A revolution in banking
It’s all about digital… the BitShares Blockchain is setting new standards for all kind of financial services. Based on blockchain technology, the platform was developed for the financial industry, and it is open to everyone.
It allows for frictionless and lightning fast global payments with at least 3,300 transactions per second. Programmable digital assets can be traded freely and without counterparty risk. It is easy to handle and top secure.
As a core payment and clearing system with an integrated digital asset exchange at heart, the platform allows for numberless financial services all of which are connected by one shared ledger.
Features like exchange, transfer, settlement, payment requests and digital asset creation are available through our application programming interface (API).
The BitShares Blockchain outperforms outdated traditional payment engines
Taking a close look at the infrastructure traditionally used to move huge amounts of money around the world every day, it reveals that it is unreliable, slow and intransparent.
The BitShares Blockchain instead, relies on a blockchain based system engineered to meet today’s global demands of the digital economy thus connecting financial institutions and individuals. They all enter one shared global financial ecosystem in order to create values, effect payments or trade assets on the internal exchange.
The platform supports a wide range of token classes including user issued assets and price stable crypto currencies called SmartCoins. Latter are designed to be pegged to real- life currencies or assets introducing fiat like currencies on a blockchain.
Plug & Play – The BitShares Blockchain for all kind of financial services
The BitShares Blockchain combines multiple financial service features on a distributed ledger, which can be used by everyone. Right from the beginning, the BitShares Blockchain has been tailored to the needs of the financial industry. On this level, it provides a peer-to-peer network where users can create tokens for various digital assets, transfer them and trade on the shared decentralized asset exchange.
Other than with traditional stock exchanges like NYSE however, there is no need to trust a central authority. Creation, transfer, trade and settlement are individual smart contracts automatically enforced by the blockchain.
BitShares’ core token BTS (bitshares) is traded as a native crypto currency. BTS are required to pay network fees and can be used as collateral for market pegged assets. The blockchain is charging BTS for all operations and executed smart contracts.
The BitShares Blockchain is the first Decentralized Autonomous Company (DAC). Pioneering the industry with the consensus algorithm “delegated proof of stake” (DPoS), BitShares Blockchain is governed directly by elected representatives. Everybody who holds BTS tokens can call their vote in the real-time BitShares Governance.
SmartCoins
Unlike all other financial platforms that exchange debt in form of “I owe you” IOU, the BitShares Blockchain allows for exchanging collateralized digital assets or full money: SmartCoins.
The BitShares ecosystem issues and provides SmartCoins with BTS (bitshares) being the native currency. Deposited as collateral, BTS backs stable cryptocurrencies and other financial products. Thus SmartCoin tokens like bitUSD, bitCNY or bitGold are 200% BTS backed. They can freely be exchanged and the blockchain enforces that 100% of the collateral value can be redeemed at any time.
The BTS backed coins redefine money and are in strong contrast to today’s fractional reserve banking and debt economy. All in all, BitShares is a fully-fledged exchange and financial ecosystem with collateralized tokens tied to real-life assets.
Discover new business models using the BitShares Blockchain
There are endless possibilities of using the BitShares platform for your application and services. Smart contracts are used to create Smartcoins like BitUSD, BitCNY or BitAAPL. Enforced by the blockchain, they are tied to the value of real-life underlyings like currencies, commodities or derivates of all kind, thus enabling financial institutions to build new blockchain based payment systems with stable assets. There is no need to sell assets quickly only to avoid a volatile performance of the crypto currency which would be typical for first-generation crypto currencies.
With all of that, there are sheer endless ways of using BitShares for financial applications and services with considerably low fees and no counterparty risk incurred.
A smart toolkit for developers to build their own financial service
The BitShares Blockchain is more than a new payment system. The open source blockchain platform can be used as a smart toolkit with all necessary features for innovators to create their own financial service according to their individual needs and preferences.
Amongst others, the wide range of financial instruments covers currencies, stocks, bonds, derivates, global peer-to-peer payments, micro transactions, recurring payments, escrow features or crowdfunding.
All kind of new and individual vehicles, currencies or tokens may be issued and traded due to the architecture of the BitShares Blockchain as a decentralized exchange with shared order books and instant settlement.
All it takes is to join the community, connect one’s business, and benefit from a shared financial infrastructure designed for the digital economy.