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
33,697,761Op 39,309,404Op 48,521,649Op $ 2.2 B1,332
2.79%
2
WAX
WAX
5,358,006Op 5,357,288Op 6,570,032Op $ 0.041 B11,485gauge
(no data)
3
BTS
BitShares
2,312,373Op 2,163,074Op 6,112,075Op $ 0.102 B1,974
0.19%
4
STEEM
Steem
922,884Op 866,765Op 2,522,380Op $ 0.085 B946
0.08%
5
BTC
Bitcoin
734,081Op 678,238Op 902,628Op $ 64 B1.0
0.08%
6
ETH
Ethereum
525,401Op 541,764Op 1,372,918Op $ 13 B4gauge_ut
100% blockchain capacity + 35,328 Unconfirmed Transactions
7
KIN
Kin
399,146Op 458,628Op 869,981Op $ 0.022 B1,571gauge
(no data)
8
KMD
Komodo
68,075Op 70,828Op 115,625Op $ 0.073 B81
0.01%
9
ETC
EthereumClassic
56,673Op 56,662Op 106,666Op $ 0.459 B11
3.28%
10
WAVES
Waves
32,695Op 61,545Op 6,141,108Op $ 0.259 B11gauge
(no data)
11
TFD
te-food
32,566Op 54,397Op 83,695Op $ 0.004 B655gauge
(no data)
12
DOGE
Dogecoin
26,477Op 32,981Op 88,928Op $ 0.249 B9
0.93%
13
LTC
Litecoin
23,236Op 22,575Op 226,968Op $ 1.9 B1
0.96%
14
NANO
Nano
17,473Op 19,197Op 99,729Op $ 0.116 B13gauge
(no data)
15
VET
VeChain
12,301Op 22,001Op 57,413Op $ 0.218 B5gauge
(no data)
16
DASH
Dash
9,800Op 9,279Op 3,030,402Op $ 0.614 B1
0.81%
17
BCH
BitcoinCash
7,845Op 9,133Op 1,734,766Op $ 2.3 B0.3
0.32%
18
SCR
ScorumCoins
5,280Op 5,843Op 22,822Op $ 0.002 B197
0.00%
19
ZEC
Zcash
3,882Op 3,268Op 19,054Op $ 0.310 B1
0.64%
20
XMR
Monero
3,122Op 3,893Op 10,914Op $ 0.757 B0.4
0.04%

Visit Blocktivity.info for more information and analysis.
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