In this article, What is New Bitshares (NBS)? We will answer the question and provide detailed information about the project.
New BitShares (NBS) is a fork of BitShares (BTS), the public blockchain infrastructure Delegated Proof-of-Stake (DPoS) that started as a decentralized cryptocurrency exchange.
The fork continues to operate based on a DPoS consensus, and this fork will only reverse functions not 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 the NBS are: 1. Weight reduction, 2. One vote for the election of a voting committee, 3. Locked voting, 4. Counting unlocked account votes as zero and 5. Removing the rights voting when the BTS is used as collateral.
The NBS token is used for transaction fees, voting, store of value, as collateral, and staking within the New BitShares Network.
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