BitShares is one of the oldest blockchain platforms (created in 2014, originally called ProtoShares), founded by entrepreneur and programmer Dan Larimer, known as Bytemaster.
- The project runs on DPoS, where it is assumed that all users can participate in consensus building by selecting validators (in this case, “witnesses”) by voting. The value of a vote is determined by the balance of the base currency, and blocks are formed by the chosen validators.
- BitShares is based on the Graphene open-source blockchain, which can theoretically process thousands of transactions per second.
- Payment support with increased user privacy (Stealth Transfers). It can be applied optionally, since regular (non-confidential) payments are used by default.
- BTS cryptocurrency (utility token) can be used for several purposes, including conversion into BitAssets smart coins (their price is tied to tangible assets and fiat funds, thus avoiding volatility).
- The platform is operated by a decentralized autonomous company (DAC), which allows BTS holders to decide what features to add in the future, thereby determining the future of the platform.