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Delegated Proof of Stake (DPOS). DPOS attempts to solve the problems of both Bitcoin’s traditional Proof of Work system, and the Proof of Stake system of Peercoin and NXT. DPOS implements a layer of technological democracy to offset the negative effects of centralization.
BitShares is a blockchain based technology for next generation entrepreneurs, investors, and developers with a common interest in finding free market solutions by leveraging the power of globally decentralized consensus and decision making. Consensus technology (POW, POS, dPOS and many other current forms) has the power to do for economics what the internet has done for information. It can harness the combined power of all humanity to coordinate the discovery and aggregation of real-time knowledge, previously unobtainable. This knowledge can be used to more effectively coordinate the allocation of resources toward their most productive and valuable use.
Ox(ZRX), OMG(OMG), Ethereum(ETH)
“During ongoing quality assurance and documentation improvements, we have realized unfavourable use of terminology in the published whitepapers.
As a consequence, and to reduce misunderstandings, we have taken down the old whitepapers in order to properly review them under legal guidance.”
INITIAL COIN OFFERING (ICO)
Creators / Founders
Daniel Larimer –Founder
Daniel Larimer is a software programmer. Larimer created the cryptocurrency platform BitShares, was co-founder of the blockchain social platform Steemit, and is CTO of EOS, with the company block.one (2017). Daniel Larimer was also the creator of the DPOS ( Delegated Proof of Stake Algorithm ) consensus algorithm and Graphene technology. In February 2018, Forbes estimated Larimer’s net worth between $600 to $700 million.
Charles Hoskinson –Founder
Charles Hoskinson is a Colorado based technology entrepreneur and mathematician. He attended Metropolitan State University of Denver and University of Colorado at Boulder to study Number Theory and Mathematical Logic prior to moving into cryptography via industry exposure.
His professional experience includes founding two Bitcoin related start-ups- Invictus Innovations and Ethereum- and a variety of colorful positions in the public and private sector. He was the founding chairman of the Bitcoin Foundation’s education committee and established the not for profit Cryptocurrency Research Group in September of 2013.
Core Development Team
Li Xiaolai is blockchain investor from China, has many other “identities”, which are the legendary richest bitcoin owner, one of most popular columnist whose special column named “The road to Wealth” in Magazine “DeDao” has more than 170 thousand subscribers, and an English teacher in the School of New East. In the recent regulation storm of China, EOS, a decentralized blockchain program Mr. Li Xiaolai invested, PressOne, his ICO project, a content distribution public blockchain based on the EOS and yunbi.com, one of the most famous CryptoCurrency exchanges in China of which he is one of the major shareholder, has undergo a great change.
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