Bitshares (BTS) is a public, blockchain-based, real-time financial platform, peer-to-peer (P2P) distributed ledger and network that can issue collateralized market-pegged smart coins known as bitAssets. Bitshares formerly known as ProtoShares, it can issue crypto-based assets, entitled by bitAsset, that can track real-world markets like the USD, such as the bitUSD. The BTS, which can be converted at any time at an exchange rate set by a trustworthy price feed. BTS was created by Dan Larimer, the co-founder of EOS, Steemit, and Cryptonomex. BitShares also has its own decentralized (without having one central area of command) exchange. It provides a decentralised asset exchange.