi-user control feature. Multi-user controls allow organizations to customize permissions to their needs.
Recurring & Scheduled Payments
Bitshares provides flexible withdrawal permissions by allowing for recurring payments. It uses four parameters to do this which are the start date, end date, period withdrawal limit and length of the period
Referral Rewards Program
Bitshares started a referral program to boost network growth, encourage mass adoption and build the infrastructure necessary for the ecosystem to thrive. This referral program is within the software.
Transferable Named Accounts
Rather than use strings of words like Bitcoin or the other major cryptocurrencies, Bitshares assigns a unique name to accounts selected by the user. With named accounts that users can easily remember, accessing accounts is simpler and account names can be transferred between users.
Many companies are beginning to offer their own tokens to grow their business. Bitshares enables individuals and companies to issue customized tokens according to their needs. These tokens have endless applications from reward points to event tickets.