BitShares (BTS) was first introduced in a White Paper titled? A Peer-to-Peer Polymorphic Digital Asset Exchange? From Charles Hoskinson, Daniel Larimer, and Stan Larimer. It's a brand of open-source software dependent on the technologies as used by Bitcoin.
Unlike bitcoins, which do not produce any income for their owners, BitShare can be utilized to launch Decentralized Autonomous Businesses (DACs) which issue shares, produce profits and distribute profits to shareholders.
Therefore, BitShares is about making companies that people wish in, thus creating the yield for the shareholders. The first DAC launched by this procedure was called a asset exchange, BitSharesX. BitShares was originally launched under the name of ProtoShares (PTS); it was renamed to BitShares (BTS) and also"reloaded" in November 2014 by consolidating a number of products into BitShares (BTS).