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
38,407,181Op 43,186,980Op 48,521,649Op $ 1.7 B1,950
3.18%
2
WAX
WAX
5,223,533Op 5,114,794Op 6,570,032Op $ 0.036 B12,465gauge
(no data)
3
TRX
TRON
1,517,182Op 1,549,361Op 1,917,924Op $ 0.855 B150gauge
(no data)
4
BTS
BitShares
1,208,355Op 1,238,844Op 6,112,075Op $ 0.095 B1,075
0.10%
5
KIN
Kin
860,239Op 865,436Op 869,972Op $ 0.023 B3,133gauge
(no data)
6
STEEM
Steem
844,131Op 844,131Op 2,522,380Op $ 0.069 B1,032
0.07%
7
BTC
Bitcoin
669,542Op 630,443Op 773,837Op $ 57 B1.0
0.07%
8
ETH
Ethereum
568,698Op 546,708Op 1,372,918Op $ 8.8 B5gauge_ut
100% blockchain capacity + 84,228 Unconfirmed Transactions
9
WAVES
Waves
116,244Op 80,326Op 6,141,108Op $ 0.233 B42gauge
(no data)
10
KMD
Komodo
64,567Op 66,626Op 115,625Op $ 0.062 B88
0.01%
11
ETC
EthereumClassic
52,293Op 51,589Op 106,666Op $ 0.397 B11
3.03%
12
DOGE
Dogecoin
31,137Op 31,832Op 88,928Op $ 0.244 B11
1.09%
13
NANO
Nano
24,067Op 13,712Op 99,729Op $ 0.104 B20gauge
(no data)
14
LTC
Litecoin
23,214Op 22,285Op 226,968Op $ 1.4 B1
0.96%
15
BCH
BitcoinCash
10,896Op 13,228Op 1,734,766Op $ 1.4 B0.7
0.45%
16
DASH
Dash
9,036Op 8,602Op 3,030,402Op $ 0.505 B2
0.75%
17
SCR
ScorumCoins
7,881Op 5,480Op 22,822Op $ 0.003 B226
0.00%
18
VET
VeChain
7,027Op 12,002Op 24,488Op $ 0.189 B3gauge
(no data)
19
XMR
Monero
5,889Op 4,271Op 10,914Op $ 0.637 B0.8
0.07%
20
ZEC
Zcash
3,920Op 3,299Op 19,054Op $ 0.271 B1
0.65%

Visit Blocktivity.info for more information and analysis.
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