Rank #507
bitshares  (BTS)

BitShares (BTS)

$0.024454920462 3.8%
0.00000064 BTC 0.8%
13,858 people like this
24H Range
Market Cap $65,667,961
24 Hour Trading Vol $3,373,413
Circulating Supply 2,710,195,991
Total Supply 3,600,570,502
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BitShares (BTS) Price Chart

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BTS Price and Market Stats

BTS Price $0.024343508944
Market Cap $65,667,961
Market Cap Dominance 0.00%
Trading Volume $3,355,778
Volume / Market Cap 0.0491
24h Low / 24h High $0.023151585556 / $0.024297348058
7d Low / 7d High $0.020050395758 / $0.024234028041
Market Cap Rank #507
All-Time High $0.923921 -97.4%
Jan 03, 2018 (about 4 years)
All-Time Low $0.002716354409 796.2%
Jan 08, 2016 (about 6 years)

BitShares Coin Price & Market Data

BitShares price today is $0.024454920462 with a 24-hour trading volume of $3,373,413. BTS price is up 3.8% in the last 24 hours. It has a circulating supply of 2.7 Billion BTS coins and a total supply of 3.6 Billion. If you are looking to buy or sell BitShares, Gate.io is currently the most active exchange.

BitShares (symbol BTS), formerly known as ProtoShares (PTS), is an industrial grade “crypto-equity”, peer to peer distributed ledger and network based on a Delegated Proof of Stake (DPoS) algorithm. It was created in 2014 by visionary Dan Larimer (“Bytemaster”), co-founder of Steemit, EOS and Cryptonomex. BitShares is based on Graphene, an open source C++ blockchain implementation, which acts as a consensus mechanism. Graphene is used by several other projects like Steemit.com (decentralized Reddit, blog platform), and PeerPlays.com (gaming site and token PPY) indicating real-world usage.

BitShares competes with banks by issuing collateralizing market-pegged and stable bitAssets (also called smart coins). This means crypto-based assets track real-world market assets like the US dollar denominated “bitAsset” known as bitUSD. This tracks the movements of the dollar by aggregating a variety of data sources that are maintained by the BitShares community. This Smart Coin token always has at least 200% (or more) of its value backed by the BitShares core currency (BTS), to which it can be converted at any time, as collateral in a smart-contract based loan managed by the blockchain.

A SmartCoin is a cryptocurrency whose value is pegged to that of another asset, such as the US Dollar or gold. SmartCoins always have 100% or more of their value backed by the BitShares core currency, BTS, to which they can be converted at any time at an exchange rate set by a trustworthy price feed. BitShares provides a high-performance decentralized exchange, with all the features you would expect in a trading platform. It can handle the trading volume of the NASDAQ, while settling orders the second you submit them. High performance blockchain technology is necessary for cryptocurrencies and smart contract platforms to provide a viable alternative to existing financial platforms.

BitShares BTS is considered a legacy coin as it predates most exchanges (and publications) and is responsible for the crypto trading pair concept. It’s also the first delegated Proof of Stake blockchain and uses community-elected delegates for governance.

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