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$0.007944

  -4.97%

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What is New BitShares?

New BitShares (NBS) is a fork of BitShares (BTS), a Delegated Proof-of-Stake (DPoS) public blockchain infrastructure which started off as a decentralised cryptocurrency exchange.

  • New BitShares continues to use the DPoS consensus, and the fork will only reverse the functions that have not been approved by the BTS committee for BTS4.0.
  • Functions that will not be included in NBS include; voting weight decay, one vote for one vote committee elections, locked voting, counting of non-locked accounts votes as zero & removal of rights to vote when BTS is used as collateral.
  • The NBS token is used for transaction fees, voting, as a store of value, as collateral and staking within the NBS network.

The NBS team believe that long-term governance ailments of the BTS community have hindered the development of the platform. The China BitShares Association conducted a fork in review of the situation and hope that through the new development plan, New BitShares can realise the original mission of BitShares.

How do I buy New BitShares?

1.
Deposit funds into your account.
2.
Enter the amount of New BitShares (or Australian Dollar equivalent) that you would like to buy.
3.
Click ‘Buy' to confirm your New BitShares purchase and your New BitShares will arrive in your CoinSpot wallet within minutes.
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