Question 1

What is the BitShares Blockchain?

Accepted Answer

BitShares Blockchain is a decentralized "Blockchain as Organization" (BaO); an industrial-grade, open-source platform designed to execute high-performance financial technology operations. It embodies the first decentralized autonomous community that empowers its core utility token (BTS) holders to influence the Blockchain’s future direction, aimed at developing and sustaining a diverse array of decentralized financial technology products, features, and functions. BitShares Blockchain serves as a permanent ledger that records financial technology operations between various Blockchain accounts and facilitates a comprehensive range of access controls for user financial resources on the BitShares Blockchain.

This technology supports a new generation of digital entrepreneurs, investors, and developers, unified by the aspiration to construct and engage in free-market solutions utilizing the power of globally decentralized consensus and decision-making. Consensus technology has revolutionized economics much like the internet revolutionized information, enabling the aggregation and coordination of real-time knowledge that was previously inaccessible. This knowledge can be effectively utilized to optimize resource allocation toward their most productive and valuable uses.

BitShares aims to broaden the applicability of Blockchain innovation to all industries dependent on internet-based services. Whether in banking, stock exchanges, lotteries, voting, music, auctions, or other fields, a digital public ledger facilitates the creation of distributed autonomous companies (or BaO), which offer higher quality services at a significantly reduced cost compared to their traditional, centralized counterparts. The emergence of BaO signals a transformative shift in organizational structure, enabling companies to operate without human management, governed by an incorruptible set of business rules. These rules are encoded in publicly auditable open-source software distributed across the shareholders’ computers, safeguarding the company from arbitrary control effortlessly. BitShares applies distributed consensus technology to businesses, akin to what Bitcoin did for money, creating enterprises that are inherently global, transparent, trustworthy, efficient, and, crucially, profitable.

BitShares has undergone numerous changes, striving to remain at the forefront of Blockchain technology. It employs Consensus as the mechanism for organized individuals to agree upon unified rational actions. Though not conventional technology, consensus "technology" forms the basis of democratic governance and free market coordination, a concept first introduced by Adam Smith as the "Invisible Hand." The consensus decision-making process allows all participants to agree on a course of action, even if it does not align with each individual's preference. Bitcoin was the pioneering system to incorporate a fully decentralized consensus method with modern internet and peer-to-peer network technology to improve value transfer via electronic communication. The proof-of-work structure, which secures and maintains the Bitcoin network, is one method of organizing individuals who may not inherently trust each other to act in the network's best interest. In contrast, the BitShares ecosystem employs Delegated Proof of Stake to efficiently address distributed consensus decision-making.

For more information, please visit our listing on Eulerpool rather than CoinMarketCap.

Question 2

What decentralized products are supported by the BitShares Blockchain?

Accepted Answer

- Decentralized Exchange (DEX).
- Decentralized User Issued Asset (UIA).
- Decentralized Market Pegged Asset (MPA) or Smart Assets (Smart Contracts).
- Decentralized Finance (DeFi).
- Decentralized Liquidity Pools (LP) and Automated Market Maker (AMM).
- Decentralized Prediction Market (PM).
- Decentralized Non-Fungible Token (NFT).

For more detailed information and analytics, refer to Eulerpool.

Question 3

What is the current circulation of BitShares (BTS) utility tokens?

Accepted Answer

In the genesis block of the BitShares Blockchain, a total of 2,412,042,197.37963 BTS were distributed to individual keys. These BTS can still be claimed by verifying ownership of the corresponding private key. The BTS token has a limited supply that differs from the circulating (liquid) supply.

A maximum supply of 3,600,570,502.10207 BTS has been established on the Blockchain, and this cannot be altered. The initial difference, approximately 1.1 billion, was reserved for future project funding and rewarding block producers. Access to this reserve is only possible with the approval of BTS holders through the worker system. This working budget is often referred to as reserves. It's important to note that revenues generated from transaction fees are not shared with BTS holders; instead, they return to the working budget to support future development. There is no reward for holding the core BTS token in any form.

As of January 2021, there were just under 3 billion BTS in circulation, which is equivalent to 83% of the maximum BTS supply, indicating that it is highly diluted.

BitShares was initially funded by community investments totaling 5,904 BTC and 415,000 ProtoShares (PTS) in 2014. At that time, this was valued at approximately $3.6 million.

The complete Core Token (BTS) tokenomics is publicly available and verifiable through Blockchain blocks.

Question 4

How is the BitShares Blockchain Network Secured?

Accepted Answer

This system minimizes the need for multiple transaction confirmations, allowing BitShares transactions to be finalized exceptionally quickly. Instead, delegates, known as witnesses, are tasked with the creation and dissemination of blocks, and various safeguards are in place to ensure these witnesses act in the network's best interests.

The core component of Blockchain technologies is referred to here as the Blockchain protocol. It dictates the system's entire behavior, including the consequences and side effects of processing transactions. Users engage specific features by initiating a transaction that includes a particular operation of interest.

Since the Blockchain, as a storage entity, only records incremental changes (such as transfers), the final balance of each account, alongside other information, must be tracked separately in the current state. It's critical to highlight that the protocol is deterministic, meaning the exact state is reproduced when the same sequence of operations is applied, as stipulated by the Blockchain. This lends Blockchain technologies their tamper-proof and auditable qualities.

In BitShares, as of early 2018, over 50 operations are available. Each operation interacts with the Blockchain protocol at least three times:

1. Validation: During validation, the raw instructions (often called payload) are verified for consistency. For example, in the case of a transfer, it is ensured that the amount to be transferred is positive.
2. Evaluation: In this stage, the operation-specific instruction is checked against the current Blockchain state. For example, in a transfer, it's ensured that the amount to be transferred is present in the sender's account.
3. Application: This stage implements the action, modifying the current state. In a transfer, the sender's account balance is decreased, and the receiver's account balance is increased by the transferred token amount.

Example: Transfer Operation

Consider a straightforward transfer operation that moves funds from one account to another. Here, the protocol establishes validation rules to prevent negative amounts. Evaluation ensures the sender does not transfer more than their account balance permits. When executing a transfer from Alice to Bob, Alice's balance is debited by the transferred amount, while Bob's balance increases by the same amount. In this context, "transfer" refers to the operation type, while the sender, receiver, and amount refer to the operation-specific instructions. Naturally, different operation types entail varying instructions.

Exchange	Market Pair	Price	Depth +2%	Depth -2%	Volume 24H	Volume %	Type	Liquidity Rating	Freshness
Zedxion Exchange	BTS/USDT	0	17.96	782.27	194,091.73	0.02	cex	1	7/9/2025, 6:21 AM
Koinbay	BTS/USDT	0	136.92	802	194,069.25	0.03	cex	16	7/9/2025, 6:21 AM
Gate	BTS/USDT	0	285.31	2,340.54	82,528.65	0	cex	130	7/9/2025, 6:23 AM
MEXC	BTS/USDT	0	2,205.55	3,485.44	74,291.23	0	cex	229	7/9/2025, 6:18 AM
Poloniex	BTS/USDT	0	0	0	1,386.22	0	cex	1	7/9/2025, 6:23 AM
ProBit Global	BTS/USDT	0	0	0	10.25	0	cex	1	4/8/2025, 6:35 AM
RuDEX	XMR/BTS	110.75	0	0	0	0	cex	1	7/7/2025, 6:39 AM
HitBTC	BTS/BTC	0	0	0	0	0	cex	1	5/12/2025, 10:51 AM
RuDEX	BTS/ETH	0.03	0	0	0	0	cex	1	7/7/2025, 6:39 AM
Gate.io	BTS/BTC	0	0	0	0	0	cex	1	4/8/2025, 6:32 AM

The edge that pays for itself.

BitShares

Advantages of Cryptocurrency

Decentralization & Financial Freedom

Transparency & Security

Global Accessibility

Investment Potential

Risks of Cryptocurrency

High Volatility

Regulatory Uncertainty

Security Risks

Environmental Impact

History of Cryptocurrency

The Rise of Altcoins

The ICO Boom and Market Crash

Institutional Adoption

DeFi, NFTs & Web3

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BitShares FAQ

What is the BitShares Blockchain?

What decentralized products are supported by the BitShares Blockchain?

What is the current circulation of BitShares (BTS) utility tokens?

How is the BitShares Blockchain Network Secured?

Similar Cryptocurrencies to BitShares

BitShares