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Bitshares

Bitshares (BTS)

$ 0.00
-2.47 %
Main info
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Comments
Markets
Analytics
Market cap
$3.85M
-2.47 %
Volume (24h)
$83.5K
-2.47 %
Circulating supply
2,995,060,000 BTS
Total supply
2,995,060,000 BTS
Max. supply
3,600,570,502 BTS

About Bitshares

Introduction and Origins

BitShares (BTS) was first introduced in a White Paper titled “A Peer-to-Peer Polymorphic Digital Asset Exchange” by Daniel Larimer, Charles Hoskinson, and Stan Larimer.

It is a brand of open-source software based on the as blockchain technology as used by Bitcoin.

Key Features and Functionality

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.

Each smart coin has at least 100% of its value backed by the BitShares’ native currency, the BTS, which can be converted at any time at an exchange rate set by a trustworthy price feed.

Founder and Ecosystem

Bitshares was created by Dan Larimer, the co-founder of EOS, Steemit, and Cryptonomex.

BitShares also has its own decentralized exchange.

Key data

updated $0
Market cap$3.85M
Volume 24h$83.5K
Circulating supply3B83% of max 3.6B
All-time high$0.92-100% from peak · 2018-01-02

BitShares (BTS) is one of the oldest blockchain platforms, launched back in 2014 with the goal of creating a decentralized exchange and financial ecosystem. In simple terms, it's a network where users can trade assets, issue their own tokens, and hold funds without relying on a central authority. The native coin, ticker BTS, is used to pay fees, vote on network decisions, and secure the system.

Frequently asked questions

What is BitShares and how is it different from other cryptocurrencies?

BitShares is a blockchain platform focused on decentralized trading and asset management, not just payments. Its main distinction is a built-in decentralized exchange (DEX) right in the core protocol, so trading happens on-chain without intermediaries. It was also one of the first projects to popularize the concept of user-issued assets and stablecoins pegged to real-world values.

How does the BitShares network reach consensus?

BitShares uses a Proof-of-Stake consensus mechanism, specifically a delegated variant where BTS holders vote for trusted nodes called witnesses who produce blocks. This makes transactions fast and cheap compared to Proof-of-Work chains. Voting power is proportional to the amount of BTS a user holds.

How is the supply of BTS structured?

BTS has a hard cap of 3,600,570,502 coins, meaning the maximum supply is fixed and no more can ever be created. This scarcity model is built into the protocol itself. New coins were distributed during the network's early development phase, and today the supply is fully determined by that fixed limit.

How can you store and use BTS?

The most common way is the official BitShares wallet, available through the project's site at bitshares.org, which doubles as an interface to the built-in decentralized exchange. BTS is used to pay transaction fees, vote for witnesses and network proposals, and back user-issued assets. Always keep your private keys or brain key backup safe, since there is no central party to recover access.