Welcome to the 58th 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 - 24th October 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.
The BitShares Team has released an updated version of BitShares-Core (2.0.171019). This update is to address issue #433; a bug where a new asset was created and the fee wasn't paid in CORE assets. You can find the new release on github HERE
The BitShares Blockchain Foundation initiates the ‘Blockchain Academy Project’ which aims to provide the BitShares Testnet to students for educational purposes. Saxion University of Applied Sciences in the Netherlands is the first university to team up with the BitShares Blockchain Foundation to participate in the project which aims to familiarize students with the possibilities of the BitShares Blockchain. You can find more information HERE
Ronny Boesing (CEO of OpenLedger) has announced plans for further development of specific features on the Bitshares network and is asking for the communities help to determine which features should have priority. The proposed features are 1) Implementing a virtual machine (like Ethereum’s’ Virtual Machine) into Graphene, 2) Implementation of the Atomic Swap mechanism, 3) Creation of Fee Backed Asset and 4) Trustless (decentralized) BTC gateway. Voting closes on the 9th of November. You can view the whole proposal and cast your vote HERE
The BitUniverse team have released a new version of their 'Bitshares Wallet & Trade' mobile app (v 1.2.0.12). You can find the announcement HERE or find the wallet on the app store HERE
OpenLedger and MVP Asia Pacific have teamed up with Holy Angel University to Create Blockchain Innovation Lab. Ronny Boesing (CEO of OpenLedger) said “The announcement today of the inclusion of Blockchain and Cryptocurrency to the 2018 HAU curriculum will enable MVP and OpenLedger to stay at the forefront of legal and technical advancements in these rapidly evolving industries”. You can find more information HERE
@kencode has released his ‘The Agorise Report’ which includes updates from all the project he is working on including Stealth, Ledger Nano S, Graphenej, Mobile wallets and Point Of Sale systems. You can find his full report HERE
The OpenLedger team has announced the following: ‘OpenLedger is growing rapidly, and over at our R&D OpenLedger branch office in Minsk, Belarus, the staff is increasing weekly. In order to prepare for the future, October 1st of this year we moved into a new business environment, covering the top two floors of a business with 6 floors, which will allow us to host up to 200 team members. So far, we have 60 employees in this office. The beauty is that we now own the offices we use, adding extra weight to our future endeavours.’
Joel and Travis from 'The BAD Crypto Podcast' have entered the top referrer’s this week hitting 535 referrals, They are also the issuer of BADCOIN, which they are distributing to their listeners, Great job Guys!.
@estefantt has released the latest composition of the BIT20 index fund. Bit20 runs an algorithm that creates its new composition. By this process, it always includes the most promising coins. You can find more information on this week composition HERE
PSA: PoloniEX's Bitshares wallet is 'poloniexwallet' NOT 'poloniex'. There are warnings built into the Bitshares wallets regarding this account but it seems the last couple of weeks has seen some users who attempted to transfers BTS from Bittrex to PoloniEX accidently transfer their BTS to this name squatter. As a result the fake 'poloniex' account now controls over 2 Million Bitshares and has reached the Top 100 BTS holder list.
This week’s Bitshares hangout recording has been published and is available HERE
Current registered wallets/accounts within the Bitshares network is 447984; an increase of 6623 wallets/accounts since last week
The last asset registered this week is asset #2274 and it is named 'DOGCOIN' registered by 'mp3michael' with the description 'DogCoin is the coin for dog lovers of all breeds. Visit FunCoins.org for how to collect DogCoins'.
Smartcoin issuance chart showing weekly change since the start of 2017
How the BitShares blockchain compares to other blockchains
Bitshares Wallet & Trade mobile app by BitUniverse
New OpenLedger R&D office under construction in Minsk, Belarus
Stan Larimer, Michael Taggart and Toni Lane - What is Cryptocurrency Part 1
Stan Larimer, Michael Taggart and Toni Lane - What is Cryptocurrency Part 2
Have you claimed your FREE coins!?!, If not I highly recommend that you get signed up to the Billion Hero Campaign! These coins will be used in the Billion Hero Campaign and potentially be quite valuable in the future (No such thing as free lunch does not apply in Crypto - Fair distribution at any cost is the name of the game); at the moment you can get notified on the project and claim your share of the FREE coins at no cost - Click HERE and selected 'Get Notified' to claim your free coins
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 | 2,600,940,732 |  301,863.00 | 0.01% |
| BTS Stealth | 287,368 | - | 0.00% |
| BTS in Open Orders (DEX - T250) | 6323468.83 |  -413,201.50 | -3.88% |
| Reserve Pool | 999,631,832 | -301,675.00 | -0.03% |
| RP Accumulated fees | 190,746 | 75,145.00 | 55.68% |
| Collateral (top 250) backing Smartcoins | 422550563 | -4,489,404.00 | -1.10% |
| Top 100 Total | 1,253,147,347 | -23,351,715.00 | -1.60% |
| Top 100 - minus Exchanges | 445,075,365 | 16,436,809.00 | 3.98% |
| Exchanges | 808,071,982 | -39,788,524.00 | -3.81% |
| Non Exchanges | 1,792,868,750 | 40,090,387.00 | 2.58% |
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 |
|---|---|---|---|---|---|---|
| BTC | 0.00000965 | 0.05329603 | 32,010,178.14 | 1,706,015.48 | 74.6% | -57.8% |
| CNY | 0.3502 | 0.05 | 10,913,622.84 | 575,534.31 | 25.4% | -80.5% |
| USD | 0.0629414 | 0.0629414 | 295.35 | 18.59 | 0.1% |
Worker Proposals
This section will identify the current approved and pending worker proposals
Active Worker:
- Alfredo Garcia - Core Development for Second half of 2017
- 201708-bitsharesui
- 201710-spokesperson
- Refund400k
Proposed Worker
- 201710-compliance
- 201709-steemfest
- 201707-bsip18
- 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 CNY, Open.BTC 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 | 2,600,940,732 | 0.05302507 | 2,600,940,732 | $137,915,064.38 | 0.012% |
| BTS Stealth | 287,368 | 0.05302507 | 287,368 | $15,237.71 | 0.000% |
| Reserve Pool | 999,631,832 | 0.05302507 | 999,631,832 | $53,005,547.87 | -0.030% |
| Accumulated fees | 190,746 | 0.05302507 | 190,746 | $10,114.32 | 65.004% |
| BitUSD | 3,254,376 | 18.9 | 61,507,706 | $3,254,376.00 | 3.553% |
| BitCNY | 41,026,568 | 2.84 | 116,515,453 | $6,178,240.06 | -1.982% |
| BitEUR | 59,601 | 22.25 | 1,326,122 | $70,317.73 | -9.798% |
| BitBTC | 45.8 | 104,051 | 4,765,536 | $252,692.87 | -2.966% |
| BitGold | 90 | 24086 | 2,167,740 | $114,944.57 | 0.000% |
| BitSilver | 8,820 | 320.79 | 2,829,368 | $150,027.43 | 0.000% |
| Ruble | 1,802,474 | 0.327 | 589,409 | $31,253.45 | 2.195% |
| HERO | 862 | 3,000 | 2,586,000 | $137,122.83 | 0.349% |
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 | 5276 | 85 |
| btsabc | 4207 | 155 |
| compumatrix1 | 2392 | 7 |
| sdr | 2087 | 155 |
| digital-nomad | 2065 | 103 |
| jianjolly-0 | 1743 | 0 |
| stormheart | 1145 | 0 |
| bituniverse | 1000 | 131 |
| cryptofresh | 936 | 20 |
| ebit | 740 | 17 |
| fav | 672 | 16 |
| cryptocurrency3 | 577 | 4 |
| bcp2017 | 535 | 335 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| xeroc | 31 | 215 | 220.7 | 4.5 |
| bitcrab | 66 | 68 | 211.8 | 1.3 |
| baozi | 23 | 67 | 72 | -3.4 |
| fav | 22 | 105 | 40.8 | 0.6 |
| laomao | 35 | 4 | 33.5 | -0.7 |
| abit | 41 | 467 | 17.6 | 0.3 |
| bitshares-munich-wallet | 19 | 23 | 14.8 | 0 |
| blckchnd | 22 | 651 | 12.3 | -0.4 |
| btsabc | 58 | 69 | 10.3 | -1.8 |
| openledgerdc | 36 | 21 | 9.5 | -0.7 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 716 | -27.7 |
| abit | 672.8 | -39.8 |
| bhuz | 654.1 | -33.4 |
| xeroc | 628.1 | -35.6 |
| witness.still | 602 | -28.5 |
| bunkerchainlabs-com | 592 | -37.4 |
| clayop | 558.5 | -52.7 |
| openledgerdc | 439 | -31.4 |
| ebit | 385.4 | -39.2 |
| chris4210 | 379 | -48.9 |
| fav | 317.5 | -2.5 |
Active Witnesses
This section will track top 25 active witnesses and the changes in support
| Rank | Witness | Votes | Missed | Missed W/W |
|---|---|---|---|---|
| 1 | in.abit 1.6.35 | 743.2 | 705 | |
| 2 | verbaltech2 1.6.34 | 737.8 | 1689 | |
| 3 | fox 1.6.16 | 736.4 | 3608 | 245 |
| 4 | wackou 1.6.18 | 712.4 | 1809 | 2 |
| 5 | rnglab 1.6.45 | 673.2 | 1905 | 2 |
| 6 | bhuz 1.6.17 | 670.7 | 1564 | |
| 7 | witness.yao 1.6.71 | 669.8 | 3550 | |
| 8 | roelandp 1.6.74 | 668.2 | 27 | |
| 9 | blckchnd 1.6.75 | 663.5 | 646 | 14 |
| 10 | witness.still 1.6.69 | 658.1 | 9098 | 1 |
| 11 | sahkan-bitshares 1.6.73 | 645.8 | 843 | |
| 12 | xn-delegate 1.6.59 | 641.2 | 2816 | |
| 13 | elmato 1.6.20 | 582.2 | 4265 | 6 |
| 14 | delegate-1.lafona 1.6.28 | 560.7 | 2798 | 1213 |
| 15 | openledger-dc 1.6.76 | 560 | 576 | 6 |
| 16 | crazybit 1.6.84 | 557.8 | 89 | 5 |
| 17 | xeldal 1.6.22 | 554.7 | 2251 | 3 |
| 18 | delegate.baozi 1.6.37 | 464.2 | 1469 | 3 |
| 19 | xman 1.6.64 | 443.2 | 1638 | |
| 20 | delegate.freedom 1.6.63 | 402.8 | 4859 | |
| 21 | mr.agsexplorer 1.6.24 | 396.3 | 5725 | |
| 22 | delegate.ihashfury 1.6.26 | 392.5 | 869 | |
| 23 | delegate-clayop 1.6.27 | 321.9 | 4842 | |
| 24 | cyrano 1.6.21 | 311.6 | 3539 | |
| 25 | harvey-xts 1.6.23 | 311.5 | 5809 |
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 | poloniexwallet | 245,359,238 | 0 | -512,624.00 | -0.21% |
| 2 | poloniexcoldstorage | 230,001,204 | 0 | - | 0.00% |
| 3 | bitcc-bts-cold | 139,192,927 | 0 | - | 0.00% |
| 4 | bittrex-deposit | 77,174,711 | 0 | -16,811,080.00 | -17.89% |
| 5 | btschbtc | 38,000,989 | 0 | - | 0.00% |
| 6 | yun-bts | 33,394,594 | 0 | -738,046.00 | -2.16% |
| 7 | jubi-bts | 26,048,693 | 0 | -191,460.00 | -0.73% |
| 8 | bts-scotter | 17,169,714 | 0 | 16,630,203.00 | 3082.46% |
| 9 | stan | 15,217,620 | 0 | - | 0.00% |
| 10 | btercom | 13,049,112 | 0 | - | 0.00% |
| 11 | echocold1 | 12,847,656 | 0 | - | 0.00% |
| 12 | aloha | 12,109,353 | 0 | -8,130,917.00 | -40.17% |
| 13 | evan | 10,659,692 | 0 | - | 0.00% |
| 14 | jy2017 | 9,750,520 | 0 | - | 0.00% |
| 15 | getch-bts | 9,533,359 | 0 | - | 0.00% |
| 16 | virtual-ventures | 9,318,078 | 0 | - | 0.00% |
| 17 | bitcoinindonesia | 9,158,862 | 0 | 540,694.00 | 6.27% |
| 18 | roje | 8,850,419 | 0 | - | 0.00% |
| 19 | alexna64 | 8,683,717 | 0 | 2,294,590.00 | 35.91% |
| 20 | ibilitlan-scoltock | 8,673,958 | 0 | - | 0.00% |
| 21 | cievia-waugaman | 7,990,213 | 0 | - | 0.00% |
| 22 | graphene2015 | 7,744,451 | 0 | - | 0.00% |
| 23 | invictus | 7,494,364 | 0 | - | 0.00% |
| 24 | jiny2 | 7,438,984 | 0 | - | 0.00% |
| 25 | haeassa-granovsky | 7,431,931 | 0 | - | 0.00% |
| 26 | cass | 7,000,000 | 0 | - | 0.00% |
| 27 | abinia-rivard | 6,550,563 | 0 | - | 0.00% |
| 28 | keebler-kahn | 6,500,770 | 0 | - | 0.00% |
| 29 | tyrone-shoelaces | 5,812,090 | 0 | - | 0.00% |
| 30 | fericia-brick | 5,766,623 | 0 | - | 0.00% |
| 31 | btszhqxf | 5,734,712 | 0 | - | 0.00% |
| 32 | yoyow.team | 5,579,150 | 0 | - | 0.00% |
| 33 | spring | 5,482,704 | 0 | 117,229.00 | 2.18% |
| 34 | hnnr8 | 5,460,997 | 0 | - | 0.00% |
| 35 | linhan | 5,425,095 | 0 | - | 0.00% |
| 36 | storj | 5,424,670 | 300000 | - | 0.00% |
| 37 | cadord-ozois | 5,423,173 | 0 | - | 0.00% |
| 38 | xhunter | 5,192,094 | 0 | - | 0.00% |
| 39 | jeraud-kanze | 5,172,698 | 0 | - | 0.00% |
| 40 | a2dcdf323a8a576408f62604b17a8a52 | 5,157,109 | 0 | 850,362.00 | 19.74% |
| 41 | brother-john | 5,074,573 | 0 | - | 0.00% |
| 42 | arbor4 | 5,008,537 | 0 | - | 0.00% |
| 43 | geravia-mackinnon | 4,777,691 | 0 | - | 0.00% |
| 44 | oh-bts | 4,417,085 | 0 | - | 0.00% |
| 45 | njlzb888 | 4,404,715 | 0 | - | 0.00% |
| 46 | xgqing | 4,351,903 | 0 | - | 0.00% |
| 47 | btsabc-lclouis326 | 4,349,456 | 0 | 1,741,255.00 | 66.76% |
| 48 | btsxzzh2 | 4,348,432 | 0 | - | 0.00% |
| 49 | synergy3 | 4,256,729 | 0 | - | 0.00% |
| 50 | tsuratsura-3557 | 4,243,584 | 85 | -1.00 | 0.00% |
| 51 | quonael-lievesley | 4,087,235 | 0 | - | 0.00% |
| 52 | slim | 4,057,640 | 0 | - | 0.00% |
| 53 | coldstorage1 | 4,000,000 | 0 | - | 0.00% |
| 54 | super-bts | 3,999,990 | 0 | - | 0.00% |
| 55 | wesley-waugaman | 3,921,027 | 0 | - | 0.00% |
| 56 | serg | 3,867,349 | 0 | - | 0.00% |
| 57 | bts-morning | 3,783,941 | 0 | -1,453,651.00 | -27.75% |
| 58 | goodc0re | 3,778,207 | 0 | -380.00 | -0.01% |
| 59 | wjlsf | 3,760,965 | 380 | 1,060,081.00 | 39.25% |
| 60 | denkhaus | 3,677,443 | 28002 | 83,780.00 | 2.33% |
| 61 | livecoin-net | 3,556,778 | 0 | 189,118.00 | 5.62% |
| 62 | jackkang | 3,482,938 | 0 | - | 0.00% |
| 63 | enki | 3,424,152 | 0 | -270,137.00 | -7.31% |
| 64 | codinat | 3,405,001 | 0 | - | 0.00% |
| 65 | laplap5 | 3,341,271 | 0 | - | 0.00% |
| 66 | jaehyuk | 3,227,053 | 0 | - | 0.00% |
| 67 | chbts | 3,223,500 | 0 | 985,894.00 | 44.06% |
| 68 | bafohald-degeorge | 3,189,866 | 0 | - | 0.00% |
| 69 | scottmclane | 3,177,116 | 0 | -10.00 | 0.00% |
| 70 | wind-flower | 3,174,192 | 0 | - | 0.00% |
| 71 | bilbo-baggins | 3,149,357 | 0 | - | 0.00% |
| 72 | lao-wallet | 3,140,242 | 28739 | - | 0.00% |
| 73 | ags | 3,100,919 | 0 | - | 0.00% |
| 74 | null-account | 3,011,947 | 0 | - | 0.00% |
| 75 | billion-hero-prize | 3,000,000 | 0 | - | 0.00% |
| 76 | tel-911 | 2,909,136 | 0 | - | 0.00% |
| 77 | kryptobeast07 | 2,849,980 | 0 | - | 0.00% |
| 78 | koocaa | 2,781,355 | 0 | - | 0.00% |
| 79 | exxbts | 2,753,385 | 0 | 1,753,385.00 | 175.34% |
| 80 | roland.sun | 2,733,575 | 0 | - | 0.00% |
| 81 | random123 | 2,700,607 | 0 | 713,094.00 | 35.88% |
| 82 | bitcc-bts | 2,627,014 | 0 | -7,234,954.00 | -73.36% |
| 83 | hardfork2 | 2,545,413 | 0 | - | 0.00% |
| 84 | satoshi-pie | 2,541,024 | 0 | - | 0.00% |
| 85 | chainsquad | 2,528,014 | 0 | - | 0.00% |
| 86 | thread | 2,526,068 | 0 | - | 0.00% |
| 87 | f8899 | 2,514,509 | 0 | - | 0.00% |
| 88 | hodor | 2,509,880 | 0 | - | 0.00% |
| 89 | dark-angel | 2,505,777 | 0 | - | 0.00% |
| 90 | mybak | 2,502,824 | 0 | - | 0.00% |
| 91 | wys | 2,442,437 | 0 | - | 0.00% |
| 92 | bitspark-zephyr | 2,436,064 | 0 | 97,331.00 | 4.16% |
| 93 | dev.bitsharesblocks | 2,419,672 | 0 | - | 0.00% |
| 94 | spook | 2,296,849 | 663285 | - | 0.00% |
| 95 | tong-xin | 2,277,893 | 0 | -500,000.00 | -18.00% |
| 96 | poloniex | 2,233,235 | 0 | 1,046.00 | 0.05% |
| 97 | nana-roseannadana | 2,209,986 | 0 | - | 0.00% |
| 98 | yvg1900 | 2,201,037 | 0 | - | 0.00% |
| 99 | kedaliwin-tefft | 2,192,433 | 0 | - | 0.00% |
| 100 | talos | 2,161,539 | 0 | - | 0.00% |
Thanks for viewing :)
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I hope you enjoyed this report! :)
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