BITSHARES BTS WHAT IS ?

What is BitShares (BTS)?

– What is this virtual currency’s most recent market cap?

BitShares: $805,730,926 USD (Source: https://coinmarketcap.com/currencies/bitshares/ )

– What kind of virtual currency is this?

BitShares: It’s an open-source, public, blockchain-based, real-time financial platform, as used by Bitcoin.

– What is this virtual currency primarily used for?

BitShares: It provides a decentralised asset exchange – similar to NYSE but for cryptocurrencies and without the need to trust a central authority to handle all the funds – that facilitates trading using an international network of computers, in which anyone can take part. BitShares also provides a cryptocurrency token called "BTS", which can be transferred between accounts and is used to collect fees for network operations and as a collateral for loans. (Source: https://en.wikipedia.org/wiki/BitShares )

– When was this virtual currency first introduced?

BitShares: June 1, 2012.

– What is the history of this virtual currency?

BitShares: BitShares (BTS) is a brand of open-source software based on the as blockchain technology as used by Bitcoin. Unlike bitcoins, which do not produce any income for their owners, BitShare can be used to launch Decentralized Autonomous Companies (DACs) which issue shares, produce profits and distribute profits to shareholders. As such, BitShares is about making profitable companies that people want to own shares in, thus creating return for the shareholders. The first DAC launched by this proces was called BitSharesX, a decentralized asset exchange based in Hong Kong. BitShares was originally launched under the name of ProtoShares (PTS); it was later renamed to BitShares (PTS) and "reloaded" in November 2014 by merging several products into BitShares (BTS). (Source: http://cryptocoin.cc/table.php?cryptocoin=bitshares )