What is BitShares (BTS) in India?
BitShares is an open-source, public, blockchain-based real-time financial platform that provides a built-in decentralized asset exchange. Without any central authority to handle all the funds, It executes transactions using an international network of computers in which anyone can take part. Buy BitShares (BTS) India with BuyBitcoin.
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. The platform was designed by Daniel Larimer, an American programmer and entrepreneur, and launched in July 2014. Since March 2016 the project has been a part of Microsoft Azure Blockchain as a Service package.
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History of BitShares
Dan Larimer an Entrepreneur has discovered a way of creating a fiat/Bitcoin exchange without fiat deposits by introducing a token that is backed by another token on the same blockchain On June 2nd, 2013. While discussing this concept with other crypto-enthusiasts on various Internet forums, He introduced his ideas to Charles Hoskinson, a co-founder of Ethereum, who helped to vet the idea and develop a business plan.
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They both presented the plan to Li Xiaolai, a Chinese Bitcoin tycoon, who agreed to fund the development. On 4th of July and they have founded a company named Invictus Innovations. A few months later, In October 2013 Hoskinson and Larimer presented the concept of BitShares at the Atlanta Bitcoin Conference.
Features of BitShares
Features that distinguish it from other cryptocurrencies.
- Price-Stable Cryptocurrencies:
SmartCoins provide the freedom of cryptocurrency with the stability of the dollar.
- Decentralized Asset Exchange:
A fast and fluid trading platform with Flexible withdrawal permissions
- Industrial Performance and Scalability:
Over 100,000 transactions per second. A user can do Recurring and Scheduled Payments
- Dynamic Account Permissions:
Management of the corporate environment. User-Issued Assets: Regulation-compatible crypto asset issuance. Transferable Named Accounts and Delegated Proof-of-Stake Consensus.
Future of BitShares
BTS is built on top of the Graphene high-performance blockchain, which means that it is capable of maintaining the current transaction speed of up to 3 seconds and up to 100,000 transaction per second in the future. This incredible performance capability allows BTS the throughput to successfully take market share from the traditional fiat financial platform and banking sector.
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How to buy BitShares (BTS) India directly in INR?
You can buy BitShares from BuyBitcoin. BuyBitcoin is the Indian exchange listing the maximum number of cryptocurrencies.
- You can buy/sell and trade 25+ coins which are listed on the platform.
- Live trading 24/7 with zero buy-sell price difference.
- Open order book support, so you can set your buy and sell orders at a rate different from the market.
- Secured with utmost standard of the industry.
- Our 24/7 customer support team is always there to help you out.