New BitShares is a fork of the BitShares (BTS) network. According to the official website, New BitShares is an open-source platform that uses advanced Graphene technology to build a fast and stable DeFi and DEX platform. Graphene is a blockchain technology that performs many transactions and allows mass adoption of apps built on it. The platform carries out mining in three ways: gold standard, coin standard, and referral standard for financial ecology. The aim is to target the development of blockchain DEX and DeFi projects.

New BitShares aims to provide the following solutions:

 NBS is the utility token of the New BitShares platform. The users can use NBS tokens to make transactions.

Moreover, the platform has a decentralized autonomous organization (DAO) community for governance. The community consists of NBS investors and blockchain enthusiasts with strong cohesion that functions as a delegated proof-of-stake (DPoS) consensus mechanism. In DPoS, the community allows any organization to vote and eliminate the ongoing assets or activities. The members can freely decide if the community program needs modification or not. 

Daniel Larimer, Stan Larimer, and Charles Hoskinson founded the BTS network. However, the fork came into existence on September 13, 2020.