Coined term for finance and technology Fintech (Finetech). Among them, the virtual currency (encryption currency / alto coin) is attracting attention! This time is an introduction about BitShares (BitShares) . The virtual currency now seems to be used for investment as well as remittance etc, but what about BitShares (BitShares) as investment target?
What is BitShares (BitShares)? What are the characteristics?
Https://bitshares.org/
Bitshares (BitShares) is a comprehensive platform that can deal with virtual currency , much like the virtual currency Ripple. Operation started on July 21, 2014, and as of August 18, 2017 market capitalization is about $34 billion, it is located in 20th place in the virtual currency .
Bitshares has been developed with the aim of constructing a business platform for financial business using the technology called DAC. DAC is a system that automatically manages business without human intervention through block chain technology. With this system, it is said that sellers and buyers can trade digital contents such as music and movies by communicating without going through a server.
The biggest feature of Bitshares is that you can trade via a non-centralized system such as OpenLedger. Transaction data is recorded in the block chain, so you can avoid the risk of hacking or data modification by a malicious third party .
In addition, while the virtual currency traded at Ripple is in the form of a borrowed letter issued by a currency exchange called gateway, so to speak, the currency traded at Bitshares is guaranteed as a cash value . Therefore, even if the gateway collapses, the value of Bitshares that it owns is kept intact, there is no worry about so-called counterparty risk .
What is the application of BitShares (BitShares)?
Bitshres is a comprehensive service including virtual currency transactions, and standard wallet has various functions such as user's own currency issuing function, distributed exchange function, message sending function, predictive market function. For this reason, not only simple currency exchange, but also usage in various situations is assumed.
Bitshares can also be used as an asset management tool. Because the price of Bitshares is fluctuating day by day, if you buy Bitshares when you are cheap, you can earn the margin by selling it waiting for price rise, and many investors are buying and selling Bitshares for this purpose I will.
Which exchanges can be purchased? A virtual currency that does not require exchanges?
Block chain technology is used for dealing with Bitshares, and since it is not managed and operated by hand, it is not necessary to confirm the identity when using it.
To begin trading with Bitshares, you first need to create a wallet (something like a wallet to manage virtual currency) . Wallet can be created simply by accessing BitShares' online wallet service and setting an account name and password.
Next, back up the created wallet and check the restoration method . Since Wallet is managed based on the browser, if the cache of the browser disappears by any chance, it will be impossible to restore Wallet and you will not be able to access the funds you own. In order to prevent such a situation, be sure to make backups in advance.
Create a wallet and deposit the funds as soon as the backup is complete. In Bitshares, the key currency called BTS is used. There are several ways to purchase a BTS, but it is common to use an Openledger bridge service, exchanges, exchanges such as Poloniex and Livecoin.
Once payment is completed, you can enjoy buying and selling freely by using the exchange function of Bitshares.
coingecko.com/
The price of Bitshares rose fourfold in a short period in August 2014 right after the release. One of the reasons for this may be the inflow of large funds for speculative purposes by assetists and others. Such a surge at the time of disclosure is seen also in other virtual currencies, it is not so uncommon.
The price of Bitshares rose threefold within a short period of time since entering May 2017. It has also risen four-fold even during the four days from June 8 to 12. During this period, the popularity of many virtual currencies such as Ethernet, ripple, nem and so on will soar and overlap with the period in which the price of the entire virtual currency market rises. Therefore, the rise in Bitshares is considered to be due to the influence of this market.
Another cause of the rise is the low market capitalization of Bitshares before rise. Currencies with lower market capitalization tend to rise sharply at lower inflows of funds, as compared to higher currencies. The phenomenon that the currency that has not been so noticeable so far suddenly rises in the limelight is not uncommon in the virtual currency.
However, the price of Bitshares has plummeted from the middle of June 2017 to the middle of July. This is consistent with the time when alto coin declined overall, and it may have been affected by the decline in the market as a whole.
Also, just before this, the price of Bitshares had soared, so this may have been a rebound.
Not only in Bitshares but also in the virtual currency, such a sharp fluctuation in price is not unusual, so when investing it is important to avoid excessive risks and use surplus funds.
Summary
What did you think.
The theme of this time Bitshares is a relatively new type among the topic virtual currencies, and there is still a possibility to come. Like the features you see, is not it easier to challenge than those called traditional bit coins? Please try this chance by all means on this occasion.
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STOPNice blog. Interesting to see I'm not the only one that is thinking about this. The coin market will be turbulent for the upcoming year(s) but I really believe in it. We do need more indept investment analysis. Does anyone know about: https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins. Sorted by team, product, company, advisors, previous investors, etc. Go to: https://www.coincheckup.com/coins/Bitshares#analysis For a complete Bitshares Detailed analysis.