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| comment | | "parent_author":"",<br>"parent_permlink":"bitshares",<br>"author":"alfa-good",<br>"permlink":"bitshares-levelling-the-playing-field-through-decentralization-00908d31f565d",<br>"title":"Bitshares: levelling the playing field through decentralization",<br>"body":"![image (https:\/\/img.esteem.ws\/5qgcvaq52r.jpg)\n\nBittshares was a easy choice for us here at HowToToken,<br> because of the great value it has for projects that need a simple token logic. We don\u2019t need complex smart contracts,<br> we could distribute our token in less than 5 minutes with a small fee of around $60,<br> and create custom logic with OpenLedger if we choose to. Best of all,<br> we don\u2019t need to pay for exchange listings as HowTo token started trading on DEX right away.\nPSA: PoloniEX's Bitshares wallet is 'poloniexwallet' NOT 'poloniex'. There are warnings built into the Bitshares wallets regarding this account but it seems the last couple of weeks has seen some users who attempted to transfers BTS from Bittrex to PoloniEX accidently transfer their BTS to this name squatter. As a result the fake 'poloniex' account now controls over 2 Million Bitshares and has reached the Top 100 BTS holder list.\n\n>>So what exactly is Bitshares?\nBitshares is a platform with unique features that are not found anywhere else in the smart contract field. These features include SmartCoins,<br> a cryptocurrency that is pegged against another asset. In the case of Bitshares,<br> all SmartCoins have 100% or more of their value backed by the platforms currency,<br> BTS. Another feature is the decentralized exchange,<br> which beats centralized exchanges like Mt. Gox and Bitstamp in terms of security and fraud. Taking a cue from Paypal,<br> Bitshares also has implemented a Referral Reward Program,<br> rewarding users for bringing in other,<br> valuable users. There are many,<br> many more features that are covered on their website,<br> and is worth the reading time.\nThe BitShares Blockchain Foundation initiates the \u2018Blockchain Academy Project\u2019 which aims to provide the BitShares Testnet to students for educational purposes. Saxion University of Applied Sciences in the Netherlands is the first university to team up with the BitShares Blockchain Foundation to participate in the project which aims to familiarize students with the possibilities of the BitShares Blockchain\nBitshares \u201cmodels\u201d: account and wallets\n\nBitshares has two \u201cmodels\u201d you can use,<br> the wallet model and the account model. The account model is pretty straight forward: you chose an account name and a password to generate private keys. You can login from anywhere in the world with your credentials,<br> but it does leave you open to brute-force attacks. As always it\u2019s a good reminder to use strong passwords,<br> it\u2019s common knowledge to make use of a password generator instead of choosing something easy to remember. The wallet model is basically a collection of your multiple accounts,<br> but your wallet is paired with your computer and\/or browser,<br> limiting where you can login to you wallet. So,<br> how do you get started on Bitshares? ![image (https:\/\/img.esteem.ws\/xi7zkwjcv7.jpg)\nBitSilver has been affected by a global settlement event which has prevented the smartcoin from being borrowed into existence. Current supply is still trading as normal but no new BitSilver smartcoins can be created at this time. Never fear BSIP-0018 is being tested on the testnet at the moment that will allow assets in this situation to be revived. You can find out more about this BSIP.\nBitshares account and wallet model setup\n\n>>1. Download the client from https:\/\/bitshares.org\/download\/ OR go to the url https:\/\/bitshares.org\/wallet\/ . The interface is basically the same on both.\n2. You will see a general overview screen with market information,<br> but what we are looking for is the button \u201ccreate account\u201d in the right hand corner. Click that button to choose your model.\n3. You will see a screen with an overview of the two models that Bitshares offers. Please read both carefully,<br> and when you are certain you want to choose the account model,<br> click the button \u201cuse the account model\u201d on the bottom right. If you want to create a wallet model,<br> click the button \u201cuse the wallet model\u201d on the bottom left.\nClient Browser Account Creation Bitshares\nAccount Creation Bitshares\n4. A faucet will pay for your first account,<br> however this means your name cannot use any vowels,<br> and must use a dash and numbers. Pick carefully as this name will be public!\n5. Enter your password,<br> and make sure it\u2019s secure. Confirm it and then press \u201ccreate account\u201d.\nBitshares Username Password\nChoose username,<br> and pick a strong password!\n6. You will be reminded to write down your password somewhere safe and accessible if you choose the account model! If you lose the password the account is lost forever.\n7. And you\u2019re done! You will see a screen with tutorials to help you get started with your new Bitshares account!\nBitshares tutorials completed registration\nHave a look at the tutorials at your disposal after registration is completed\n8. In the wallet account model,<br> you can backup your wallet by generating a .bin file. This file is encrypted with your wallet password and all the private keys in your account. Use this to restore your wallet or move it to a different computer or browser.\n\nBitshares to HowToToken\n ![image (https:\/\/img.esteem.ws\/94wzqla2bw.jpg)\nSo you have your brand spanking new Bitshares account or wallet,<br> now what can you do with it? You can send BTS to any Bitshares user just by their account name,<br> deposit\/withdraw coins from other blockchains via gateway,<br> or register to deposit\/withdraw fiat in the following currencies: USD,<br> EUR and CNY.\nYou can also join our community of expert writers,<br> sign up with your Bitshares account name and receive BTS from your readers who enjoy your articles!\n\n>>OpenLedger team member becomes Bitshares Greater China representative\n\nAuthor note: Bitshares has an official tutorial that can be found on their website,<br> it is however out of date\nIt was announced late this week that BitShares (BTS) transactions have been opened up on China-based crypto exchange CHBTC. The company listed BitShares on 18:00 on June 8th and the following day at 12:00 on June 9th officially opened web client transactions,<br> with mobile app integration will be coming in the near future.\n\nBitShares is a blockchain of financial services and development platform,<br> the system has built-in transfer,<br> exchange,<br> asset management,<br> information transmission,<br> information display,<br> advanced multi-signature,<br> feed input (collection of other system information ) and other underlying functions.\n\nThe BitShares platform provides a global trading network,<br> with the decentralized exchange able to process 100,<br>000 transactions per second. The BitShares platform itself is run and maintained by the BitShares community\u2013an open consortium of individuals and organizations committed to providing universal access to the power of smart contracts.\n\n\nBitShares is open-source software based on blockchain technology as used by Bitcoin. Unlike bitcoins,<br> which do not produce any income for their owners,<br> BitShares can be used to launch Decentralized Autonomous Companies (DACs) which issue shares,<br> produce profits and distribute profits to shareholders.\n\nBitShares (BTS) has risen on the news to reach 0.0011,<br> almost reaching 0.0002 BTC per BTS on Saturday,<br> June 10th.\n ![image (https:\/\/img.esteem.ws\/9xjsndsqsc.jpg)\n\nDisclaimer:the author does not promote any of the exchanges or ICOs mentioned in the article as better than others. Do your own research and pick wisely!.",<br>"json_metadata":" \"links\":[\"https:\/\/bitshares.org\/download\/\",<br>\"https:\/\/bitshares.org\/wallet\/\" ,<br>\"image\":[\"https:\/\/img.esteem.ws\/5qgcvaq52r.jpg\",<br>\"https:\/\/img.esteem.ws\/xi7zkwjcv7.jpg\",<br>\"https:\/\/img.esteem.ws\/94wzqla2bw.jpg\",<br>\"https:\/\/img.esteem.ws\/9xjsndsqsc.jpg\" ,<br>\"tags\":[\"bitshares\",<br>\"network\",<br>\"blockcain\",<br>\"education\",<br>\"poloniex\" ,<br>\"app\":\"esteem\/1.5.0\",<br>\"format\":\"markdown+html\",<br>\"community\":\"esteem\" " | | comment_options | "author":"alfa-good",
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