BitShares

A blockchain of great renown, BitShares is its name. It&#39;s a platform that&#39;s been around and it&#39;s here to stay. It&#39;s a decentralized system, Where trust is the key. It&#39;s a place where you can find freedom and security. It&#39;s a place where you can trade and make transactions with ease. It&#39;s a place where you can be sure your funds are safe and secure. It&#39;s a place where you can invest and reap the rewards. It&#39;s a place where you can find the best of what the world has to offer. It&#39;s a place where you can find the power of the blockchain. It&#39;s a place where you can trust that your money is safe and sound. It&#39;s a place where you can find the future of finance. It&#39;s a place where you can trust that your investments will pay off.It is the final battle between the national fiat currencies, cryptocurrencies, and Central Bank Digital Currencies (CBDCs); resistance and usage is the real measurement of the success.<a href="https://bitsharesgroup.org" rel="noopener noreferrer nofollow">BitShares Group</a> further extend the framework of BitShares Blockchain to understand the role of stablecoins in currency competition, and study the effects of currency competition and cryptocurrencies over financial innovation and financial technology in order to lead the development of currency and payment digitization, while providing insights into the battle of currencies and the future of money.It is fact that the rise of cryptocurrencies hurts stronger fiat currencies, but can benefit weaker fiat currencies by reducing competition from stronger ones. Countries strategically are implementing CBDCs in response to competition from emerging cryptocurrencies and other currencies. Countries with strong but non-dominant currencies have the highest incentives to launch CBDCs to gain technological first-mover advantage; countries with the strongest currencies are the next in line to benefit from developing CBDC early on to nip cryptocurrency growth in the bud and to counteract competitors’ CBDCs; nations with the weakest currencies forgo implementing CBDCs and adopt cryptocurrencies instead. BitShares Group is focusing of making BitShares Blockchain the best eco-system to host the future money by:1. Increased Transparency: BitShares Blockchain technology provides a much higher level of transparency than central banks, as all transactions are recorded on a public ledger and can be easily tracked and verified. This makes it easier to detect and prevent fraud and other financial crimes. 2. Faster Transactions: BitShares Blockchain technology allows for faster transactions than traditional banking systems, as transactions are processed almost instantly. This means that payments can be made quickly and securely, without the need for lengthy paperwork or waiting times. 3. Lower Costs: BitShares blockchain technology eliminates the need for third-party intermediaries, it reduces the cost of transactions significantly. This makes it more affordable for businesses and individuals to make payments and transfers. 4. Improved Security: BitShares Blockchain technology is highly secure, as it uses advanced cryptography to protect data and transactions. This makes it much harder for hackers to access sensitive information or steal funds. 5. Decentralized System: Unlike central banks, BitShares blockchain technology is decentralized, meaning that no single entity has control over the network. This makes it more resilient to external threats and manipulation.BitShares Blockchain is a decentralized “Blockchain As Organization” (BAO); an industrial-grade decentralized Web 3.0 platform built to run high-performance financial means and smart contracts. It represents the first decentralized autonomous community that enables its core token holders to decide its future direction along with financial technology products.BitShares core asset BTS is a utility which is needed to submit transactions at BitShares Blockchain; it is also used for BitShares Blockchain development purposes; while BTS asset holders are in power to manage and develop BitShares Blockchain and influence its future using several decentralized Blockchain integrated built-in functions and tools such as worker system (Built-in HR system), committee members and Blockchain witnesses voting system.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.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.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.BitShares Blockchain enables several decentralized financial technology innovations and functions such as:- Decentralized Exchange (DEX).- Decentralized User Issued Asset (UIA).- Decentralized Market Pegged Asset (MPA) or Smart Assets (Smart Contracts).- Decentralized Finance (DeFi).- Decentralized Liquidity Pools (LP) and Automated Market Maker (AMM).- Decentralized Prediction Market Engine.Corporate shares are heavily regulated by the SEC, but none of those regulations prevent them from being issued or traded on an alternative trading system. The regulations in many jurisdictions require all shares to be registered (aka held by known identities). The BitShares blockchain corporate shares can be used as collateral for a bond or be used in any number of smart contracts.Event tickets are a largely unregulated use case for user-issued assets. Tickets to a school play could be issued as digital tokens that are auctioned off to the highest bidder, who would then resell them. This ensures that the ticket issuer raises as much money as possible up front, while transferring the risk of ticket sales on to speculators.Software and music licenses can be made transferable by issuing them as a digital asset. Every copy of a program can check to make sure that the user has control of a token before running. Software implementing such a licensing scheme can remain functional even if the company that produced the license goes out of business.Liquidity Pool is an asset that can be created by any user in order to automate market making for a pair of two different assets; one of those assets might be BTS while the other can be any other users issued assets; creator of the asset “liquidity pool” cannot issue from “liquidity pool” asset to any user directly; Blockchain will be issuing “liquidity pool” assets to associated users who had deposited into the “liquidity pool”; the first “liquidity pool” deposit which must be done by “liquidity pool” creator would determine the starting price of “liquidity pool”, its the price of next exchange between both of assets within liquidity pool; next price of liquidity pool would be changing automatically, any user who has balance from both of assets of the liquidity pool can deposit in liquidity pool in regards to liquidity pool’s price, users on BitShares can exchange with the liquidity pool as if its a market, to sell/buy and can stake their liquidity as deposit and withdraw them including a “shared revenue” of the liquidity pool, assets in liquidity pool doesn’t belong to “liquidity pool” creator; hence “liquidity pool” creator can delete liquidity pool ONLY in case its empty and can only decide taker/maker % while creating it but cannot change them after creating the liquidity pool.<h2 id="header-0">For More Information</h2>Official GitHub Website: <a href="https://bitshares.github.io/" rel="noopener noreferrer nofollow">https://bitshares.github.io</a>Official GitHub Repositories: <a href="https://github.com/bitshares" rel="noopener noreferrer nofollow">https://github.com/bitshares</a>Official Telegram Group: <a href="https://t.me/BitSharesGroup" rel="noopener noreferrer nofollow">https://t.me/BitSharesGroup</a>Official Development Telegram Group: <a href="https://t.me/BitSharesDEV" rel="noopener noreferrer nofollow">https://t.me/BitSharesDEV</a>BitShares Reference Wallet: <a href="https://bts.exchange/" rel="noopener noreferrer nofollow">https://bts.exchange</a>

BitShares Blockchain and The Final Battle of Currencies

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BitShares

Alte articole publicate pe 24 feb. 2023

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