The BitShares Details

Discussion in 'Other' started by Info, May 15, 2018.

  1. Info

    Info Member

    (...) For any of us to enjoy the benefits of the BitShares platform, we do not need to use - or even understand - all the layers. You can pick and choose what layers speak to you and apply to your individual wants and needs. There are far too many layers for us to cover them all right now, but I would like to discuss the core groundbreaking feature that got me excited enough to invest - BitAssets.

    BitShares has successfully managed to peg its currency, BitAssets, to traditional stores of value through a wide range of digital tokens representing these assets. In effect, this has eliminated the price volatility that we are used to as running rampant in the cryptosphere. For example, I am able to invest in bitGold and know that it will always trade near par value for gold on any exchange. This is something that we have not seen on this scale before in the cryptosphere. The result is unparalleled stability that enables us to HODL during periods of volatility that were seen in earlier cryptocurrencies like Bitcoin. (...)


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