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Before Ethereum-based decentralized exchanges came into fruition, we had the very first decentralized exchange in the crypto/Blockchain space. Bitshares became the first DEX with an innovative consensus algorithm that's focused on high-performance and cost-effectiveness. It was created by Daniel Larimer, the co-founder of popular blockchain projects like STEEM and EOS. With 3 second block times and fees less than a cent, Bitshares not only works for decentralized trades, but also for cross-border payments at a fraction of the cost of traditional cryptocurrencies like Bitcoin and Ethereum.

While Bitshares (BTS) has many innovative features, it's still under the radar of many investors and traders alike. The native cryptocurrency of the Bitshares DEX known as BTS, is exchanging hands well below $1 on the market. I think this innovative decentralized exchange is quite undervalued, considering all of the features it provides.

What do you think about Bitshares? Has it been forgotten by the community? Will it last for long? Do you think BTS' current price is fair? Your input will be greatly appreciated. Thanks :)

To be honest, even I was unaware of this Dex. Doesn't matter how fair this exchange or that's the first decentralized exchange. The matter is how they are friendly to spread the word about their exchange. If they do not reach the traders then how a trader would find them? Many new people have been joining in the crypto everyday day. So usually they don't know even how works decentralized exchange, so how we could expect that person would know about the very first decentralized exchange?

Anyway, thanks for sharing with us, hope it will last for a long but the team who made it need to more active in the crypto space and spread the word about the exchange somehow.

3 seconds processing time is quite fast for a DEX. I see that they also support smart contracts and all that DeFi stuff but people are probably unaware of that like what Coolcryptovator said. One reason I could think of why it's still unpopular is they were late to catch up with the trend. There are also other blockchains with SC, DeFi, and even NFT but they're not as popular as BSC, Polkadot, and Polygon.

What are the utilities of BTS by the way? Can it be use to farm more BTS or other tokens as well?

indeed it only requires 3 seconds to process the transaction but it has a very concerning problem which is highly depended on its server latency.
take a look at a few exchanges that used their system like cryptobridge or even its dex itself https://wallet.bitshares.org/
it takes a long time for you just to load their website, it happens because their latency is high and sometime it is unusable because of it.
what is the point of using their blockchain if we can not open the website in the first place?

The official exchange's interface can be accessed here: https://wallet.bitshares.org (https://wallet.bitshares.org). Believe me, Bitshares is one of the best decentralized exchanges in the crypto/Blockchain space. What's missing is liquidity and marketing/promotion for the project to become a widespread success in the mainstream world. If the community worked together to make this happen, BTS could very well hit prices above $1 in the future. Yet, people are more focused on smart contract platforms like Ethereum and Binance Smart Chain than anything else. As long as such platforms are in the spotlight, Bitshares won't be going anywhere. At least, the idea is there. Making it a success is another story. :)



I don't think Bitshares has smart contract capabilities yet. With EOS in play, there may be no need to integrate smart contracts on the Bitshares blockchain. After all, EOS was co-founded by the same person who created Bitshares in the first place. The first DPoS platform is well-suited as a DEX than anything else. 3 second block times could really boost the adoption of Bitshares in the mainstream world. What's missing is marketing/promotion for the project to reach new heights. Without this, people won't become aware of a decentralized exchange that's often better than its ETH-based counterparts. The vast majority of people are focused on other big players on the market right now, so BTS will continue to remain under the scene for quite some time.

As far as I know, you can't use your BTS to farm other tokens. It's only useful for voting/governance, on-chain TX fees, and maker/taker fees. You can run a witness node by yourself, and earn some BTS if you get elected as a witness on the Blockchain. This is something similar to what other DPoS blockchain networks like ARK and LISK do today. There many other things you can do with BTS such as creating your own token on the Blockchain (UIA), sending private transactions (STEALTH), and getting a loan for margin trading. BTS extremely convenient for micropayments as fees are dirt-cheap. Taking into account the features BTS provides vs its current price, I'd say the cryptocurrency is quite a bargain these days. Who knows if it reaches $1 sometime in the future? :D

Perhaps the bitshare team should consider doing some marketing to draw attention back to the project once again, as you can see, defi and nft has token over the crypto space by storm and people are moving with the trend, there are much profit to be gain in the new project rather than stuck with old project,
if they are concerned about price and investors, they would think of new ways to bring attention to the project.

I heard about it many times and even used it. As it seems to me, this exchange is not popular because of its design, plus to everything there is such a feeling that this is a one-day exchange whipped up.

It's a bit complicated to trade on bitshares and this could be the main problem. You must have downloaded it before you can try to trade on bitshares.
These days people didn't wanna take the risk by downloading the desktop client to run bitshares exchange site.

I have tried to use this one and it has a very low liquidity too. imagine when you must deal with the complicated exchange site with small liquidity.
That's why bitshares less popular compared with another decentralized exchange site.

I think that bitshares must create a better innovation to compete with the dex that exist in the market.

Not necessarily. You can visit the official site (https://wallet.bitshares.org) to get access to the decentralized exchange on your web browser. Bitshares' biggest downsides are the complicated user interface, and extremely low liquidity. If it wasn't by that, BTS would've been within the top ranks in market cap right now. The team is going to need to ramp up marketing/promotion efforts if they want the project to gain traction. Otherwise, it'll remain under the radar of investors and traders alike.

At least, the project is alive thanks to the community's efforts in keeping it that way. The Bitshares Blockchain is extremely functional delivering as intended with its 3 second block times and ultra-low transaction fees. Even if there's not much liquidity on the DEX, the cryptocurrency itself is extremely convenient for micropayments. Anyone can send/receive BTS around the world at a faster and cheaper rate than traditional cryptocurrencies like Bitcoin or Dogecoin. Imagine how big BTS will become once the exchange gets high liquidity. It would challenge existing decentralized exchanges built on ETH as we speak. With fierce competition in the crypto/Blockchain space, it's hard to believe BTS will rise from the ground sometime in the future. Just my opinion :)

Maybe this project will be bought by large investors and the project will flourish?

Bitshares it's a scam
I lost a few bitcoins there. may they be damned!

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