Decentralized Autonomous Cooperation (DAC)


BitShares Blockchain implements an industrial-grade technology focused on businesses, organizations or individuals, with an amazing eco-system and free-market economy. Based on open-source MIT-licensed Graphene technology, BitShares was launched in its existing form on 13th October 2015, known prior to that as a community project: 'ProtoShares'. Ever since then, the BitShares blockchain and its dApps have been maintained and developed by workers elected via stakeholder consensus, consisting of more than 30 highly skilled professionals.

DPoS Consensus

The DPOS algorithm is divided into two parts: electing a group of block producers and scheduling production.

The election process makes sure that stakeholders are ultimately in control because stakeholders lose the most when the network does not operate smoothly”. Dan Larimer

DPoS (Delegated Proof of Stake) specifically replaces environmentally reckless ‘mining’.


Permissions

The BitShares Blockchain designs permissions around accounts and then cryptography for ease of use

Every account can be controlled by single or weighted combinations of other account/s and/or keys. This creates a hierarchical structure which can be built to reflect real-life permissions – for example a company or organization approval and signing processes in digital form.

Transactions

Any user interacting with a Blockchain does so with transactions which are authentic and authorized.

Transactions are constructed then transmitted to the network, containing instructions the user wants to perform. The most simple form is the transfer operation, which contains sender, receiver, amount, and optionally, encrypted memo.


Token Factory

Create your own cryptocurrency tokens by publically representing and listing a User-Issued Asset on the blockchain

User-Issued Assets enable entrepreneurs to issue their own tokens. Event tickets, company shares, crowd-funding, loyalty/credits are just a few of the examples. Whitelist to create fully regulatory compliant KYC/AML tokens. Publically describe, list, and provide liquidity for your assets.

Extensibility

Operations on the BitShares Blockchain allow for extending its range of functions towards built-in or external dApps.

The BitShares Blockchain is extensively modularized and implements operations independently of one another. BitShares is considered so stable because core blockchain modifications require vetting by the core developer team, followed and approved by BTS holders before any network-wide protocol upgrade.

Identity

Human-readable account names that must be registered together with public-keys in the blockchain prior to usage

The BitShares Blockchain acts as a name-to-public-key resolver in a similar way to the traditional Domain Name Service (DNS). Users can easily remember and pass on their account information instead of error-prone addresses.


More Features of the BitShares industrial grade blockchain:

Processing Speed

Fastest block confirmations. Transactions get written to the blockchain within 3 seconds, and on average in under 1.5 seconds.

Lowest Fees

Like other Blockchains, BitShares also has fees yet they are much lower than average, with 80% vesting cashback for lifetime members.

Recurring and Scheduled Payments

Supports recurring payments, subscription payments, allow users to authorize third parties to make withdrawals within certain limits.

Dynamic Account Permissions

Enabling management for the corporate environment, control wallets using a weighted combination of other account approvals.

Self-Sustaining

Powered by an eco-system of dApps which self-fund the core token BTS, ensuring the blockchain covers costs to keep going in perpetuity.

Security

Delegated Proof of Stake (DPOS) is virtually impossible to hack, as it would involve taking out many active and backup, global, trusted delegates.

Blockchain Activity Matrix
Activity Value Index
# symbol Name Activity
Number of operations on the blockchain during the last 24h (more about it at Blocktivity.info).
Average (7d)
Average number of operation on the blockchain during the last 7 days (more about it at Blocktivity.info).
Record
Absolute transaction / day record (more about it at Blocktivity.info)
Market Cap
In BILLION dollars.
AVI
Activity Valuation Index (AVI) - A ratio of blockchain activity to market cap valuation (more about it at Blocktivity.info).
CUI
Capacity Utilization Index (CUI) - A ratio of blockchain daily activity to total blockchain capacity(more about it at Blocktivity.info).
1
EOS
EOS
43,545,444Op 42,299,033Op 48,521,649Op $ 1.8 B2,330
3.60%
2
WAX
WAX
5,093,622Op 5,200,039Op 6,570,032Op $ 0.046 B10,665gauge
(no data)
3
TRX
TRON
1,553,719Op 1,549,129Op 1,917,924Op $ 0.884 B169gauge
(no data)
4
BTS
BitShares
1,250,039Op 1,166,737Op 6,112,075Op $ 0.101 B1,187
0.10%
5
KIN
Kin
867,917Op 865,084Op 869,972Op $ 0.023 B3,548gauge
(no data)
6
STEEM
Steem
844,131Op 844,131Op 2,522,380Op $ 0.074 B1,096
0.07%
7
BTC
Bitcoin
632,510Op 599,367Op 773,837Op $ 61 B1.0
0.07%
8
ETH
Ethereum
531,630Op 534,878Op 1,372,918Op $ 9.4 B5gauge_ut
100% blockchain capacity + 82,188 Unconfirmed Transactions
9
WAVES
Waves
72,128Op 50,724Op 6,141,108Op $ 0.199 B35gauge
(no data)
10
KMD
Komodo
69,004Op 66,782Op 115,625Op $ 0.064 B104
0.01%
11
ETC
EthereumClassic
49,713Op 49,623Op 106,666Op $ 0.417 B11
2.88%
12
DOGE
Dogecoin
31,092Op 35,017Op 88,928Op $ 0.248 B12
1.09%
13
VET
VeChain
24,415Op 12,999Op 24,488Op $ 0.207 B11gauge
(no data)
14
LTC
Litecoin
21,963Op 22,205Op 226,968Op $ 1.5 B1
0.91%
15
BCH
BitcoinCash
12,614Op 6,965Op 1,734,766Op $ 1.8 B0.7
0.52%
16
NANO
Nano
12,304Op 35,046Op 99,729Op $ 0.113 B10gauge
(no data)
17
DASH
Dash
9,277Op 10,575Op 3,030,402Op $ 0.557 B2
0.77%
18
XMR
Monero
4,023Op 4,053Op 10,914Op $ 0.731 B0.5
0.05%
19
ZEC
Zcash
3,196Op 3,138Op 19,054Op $ 0.302 B1
0.53%
20
SCR
ScorumCoins
3,099Op 3,207Op 22,822Op $ 0.003 B95
0.00%

Visit Blocktivity.info for more information and analysis.
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