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Bitshares (BTS) is a pioneering cryptocurrency that was launched in 2014. It was developed by Dan Larimer, the same person behind other prominent blockchain projects like Steem and EOS.

The aim behind the creation of Bitshares was to address the limitations and challenges faced by traditional financial systems. By utilizing blockchain technology, Bitshares allows users to trade and transact in a decentralized and secure manner.

Key Features of Bitshares:

1. Decentralization: Bitshares operates on a decentralized network, meaning that there is no central authority governing the transactions. This eliminates the need for intermediaries such as banks or financial institutions, resulting in reduced fees and faster transactions.

2. Smart Contracts: Bitshares incorporates smart contract technology, which enables the execution of contractual agreements and transactions without the need for intermediaries. This feature ensures the accuracy and transparency of transactions.

3. Stablecoins: Bitshares introduced stablecoins, which are cryptocurrencies pegged to the value of a stable asset, such as the US dollar or gold. This feature allows users to benefit from the price stability of these assets while still utilizing the advantages of decentralized cryptocurrencies.

4. High Scalability: Bitshares has the ability to handle high transaction volumes without compromising its efficiency. This scalability is achieved through a technology called Delegated Proof of Stake (DPoS), which allows for fast and secure consensus mechanisms.

5. Decentralized Exchange: Bitshares also offers a decentralized exchange (DEX) platform, providing users with the ability to trade various cryptocurrencies directly on the blockchain. This eliminates the need for trusting centralized exchanges and increases security and control over users' funds.

Bitshares has gained recognition and popularity in the cryptocurrency industry due to its innovative features and commitment to decentralization. It has influenced the development of other blockchain projects and continues to contribute to the growth of the crypto market.

In conclusion, Bitshares (BTS) is a decentralized cryptocurrency that offers various features such as smart contracts, stablecoins, high scalability, and a decentralized exchange. It aims to revolutionize traditional financial systems by providing faster, more secure, and cost-effective transactions.