BitShares (CURRENCY:BTS) traded up 10.5% against the U.S. dollar during the 24 hour period ending at 9:00 AM E.T. on May 27th. One BitShares coin can currently be bought for $0.0711 or 0.00000807 BTC on popular cryptocurrency exchanges including ZB.COM, Binance, RightBTC and Crex24. Over the last seven days, BitShares has traded up 8.8% against the U.S. dollar. BitShares has a total market capitalization of $193.42 million and $21.49 million worth of BitShares was traded on exchanges in the last day.
Here’s how other cryptocurrencies have performed over the last day:
- Cardano (ADA) traded 9.6% higher against the dollar and now trades at $0.0871 or 0.00000989 BTC.
- Ontology (ONT) traded up 8.5% against the dollar and now trades at $1.44 or 0.00016382 BTC.
- Qtum (QTUM) traded 9.9% higher against the dollar and now trades at $3.16 or 0.00035867 BTC.
- OmiseGO (OMG) traded up 8.6% against the dollar and now trades at $2.15 or 0.00024374 BTC.
- Mixin (XIN) traded 9.9% higher against the dollar and now trades at $243.97 or 0.02770271 BTC.
- Ardor (ARDR) traded up 5% against the dollar and now trades at $0.0846 or 0.00000960 BTC.
- Theta Fuel (TFUEL) traded 9.2% lower against the dollar and now trades at $0.0170 or 0.00000193 BTC.
- Wanchain (WAN) traded up 1.6% against the dollar and now trades at $0.42 or 0.00004713 BTC.
- Particl (PART) traded 1.3% lower against the dollar and now trades at $4.12 or 0.00046834 BTC.
- Mithril (MITH) traded 1.2% lower against the dollar and now trades at $0.0548 or 0.00000622 BTC.
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. “
Buying and Selling BitShares
BitShares can be traded on the following cryptocurrency exchanges: RightBTC, RuDEX, CoinEgg, CryptoBridge, CoinTiger, BitShares Asset Exchange, Tidex, Binance, Livecoin, HitBTC, LBank, Gate.io, Indodax, Poloniex, EXX, OpenLedger DEX, ZB.COM, BigONE, YoBit, Crex24 and Huobi. It is usually not presently 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, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy BitShares using one of the exchanges listed above.
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