Ep 39 - Exploring The BitShares Ecosystem, DPOS, Graphene, and DEXs

In this episode of LAB Radio, Aaron Mangal discusses the
Bitshares ecosystem, the Graphene engine that underlies it and
algorithms like Delegated Proof of Stake (DPOS) with Kevin
Messerly. Graphene was originally designed by Daniel Larimer who
also founded Steemit and EOS.


Kevin Messerly, Proxy and DEXBot Team Manager


"I have six years experience as a cryptocurrency investor and
advocate. Additionally, I have four years experience as a sales
executive/account manager with a track record of high performance
and strong work ethics. On top of that I have over fourteen years
experience as an intelligence analyst for the United States Army
and Department of Defense. I have successfully operated in high
stress environments, requiring 13 hour shifts, six or seven days
a week, throughout four deployments in Southwest Asia,
South-Central Asia, and Africa for a total of 49 months."


Graphene is the underlying technology that underlies BitShares
and several other Cryptocurrency projects like Steemit and EOS.
Graphene is an open source C++ blockchain implementation, which
acts as a consensus mechanism.


BitShares also has the ability to issued market pegged assets
which are tied with real-time real world prices.


The BitShares market pegged BitAssets system


Ultimately, BitShares operates more as an equity rather than a
purist “currency” since BTS tokens are used as collateral for a
variety of decentralized financial services like decentralized
exchanges, banking, derivative creation (of market pegged
“bitAssets”) and currency rails.


Thanks for checking out LAB Radio.


After listening to this episode you will learn:


Kevin's origin story and how he first discovered
Cryptocurrency in 2011

Why BitShares, in particular, caught Kevin's eye

How BitShares leverages a suite of services including a DEX,
bank and even user issued assets (UIA)

About BitShares and how it had the first stable coin and
market pegged assets (MPA) system

The construct of Witnesses who process transactions and
maintain price feeds

The concept of decentralized banking and how you can borrow
against your BitShares as collateral

How Black swan events and collateral are handled by the
system

The risk and challenges of growing an ecosystem like
BitShares

The benefits of Decentralized Exchanges (DEXs)



For show notes and more please visit: LAB Radio