BitShares (CURRENCY:BTS) traded down 1.4% against the US dollar during the 24 hour period ending at 20:00 PM E.T. on June 15th. One BitShares coin can now be purchased for about $0.0222 or 0.00000237 BTC on popular exchanges including Tidex, Livecoin, BitShares Asset Exchange and ZB.COM. BitShares has a market cap of $61.17 million and approximately $10.86 million worth of BitShares was traded on exchanges in the last day. Over the last seven days, BitShares has traded down 0.9% against the US dollar.
Here is how other cryptocurrencies have performed over the last day:
- Cardano (ADA) traded up 1.6% against the dollar and now trades at $0.0776 or 0.00000825 BTC.
- Ontology (ONT) traded down 2.5% against the dollar and now trades at $0.54 or 0.00005713 BTC.
- BitBay (BAY) traded 25.1% lower against the dollar and now trades at $0.27 or 0.00002898 BTC.
- OmiseGO (OMG) traded 15.7% higher against the dollar and now trades at $1.74 or 0.00017117 BTC.
- OMG Network (OMG) traded 4.3% lower against the dollar and now trades at $1.50 or 0.00015980 BTC.
- Qtum (QTUM) traded 3.7% lower against the dollar and now trades at $1.66 or 0.00017677 BTC.
- Velas (VLX) traded 1.4% higher against the dollar and now trades at $0.0871 or 0.00000926 BTC.
- Mixin (XIN) traded up 0.9% against the dollar and now trades at $151.89 or 0.01615215 BTC.
- Divi (DIVI) traded 4.2% lower against the dollar and now trades at $0.0394 or 0.00000419 BTC.
- Ardor (ARDR) traded down 2.6% against the dollar and now trades at $0.0524 or 0.00000558 BTC.
BitShares Coin Profile
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 bought or sold on these cryptocurrency exchanges: CoinTiger, Tidex, Gate.io, CoinEgg, RuDEX, ZB.COM, Binance, Indodax, Livecoin, BitShares Asset Exchange, Huobi, Poloniex, YoBit, LBank, CryptoBridge, EXX, Crex24, BigONE, OpenLedger DEX, RightBTC and HitBTC. It is usually not currently possible to buy alternative cryptocurrencies such as BitShares directly using US dollars. Investors seeking to acquire BitShares should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy BitShares using one of the aforementioned exchanges.
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