Crypto Tag: BitShares

After creating an account on BitShares, click on ‘Membership’ in the menu at the top right, then click the ‘Purchase Lifetime Membership’ button. By paying a one-time fee in BTS, you can become a lifetime member.

The transaction fees from your BitShares account will have an 80% cashback from now on. If you plan to use BitShares for a long time, becoming a lifetime member is very beneficial.

Additionally, by becoming a lifetime member of BitShares, you will be able to participate in the affiliate program offered by BitShares.

BitShares is a decentralized platform that operates as a blockchain-based financial services network. It was created to provide a wide range of financial services, including asset exchange, banking, and smart contract capabilities, without relying on traditional financial institutions. Here are some key aspects of BitShares:

A BitShares witness plays a crucial role in the BitShares blockchain network, primarily responsible for producing and validating blocks. Here is a detailed job description of a BitShares witness:

Voting in BitShares is a fundamental aspect of its decentralized governance system. BitShares is a blockchain-based platform that operates as a decentralized exchange (DEX) and leverages a Delegated Proof of Stake (DPoS) consensus mechanism. Here’s how voting works in BitShares:

In the BitShares ecosystem, a “worker” refers to a proposal system that allows the community to fund projects and initiatives that can benefit the BitShares platform. Here’s a detailed breakdown of what a worker is and how it functions within BitShares:

With Bitcoin, it is useful for making direct payments to a counterparty in Bitcoin. However, if you want to trade Bitcoin for other assets, you either have to find a counterparty yourself or send it to a centralized exchange and trade there.

Finding a trading partner on your own can be challenging, and if you send your Bitcoin to a centralized exchange and that exchange shuts down, there is a risk that your Bitcoin may not be returned.

However, BitShares is different.BitShares is both a wallet and a decentralized exchange, so the cryptocurrency assets placed in BitShares (you can also send Bitcoin to BitShares) can be traded directly on the decentralized exchange.

Since BitShares is a decentralized exchange using blockchain technology, it cannot be shut down by anyone and is safer than sending cryptocurrency to a centralized exchange. Therefore, by using BitShares, you can trade cryptocurrencies safely.

In BitShares, there are two types of accounts: ‘Basic Member’ and ‘Lifetime Member.’ By paying a fee, you can become a Lifetime Member and receive an 80% cashback on future transaction fees. Additionally, you will be able to participate in the affiliate program offered by BitShares.

Go to https://wallet.bitshares.org

In the BitShares blockchain, a witness is an individual or entity responsible for creating and validating blocks. Witnesses play a crucial role in the Delegated Proof of Stake (DPoS) consensus mechanism used by BitShares. Here’s a more detailed look at their function and importance: