Home Coins BitShares (BTS) BitShares Asset Terminology | BitShares.org Information

BitShares Asset Terminology | BitShares.org Information

Dev’s nook is a brand new part of BitShares Information the place builders concerned with the BitShares venture submit technical associated briefs and observations. On this first submit, John Jones discusses phrases used round BitShares property.

The BitShares Core code distinguishes between BitShares property within the following method:

  1. CORE – A base asset. Just one exists on the chain, and is created throughout the Genesis Block. On the BitShares mainnet, that is BTS. On the BitShares testnet, that is TEST.
  2. Consumer Issued Asset (UIA) – An asset issued by a BitShares account(consumer).
  3. BitAsset – An asset that’s backed by one other. The backing asset is both CORE or an asset that itself is backed by CORE.

Some BitAssets have their parameters managed by the BitShares Committee. These are distinguished by the ‘bit’ prefix(i.e. bitUSD, bitCNY, bitEUR, bitBTC). The worth feeds for these property come from committee members or witness members.

BitAssets may be break up into two sorts:

  1. Market Pegged Asset (MPA) – Belongings who’s worth is predicated on exterior worth feeds (versus the interior DEX market), and backed by the CORE asset or one other asset that itself is backed by CORE.
  2. Prediction Market (PM) – Specialised BitAsset the place whole debt and whole collateral are equal. As soon as a worth feed (which will likely be between zero and 1) is revealed, the market is globally settled.

Word: “Smartcoin” is an trade time period with just a few definitions. People who consult with “smartcoins” on the BitShares platform are in all probability referring to Market Pegged Belongings (MPA’s).

Understand that property should have some form of alternate charge to calculate charges. This charge known as the Core Change Charge (CER).

Supply

Supply hyperlink

Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
474FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,579FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.19
GBP
1.30
CHF
1.10
NOK
0.11
JPY
0.01
CAD
0.76
AUD
0.73

Most Popular

ERC-20 token’s market cap overtakes Ethereum’s

The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, suggest that Ethereum is temporarily being ‘professionalized’. Since the September 2nd market crash, the...

GPU Manufacturer Nvidia Buys Chip Maker ARM for $40 Billion

California-based Nvidia is buying British computer chip designer Arm Holdings from Softbank Group Corp. in a deal worth $40 billion.Nvidia, which specializes in...

Timers’ Ongoing IPM Presale Will Help Tackle Challenges of the Next Industrial Revolution

For the first time in history, a human’s intrinsic ‘time value’ is being used as a currency for trading, as IPM is...

Despite yETH returns of 2%, Yearn pushes forward with WBTC Vault

The popular yield farming decentralized finance (DeFi) protocol Yearn Finance is progressing with its forthcoming Wrapped Bitcoin (WBTC) Vault.The team has submitted a MakerDAO...
bitcoin
Bitcoin (BTC) $ 11,005.45
ethereum
Ethereum (ETH) $ 388.19
ripple
XRP (XRP) $ 0.254926
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 238.54
bitcoin-cash-sv
Bitcoin SV (BSV) $ 164.39
litecoin
Litecoin (LTC) $ 49.00
eos
EOS (EOS) $ 2.75
binancecoin
Binance Coin (BNB) $ 28.30
okb
OKB (OKB) $ 6.18
tezos
Tezos (XTZ) $ 2.50
leo-token
LEO Token (LEO) $ 1.19
cardano
Cardano (ADA) $ 0.093549
monero
Monero (XMR) $ 93.22
stellar
Stellar (XLM) $ 0.080034
chainlink
Chainlink (LINK) $ 10.93
huobi-token
Huobi Token (HT) $ 4.85
tron
TRON (TRX) $ 0.029450
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 73.11
neo
NEO (NEO) $ 24.46
iota
IOTA (MIOTA) $ 0.278706
nem
NEM (XEM) $ 0.103500
zcash
Zcash (ZEC) $ 59.66
maker
Maker (MKR) $ 493.96
paxos-standard
Paxos Standard (PAX) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 5.20
vechain
VeChain (VET) $ 0.014152
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 3.90
kucoin-shares
KuCoin Shares (KCS) $ 1.20
waves
Waves (WAVES) $ 2.52