Decentralized Autonomous Cooperation (DAC)


BitShares Blockchain implements an industrial-grade technology focused on businesses, organizations or individuals, with an amazing eco-system and free-market economy. Based on open-source MIT-licensed Graphene technology, BitShares was launched in its existing form on 13th October 2015, known prior to that as a community project: 'ProtoShares'. Ever since then, the BitShares blockchain and its dApps have been maintained and developed by workers elected via stakeholder consensus, consisting of more than 30 highly skilled professionals.

DPoS Consensus

The DPOS algorithm is divided into two parts: electing a group of block producers and scheduling production.

The election process makes sure that stakeholders are ultimately in control because stakeholders lose the most when the network does not operate smoothly”. Dan Larimer

DPoS (Delegated Proof of Stake) specifically replaces environmentally reckless ‘mining’.


Permissions

The BitShares Blockchain designs permissions around accounts and then cryptography for ease of use

Every account can be controlled by single or weighted combinations of other account/s and/or keys. This creates a hierarchical structure which can be built to reflect real-life permissions – for example a company or organization approval and signing processes in digital form.

Transactions

Any user interacting with a Blockchain does so with transactions which are authentic and authorized.

Transactions are constructed then transmitted to the network, containing instructions the user wants to perform. The most simple form is the transfer operation, which contains sender, receiver, amount, and optionally, encrypted memo.


Token Factory

Create your own cryptocurrency tokens by publically representing and listing a User-Issued Asset on the blockchain

User-Issued Assets enable entrepreneurs to issue their own tokens. Event tickets, company shares, crowd-funding, loyalty/credits are just a few of the examples. Whitelist to create fully regulatory compliant KYC/AML tokens. Publically describe, list, and provide liquidity for your assets.

Extensibility

Operations on the BitShares Blockchain allow for extending its range of functions towards built-in or external dApps.

The BitShares Blockchain is extensively modularized and implements operations independently of one another. BitShares is considered so stable because core blockchain modifications require vetting by the core developer team, followed and approved by BTS holders before any network-wide protocol upgrade.

Identity

Human-readable account names that must be registered together with public-keys in the blockchain prior to usage

The BitShares Blockchain acts as a name-to-public-key resolver in a similar way to the traditional Domain Name Service (DNS). Users can easily remember and pass on their account information instead of error-prone addresses.


More Features of the BitShares industrial grade blockchain:

Processing Speed

Fastest block confirmations. Transactions get written to the blockchain within 3 seconds, and on average in under 1.5 seconds.

Lowest Fees

Like other Blockchains, BitShares also has fees yet they are much lower than average, with 80% vesting cashback for lifetime members.

Recurring and Scheduled Payments

Supports recurring payments, subscription payments, allow users to authorize third parties to make withdrawals within certain limits.

Dynamic Account Permissions

Enabling management for the corporate environment, control wallets using a weighted combination of other account approvals.

Self-Sustaining

Powered by an eco-system of dApps which self-fund the core token BTS, ensuring the blockchain covers costs to keep going in perpetuity.

Security

Delegated Proof of Stake (DPOS) is virtually impossible to hack, as it would involve taking out many active and backup, global, trusted delegates.

Blockchain Activity Matrix
Activity Value Index
# symbol Name Activity
Number of operations on the blockchain during the last 24h (more about it at Blocktivity.info).
Average (7d)
Average number of operation on the blockchain during the last 7 days (more about it at Blocktivity.info).
Record
Absolute transaction / day record (more about it at Blocktivity.info)
Market Cap
In BILLION dollars.
AVI
Activity Valuation Index (AVI) - A ratio of blockchain activity to market cap valuation (more about it at Blocktivity.info).
CUI
Capacity Utilization Index (CUI) - A ratio of blockchain daily activity to total blockchain capacity(more about it at Blocktivity.info).
1
EOS
EOS
22,362,444Op 23,169,430Op 48,521,649Op $ 3.1 B592
1.85%
2
WAX
WAX
4,635,285Op 5,167,365Op 6,849,263Op $ 0.044 B8,698gauge
(no data)
3
TLOS
Telos
2,081,840Op 3,953,153Op 8,148,998Op $ 0.040 B4,285gauge
(no data)
4
BTS
BitShares
1,664,000Op 1,757,625Op 6,112,075Op $ 0.118 B1,153
0.14%
5
TRX
TRON
1,114,960Op 1,229,144Op 2,058,568Op $ 1.7 B55gauge
(no data)
6
STEEM
Steem
972,651Op 942,418Op 2,522,380Op $ 0.104 B766
0.08%
7
BTC
Bitcoin
836,357Op 770,903Op 950,945Op $ 69 B1.0
0.08%
8
ETH
Ethereum
506,833Op 460,521Op 1,372,918Op $ 15 B3gauge_ut
100% blockchain capacity + 32,141 Unconfirmed Transactions
9
KIN
Kin
350,427Op 313,277Op 869,981Op $ 0.021 B1,389gauge
(no data)
10
NANO
Nano
159,315Op 179,666Op 700,612Op $ 0.122 B107gauge
(no data)
11
WAVES
Waves
86,979Op 118,399Op 6,141,108Op $ 0.277 B26gauge
(no data)
12
KMD
Komodo
73,753Op 66,836Op 115,625Op $ 0.109 B55
0.01%
13
ETC
EthereumClassic
44,147Op 39,940Op 106,666Op $ 0.480 B8
2.55%
14
TFD
te-food
29,561Op 27,402Op 83,695Op $ 0.004 B587gauge
(no data)
15
DOGE
Dogecoin
27,853Op 27,953Op 88,928Op $ 0.244 B9
0.98%
16
LTC
Litecoin
24,476Op 23,746Op 226,968Op $ 2.9 B0.7
1.01%
17
BCH
BitcoinCash
12,780Op 15,218Op 1,734,766Op $ 2.5 B0.4
0.53%
18
DASH
Dash
11,214Op 12,522Op 3,030,402Op $ 0.742 B1
0.93%
19
SCR
ScorumCoins
8,158Op 8,658Op 22,822Op $ 0.002 B318
0.00%
20
XMR
Monero
4,414Op 3,484Op 10,914Op $ 0.859 B0.4
0.05%
21
VET
VeChain
4,344Op 5,652Op 57,413Op $ 0.241 B1gauge
(no data)
22
ZEC
Zcash
3,709Op 3,498Op 19,054Op $ 0.324 B0.9
0.61%

Visit Blocktivity.info for more information and analysis.
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