BitShares (BTS) which was previously presented as ProtoShares or PTS is a financial platform based on blockchain technology. The primary aim of BitShares is to allow users to exchange cryptocurrencies with no involvement of third parties. There is its own cryptocurrency called BTS coin. While producing BitShares, its developers aspired to make a business platform that unites the competencies of BTC and ETH, and can also comply with the duties of a bank or decentralized exchange. BitShares is based on an open source blockchain Graphene. Graphene is used by various projects, such as Steemit.com and PeerPlays.com, which points to its use in the real world. The operation of BitShares is controlled by Decentralized Autonomous Company, which allows BTS owners to contribute to the project and decide on the perspectives of BTS.
BTS is the result of the persistent work of two people. The idea of creation belongs to entrepreneur Dan Larimer, who worked hard to create a number of factors that could make a new coin attractive in the financial sector.
But, like any other idea, it needed improvements. The author of the BTS final touche was the Ethereum creator - Charles Hoskinson. Two persons so famous in the business area have provided the new cryptocurrency with a nice start.
Initially, they had to create BitShares ProtoShares. ProtoShares (PTS) introduced the newest development in blockchain and cryptographic technologies. The platform intended to be called BitShares X originally appeared under a different name. It should be a powerful blockchain that received most of its benefits from built-in services. PTS became a clone of Bitcoin and its tokens were planned to be updated after a while.
In 2014, the project was renamed as BitShares (BTS) and restarted after merging with several other products of the company.
The SimpleSwap platform makes it easy and comfortable to exchange cryptocurrency. To get some BTS coins just follow the instructions below:
That’s it! In a few moments, you will receive your BTS coins.