When it comes to cryptocurrencies, many of us missed the bitcoin golden era when investing in bitcoin and other altcoins was at its most profitable. That era is slowly ebbing away, as institutional investors are now buying bitcoin in large quantities, it's only a matter of time before it becomes difficult for small traders to acquire.
So what lays ahead, for the crypto-world?...The introduction Decentralized Finance, saw an increase in the interest and usability of altcoins, as more use cases like Liquidity pools, crypto loans, leverage trading, etc drove the prices of most cryptocurrencies including Bitcoin, higher.
I believe the next big use case of cryptocurrencies would be Decentralized Organizations, where large firms and institutions would be at the fore front of cryptocurrency usage. This bring me to Bitshares.
Bitshares is not a new cryptocurrency, but has been there since the beginning alongside bitcoin, starting out as Protoshares, before finally rebranding to Bitshares in 2014. It has undergone a lot of changes since that time to become a solid foundation for building decentralized organizations.
At the start Bitshares was originally meant to have the same features of a traditional bank, with margin products like bitassets and a robust merchant protocol, however a problem arised. Regulations, legal developments and competition from Centralized Exchanges began to see businesses built on bitshares collapse to oblivion, that coupled with a poor governance structure caused bitshares to plummet from it's highs of 2018, during the first crypto bloom.
In terms of decentralized infrastructure, Bitshares is way ahead of it's competitors ethereum, eos, neo, waves and the rest, however due to a lack of interest by the crypto community in Decentralized Exchanges and a change of focus by the inventors, it has not had a clear path for a long while until now.
Now that crypto regulations are slowly becoming clearer, and a new governance structure is in place, Bitshares will become the go to Blockchain for decentralized businesses soon, this added with it's new automated marker Liquidity pools, Hash Time Locked Contracts, and strong interest in supporting decentralized start ups, it's only a matter of time before it begins to sky rocket like bitcoin is doing now.
What to do.... As a cryptocurrency investor bitshares is a coin worth taking a second look, add that to its vested interest in human capital development, like its slogan goes, "it's a Blockchain to be your own bank", an advanced digital platform for building decentralized organizations like bitshares will not take long to find it's feet on the global crypto-map in the near future, because bitshares is what true cryptocurrency is all about, transparency, efficiency, innovation, productivity, and decentralized governance.
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