Bitshares is a P2P decentralised blockchain platform and network co-founded by Daniel Larimer (Steemit and EOS co-creator) and Charles Hoskinson in 2017. The project, which was initially named ProtoShares, allows the distribution of its collateralized digital coins called bitAssets. For example, the system can issue various digital assets and trace global markets, such as USD (bitUSD). Each digital coin presented on the platform is backed by the BitShares’ native token BTS that can be exchanged at any time for any other smart coin. The exchange rate is constantly controlled and established by a reliable price source.