Nowadays, it is hardly possible to find someone who has not heard of Bitcoins. Although the popularity of the Bitshares cryptocurrency is not so widespread, it is worth paying attention to. So let’s compare the main features to see who wins the fight, if Bitcoin meets Bitshares in the ring.
Table of Contents
BitShares features
It should be mentioned that Bitshares (BTS) is something like a multitool which has combined such concepts as cryptocurrency, exchange, bank and software.
BitShares cryptocurrency uses blockchain-based software protocols similar to Bitcoin. Unlike Bitcoin, the holders of these electronic currencies cannot receive any profit from their savings. But in the BTS service, each user can use a coin to launch decentralized companies on autonomous platforms that use specialized shares.
The total amount of income is equally divided between coin holders, which leads to an increased demand for this cryptocurrency and completely reduces the number of transactions for the exchange or sale of cryptocurrency.
BitShares benefits
This cryptocurrency is considered a brand with a transparent and very accessible software algorithm that works thanks to the blockchain. Unlike Bitcoin, BitShare does not use proof of transactions, but proof of the total rate, which allows miners not to be involved in the system. Autonomous companies of a decentralized type run software algorithms. These companies have the following characteristics:
- give out shares;
- able to create gross income;
- distribute profits among all network users.
Now there is no need to entrust the work to third parties, since all functions are perfectly performed by the software.
BTS Characteristics
- Speed and throughput: BitShares blockchain can process hundreds of thousands of transactions per second;
- Having its own decentralized exchange with BTS tokens;
- Affiliate program to attract new users; the ability to create your own tokens;
- Financing of projects based on BitShares from the company’s fund;
- The ability to create a “personalized” wallet, instead of the usual digits and letters.
- BitShares Smart Coins are tokens that have their own value, which algorithmically adjusted to the accuracy of certain assets, such as the US dollar, precious metal or company shares.
Comparison of BitShares and Bitcoin
Main distinguishing characteristics:
- BitShares is a whole ecosystem, while Bitcoin is a cryptocurrency;
- Bitcoin does not need the approval of third parties absolutely, like BitShares, but unlike Bitcoin, additional parameters can be set in this system, in particular, StableCoins;
- blocks in BitShares arrive several times faster than in the competitor’s system and the average waiting time for a new block is only 10 minutes;
- BitShares constantly maintains all assets that are tied to the market today, while the competitor simply ignores these user requests;
- BitShares operating protocols are much safer than Bitcoin, which ensures the security of the data of all users of the system, without exception.
BitShares is a fairly young cryptocurrency. It has been operating since 2015, but is already one of the thirty largest digital assets in the world. At the time of the beginning of its existence, one token cost less than a cent, now the currency has grown significantly in price and will continue to grow, according to the opinions of experts.
If you nevertheless decide for yourself that long-term investment is not for you, the BTS for BTC exchange can be carried out on almost any large and reliable exchanges in a matter of minutes.
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