All You Need To Know About BilShares Cryptocurrency

All You Need To Know About BilShares Cryptocurrency

If you are a lover of cryptocurrency, then you will love trading BilShares on cryptocurrecy trading websites. Created on 17th December 2013 by Startea

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If you are a lover of cryptocurrency, then you will love trading BilShares on cryptocurrecy trading websites. Created on 17th December 2013 by Starteam, Bilshares has grown to be a loved digital currency especially by Chinese investors.

Having started with few billions, BIL now boasts of having 10 billion coins. With China being one of the best markets for BIL, the cryptocurrency has had a great turnover rate, making it a great force to reckon with in the cryptocurrency market. Currently, it is used in many platforms such as BTC38 in China. This has increased its number of users and created a high turnover rate. On a good day, BIL daily transactions can amount of 20 Million Chinese Yuan once. That is a clear indication on how prevalent BIL is in China.

However, BIL faced a major setback. Its author disappeared; thusly, maintenance of this currency and wallet stalled for a long time. This posed great security risks such as 51% attacks. This forced the supply chain team to form a different entity altogether. Consequently, the new team have a new Bilshares distribution chain. They are well able to distribute Bilshares to users and trade them in online cryptocurrency markets. That transition to opening a new chain that will distribute BILs with Bilshares transaction platforms was not a walk in the park. As we speak the traditional BIL is shut down and Bilshares transaction have been rolled out.

What is Bilshares?

Bilshares is a form of cryptocurrency that uses stock certificate similar to a PoW system. With Bilshares transactions are not mined. Chain blocks can be easily traced by verifying the account balance of an already existing account. Consequently, it becomes easy to award an account with transaction expenses for successful forging-blocks. This is the most secure way to avoid security risks such as 51% attacks posed by other currencies having this (PoW) system.

Features of Bilshares

Bilshares transactions have grown in speed and have improved in scale compared to other cryptocurrencies. This currency has a:

· Decentralized point to point exchange,

· Voting system,

· Colorful coins,

· Information/chat,

· Decentralized DNS (domain name of mainframe),

· Real-time trading, etc.

Other Bilshares functionalities include : 

· 100% stock certificate,

· Transaction in assets,

· Transparency forging,

· Account lease,

· Brain wallet,

· Random news,

· Multiple gateways and

· Cross-linked transactions are also equipped by Bilshares!

Summary

Bilshares is coming up well. And on 14th March 2017 it traded 3,407 USD. Having great platforms such as BTC38 and NIUBTC the sky is the limit. Crypto currency investors should visit http://www.bilshares.com/ to trade with this powerful currency. As at now 1 billion Bilshares are in circulation.

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