Simply stated, a blockchain is a ledger of transactions, which can be secured and validated either locally or through a decentralized, peer-to-peer consensus mechanism. It holds a permanent, shared, digital history that cannot be altered or deleted. Since its inception with Bitcoin, blockchain technology has evolved to support a wide array of applications including stock issuance, bond markets, decentralized prediction markets, corporate and retail transactional management, and voting for political elections, just to name a few.
The newly developed BitShares 2.0 network has emerged at the forefront of several “next generation” blockchain technologies, combining an almost unlimited potential for app. and feature building with a network capacity of over 100,000 transactions per second (the combined capacity of Visa and the Nasdaq). BitShares 2.0 has also created the world’s first and only voter-based blockchain consensus algorithm, whereby every user of the network can vote on a