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RE: Bitshares - State of the Network - 26th September 2017

in #bitshares • 7 years ago

I've "tried" to use Bitshares before but if I'm not mistaken, the exchange does not support any fiat currency. Rather, it's all in cryptocurrency... If so, what's the added benefits in using Bitshares as compared to exchange services like ShapeShift or Changelly?

7 years ago in #bitshares by
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     7 years ago 

    Bitshares is so much more... but to start with:

    Bitshares has fiat on and off ramps provided by OpenLedger (an exchange business based on the Bitshares network - previously CCEDK). OCASH will also launch soon allowing accounts to be connected to a debt card.

    Bitshares also has similar services to Shapeshift and Changelly provided by Blocktrades. Blocktrades runs a independent business just like shapeshift but is also baked right into the wallet. They are also operating the gateways for most Altcoins allowing Alts to trade on the DEX.

    Everything else that is Bitshares is cream on top

    • Decentralized Orderbook exchange (DEX) allowing trading not just conversion
    • Smartcoins (stable value tokens pegged to USD,CNY,EUR,GOLD,SILVER...)
    • Asset platform allowing User Issued Assets (that can trade on the DEX)
    • Prediction markets
    • Flexible account models - Dynamic account permissions - allows for on chain approvals from multiple parties
      Plus heaps more - https://bitshares.org/technology/
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     7 years ago 

    What is the timeline or ETA for OCASH launch? Really that's the only missing piece for this d-exchange to take off.

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