1. Symbol and Name
BTS - Core token of the BitShares Blockchain
2. Project Introduction
The BitShares blockchain is an industrial-grade decentralized platform built for high-performance smart contracts with a focus on the financial technologies sector. Any individual or organization can freely transfer, borrow, trade and create custom tokens on this platform. It also offers a low cost, decentralized, high-performance cryptocurrency exchange, including payment gateways, direct debit and token management platforms, including atomic cross chain swaps.
BitShares invented the MPA (Market Pegged Asset, or Smart Coins), like BitUSD (1 BitUSD= 1 USD), with has at least 1.6 times its value in BTS as collateral backing (at the time of writing, the actual ratio is a blockchain parameter). Smart Coins are set in place that automatically trigger margin calls to guarantee sufficient collateralization. In the process of providing high liquidity in blockchain assets, MPA's also has the advantage of ensuring stability of value, making it suitable for payment and trading scenario.
The BitShares technology is extended to areas outside finance, such as gaming, music, and social media. BitShares represents the first decentralized autonomous cooperation (DAC), which provides a high level of service quality at a lower cost than traditional centralized entities.
The BitShares blockchain has the fastest transaction confirmation speed, and the largest transaction capacity amongst public blockchains. Stress tests have proven that the BitShares Blockchain can support 3,300 transactions per second (TPS) and a total of 22,000 operations a second, while its potential TPS is 100,000. As a reference, all VISA transactions can be handled by roughly 1800 TPS.
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. Huobi does not take responsibility for any resulting direct or indirect losses.
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