BitShares (CURRENCY:BTS) traded 1.5% higher against the US dollar during the one day period ending at 11:00 AM E.T. on December 3rd. During the last seven days, BitShares has traded down 1.8% against the US dollar. BitShares has a total market cap of $55.87 million and $1.63 million worth of BitShares was traded on exchanges in the last 24 hours. One BitShares coin can now be purchased for about $0.0203 or 0.00000275 BTC on major exchanges including RuDEX, BitShares Asset Exchange, EXX and Tidex.
Here is how other cryptocurrencies have performed during the last 24 hours:
- Cardano (ADA) traded up 1.3% against the dollar and now trades at $0.0384 or 0.00000520 BTC.
- Ontology (ONT) traded up 0.8% against the dollar and now trades at $0.62 or 0.00008398 BTC.
- Qtum (QTUM) traded 0.7% higher against the dollar and now trades at $1.77 or 0.00023903 BTC.
- PRIZM (PZM) traded up 1% against the dollar and now trades at $0.40 or 0.00005408 BTC.
- UNI COIN (UNI) traded down 7.1% against the dollar and now trades at $2.22 or 0.00030014 BTC.
- OmiseGO (OMG) traded 0.7% higher against the dollar and now trades at $0.74 or 0.00010028 BTC.
- Mixin (XIN) traded 0.9% higher against the dollar and now trades at $216.88 or 0.02934874 BTC.
- Ardor (ARDR) traded down 1.1% against the dollar and now trades at $0.0498 or 0.00000675 BTC.
- Wanchain (WAN) traded up 1.3% against the dollar and now trades at $0.19 or 0.00002652 BTC.
- WINk (WIN) traded up 0.1% against the dollar and now trades at $0.0001 or 0.00000001 BTC.
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. “
Buying and Selling BitShares
BitShares can be bought or sold on these cryptocurrency exchanges: CoinEgg, RightBTC, EXX, Tidex, BigONE, Binance, OpenLedger DEX, RuDEX, Crex24, Indodax, Poloniex, CryptoBridge, LBank, ZB.COM, YoBit, BitShares Asset Exchange, Huobi, Gate.io, HitBTC, CoinTiger and Livecoin. It is usually not currently possible to buy alternative cryptocurrencies such as BitShares directly using US dollars. Investors seeking to trade BitShares should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy BitShares using one of the exchanges listed above.
Receive News & Updates for BitShares Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for BitShares and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.