What Is BitShares (BTS)? BitShares is a cryptocurrency token platform that wants to disrupt enterprise with blockchain

What Is BitShares (BTS)?

BitShares (BTS) is an industrial-grade blockchain platform focused on enterprise use cases for retailers, manufacturing, transportation, and more. It’s also focused on government regulatory compliance, by allowing security tokens to be easily issued and registered on its platform. All on-platform tokens are inevitably exchangeable for BTS tokens.

Who Is BitShares?

BitShares was initially created in 2014 by Dan Larimer before he moved on to Steem and eventually EOS. Each year so far, the BitShares Blockchain Foundation was elected as official and sole spokesperson and public face of the network.

Use Cases of BitShares

BitShares makes cryptocurrency exchanges and other crosschain interoperability possible. The company is targeting the project to any enterprise usage, from customer-facing to back-end operations, executive management, and more.

How to Mine BTS

BTS isn’t mined – it’s earned through a delegated Proof-of-Stake (dPoS) interest scheme. Nodes are delegated by the community to process and verify transactions to generate coins. Rewards are then distributed throughout the community based on BTS balances.

Notable Partnerships and Investors

BitShares is partnered with Microsoft Azure’s Blockchain as a Service (BaaS) marketplace. This makes it easier to gain enterprise recognition and adoption.

Learn More About BitShares

If you want to learn more about BitShares, I wrote a full coin intro guide at Crypto Briefing. Or you can learn more about other cryptocurrencies across Thought for Your Penny.

Versability

Brian Penny is a former Business Analyst and Operations Manager at Bank of America turned whistleblower, troll, and freelance writer.

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