BitShares (BTS) One Day Volume Hits $2.81 Million

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BitShares (CURRENCY:BTS) traded up 5.5% against the U.S. dollar during the twenty-four hour period ending at 21:00 PM Eastern on July 18th. One BitShares coin can currently be purchased for $0.0451 or 0.00000424 BTC on popular cryptocurrency exchanges including Tidex, BigONE, Gate.io and Crex24. BitShares has a market cap of $123.25 million and $2.81 million worth of BitShares was traded on exchanges in the last 24 hours. During the last week, BitShares has traded down 8.8% against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last 24 hours:

  • Cardano (ADA) traded 4.8% higher against the dollar and now trades at $0.0586 or 0.00000551 BTC.
  • Ontology (ONT) traded up 11.1% against the dollar and now trades at $0.95 or 0.00008977 BTC.
  • Qtum (QTUM) traded up 10.8% against the dollar and now trades at $3.11 or 0.00029311 BTC.
  • OmiseGO (OMG) traded up 7.2% against the dollar and now trades at $1.52 or 0.00014308 BTC.
  • Mixin (XIN) traded up 3.2% against the dollar and now trades at $203.05 or 0.01910667 BTC.
  • Ardor (ARDR) traded up 6.1% against the dollar and now trades at $0.0654 or 0.00000615 BTC.
  • Apollo Currency (APL) traded up 0.8% against the dollar and now trades at $0.0025 or 0.00000023 BTC.
  • ContentBox (BOX) traded up 15.2% against the dollar and now trades at $0.0319 or 0.00000300 BTC.
  • Theta Fuel (TFUEL) traded up 3.8% against the dollar and now trades at $0.0072 or 0.00000067 BTC.
  • Wanchain (WAN) traded 6.1% higher against the dollar and now trades at $0.25 or 0.00002393 BTC.

BitShares Coin Profile

BitShares (CRYPTO:BTS) is a proof-of-stake (PoS) coin that uses the SHA-512 hashing algorithm. Its launch date was November 5th, 2014. BitShares’ total supply is 2,734,490,000 coins. The Reddit community for BitShares is /r/bitshares and the currency’s Github account can be viewed here. The official website for BitShares is bitshares.org. BitShares’ official Twitter account is @_bitshares and its Facebook page is accessible here. The official message board for BitShares is bitsharestalk.org.

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. “

BitShares Coin Trading

BitShares can be purchased on these cryptocurrency exchanges: OpenLedger DEX, Poloniex, Livecoin, CoinTiger, Tidex, Binance, RightBTC, Huobi, HitBTC, RuDEX, BigONE, Indodax, ZB.COM, CoinEgg, Gate.io, CryptoBridge, YoBit, BitShares Asset Exchange, EXX, Crex24 and LBank. 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 Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy BitShares using one of the aforementioned exchanges.

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