Over the years, we have seen how decentralized exchanges and decentralized finance (DeFi) have increasingly taken a leading role in the crypto world.
In turn, around these concepts, different projects have emerged that seek to make the decentralized exchange of cryptocurrencies and fiat money a reality.
One of them, is the renowned Bitshares, a platform launched in 2014 where you can trade and make transactions with cryptocurrencies and other securities (BitAssets).
However, despite being a reliable project with great promise, it presents some difficulties such as the complexity of its website, its lack of a roadmap, the imbalance when exchanges are made, etc.
Among them is New Bitshare which, despite being relatively new, has a focus on improving different aspects of Bitshares. Let’s see what it’s all about!
New Bitshares is a fork of Bitshares and a public blockchain infrastructure that uses the delegated proof of stake or dPos consensus algorithm.
Certainly, it describes itself as an open source solution (OSS) to power decentralized finance (DeFi) and DEX (decentralized exchanges) based on the dPos consensus of the founder of EOS. It was also implemented with an organizational structure of a DAO.
New Bitshares itself is working to reverse some features that have not been approved by the Bitshares committee in BTS 4.0. Additionally, there are features that New Bitshares will not include from BTS, such as:
In essence, it works in the same way as Bitshare, but, through small changes, it seeks to reduce the fear of centralization and eliminates some features that are considered unfair by users.
On the other hand, as tools, NBS includes:
New Bitshares (NBS) is the native utility token of the New Bitshares network that is used for:
Likewise, it cannot be mined and began circulation for the first time in September 2020 with 3.6 billion tokens.
Of this, NBS 500 million is set aside in the pool for witness, system development and maintenance costs of the NBS network architecture.
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