It was announced late this week that BitShares (BTS) transactions have been opened up on China-based crypto exchange CHBTC. The company listed BitShares on 18:00 on June 8th and the following day at 12:00 on June 9th officially opened web client transactions, with mobile app integration will be coming in the near future.
BitShares is a blockchain of financial services and development platform, the system has built-in transfer, exchange, asset management, information transmission, information display, advanced multi-signature, feed input (collection of other system information ) and other underlying functions.
The BitShares platform provides a global trading network, with the decentralized exchange able to process 100,000 transactions per second. The BitShares platform itself is run and maintained by the BitShares community–an open consortium of individuals and organizations committed to providing universal access to the power of smart contracts.
BitShares is open-source software based on blockchain technology as used by Bitcoin. Unlike bitcoins, which do not produce any income for their owners, BitShares can be used to launch Decentralized Autonomous Companies (DACs) which issue shares, produce profits and distribute profits to shareholders.
BitShares (BTS) has risen on the news to reach 0.0011, almost reaching 0.0002 BTC per BTS on Saturday, June 10th.