BitShares Offering Alternative BTSX Amid BTC Scaling Issues

BitShares Offering Alternative BTSX Amid BTC Scaling Issues

FOR IMMEDIATE RELEASE        

For more information contact:                        

Michael Taggart        

Heronomex

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

Phone: (208) 806-1736

Bitcoin has been shrouded in uncertainty as the original cryptocurrency struggles to reach consensus and implement an effective scaling solution. There are currently several proposals which will be coming to a head in the coming weeks. Rumors of a potential third BTC fork, which would create multiple tokens, similar to ETH and ETC, has investors worried. Bitcoin needs to enact a scaling solution soon because as the network has grown it has become extremely slow and expensive, negating many of Bitcoins original selling points, and forcing users to look elsewhere for solutions.

The confusion regarding SegWit, scaling and a possible hard fork, has certainly had an effect on the crypto currency markets, which have experienced gut wrenching volatility in the last few weeks. Although this is not uncommon for the crypto market, as new competitors with advanced technology enter the space, one must ask if there are better options. The third bitcoin is the one to watch.

BitShares, a blockchain built using the super-fast and efficient Graphene technology, is looking to capitalize on Bitcoin’s troubles, providing investors with a powerful alternative. The MIT-licensed Graphene blockchain creates a network that is fast, inexpensive and efficient, capable of processing 100,000 transactions per second. It also has the potential of handling the trading volume of the NASDAQ while settling orders the second you submit them. Bitcoin is struggling to speed up its transactions but BitShares was designed to process more transactions every second than VISA and MasterCard combined.

Not only does BitShares provide an advanced blockchain with industrial performance and scalability, but it also gives investors a refuge from market volatility through the use of “SmartCoins”. According to bitshares.org.

A SmartCoin is a cryptocurrency whose value is pegged to that of another asset, such as the US Dollar or gold. SmartCoins always have 100% or more of their value backed by the BitShares core currency, BTS, to which they can be converted at any time at an exchange rate set by a trustworthy price feed.”

This allows holders of the token to achieve the stability they need while maintaining the properties and advantages of a cryptocurrency.

BitShares is offering a robust blockchain packed with features that empower users. While some of its competitors are struggling to improve, BitShares is moving forward, bringing amazing technology with it!

ABOUT BITSHARES

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.

ABOUT CRYPTONOMEX

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.

 
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