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New BitShares is primarily recognized as a decentralized exchange (DEX) and a smart contract platform. Unlike conventional exchanges, New BitShares empowers its users to trade assets without an intermediary, thereby minimizing risks associated with centralized platforms. Below are the cornerstone features that define this ambitious project:
Asset Issuance Platform: One of the most compelling aspects of New BitShares is its asset issuance capability. Users can easily create their own tokens, assets, and certificates by paying a minimal fee. This easily manageable process allows for a diverse range of applications, catering to various economic needs and providing a platform for innovation.
Decentralized Exchange (DEX): New BitShares facilitates a seamless and secure environment for exchanging assets. The blockchain technology underlying the exchange guarantees secure transactions and protects users from potential hacks, offering an alternative to traditional exchanges notorious for their vulnerabilities.
Cross-Chain Interaction: By allowing the exchange of assets across different blockchain networks, New BitShares brings unprecedented interoperability to the crypto environment. This functionality is made possible through automatic exchange contracts, streamlining transactions and enhancing user experience.