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
4,911,798Op 4,999,531Op 10,111,725Op $ 4.1 B173
0.41%
2
WAX
WAX
4,626,741Op 5,207,740Op 5,715,450Op $ 0.090 B7,509gauge
(no data)
3
BTS
BitShares
2,201,032Op 2,314,579Op 6,112,075Op $ 0.191 B1,677
0.18%
4
TRX
TRON
1,157,395Op 1,125,948Op 1,439,904Op $ 1.2 B137gauge
(no data)
5
STEEM
Steem
934,830Op 959,908Op 2,522,380Op $ 0.166 B820
0.08%
6
BTC
Bitcoin
662,712Op 687,737Op 773,837Op $ 96 B1.0
0.08%
7
ETH
Ethereum
526,745Op 561,353Op 1,372,918Op $ 18 B4gauge_ut
100% blockchain capacity + 84,084 Unconfirmed Transactions
8
KIN
Kin
197,410Op 207,230Op 229,386Op $ 0.028 B1,013gauge
(no data)
9
KMD
Komodo
65,694Op 62,772Op 115,625Op $ 0.100 B95
0.01%
10
WAVES
Waves
43,983Op 42,881Op 6,141,108Op $ 0.149 B43gauge
(no data)
11
ETC
EthereumClassic
41,433Op 43,920Op 106,666Op $ 0.788 B8
2.40%
12
BCH
BitcoinCash
34,254Op 136,757Op 1,734,766Op $ 6.7 B0.7
1.42%
13
DOGE
Dogecoin
31,654Op 30,695Op 88,928Op $ 0.307 B15
1.11%
14
LTC
Litecoin
24,358Op 25,655Op 226,968Op $ 2.5 B1
1.01%
15
SCR
ScorumCoins
10,757Op 10,406Op 15,934Op $ 0.003 B577
0.00%
16
DASH
Dash
10,499Op 9,538Op 3,030,402Op $ 1.1 B1
0.87%
17
NANO
Nano
8,158Op 25,191Op 99,729Op $ 0.178 B7gauge
(no data)
18
XMR
Monero
3,528Op 4,561Op 10,914Op $ 1.4 B0.4
0.04%
19
ZEC
Zcash
2,895Op 3,631Op 19,054Op $ 0.562 B0.7
0.48%

Visit Blocktivity.info for more information and analysis.
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