BitShares (CURRENCY:BTS) traded 0.5% higher against the dollar during the 1 day period ending at 9:00 AM Eastern on February 9th. One BitShares coin can currently be bought for about $0.24 or 0.00002887 BTC on cryptocurrency exchanges including BitShares Asset Exchange, CryptoBridge, Gate.io and Bitcoin Indonesia. BitShares has a total market cap of $623.62 million and approximately $25.39 million worth of BitShares was traded on exchanges in the last day. In the last week, BitShares has traded 19.8% lower against the dollar.

Here is how related cryptocurrencies have performed in the last day:

  • Cardano (ADA) traded up 3.6% against the dollar and now trades at $0.37 or 0.00004438 BTC.
  • Qtum (QTUM) traded 18.4% higher against the dollar and now trades at $29.26 or 0.00353281 BTC.
  • OmiseGO (OMG) traded up 2.4% against the dollar and now trades at $12.31 or 0.00148594 BTC.
  • Ardor (ARDR) traded 10% higher against the dollar and now trades at $0.49 or 0.00005873 BTC.
  • Particl (PART) traded up 7.3% against the dollar and now trades at $22.40 or 0.00270542 BTC.
  • Raiden Network Token (RDN) traded 1.6% lower against the dollar and now trades at $2.81 or 0.00033971 BTC.
  • Quantum Resistant Ledger (QRL) traded up 6% against the dollar and now trades at $1.46 or 0.00017631 BTC.
  • BitBay (BAY) traded 2% higher against the dollar and now trades at $0.0719 or 0.00000870 BTC.
  • ION (ION) traded 2% higher against the dollar and now trades at $2.93 or 0.00035491 BTC.
  • DECENT (DCT) traded down 6.2% against the dollar and now trades at $0.91 or 0.00011045 BTC.

BitShares Coin Profile

BitShares is a proof-of-stake (PoS) coin that uses the SHA-512 hashing algorithm. Its genesis date was July 19th, 2014. BitShares’ total supply is 2,608,380,000 coins. BitShares’ official message board is bitsharestalk.org. BitShares’ official Twitter account is @_bitshares and its Facebook page is accessible here. The official website for BitShares is bitshares.org. The Reddit community for BitShares is /r/bitshares and the currency’s Github account can be viewed here.

According to CryptoCompare, “BitShares (BTS) was first introduced in a White Paper titled “A Peer-to-Peer Polymorphic Digital Asset Exchange” by Daniel Larimer, Charles Hoskinson, and Stan Larimer. It is a brand of open-source software based on the as blockchain technology as used by Bitcoin. Unlike bitcoins, which do not produce any income for their owners, BitShare can be used to launch Decentralized Autonomous Companies (DACs) which issue shares, produce profits and distribute profits to shareholders. As such, BitShares is about making profitable companies that people want to own shares in, thus creating return for the shareholders. The first DAC launched by this proces was called BitSharesX, a decentralized asset exchange based in Hong Kong. BitShares was originally launched under the name of ProtoShares (PTS); it was later renamed to BitShares (BTS) and “reloaded” in November 2014 by merging several products into BitShares (BTS).      “

Buying and Selling BitShares

BitShares can be traded on the following cryptocurrency exchanges: BigONE, CryptoBridge, Tidex, Binance, BitShares Asset Exchange, YoBit, Livecoin, CoinEgg, EXX, ZB.COM, Poloniex, AEX, Lbank, OpenLedger DEX, Gate.io and Bitcoin Indonesia. It is not possible to buy BitShares directly using U.S. dollars. Investors seeking to trade BitShares must first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy BitShares using one of the aforementioned exchanges.

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