bitshares

DPOS Consensus Algorithm - The Missing White Paper

A detailed explanation of the delegated proof of stake consensus algorithm and why it is robust.

BitShares Vision

A new year, calls for a renewed vision and direction for BitShares. For too long BitShares has been evolving without any clearly and consistently stated purpose or direction. Today I would to cast my vision for BitShares in 2016 and the years beyond. The most high level vision is to...

How BitShares Prevents Front Running

Front running happens when a broker executes his own orders prior to executing the orders of his customers. This can be extremely profitable to the broker which can buy a stock just before a large buy order pushes the price up and then sell the stock just before a large...

BitAssets and Black Swan Events

A black swan event is a very unlikely, yet possible event. The concept was first introduced by Nicholas Taleb in his book, "The Black Swan: The Impact of the Highly Improbable". All debts and contracts are vulnerable to sudden and unexpected movements in the market and investors would be unwise...

Use Gold with BitShares to bypass Fiat Regulations

Everyone who has been following the evolution of crypto currency exchanges has learned how expensive it is to comply with all of the regulations in the money transmission business. It can literally takes years and millions of dollars to get permission from the government to start an exchange that accepts...

The Road to Universal .p2p Resolution

The following is a repost of the delegate bid by Indolering. Indolering spent a week with us in early January to help revive our vision for DNS under BitShares. Indolering has presented one of the best, most comprehensive delegate bids to date. Here is what he had to say: I...

Is Fractional Reserve Banking a Ponzi Scheme?

Fractional reserve banking has been practiced almost since the beginning of banking. It is at the heart of all bank runs and is the reason the Federal Reserve was created. I have long believed fractional reserve lending to be an inherent evil leading to the inflation of the money supply...

Decentralization of Nxt vs. BitShares

There has been an ongoing debate over the relative decentralization of various projects. I have made several posts where I analyse things from both an economic and mathematical perspective and draw various conclusions about the theoretical decentralization of the various protocols. Today I discovered that Nxt has already published all...

The Worlds First Decentralized Exchange

The centralized exchanges the world has known throughout history have proven unreliable and untrustworthy time and again. Whether it is MF Global, Mt. Gox, or BitStamp we have seen all of the perils of allowing a 3rd party to hold your money. It doesn't matter how big they are or...

How BitShares Works

BitShares is a platform for stable value cryptocurrencies. There are now digital versions of dollars, yuan and gold that have the same prices and stability as their counterparts, but with all the advantages of cryptocurrencies. You can send them anywhere in the world for miniscule fees, and you have full...

BitShares as a Bank - The origin of the DAC

A description of the economics of BitShares and the origin story for how term Decentralized Autonomous Companies came into use.

What is BitShares?

Answering the question "What is BitShares?" has been one of the most difficult challenges I have faced. BitShares is so many things to different people and there are a thousand different ways of understanding what BitShares is. This post will tell you what BitShares is to me, its founder. Before...