Welcome to the 40th Bitshares State of the Network (BSotN) report. A weekly report focusing on the changes in the ecosystem and track longer term changes in a effort to identify emerging trends and changes in the Bitshares platform.
Bitshares - State of the Network - 20th June 2017
The Bitshares State of the Network Reports seeks to combine raw data from a wide range of metrics and combine them into meaningful information to identify emerging trends and changes in the Bitshares network.
Observation from this week
This section will highlight any observations made while analysing the data.
@stan has revealed the development and management firm that will take control of the Billion HERO Challenge, The company DigitalLaunch has done work with Ice-T, Carmen Electra, Coca-Cola, Pepsi, The NBA and many more. The campaign is scheduled to start on the 4th of July 2017 and will roll out slowly in a strategic approach building information gradually and seeding the world with content before leading into Press events, cable news appearances and support by major celebrities. For more information please see @stan's recent post HERE
4th of July will see the start of the Billion HERO challenge and will also see @Stan lock up $1 Million USD worth of Bitshares as collateral. This collateral will be used as the prize money for the Billion HERO challenge. I recommend following @stan as there is some big news announcement expected to be released on or before the 4th of July.
cm-steem has created BSIP-019 (Bitshares Improvement Proposal) relating to Profit Sharing / Dividends feature which could be used on the holders of Core, MPAs, UIAs and FBAs. Peerplays have implemented this feature in the Peerplays Network, so if this feature is supported a worker could be created to review the previous work done by the PSVA and port the code into the Bitshares core network. You can find out further details and see the formal BSIP HERE
@kencode has announced through the support of his team and @onceuponatime work at Bitshares Munich has resumed; IT is great to see Ken back in action with the full support of his team as demonstrated in this week Bitshares hangout. This weeks updates show that work on Blockpay and Carbon started this week and Stealth and GrapheneJ being resumed next week! Ledger Nano S integration will kick off in a few weeks once the Dev team is back to full steem with Trezor support taking a back seat for now given the pending firmware release in relation to Trezor 2. Ken has also resumed his weekly updates and will be posting them with the steem account @kencode. be sure to follow him to stay up to date on all the latest developments. This weeks update can be found HERE
Ronny Boesing (CEO of OpenLedger is celebrating their 50,000th user sign up with a sharedrop of QORA GOLD (Openledger asset representing 1000 native QORA tokens) on to any Bitshares user holding >= 50 OBITS or >= 1000 QBITS, with remaining supply from 100 Million QORA potentially being share-dropped on any OBITS holders. Check out the press release HERE
Josh Kegode @pawnuts has proposed the formation of a Non Profit Organisation to focus on presenting a public face that is professional, helpful and welcoming to new members of the Bitshares Community. Responsibilities would include Social media management and expansion of reach, Information distribution, support for new users design of information youtube videos including management of the channel and development/implementation of marketing strategies. You can find out more HERE
Ronny Boesing (CEO of OpenLedger) will be doing a live stream event HERE on June 23rd. Join up to get all the latest and upcoming news on OpenLedger, their partnerships and integrations.
@ash has done some work on the bitshares.org and bitsharestalk.org websites including fixing the links to social network resources on both pages and adding a telegram widget to the Bitsharestalk forum so that visitors can catch up with the chatter on the 'BitsharesDEX' telegram channel. He is also asking if anyone is interested in working on the Bitshares websites and some security tasks to reach out to him for discussions via E-Mail or Telegram (favdesu)
Ethereum hit the news yesterday with massive amounts of transaction bring their chain to a halt and causing heartache for general users and people looking to enter the Status ICO. @fav has done some quick calculations to determine the 90,000 transaction per hour that brought the Ethereum network to a crawl could be processed on the Bitshares network in a mere 25 seconds at previously tested transaction speeds. Full details HERE
This week has seen China dominate the trading markets with 84% of trade occurring in CNY instead of BTC when looking at traditional exchanges.
The total Smartcoin marketcap increased 54% this week to a total of 18.98 Million USD! please see the YTD chart plotting market cap below this section. With the largest increase in percentage terms coming from HERO and the largest change in USD terms being CNY
A new 3 Letter UIA has been issued this week (these are premium assets and as such are expensive assets) the asset is OCT with the description 'OCT是OracleChain项目在比特股内盘发行的代币，OracleChain团队承诺通过比特股内盘发售的OCT在OracleChain主网正式上线时以1:1 比例兑换为正式的OracleChain Token。'.
A new 3 Letter UIA has been issued this week (these are premium assets and as such are expensive assets) the asset is CHC with the description 'ChainsHomeCoin'.
Account 'ccedkbts' operated by OpenLedger has Registered a new 3 letter UIAs this week named MVS and a new 3 letter smartcoin named MTV.
Livecoin is set to open up trading for Peerplays (PPY) later this week. At that point Livecoin would support BTS, OBITS and PPY
@virtualgrowth is doing a weekly market update and token give away; Check out his post and vote on your favorite asset HERE, if you leave you Bitshares username in the comment you may even be one of the lucky recipients of the token giveaway.
This weeks Bitshares hangout recording has been published and is available HERE
Current registered wallets/accounts within the Bitshares network is 352171; an increase of 63351 wallets/accounts since last week
The last asset registered this week is asset #1431 and it is named 'CHC' registered by 'chainshome' with the description 'ChainsHomeCoin'
Smartcoin issueance chart showing weekly change since the start of 2017
Digital Launch - Development and Management firm that will manage the marketing campaign of the Billion HERO Challenge
Bitshares Distribution
This sections seeks to analyse the current distribution of the network. We look at the current supply, top 100 hodlers, Orders on the Bitshares Decentralized Exchange (DEX), Reserve pool balance and Income growth.
| Distribution | Balance | Change W/W | Change W/W % |
|---|---|---|---|
| BTS Supply | 2,596,206,819 |  143,281.00 | 0.01% |
| BTS Stealth | 268,827 | - | 0.00% |
| BTS in Open Orders (DEX T250) | 3063228.9 |  -1,055,987.50 | -16.31% |
| Reserve Pool | 1,004,363,927 | -144,237.00 | -0.01% |
| RP Accumulated fees | 3,329 | 1,971.00 | 40.82% |
| Collateral (top 250) backing Smartcoins | 411005846 | 20,740,455.00 | 4.95% |
| Top 100 Total | 1,501,031,065 | 1,706,460.00 | 0.12% |
| Top 100 - minus Exchanges | 462,480,510 | -17,309,717.00 | -3.49% |
| Exchanges | 1,038,550,555 | 19,016,177.00 | 2.00% |
| Non Exchanges | 1,557,656,264 | -18,872,896.00 | -1.14% |
Profit/Expenses from the Bitshares Reserve Pool
The chart below show historic profit/expense from the Bitshares Reserve Pool where a positive number represents a W/W profit and a negative number means a W/W expense; Bitshares expenses include witness and worker pay and income includes network fees.
BTS Trading
Looking at the most active trading pairs for Bitshares (BTS). Data displayed is a 24 hour snapshot as taken on the date of this report and not a reflection on the week as a whole.
| Market | Last Price | Price USD | 24hr Vol BTS | 24hr Vol USD | Vol % | Vol % Change W/W |
|---|---|---|---|---|---|---|
| CNY | 2.31 | 0.34 | 176,927,546.72 | 59,927,132.29 | 83.0% | -32.7% |
| BTC | 0.00 | 0.32 | 36,234,221.99 | 11,690,207.15 | 17.0% | -93.5% |
| EUR | 0.285714 | 0.32 | 570.61 | 181.97 | 0.0% | |
| WAVES | 0.07 | 0.40627294 | 0.00 | 0.00 | 0.0% | |
| USD | 0.302685 | 0.302685 | 0 | 0.00 | 0.0% |
Worker Proposals
This section will identify the current approved and pending worker proposals
Active Worker:
- Refund400k
Proposed Worker
- Alfredo Garcia, Bitshares Core Dev
- Soledger - Vikram/Agent86 - Project administration & essential maintenance
- Fund to pay dividend
DEX: Most Active Markets
This section will show the BTS markets within the DEX and seek to highlight the most active markets.
The most active base pair is BTS and the top 3 pairs are BTS, CNY and USD
Smartcoins
This sections seeks to analyse the current supply and market capitalisation of the Bitshares Smartcoins.
| Asset | Supply | Price | Market Cap BTS | Market Cap USD | Supply Change W/W |
|---|---|---|---|---|---|
| BTS | 2,596,206,819 | 0.33597643 | 2,596,206,819 | $872,264,298.59 | 0.0055% |
| BTS Stealth | 268,827 | 0.33597643 | 268,827 | $90,319.54 | 0.00% |
| Reserve Pool | 1,004,363,927 | 0.33597643 | 1,004,363,927 | $337,442,606.61 | -0.0144% |
| Accumulated fees | 3,329 | 0.33597643 | 3,329 | $1,118.47 | 145.13% |
| BitUSD | 5,499,205 | 3.21 | 17,652,448 | $5,499,205.00 | 29.90% |
| BitCNY | 86,495,113 | 0.437 | 37,798,364 | $12,699,359.52 | 68.79% |
| BitEUR | 114,904 | 3.59 | 412,505 | $138,592.08 | -12.88% |
| BitBTC | 101.6 | 8,422 | 855,675 | $287,486.70 | 2.01% |
| BitGold | 104 | 4,007 | 416,728 | $140,010.79 | 5.05% |
| BitSilver | 10,769 | 53.5 | 576,142 | $193,569.96 | -1.86% |
| Ruble | 1,395,100 | 0.0541 | 75,475 | $25,357.79 | 31.78% |
| HERO | 1,946 | 501 | 974,946 | $327,558.88 | 170.27% |
Referral Stats
This section will track user referrals, to gauge active refers overtime. The chart below shows in blue the total number of referred users and in orange the new referrals for this week.
| Account | Referrals | Change W/W |
|---|---|---|
| bitshares-munich | 3592 | 146 |
| compumatrix1 | 2279 | 6 |
| jianjolly-0 | 1743 | 0 |
| btsabc | 1735 | 316 |
| sdr | 805 | 159 |
| openledger | 524 | 0 |
| cryptocurrency3 | 479 | 16 |
| fav | 472 | 14 |
| cryptofresh | 447 | 32 |
| gn1 | 331 | 13 |
| ccm2015 | 265 | 0 |
| ebit | 257 | 23 |
| by24seven | 254 | 14 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| bitcrab | 62 | 32 | 236.6 | -0.8 |
| xeroc | 30 | 162 | 214.5 | -11.3 |
| laomao | 35 | 4 | 167 | -20.6 |
| fav | 16 | 72 | 56.7 | 41.4 |
| baozi | 28 | 66 | 56.4 | 1.8 |
| btsabc | 59 | 25 | 12.3 | 0.6 |
| abit | 40 | 441 | 11.9 | 0.1 |
| yao | 35 | 36 | 10.6 | 0.4 |
| bunkerchainlabs-com | 34 | 14 | 8.6 | 0 |
| dahu | 21 | 2 | 8.2 | 0.2 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 832.9 | -56.5 |
| abit | 824 | -26.5 |
| bhuz | 786.7 | -49.2 |
| clayop | 709.2 | -49.3 |
| chris4210 | 671 | -12.2 |
| xeroc | 654.9 | 18.2 |
| bunkerchainlabs-com | 610.9 | 27.8 |
| harvey-xts | 463.3 | -43.2 |
| ebit | 432.8 | 3.4 |
| openledgerdc | 443.3 | 35.6 |
| witness.still | 335 | 32.9 |
Active Witnesses
This section will track top 25 active witnesses and the changes in support
| Rank | Witness | Votes | Missed | Missed W/W |
|---|---|---|---|---|
| 1 | wackou 1.6.18 | 853.9 | 1283 | 2 |
| 2 | verbaltech2 1.6.34 | 852.7 | 1223 | |
| 3 | in.abit 1.6.35 | 843.9 | 311 | 1 |
| 4 | bhuz 1.6.17 | 807.5 | 1101 | |
| 5 | witness.yao 1.6.71 | 806 | 3141 | 1 |
| 6 | fox 1.6.16 | 804.2 | 2918 | 9 |
| 7 | xman 1.6.64 | 801.3 | 1170 | 1 |
| 8 | rnglab 1.6.45 | 795.2 | 1367 | 18 |
| 9 | delegate.baozi 1.6.37 | 779.9 | 1033 | 3 |
| 10 | jerryliu 1.6.72 | 778.9 | 5292 | 1 |
| 11 | witness.still 1.6.69 | 756.3 | 8390 | 3 |
| 12 | xn-delegate 1.6.59 | 755 | 2303 | 4 |
| 13 | xeldal 1.6.22 | 694.6 | 1273 | |
| 14 | roelandp 1.6.74 | 658.4 | 3 | 1 |
| 15 | openledger-dc 1.6.76 | 650.9 | 47 | |
| 16 | blckchnd 1.6.75 | 629.8 | 194 | |
| 17 | abc123 1.6.65 | 620.9 | 854 | |
| 18 | sahkan-bitshares 1.6.73 | 576.3 | 160 | |
| 19 | delegate-1.lafona 1.6.28 | 575.5 | 706 | |
| 20 | delegate.freedom 1.6.63 | 566.7 | 3614 | 11 |
| 21 | harvey-xts 1.6.23 | 566.1 | 5181 | |
| 22 | elmato 1.6.20 | 565.4 | 3675 | |
| 23 | mr.agsexplorer 1.6.24 | 544.2 | 2911 | 1 |
| 24 | spartako 1.6.15 | 505.9 | 1009 | 15 |
| 25 | delegate-clayop 1.6.27 | 487.7 | 4316 |
Top 100 Distribution including Exchanges
This section looks at the top 100 rich list and compares account balances, this section will seek to identify changes in ownership which may lead to interesting investigations and early warning signs of upcoming projects
| Rank | Account | Balance(inc orders) | Orders | Change W/W | Change W/W % |
|---|---|---|---|---|---|
| 1 | poloniexcoldstorage | 290,001,203 | 0 | - | 0.00% |
| 2 | chbts | 158,111,655 | 0 | 54,766,730.00 | 52.99% |
| 3 | yunbi-cold-wallet | 150,000,001 | 0 | -29,995,186.00 | -16.66% |
| 4 | bitcc-bts-cold | 108,767,311 | 0 | 2,348,298.00 | 2.21% |
| 5 | yunbi-granary | 100,000,000 | 0 | - | 0.00% |
| 6 | bittrex-deposit | 62,274,129 | 0 | -2,708,400.00 | -4.17% |
| 7 | btschbtc | 50,000,990 | 0 | - | 0.00% |
| 8 | jubi-bts | 42,261,984 | 0 | 7,362,063.00 | 21.09% |
| 9 | bterdeposit | 25,744,212 | 0 | 1,546,170.00 | 6.39% |
| 10 | poloniexwallet | 21,464,274 | 0 | -2,638,455.00 | -10.95% |
| 11 | stan | 20,618,811 | 0 | -2.00 | 0.00% |
| 12 | aloha | 20,615,783 | 0 | 612,479.00 | 3.06% |
| 13 | yun-bts | 16,875,684 | 0 | -98,949.00 | -0.58% |
| 14 | echocold1 | 16,577,637 | 0 | 16,477,637.00 | 16477.64% |
| 15 | btercom | 13,049,112 | 0 | - | 0.00% |
| 16 | tsuratsura-3557 | 12,414,229 | 0 | -1.00 | 0.00% |
| 17 | jy2017 | 11,696,101 | 0 | - | 0.00% |
| 18 | cass | 11,386,125 | 0 | 385,720.00 | 3.51% |
| 19 | abit | 11,381,601 | 0 | - | 0.00% |
| 20 | evan | 10,659,692 | 0 | - | 0.00% |
| 21 | mcxcwbts | 9,800,705 | 0 | - | 0.00% |
| 22 | virtual-ventures | 9,318,078 | 0 | - | 0.00% |
| 23 | roje | 8,850,430 | 0 | - | 0.00% |
| 24 | invictus | 8,815,143 | 0 | - | 0.00% |
| 25 | ibilitlan-scoltock | 8,673,958 | 0 | - | 0.00% |
| 26 | cievia-waugaman | 7,990,213 | 0 | - | 0.00% |
| 27 | graphene2015 | 7,744,107 | 0 | - | 0.00% |
| 28 | jiny2 | 7,720,569 | 0 | 11,674.00 | 0.15% |
| 29 | haeassa-granovsky | 7,431,931 | 0 | - | 0.00% |
| 30 | alexna64 | 7,263,382 | 0 | - | 0.00% |
| 31 | ddd555 | 7,155,073 | 0 | - | 0.00% |
| 32 | abinia-rivard | 6,550,563 | 0 | - | 0.00% |
| 33 | keebler-kahn | 6,500,770 | 0 | - | 0.00% |
| 34 | millibit53 | 6,234,726 | 0 | - | 0.00% |
| 35 | bts-morning | 5,927,958 | 0 | -157,370.00 | -2.59% |
| 36 | fericia-brick | 5,766,623 | 0 | - | 0.00% |
| 37 | bts-19800 | 5,765,018 | 0 | 476,266.00 | 9.01% |
| 38 | btszhqxf | 5,734,712 | 0 | - | 0.00% |
| 39 | hnnr8 | 5,460,997 | 0 | -5,010,005.00 | -47.85% |
| 40 | linhan | 5,425,095 | 0 | - | 0.00% |
| 41 | cadord-ozois | 5,423,173 | 0 | - | 0.00% |
| 42 | spring | 5,365,474 | 0 | - | 0.00% |
| 43 | xhunter | 5,192,094 | 0 | -30,000.00 | -0.57% |
| 44 | pay.xeroc | 5,180,363 | 0 | - | 0.00% |
| 45 | jeraud-kanze | 5,172,698 | 0 | - | 0.00% |
| 46 | brother-john | 5,074,573 | 0 | - | 0.00% |
| 47 | bts-198hot | 5,001,616 | 0 | -283,563.00 | -5.37% |
| 48 | coldstorage1 | 5,000,001 | 0 | -499,999.00 | -9.09% |
| 49 | onceuponatime | 4,812,306 | 0 | -2,004,980.00 | -29.41% |
| 50 | geravia-mackinnon | 4,777,691 | 0 | - | 0.00% |
| 51 | tyrone-shoelaces | 4,459,898 | 0 | - | 0.00% |
| 52 | btsxzzh2 | 4,348,432 | 0 | - | 0.00% |
| 53 | synergy3 | 4,256,728 | 85 | - | 0.00% |
| 54 | cryptonomex | 4,184,385 | 0 | -680,602.00 | -13.99% |
| 55 | slim | 4,153,504 | 0 | - | 0.00% |
| 56 | quonael-lievesley | 4,087,235 | 0 | - | 0.00% |
| 57 | tkoba99 | 4,034,150 | 1559 | - | 0.00% |
| 58 | wesley-waugaman | 3,921,027 | 0 | - | 0.00% |
| 59 | hermes3 | 3,832,195 | 0 | - | 0.00% |
| 60 | anonymous | 3,776,914 | 0 | 89,094.00 | 2.42% |
| 61 | blocktrades | 3,774,700 | 6674 | -376.00 | -0.01% |
| 62 | laplap5 | 3,493,800 | 0 | - | 0.00% |
| 63 | trans.bot | 3,490,753 | 0 | -1,480,293.00 | -29.78% |
| 64 | jackkang | 3,397,299 | 0 | -101,457.00 | -2.90% |
| 65 | btsnow | 3,348,715 | 0 | -92.00 | 0.00% |
| 66 | scottmclane | 3,251,127 | 0 | - | 0.00% |
| 67 | jaehyuk | 3,227,053 | 0 | -200,001.00 | -5.84% |
| 68 | bafohald-degeorge | 3,189,866 | 0 | - | 0.00% |
| 69 | wind-flower | 3,174,192 | 0 | - | 0.00% |
| 70 | goodc0re | 3,062,300 | 0 | - | 0.00% |
| 71 | bristolbay | 3,016,558 | 0 | -273,423.00 | -8.31% |
| 72 | null-account | 3,011,945 | 0 | - | 0.00% |
| 73 | rice123 | 3,005,114 | 0 | 2,783,334.00 | 1255.00% |
| 74 | chsend | 2,966,831 | 0 | -210,493.00 | -6.62% |
| 75 | bts-scotter | 2,964,673 | 213 | 999,100.00 | 50.83% |
| 76 | bitcoinindonesia | 2,957,086 | 0 | 234,136.00 | 8.60% |
| 77 | tel-911 | 2,909,136 | 0 | - | 0.00% |
| 78 | btsbtsx | 2,861,091 | 0 | 2,350,365.00 | 460.20% |
| 79 | abc2000 | 2,823,971 | 20833 | 1,829,785.00 | 184.05% |
| 80 | yoyow.team | 2,763,296 | 0 | - | 0.00% |
| 81 | dev.bitsharesblocks | 2,699,548 | 0 | -2,758.00 | -0.10% |
| 82 | oraclechain | 2,690,193 | 0 | 2,590,193.00 | 2590.19% |
| 83 | ddd888 | 2,667,352 | 0 | -502,751.00 | -15.86% |
| 84 | mostar | 2,557,690 | 0 | -190,044.00 | -6.92% |
| 85 | hardfork2 | 2,545,413 | 0 | - | 0.00% |
| 86 | satoshi-pie | 2,541,024 | 0 | -1,156,766.00 | -31.28% |
| 87 | serg | 2,538,926 | 0 | 23,142.00 | 0.92% |
| 88 | chainsquad | 2,528,017 | 0 | - | 0.00% |
| 89 | rg33m43ffaeqdrnk | 2,511,901 | 0 | - | 0.00% |
| 90 | thread | 2,485,990 | 0 | - | 0.00% |
| 91 | koocaa | 2,453,144 | 0 | 999,949.00 | 68.81% |
| 92 | bunkerchainlabs-com | 2,452,180 | 24450 | -287,549.00 | -10.50% |
| 93 | spook | 2,296,849 | 0 | - | 0.00% |
| 94 | b1tshares | 2,247,821 | 0 | 165,007.00 | 7.92% |
| 95 | nana-roseannadana | 2,209,986 | 0 | - | 0.00% |
| 96 | yvg1900 | 2,201,037 | 0 | - | 0.00% |
| 97 | kedaliwin-tefft | 2,192,433 | 0 | - | 0.00% |
| 98 | talos | 2,171,652 | 0 | - | 0.00% |
| 99 | demo.btsbots | 2,134,932 | 187632 | 1,019,426.00 | 91.39% |
| 100 | ivy0330 | 2,130,429 | 0 | - | 0.00% |
Thanks for viewing :)
I value your feedback.
Is there something more you would like me to track in these reports? or do you have some information for the next BSoTN report? please let me know in the comments, on steemit.chat, in the 'BitsharesDEX' Telegram group or every Friday in the the BeyondBitcoin Hangouts.
I hope you enjoyed this report! :)
Image Credit: @cass
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