Bitshares explaination

[wallbb]

Hi guys,
I have understood why people support bitshares so much.
I mean what advantages does it serve any advantage over existing crypo currency ?
I have never heard about this currency and people were talking about it today so I am really interested.

Looking forward to your response.

Comments

[fractalnode]

I see it this way:

• 0% bitCNY, bitUSD, (....) loan for BTS deposit
• ~3300 transaction per second – measured, ~150000 tps in laboratory conditions
• 3 sec block time (1,5 sec avg. )
• your wallet is decentralized exchange
• Flexible Multi-Signature https://bitshares.org/wallet/#/help/accounts/permissions
• 7 different types of Assets:
  • Bitshares (BTS) – Core token
  • User Issued Assets (UIA)
  • Exchange Backed Assets (EBA)
  • Market Pegged Assets (MPA)
  • Privatized Bit-Assets (PB)
  • Prediction Market Asset (PMA)
  • Fee-Based Asset (FBA)
• first self-governance blockchain
• first smart-contract – bitUSD, bitCNY
• 62 types of small flat fixed fees
• working fast stable coins bitUSD, bitCNY, (...)
• parametrized blockchain – fee was reduced 3 days ago without hardfork
• Insurance – https://bitsharestalk.org/index.php?topic=23852.0
• prediction market – https://steemit.com/bitcoin/@kingscrown/bet-for-winklevoss-etf-approval-by-sec-on-bitshares-dex-with-steem
• Bitshares 1st gen. was introduced by Dan Larimer – aka bytemaster and dantheman in 2014, Bitshares 2.0 in 2015

[wallbb]

I feel most of them are covered by other crypo as well, I may be wrong.

[funkit]

You are wrong. There are some other exchanges popping up. That's right. Otherwise there is only steem that can compare.

[wallbb]

Well if that's the case then definitely I will look into this crypo, thanks for your inputs :)