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.