BitShares (BTS) Price Reaches $0.0364 on Major Exchanges

BitShares (CURRENCY:BTS) traded down 16% against the U.S. dollar during the 24 hour period ending at 20:00 PM ET on December 6th. BitShares has a market capitalization of $97.37 million and approximately $6.20 million worth of BitShares was traded on exchanges in the last 24 hours. One BitShares coin can now be bought for $0.0364 or 0.00001058 BTC on major exchanges including YoBit, Huobi, Livecoin and CryptoBridge. Over the last seven days, BitShares has traded down 26.8% against the U.S. dollar.

Here is how other cryptocurrencies have performed over the last 24 hours:

  • Cardano (ADA) traded down 13.1% against the dollar and now trades at $0.0300 or 0.00000867 BTC.
  • OmiseGO (OMG) traded 11.2% lower against the dollar and now trades at $1.22 or 0.00035300 BTC.
  • Ontology (ONT) traded down 19.2% against the dollar and now trades at $0.54 or 0.00015718 BTC.
  • Qtum (QTUM) traded down 13% against the dollar and now trades at $1.63 or 0.00047019 BTC.
  • Ardor (ARDR) traded down 13.9% against the dollar and now trades at $0.0520 or 0.00001513 BTC.
  • Wanchain (WAN) traded 13% lower against the dollar and now trades at $0.34 or 0.00009739 BTC.
  • Mithril (MITH) traded 10.3% lower against the dollar and now trades at $0.0832 or 0.00002406 BTC.
  • Mixin (XIN) traded 17.7% lower against the dollar and now trades at $58.25 or 0.01682158 BTC.
  • Dropil (DROP) traded 9.5% lower against the dollar and now trades at $0.0011 or 0.00000031 BTC.
  • Particl (PART) traded 11.8% lower against the dollar and now trades at $1.93 or 0.00055681 BTC.

BitShares Coin Profile

BTS is a proof-of-stake (PoS) coin that uses the SHA-512 hashing algorithm. Its launch date was November 5th, 2014. BitShares’ total supply is 2,677,390,000 coins. BitShares’ official message board is bitsharestalk.org. The Reddit community for BitShares is /r/bitshares and the currency’s Github account can be viewed here. BitShares’ official website is bitshares.org. BitShares’ official Twitter account is @_bitshares and its Facebook page is accessible here.

According to CryptoCompare, “Delegated Proof-of-Stake Consensus Delegated Proof of Stake (DPOS) is a new method of securing a crypto-currency’s network. DPOS attempts to solve the problems of both Bitcoin’s traditional Proof of Work system, and the Proof of Stake system of Peercoin and NXT. DPOS implements a layer of technological democracy to offset the negative effects of centralization. Delegated proof of stake mitigates the potential negative impacts of centralization through the use of witnesses (formaly called delegates). A total of N witnesses sign the blocks and are voted on by those using the network with every transaction that gets made. By using a decentralized voting process, DPOS is by design more democratic than comparable systems. Rather than eliminating the need for trust all together, DPOS has safeguards in place the ensure that those trusted with signing blocks on behalf of the network are doing so correctly and without bias. Additionally, each block signed must have a verification that the block before it was signed by a trusted node. DPOS eliminates the need to wait until a certain number of untrusted nodes have verified a transaction before it can be confirmed. This reduced need for confirmation produces an increase in speed of transaction times. By intentionally placing trust with the most trustworthy of potential block signers, as decided by the network, no artificial encumbrance need be imposed to slow down the block signing process. DPOS allows for many more transactions to be included in a block than either proof of work or proof of stake systems. DPOS technology allows cryptocurrency technology to transact at a level where it can compete with the centralized clearinghouses like Visa and Mastercard. Such clearinghouses administer the most popular forms of electronic payment systems in the world. In a delegated proof of stake system centralization still occurs, but it is controlled. Unlike other methods of securing cryptocurrency networks, every client in a DPOS system has the ability to decide who is trusted rather than trust concentrating in the hands of those with the most resources. DPOS allows the network to reap some of the major advantages of centralization, while still maintaining some calculated measure of decentralization. This system is enforced by a fair election process where anyone could potentially become a delegated representative of the majority of users. “

BitShares Coin Trading

BitShares can be purchased on the following cryptocurrency exchanges: Gate.io, ZB.COM, CryptoBridge, Tidex, YoBit, CoinTiger, Binance, OpenLedger DEX, EXX, Crex24, Indodax, BigONE, RightBTC, CoinEgg, RuDEX, BitShares Asset Exchange, LBank, Huobi, HitBTC, Poloniex and Livecoin. It is usually not currently possible to buy alternative cryptocurrencies such as BitShares directly using U.S. dollars. Investors seeking to acquire BitShares should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy BitShares using one of the aforementioned exchanges.

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