The Future of Money?
“I want to make you all cryptocurrency millionaires… I want to provide a personal retirement account to about 1 billion people by this time next summer.”
Information + Resources
BitShares is a growing decentralized platform in the coin market, once sitting at #4 in the market near its launch in 2014. BitShares offers many technologies, including smart contracts and transaction speeds faster than bitcoin, credit or debit cards, or any other of the 2000+ currencies. They are promising to deliver infinite capacity with some complicated math they’re calling the “Transmatrix” engine, which probably involves a lot of matrices and graphics power as most cryptography is done these days.
The blockchain supporting BitShares handles about more transactions than Bitcoin Ethereum combined, and will soon be able to handle over 100,000 times that load. Steemit is one of BitShares’ platforms but runs on its own blockchain called Steem. Steemit allows users to be paid for their content by their reach and impact on server traffic and revenue.
BitShares is participating in much of the infrastructure development going on behind the scenes with cryptocurrencies. BitShares is integrated with Microsoft Azure, as well as runs its own decentralized exchange. The BitShares team is developing many projects like Steemit, PeerPlays, and EOS.
On July 4th, $1 million in BTS will be donated by the BitShares team, which will start a game to drive up the donation prize pool to $1 billion by donors as part of a gamified donation challenge. This is designed to drive up the value of BitShares and bring a lot of attention to the platform. BitShares is highly ambitious, looking at a many-trillion dollar future market. They have an investment project called HERO to court interest, where 1 HERO equals roughly $175 USD (appreciating at 5% per year). This will be an investor currency to support BitShares. If the $1 billion donation challenge is met, the money will be sent out as HERO coins, which will be exchangable. This will technically put the BitShares supporting token into mass circulation. Their marketing team is targeting Hollywood as well. Let’s see where this goes!
Future: So much hype
// Originally written May 30, ’17. Price at the time: $0.067 / BTS
// Edited June 16, ’17. Price at the time: $0.32 / BTS
// Edited June 19, ’17. Price at the time: $0.32 / BTS