Antshares has been quickly rising through cryptocurrency ranks lately. It is currently within the top 20 cryptocurrencies by market cap. Antshares price rose sharply towards the end of June, and it has since lost about half of its all-time high price, but it is holding firmly within the top 20. So, what is Antshares exactly, why did its price rise so much and so fast and how does this blockchain work? We took on the task of answering some of those questions for you.
What is Antshares?
Antshares is a smart assets platform – a combination of a smart contract blockchain and digital asset registrar. Antshares allows trustless asset registration, issuance, and circulation. Antshares supports several kinds of digital assets and uses digital certificates to enable trust for a public chain, and the assets issued by users via digital certificate are protected by law.
Users can also use smart contracts to enhance the functions of assets or other functions unrelated to assets. The main goal of Antshares is to build a financial system that can bridge the gap to real world assets. The project was created in 2014 and raised more than 8219 bitcoin during the two phases of its ICO in 2015 and 2016.
Antshares Encryption Type
The privacy protection scheme of Antshares combines multi-signature address concealment, the addition of homomorphic encryption and other leading cryptography techniques. Antshares uses additive homomorphic encryption to hide the transaction amount and the identity of its users. Nevertheless, this system allows the nodes in the network to verify the validity of the transaction. The other nodes in the network can verify that the balance of an asset is unchanged after the transaction is completed, so it is possible to verify the validity of the transaction without knowing the specific transaction amount.
Antshares cannot be mined. As per the information on its white paper, “100% of the total amount of Antshares shares in the creation of a block was created. Before the creation of Antshares the team set certain rules on the distribution of Antshares shares.” Nevertheless, the popularity of Antshares is increasing, so anyone interested can trade for them on supported exchanges.
Antshares Coin Type
Before anyone starts buying Antshares, it is important to understand the asset a little further. There are two built-in system assets: Antshares (ANS) and Antcoins (ANC). An Antshare gives user the ownership of a part of the blockchain. Just like a real company, where you can purchase a share, you get paid dividends, called Antcoins.
So, Antshares represent the ownership of the blockchain, which is used for electoral accounting, to obtain Antcoin dividends. Antcoins represent the right to use the blockchain, and are used to pay fees on the chain. The number of shares is capped at 100 million Antshare tokens created in the Genesis Block and distributed accordingly. The smallest unit of the Antshares is 1 Antshare and it cannot be divided.
Antshares Price Analysis
Antshares price is currently at about $5 USD according to Coinmarketcap data. Antshares price reached its all-time high in June with a price of $11.79 USD. As all the cryptocurrencies in the industry right now, Antshares is also experiencing a drop in the last few days, with a 50% price decrease since the end of June. The smaller coins are following the majors in cryptocurrency markets, which affected Antshares price as well.
As for the future price of Antshares, it is better not to speculate. Right now, it seems like the project gained enough traction to keep it within the top 20. However, Antshares price can drop at any given time. There are no clear indicators to say what may happen, but if the asset manages to garner wider adoption, Antshares could be here to stay. We will continue to follow this asset, its price and its user base as it develops.