new-bitshares logo download PNG or SVG

Information about new-bitshares

NBS is a decentralized finance (DeFi) cryptocurrency that operates on an open-source platform. It utilizes a Delegated Proof of Stake (DPoS) consensus algorithm, which ensures the security of its blockchain through a technology-based democracy system. By implementing a voting and election process, NBS prevents centralization and malicious use of the blockchain. It utilizes advanced Graphene technology, making it one of the most advanced blockchain technologies available.

NBS serves as the native utility token for various purposes. It is used to pay for transaction processing fees and data storage. Additionally, NBS tokens are used for governance votes, allowing users to determine how network resources are allocated. Holders of NBS tokens can also lend them out with customizable reserve levels. Moreover, contributors to the NBS system, such as witnesses and workers, are rewarded with NBS tokens.

NBS offers a range of tools to support its users. This includes NBS SDKs, which provide standard data structures and testing tools for developers. The NNS Wallet allows application developers to create user-friendly experiences. The NBS Explorer assists in contract debugging and provides insights into network performance. Additionally, the NBS Command Line Tools enable developers to deploy applications from their local environments.

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