Blockchain-based digital assets platform Antshares is creating a peer to peer platform that allows people to collaborate, build and share financial assets on a decentralized network. The platform is currently in the process of running an ICO in which it has raised over 4400 bitcoins in the first two weeks. The ICO began on August 8, 2016 and will continue till September 7, 2016.
Antshares facilitates the creation of digital assets and conversion of real-world financial assets to virtual ones. People can register, deposit, transfer, trade and make settlement of digital assets over the Antshares network.
Activities on Antshares network are registered as e-contracts on the underlying blockchain. These e-contracts can be used to maintain a record of transactions and rights associated with digital assets like equities, claims, securities, financial contracts, credit points, bills and currencies. E-contracts have to be signed and verified by both the sender and the recipient to ensure compliance with existing legal, regulatory and compliance structures.
Unlike other blockchain based financial asset platforms that use cryptocurrencies for transactions and value exchange, Antshares allows people to use fiat currency over its blockchain. The use of fiat currency is intended to increase the stability of the platform.
The user-controlled identity authentication allows parties to the contracts to request for a digital signature from others to verify the identity of those involved in the process. The digital signatures are registered on the blockchain and it is accessible only by the parties involved in the transaction.
Also, Antshares allows joint book-keeping where more than one person is involved in the process. In this process, the bookkeeping nodes are generated following an internal consensus. To make the platform more energy and time efficient, Antshares uses distributed Byzantine Fault Tolerance Consensus Algorithm to separate bookkeeping nodes from ordinary listening nodes that match orders and generate blocks to be added later on to the bookkeeping node. Antshares private blockchains can be customized by organizations to meet their specific requirements.
Antshare is a digital asset representing the ownership of the Antshares platform. In order to facilitate payment of fees and other transactions for the platform’s operations, Antshares has dedicated another crypto-token called AntCoin. The platform has fixed the total number of Antshares and AntCoins at 100 million, with the smallest unit of the asset being 1 Antshare.