$ 0.026706 (5.14%)
BitShares (BTS) - Historical Price Chart
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BitShares is an open-source, public, blockchain-based real-time financial platform. It provides a built-in decentralized asset exchange, similar to NYSE but for cryptocurrencies and without the need to trust a central authority to handle all the funds, that can execute trading using an international network of computers in which anyone can take part. BitShares also provides a cryptocurrency token called "BTS", which can be transferred between accounts and is used to collect fees for network operations and as a collateral for loans.
The platform [was] designed by Daniel Larimer, an American programmer and entrepreneur, and launched in July 2014. While discussing this concept with other crypto-enthusiasts on various Internet forums, he introduced his ideas to Charles Hoskinson, a co-founder of Ethereum, who helped to vet the idea and develop a business plan. Together they presented the plan to Li Xiaolai, a Chinese Bitcoin tycoon, who agreed to fund the development. On 4th of July, they have founded a company named Invictus Innovations. [A] few months later, In October 2013, Hoskinson and Larimer presented the concept of BitShares at the Atlanta Bitcoin Conference. In March 2016, the project [became] a part of Microsoft Azure Blockchain as a Service package.