Decentralized Autonomous Cooperation (DAC)


BitShares implements an industrial-grade Blockchain focused on enabling businesses, organizations or individuals, to join an eco-system and free-market economy. Based on Graphene, an open-source technology framework under MIT license. BitShares is the first implementation, and original Decentralized Autonomous Cooperation, (DAC) that lets holders of its core native token BTS, decide on aspects of its future direction and governance. Created by Dan (“Bytemaster”) Larimer, BitShares was launched in its existing form on 13th October 2015, and was around prior to that as a community project, ‘protoshares’ since 2013.

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
WAX
WAX
5,701,569Op 5,096,880Op 5,715,450Op $ 0.084 B10,352gauge
(no data)
2
EOS
EOS
4,874,263Op 4,995,469Op 10,111,725Op $ 4.2 B178
0.40%
3
BTS
BitShares
2,186,358Op 2,296,620Op 6,112,075Op $ 0.193 B1,733
0.18%
4
BCH
BitcoinCash
1,007,813Op 190,988Op 1,734,766Op $ 6.8 B23
41.66%
5
TRX
TRON
921,852Op 1,162,801Op 1,439,904Op $ 1.2 B113gauge
(no data)
6
STEEM
Steem
837,037Op 934,136Op 2,522,380Op $ 0.172 B743
0.07%
7
BTC
Bitcoin
635,074Op 680,603Op 773,837Op $ 97 B1.0
0.07%
8
ETH
Ethereum
507,768Op 553,921Op 1,372,918Op $ 18 B4gauge_ut
100% blockchain capacity + 76,104 Unconfirmed Transactions
9
KIN
Kin
223,474Op 205,804Op 229,386Op $ 0.028 B1,201gauge
(no data)
10
KMD
Komodo
60,410Op 63,976Op 115,625Op $ 0.102 B91
0.00%
11
WAVES
Waves
52,371Op 43,167Op 6,141,108Op $ 0.150 B53gauge
(no data)
12
ETC
EthereumClassic
40,117Op 43,230Op 106,666Op $ 0.797 B8
2.32%
13
DOGE
Dogecoin
32,311Op 31,392Op 88,928Op $ 0.306 B16
1.13%
14
LTC
Litecoin
24,040Op 25,653Op 226,968Op $ 2.5 B1
0.99%
15
NANO
Nano
11,515Op 16,027Op 99,729Op $ 0.190 B9gauge
(no data)
16
SCR
ScorumCoins
9,786Op 10,415Op 15,934Op $ 0.003 B471
0.00%
17
DASH
Dash
9,415Op 9,553Op 3,030,402Op $ 1.1 B1
0.78%
18
XMR
Monero
3,993Op 4,355Op 10,914Op $ 1.5 B0.4
0.05%
19
ZEC
Zcash
2,953Op 3,380Op 19,054Op $ 0.588 B0.8
0.49%

Visit Blocktivity.info for more information and analysis.
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