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
36,658,779Op 35,642,524Op 48,521,649Op $ 2.2 B1,530
3.03%
2
WAX
WAX
5,291,423Op 5,389,190Op 6,570,032Op $ 0.034 B14,347gauge
(no data)
3
BTS
BitShares
2,159,908Op 2,150,032Op 6,112,075Op $ 0.105 B1,893
0.18%
4
STEEM
Steem
874,382Op 877,128Op 2,522,380Op $ 0.115 B698
0.07%
5
BTC
Bitcoin
681,470Op 700,739Op 902,628Op $ 63 B1.0
0.07%
6
ETH
Ethereum
536,942Op 541,331Op 1,372,918Op $ 12 B4gauge_ut
100% blockchain capacity + 43,062 Unconfirmed Transactions
7
KIN
Kin
341,275Op 393,170Op 869,981Op $ 0.023 B1,369gauge
(no data)
8
TLOS
Telos
85,351Op 84,580Op 92,954Op $ 0.012 B641gauge
(no data)
9
KMD
Komodo
67,037Op 67,960Op 115,625Op $ 0.073 B84
0.01%
10
WAVES
Waves
62,106Op 62,057Op 6,141,108Op $ 0.290 B20gauge
(no data)
11
ETC
EthereumClassic
47,284Op 53,532Op 106,666Op $ 0.460 B9
2.74%
12
TFD
te-food
36,712Op 44,101Op 83,695Op $ 0.004 B824gauge
(no data)
13
DOGE
Dogecoin
30,964Op 31,660Op 88,928Op $ 0.241 B12
1.09%
14
LTC
Litecoin
19,844Op 22,420Op 226,968Op $ 1.9 B1.0
0.82%
15
NANO
Nano
14,237Op 20,760Op 99,729Op $ 0.129 B10gauge
(no data)
16
DASH
Dash
12,010Op 10,956Op 3,030,402Op $ 0.611 B2
0.99%
17
BCH
BitcoinCash
9,029Op 9,434Op 1,734,766Op $ 2.3 B0.4
0.37%
18
VET
VeChain
6,889Op 18,204Op 57,413Op $ 0.238 B3gauge
(no data)
19
SCR
ScorumCoins
4,126Op 5,497Op 22,822Op $ 0.002 B183
0.00%
20
XMR
Monero
3,110Op 3,755Op 10,914Op $ 0.751 B0.4
0.04%
21
ZEC
Zcash
2,815Op 3,144Op 19,054Op $ 0.301 B0.9
0.47%

Visit Blocktivity.info for more information and analysis.
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