Bitshares is a decentralised cryptocurrency exchange (DEX) and public blockchain infrastructure. Originally known as ProtoShares, BitShares was founded by Charles Hoskinson, founder of Cardano, and Dan Larimer, Steem and EOS co-founder. The BitShares blockchain is the first blockchain to implement a Delegated Proof-of-Stake (DPoS) consensus mechanism. The DPoS consensus mechanism allows token holders to delegate their tokens to validators without the need to run a validating node themselves.

BitShares is also considered to be the first DEX to operate at scale. BitShares allows users to trade both cryptocurrencies and traditional financial instruments by converting them to BitAssets. BitAssets are collateralised BitShares tokens (BTS), the native token of BitShares, that are pegged to real-world markets. The BitShares platform also introduces a unique feature, allowing users to launch their own Decentralised Autonomous Company (DAC). A DAC creates a model where a decentralised company can issue shares and distribute its profits to shareholders. The BTS token is also used for paying transaction fees, staking, and voting on the network.