BitShares Foundation Launched

BitShares Foundation Launched


For more information contact:                            

Alex Fredericks        

Digital Launch LLC

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Phone: (347) 687-1712

BitShares Foundation Launched

July 11, 2017 – The BitShares Blockchain Foundation, a non-profit organization registered in the Netherlands, has launched. The Foundation’s mission is to promote, advocate and grow the BitShares ecosystem to its full potential. The group will initially be focusing on providing the three following services:

Public announcements on the webpage such as incident reporting
Public and private mailing lists for witnesses, proxies, exchanges, committee members and developers
bitUSD worker escrow management

The establishment of a foundation signals a new level of maturity for BitShares. With a proven and tested blockchain capable of processing over 100,000 transactions per second and a multitude of new and exciting projects coming online, BitShares is solidifying its position in the FinTech industry.

“With the BitShares Blockchain Foundation, there now is a well-supported entity that feels responsible for BitShares and its growth. Throughout the last months, we have been working tirelessly to advocate partners and businesses about the technological advantages we have over our competitors - with great success. The BitShares Blockchain foundation is pleased to announce partnerships as they mature."

The original announcement came via a post on the blockchain based social media platform Steemit. The post came from @xeroc aka Fabian Schuh. Schuh is the CEO of ChainSquad GmbH, a German blockchain development company with the mission to facilitate the growth and adoption of technologies in all industries not just in the financial sector. Schuh has extensive experience with the Graphene Blockchain toolkit, used to build BitShares, Steem, Peerplays and more projects yet to be released.

The BitShares Blockchain Foundation will focus on meeting its three initial objectives, however there are indications that the services and resources offered by the foundation will expand as the project progresses.

Bitshares Blockchain Foundation


BitShares is a decentralized exchange platform using real-time, industrial grade blockchain technology supported by next generation entrepreneurs, investors, and developers with a common interest in finding free market solutions by leveraging the power of globally decentralized consensus and decision making.


Cryptonomex Inc. is an independent blockchain development company founded by the core developers of the BitShares blockchain. The mission of Cryptonomex is to facilitate the growth and adoption of industrial blockchain technology.

This press release has been viewed 741 times on PR Buzz.