About Bitshares (BTS)weiss-badge
 

Overview

BitShares (BTS) is a blockchain-based financial platform launched in 2014 by Daniel Larimer. It enables the exchange of cryptocurrencies on-chain, without the need for converting to fiat currencies first. This on-chain process ensures the user's anonymity remains throughout the process by using a token that is backed by a SmartCoin (value token), whose value correlates to real-world assets such as gold or the USD, on the same blockchain.

Technology

BitShares claim the platform is capable of processing 100,000 transactions per second, almost four times more than the maximum capacity of VISA. As a decentralized asset exchange, users of BitShares remain in full control of their money with no central authority having access to private keys. Users can set up dynamic account permissions allowing multiple people to have access to the funds in a particular account to varying degrees of hierarchy. BitShares also offer a referral rewards system which incentivizes users to introduce new people to the platform. This reward system not only earns them a percentage of actual profits from BitShares but helps to strengthen the security of the network as a whole and ultimately raises the market value.

Future Focus

The BitShares platform was built with viral growth in mind and designed to be a self-sustaining exchange and banking solution that provides a more private and secure option to traditional centralized banking systems. Holding BTS allows you to become a shareholder in the company and as such, you can participate in votes regarding the future direction of the platform and profit from their expansion. Over the next year, BitShares roadmap shows they are looking to incorporate the use of Ledger Nano S and Point of Sale systems as well as further increase the security of the platform. For more information regarding BitShares visit the official site or Whitepaper.

A wallet is essentially a bank account for your cryptocurrency and the wallet address is like your account number. The sender of the cryptocurrency needs a wallet address so they have somewhere they can send it from their wallet, much like a bank transfer. This wallet is giving you access to the blockchain where you can view your balance, send and receive cryptocurrency.

For information please read our beginners guide to cryptocurrency wallets.

POLI - internet banking

POLI is secure and fast. It links directly to your internet banking – login with your normal details and the rest is easy. No extra fees or surcharges. Watch this short video to see how it works.

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Need to know

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Login before purchasing.

Storing your coins with Wallets

A wallet is essentially a bank account for your cryptocurrency and the wallet address is like your account number. The sender of the cryptocurrency needs a wallet address so they have somewhere they can send it from their wallet, much like a bank transfer. This wallet is giving you access to the blockchain where you can view your balance, send and receive cryptocurrency.

For information please read our beginners guide to cryptocurrency wallets.

Pay with POLI. Its fast!

POLI - internet bankingPOLI is secure and fast. It links directly to your internet banking – login with your normal details and the rest is easy. No extra fees or surcharges. Watch this short video to see how it works.

About Bitcoin

Bitcoin (BTC) is a form of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds. Transactions are stored on a distributed, immutable, online, public ledger known as a blockchain. Bitcoin was the first truly decentralised cryptocurrency which was created by a programmer under the pseudonym Satoshi Nakamoto and was released in 2009. The system is peer-to-peer, verified by network nodes and recorded in a public distributed ledger called the blockchain. Bitcoin can be exchanged for other currencies, products, and services with over 100,000 merchants and vendors accepting bitcoin as payment. Bitcoin can also be held as an investment. There are only a fixed number of Bitcoin will ever be mined (21 million), it’s not controlled by any one government or central bank, and there’s no such thing as quantitative easing or fractional reserve banking. These qualities make Bitcoin excellent as a store of value and a long-term safe-haven asset, similar to gold.

A Bitcoin success story that went viral on social media is Kristoffer Koch from Norway. Koch invested around $27 in Bitcoin in 2009 and then forgot about it for four years. He remembered about his Bitcoin wallet in 2013, which had then grown in value to $886,000.

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Due to the price of sending and sourcing BTC the minimum order is $500.00.

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