Category: Cryptocurrency

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:

BitShares is a decentralized platform that offers a variety of features and services related to blockchain and cryptocurrency. Here are some of the key things you can do with 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:

Because it is a platform built on a decentralized blockchain, no one (not even a country) can shut it down. Assets placed within BitShares cannot be seized by anyone.

If you keep your assets in banks or centralized exchanges, it’s like entrusting them to someone else. If the company, which is essentially a third party, goes bankrupt, your assets might disappear. Additionally, there’s a possibility that your assets could be seized due to the whims of others.

With BitShares, you can act as your own bank, meaning you are not entrusting your assets to anyone else. In other words, you have control over your own assets.

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.

You can create a free account by accessing “BitShares” using your computer’s browser (Google Chrome is recommended).

Click the “Create Account” button, choose an account name, and then write down the generated password. It is recommended to use a password manager to securely manage your password.Once you have safely recorded your password, re-enter the generated password for confirmation, check the confirmation items, and click the create account button to complete the process.

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.

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.

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.