BitShares

BitShares (formerly BitShares X) is a currency whose primary purpose is to facilitate the foundation and growth of decentralized autonomous companies (DACs).

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BitShares

Creator - Daniel Larimer, Charles Hoskinson, Stan Larimer

Date launched - August 2013

Algorithm - Proof-of-Stake

BitShares (formerly BitShares X) is a currency whose primary purpose is to facilitate the foundation and growth of decentralized autonomous companies (DACs). Built to follow Bitcoin’s ethos, the currency however uses so-called ‘delegated proof-of-stake’ as its consensus mechanism. 

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