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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 \\u201ccurrency\\u201d since BTS tokens are used as collateral for a variety of decentralized financial services like decentralized exchanges, banking, derivative creation (of market pegged \\u201cbitAssets\\u201d) and currency rails.

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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