BitShares is an altcoin that has decentralized technology like Bitcoin. BitShares offers a new way to

To store assets owned by users, such as gold, USD, and Euro, in digital form.

BitShares is a decentralized platform designed to provide a more efficient global payment network and is typically used for secure cryptocurrency trading without intermediaries.

First, it launched in July 2014 under ProtoShares (PTS) but was renamed BitShares (BTS) less than a year later.

The BTS token backs the platform. This native utility token can be used for several purposes, including creating smart coins known as “BitAssets,” which can have various parameters and represent almost anything, such as reward points, fiat-pegged tokens, and guaranteed IOUs.

The BitShares platform is managed by a decentralized autonomous company (DAC), which allows BTS token holders to decide the platform’s future and which features to add next.

It runs on an open-source blockchain implementation known as Graphene, which is reportedly capable of processing up to 100,000 transactions per second (TPS), making it faster than MasterCard and VISA combined.

One of the main distinguishing features of the coin is its decentralized crypto asset exchange (DEX) platform, which allows users to trade regular crypto assets and more traditional financial instruments (through BitAssets) without intermediaries.