BitShares is a decentralized platform that aims to establish a more efficient worldwide payment network. It's widely used for safely trading cryptocurrencies without the use of middlemen.
The BitShares (BTS) token powers the platform, which can be used for a range of things, including the production of smartcoins known as "BitAssets," which can have a variety of attributes and represent nearly anything — such as reward points, collateralized fiat-pegged tokens, and IOUs.
The BitShares platform is run by a decentralized autonomous business (DAC), giving BTS token holders control over the network's future and which features to add next. The BitShares blockchain was the first to use a Delegated Proof-of-Stake (DPoS) consensus method, which allows token holders to vote on whether or not to accept a transaction.
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