Frequently Asked Questions

BitShares Blockchain has a unique platform and open source integrations; that is secure, smart and easy-to-use, and completely disrupting the way businesses issue shares and raise capital.

BTS – BTS is the core asset utility which is needed to submit transactions on BitShares Blockchain; it is also used for BitShares development purposes; while BTS asset shareholders are in power to manage and develop BitShares and influence it’s future using several decentralized integrated functions and tools such as decentralized worker and voting system.

You can find the official releases at GitHub: https://github.com/BitShares

BitShares is an investment currency with its own digital currency, BTS. With BitShares, users can trade and invest in an essentially unlimited list of assets while taking advantage of the blockchain’s security. BitShares has the features you expect from a traditional trading platform, but with the added advantages of cryptocurrency and blockchain technologies, such as decentralization.

BTS is stored at Blockchain; some are storing it with custodians like centralized exchanges; while you can be the custodian by yourself using several client browser based wallets with just having public and private keys saved.

BitShares allows individuals and companies to create and issue their own tokens for anything they can imagine. On the one hand, UIAs can be used as simple event tickets deposited on the customers mobile phone to pass the entrance of a concert. On the other hand, they can be used for crowd funding, ownership tracking or even to sell equity of a company in form of stock. Obviously, the regulations that apply to each kind of token vary widely and are often different in every jurisdiction. Hence, BitShares comes with tools that allow issuers to remain compliant with all applicable regulations when issuing assets assuming regulators allow such assets in the first place.

SmartCoins are cryptocurrencies with a value pegged to another asset, like gold or the U.S. dollar. BTS, the core currency of BitShares, always backs 100 percent or more of the value of SmartCoins. Users can also convert SmartCoins to BTS at any moment with the exchange rate from the price feed. SmartCoins are almost always guaranteed to have a value that is at least their face value, with the exception of the most extreme conditions in the market. As a cryptocurrency, SmartCoins are free from restrictions, divisible, and fungible.

BitShares includes a decentralized asset exchange of a high-performance nature. This exchange is capable of handling the same trading volume as the NASDAQ yet settles orders the same second that they are submitted and includes features you want from your trading platform.

While many of the transactions on the BitShares exchange will involve trading SmartCoins, users can trade nearly anything. Provided an asset has enough interest, there are minimal limits to what users can trade. Examples include cryptocurrencies, national currencies, oil, gas, silver, and gold. The exchange has support for assets that track inflation, indexes, bonds, and stocks. Companies even have the ability to issue their own stock using the BitShares network then offer low-cost trading that includes protection from naked shorting.

The Dynamic Account Permissions are a key technology of BitShares. They are the result of BitShares designing permissions based on people as opposed to cryptography. This makes it possible for accounts to be controlled via weighted combinations of private keys and other accounts. The hierarchical structure involved was designed to mimic real-life permissions and allow for simpler multiuser control of funds. It is this multiuser control that dramatically enhances security and can almost completely eliminate risks of hacking-related thefts.

One of the many areas in which BitShares stands out from other smart contract platforms is in its support for scheduled as well as recurring payments. Thanks to this feature, users can set up authorization for a third party to withdrawal from their account given certain limits. It is particularly useful for monthly subscriptions and bills.

Like many other blockchain-based platforms, BitShares offers a referral program with rewards. This advanced referral program is actually built right into the software. As a financial network, it benefits both BitShares and every user on the network if more people use the platform. With the referral program, you can get $80 or more for each Lifetime Member that you get to sign up. Specifically, Lifetime Members will pay $100 and get 80 percent cash back for each fee that they pay. If they refer a Basic Account to the network, they get 80 percent of those fees, as well.