An experimental Bitshares browser plugin has been released
Blockchain

An experimental Bitshares browser plugin has been released

By Adrian Zmudzinski - 14 Aug 2018

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The code has been released under the MIT licence on GitHub.

Still, the GitHub page states that “This code base is a pilot project and is unreviewed and not maintained,” so using the plugin isn’t recommended.

The purpose to the plugin is a simple in-browser asset transfer app.

Bitshares browser plugin

The development has been quite cheap, and run the company only 2,100€, but now it is up to the community to test, develop and maintain it.

What is BitShares?

BitShares is a blockchain, and a decentralized exchange (DEX) and the underlying asset is BTS. BitShares users can trade many different assets on the DEX while keeping control of the private keys, which grants some security advantage when compared to centralized systems.

Bitshares browser plugin

At the basis of BTS, there is Graphene. This protocol can handle as many as 100,000 transactions per second.

For comparison, in 2016 Visa told mybroadband that its network could manage up to 1667 transactions per second.

The underlying consensus algorithm is DPOS, developed by Dan Larimer, the creator of EOS and Steemit which also run the same algorithm.

What can be traded on the BitShares DEX?

What’s surprising about the platform is that not only cryptocurrencies can be traded on the platform. It seems that also national currencies, oil, gas, gold, and silver can be traded on the BitShares DEX. It appears that there is even support for bonds, stocks, and indexes.

The unique property of the exchange is “user-issued assets.” This function lets anyone create an asset and set its properties and restrictions (for instance a whitelist).

Adrian Zmudzinski
Adrian Zmudzinski

Adrian is passionate about technology and Information Technology (IT). Adrian specialized in the analysis of tokens, the blockchain technology, and cryptocurrencies. His interest in Bitcoin dates back to 2009 and it rapidly transformed into a more general interest of the still arising cryptocurrency industry. His analyses are concerned mostly by the technological potential underlying the analyzed token.

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