Bitshares is a decentralized exchange of cryptocurrencies (DEX) and an infrastructure for public blockchains. Originally known as ProtoShares, Charles Hoskinson, founder of Cardano, and Dan Larimer, co-founder of Steem and EOS, formed BitShares. The BitShares blockchain is the first blockchain to introduce a consensus process for Delegated Proof-of-Stake (DPoS). The DPoS consensus mechanism enables token holders without the need to run a validating node themselves to delegate their tokens to validators. The first DEX to work on a scale is often known to be BitShares. By converting them to BitAssets, BitShares enables users to exchange both crypto-currencies and conventional financial instruments. BitAssets are collateralized BitShares tokens (BTS), which are connected to real-world markets as the native token of BitShares. A unique feature is also introduced by the BitShares platform, which enables users to launch their own decentralized autonomous business (DAC). A DAC provides a model where a decentralized business will issue shares to shareholders and distribute its profits. The BTS token is also used for the payment, staking, and voting of transaction fees on the network. Go to their website, https://bitshares.org, to learn more about BitShares.
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