Read Our New Project Report About Bitcoin (BTC) - The World's Largest Cryptocurrency
New Bitshares (NBS)
Decentralized Public Chain for Financial Smart Contracts, and a Fork of Bitshares.
Share this article
New BitShares (NBS) is a fork of BitShares (BTS), a Delegated Proof-of-Stake (DPoS) public blockchain infrastructure that started off as a decentralized cryptocurrency exchange.
The fork continues to work based on a DPoS consensus, and this fork will only reverse the functions that have not been approved by the BTS committee for BTS4.0, other functions of BTS4.0 will continue to be used.
The functions that will not be included in NBS include: 1. Voting weight decay, 2. One vote for one vote committee elections, 3. Locked voting, 4. Counting of non-locked accounts votes as zero, and 5.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 New BitShares Network.