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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