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
WAX
WAX
4,973,826Op 5,378,248Op 5,715,450Op $ 0.079 B7,839gauge
(no data)
2
EOS
EOS
4,895,807Op 4,822,016Op 10,111,725Op $ 4.1 B150
0.40%
3
BTS
BitShares
2,575,603Op 2,154,348Op 6,112,075Op $ 0.198 B1,614
0.21%
4
TRX
TRON
1,379,218Op 948,700Op 1,388,941Op $ 1.2 B143gauge
(no data)
5
STEEM
Steem
945,683Op 947,784Op 2,522,380Op $ 0.164 B716
0.08%
6
BTC
Bitcoin
768,259Op 680,223Op 768,259Op $ 96 B1.0gauge_ut
100% blockchain capacity + 16,124 Unconfirmed Transactions
7
ETH
Ethereum
590,562Op 561,208Op 1,372,918Op $ 18 B4gauge_ut
100% blockchain capacity + 64,314 Unconfirmed Transactions
8
KIN
Kin
210,147Op 201,870Op 229,386Op $ 0.027 B959gauge
(no data)
9
KMD
Komodo
63,970Op 59,033Op 115,625Op $ 0.104 B76
0.01%
10
ETC
EthereumClassic
44,057Op 44,367Op 106,666Op $ 0.798 B7
2.55%
11
WAVES
Waves
38,421Op 47,780Op 6,141,108Op $ 0.146 B33gauge
(no data)
12
BCH
BitcoinCash
36,792Op 61,246Op 1,734,766Op $ 7.5 B0.6
1.52%
13
DOGE
Dogecoin
32,011Op 29,955Op 88,928Op $ 0.303 B13
1.12%
14
LTC
Litecoin
28,782Op 25,822Op 226,968Op $ 2.5 B1
1.19%
15
NANO
Nano
17,839Op 55,691Op 99,729Op $ 0.188 B12gauge
(no data)
16
DASH
Dash
9,400Op 390,306Op 3,030,402Op $ 1.1 B1
0.78%
17
SCR
ScorumCoins
8,478Op 10,221Op 15,934Op $ 0.003 B345
0.00%
18
XMR
Monero
5,033Op 4,705Op 10,914Op $ 1.4 B0.4
0.06%
19
ZEC
Zcash
3,860Op 4,074Op 19,054Op $ 0.556 B0.9
0.64%

Visit Blocktivity.info for more information and analysis.
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