CoinMarketCap has added AEX exchange's listed bitAssets such as dollar pegged smartasset bitUSD and loosely pegged asset bitCNY showing great volume.
Source: https://coinmarketcap.com/currencies/bitcny/#markets
Looks like smartcoin adoption is finally getting some steam!
BitShares Smartassets are incorruptible, decentralized, and provide a stable hedge against volatile cryptocurrencies.
so interessing info thanks for sharing
Its great news.
bts awareness is growing fast.
yep, it's a good sign
terima kasih atas info nya
info is very useful, hopefully more people are making transactions. thanks for sharing @ash 😊😊😊😊
great !!!!!!!! thanks for information sir
Nice photo,can Upvote my photo please !
I know that Bitshares is decentralized and that all transactions on the Bitshares DEX take place on the blockchain...
My question is, if I were to buy a bitUSD or bitCNY on the AEX exchange, is that transaction actually happening on the Bitshares blockchain or is it an IOU for one of those smartcoins?
Thanks.
it's an IOU until you withdraw to your BitShares wallet. that's how it is with centralized exchanges :')
It is slightly better this way. Still need a lot more volume.
it is, because you can audit their holdings and see if bitshares accounts = order volume
How do you do that? Can you explain?
I always look forward to your post. Thanks for the update.
But BitCNY on AEX is traded on their own platform, not utilizing the Bitshares DEX right?
it is, bitCNY must be shorted on bitshares to generate supply
In theory they could issue more tokens then what exists but they screwed if many people withdrawal at once, and they would have committed fraud.
but you can audit their bitshares accounts/wallets. so fractional reserve can't stay hidden long
Yes, someone volunteer and do the audit on a monthly bases, perhaps we can should propose this to the bitshares community?