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Bitshares explaination by wallbb

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· @wallbb ·
$2.87
Bitshares explaination
Hi guys,
I have understood why people support bitshares so much. 
I mean what advantages does it serve any advantage over existing crypo currency ?
I have never heard about this currency and people were talking about it today so I am really interested.

Looking forward to your response.
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vote details (17)
@fractalnode · (edited)
I see it this way: 
* 0% bitCNY, bitUSD, (....) loan for BTS deposit
* ~3300 transaction per second – measured, ~150000 tps in laboratory conditions
* 3 sec block time (1,5 sec avg. )
* your wallet is decentralized exchange 
* Flexible Multi-Signature https://bitshares.org/wallet/#/help/accounts/permissions
* 7 different types of Assets: 
  * Bitshares (BTS) – Core token
  * User Issued Assets (UIA)
  * Exchange Backed Assets (EBA)
  * Market Pegged Assets (MPA)
  * Privatized Bit-Assets (PB)
  * Prediction Market Asset (PMA)
  * Fee-Based Asset (FBA)
* first self-governance blockchain
* first smart-contract – bitUSD, bitCNY
* 62 types of small flat fixed fees
* working fast stable coins bitUSD, bitCNY, (...)
* parametrized blockchain – fee was reduced 3 days ago without hardfork
* Insurance – https://bitsharestalk.org/index.php?topic=23852.0
* prediction market – https://steemit.com/bitcoin/@kingscrown/bet-for-winklevoss-etf-approval-by-sec-on-bitshares-dex-with-steem
*  Bitshares 1st gen. was introduced by Dan Larimer – aka bytemaster and dantheman in 2014, Bitshares 2.0 in 2015
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vote details (1)
@wallbb ·
$1.96
I feel most of them are covered by other crypo as well, I may be wrong.
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vote details (2)
@funkit ·
$1.84
You are wrong. There are some other exchanges popping up. That's right. Otherwise there is only steem that can compare.
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vote details (3)