This episode of Blockchain Token – Which is it? covers Bitshares! In this series, we will cover the different types of blockchain platforms and cryptocurrencies on the market right now. We’ll give you a quick description of each blockchain/token, its function, who is their competition and where you can learn more.
Bitshares is a decentralized autonomous organization, or a DAO for short, that serves as a decentralized exchange and fintech solution. They have some different system components and features, and offers a solution to the scalability problems of other blockchain networks.
One of the most commonly asked questions when we start discussing cryptocurrency and blockchains with people is:
To alleviate one of the most challenging steps of getting into the world of blockchains and cryptocurrencies, we have compiled a guide that overviews your different options for attaining some cryptocurrency, whether it is bitcoin, ethereum, or other altcoins.
Whether you want to use cash, connect a bank account, use PayPal, or something else, there is likely an easy option for you to buy crypto, and our guide will likely have the answer for you.
So, with that said, please take a look at our How to Buy Guide, and start educating yourself on how to get started!
And hey, you may not even have to leave your couch!!!
If you are still unsure about what a blockchain is, what cryptocurrency is, or what the difference between the two is, see our guides below first, and start exploring the incredible realm of the internet that is blockchain technology.
Moving the Chain is an ongoing series from Blockchain WTF that shines a spotlight on folks who are making an impact in the world of blockchain technology and cryptocurrency.
Amanda B. Johnson is a leading advocate of Dash, which is a cryptocurrency similar to bitcoin, that offers some additional capabilities. Johnson has become the face of Dash and is frequently featured in their YouTube videos.
ARToken by Cappasity is looking to combine cryptocurrency with some of the most cutting edge technology. ARToken will be used as a cryptocurrency for Cappasity’s existing services, which include Augmented Reality, Virtual Reality, and 3D modeling!
In this video, Jeremy goes over what the project is and what market advantages the project is trying to capitalize on. He also points out the noteworthy details about the ICO, any potential concerns, and hopes for the project.
Our fifth episode in Blockchain Token features Dash. Joe explains Dash, it’s functionality, competition, and provides some helpful resources!
If you are interested in reading more about Dash, check out our resource page!
The Terrible Week
As I had mentioned before, this was indeed the Digital Wild Wild West, and I had just fell victim to my first scam! On top of that, I accidentally locked away 46 ether tokens in an account I couldn’t remember the password to… all within 7 days!!! If I had hair, I surely would’ve pulled it out. Let me go back and explain.
Everything was going well with work, a little frustrating and challenging at times, but it was a good frustration. While work was going well, I was getting a little too lax and confident once it came to trading crypto amongst myself. And just like clockwork, there was the universe letting me know it’s still there! Not only did I make one rookie mistake…but two!
A Personal Cryptocurrency Trading Story Part 2.
To the best of my knowledge, The Decentralized Autonomous Organization (The DAO) was a decentralized app (dApp) built on top of the Ethereum Virtual Machine (EVM). The DAO acted as a venture capitalist of sorts, essentially allowing investors who held The DAO tokens to vote on projects. There was no CEO, CTO, or other Chief-XXXXX-Officer. Instead, projects only required 30% of approval with a vote, and it would get rounds of funding.
So, of course, I limped into the EVM world. It was another chance for me to sink my claws into this community and have a say (vote) on what projects I thought we’re interesting and had future potential. Then one day, I was browsing my everyday subreddits and kept seeing posts that The DAO was being siphoned! The DAO had raised more than $140 Million, and been drained to around $50 Million. You can read about it here.