Welcome to the 54th 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 - 26th September 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.
Bitspark are beginning the move their remittance business founded in Hong Kong (2014) to the Bitshares network! <- go read that again.. Bitspark is looking to expand to a global landscape by utilizing the power of Bitshares Smartcoins instead of holding currency and bank accounts in countries where they wish to do business. To start with they will be showcasing their system powered by Bitshares with the Republic of Tajikistan as part of a UN financial inclusion project. Tajikistan is a country in central Asia which has roughly 30-40% of its GDP is derived from international remittances. I highly recommend you listen to George Harrap (CEO and Co-Founder of Bitspark) on this week Bitshares hangout HERE (5:55-34:30) to get a full understanding of the project.
Cryptofresh The Original Bitshares Block Explorer has successfully migrated to new server hardware. In the week prior the previous hardware was being overloaded with the amount of requests hitting the page as well services using the API's. Given the role of this service and needing to monitor all accounts, assets and operation the RAM usage alone was between 30-40 GB. The new hardware is a higher performance machine packed with RAM and is running smoothly for the last week. I would personally like to extend a huge Thank you to @roadscape who has been maintaining this service as a voluntary effort for a large part of 3 years. This service has played a huge role in the eco-system and it is still the go to explorer for the Bitshares network
BitShares DEX-Based SEC-Compliant Tokens & Exchange - @stan Larimer has announced a final summer bombshell - a 100% compliant exchange and a growing inventory of security, commodity and other types of tokens that pass SEC scrutiny, built on BitShares, which itself has been deemed a “clean coin” by the Tokens & Exchange Self-Regulating Body”. You can see the full post HERE
The second episode of the Digital Sovereignty Series has been released. This episode features Giselle Koy and Dylan Howard discussing the sovereign hero and it's potential for positive impact on the world. You can view the interview HERE
Maxine Ryan (COO and Co-founder of Bitspark – A remittance company migrating to the Bitshares network) has done an interview with Tai Zen and Leon Fu in relation to their upcoming ICO for Zephyr. This is a great interview that touches on Bitspark in general, reasons why they have chosen Bitshares as their underlying tech, upcoming expansions and the value of the Zephyr token. You can view the interview HERE
With the addition of MUSE and STEEM/SBD this week RuDEX now have gateways for all major Graphene based chains with 0% market fees, supported by blockchains themselves (via witness payments). RuDEX team announced that they plan to start working on something else frequently requested by the community, stay tuned and watch their @rudex account for English announcements. In turn they ask community members to vote for their @blockchained Steem witness.
@cm-steem has updated the price feeds for the HERTZ assets. Hertz is an Algorithm Based Asset (ABA) which is pegged against the USD and modified to oscillate between rising the price feed and decreasing it in a predictable manner, thus we create phases of buying and selling pressure constantly back and forth forever. You can find details of the project and the latest price scripts HERE
Coingate have announced the integration of Bitshares into their payment gateway service; allowing merchants to accept payments via Bitshares (BTS). You can view the announcement HERE
@virtualgrowth is doing a weekly market update and token give away; Check out his post and vote on your favourite 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 week’s Bitshares hangout recording has been published and is available HERE
Current registered wallets/accounts within the Bitshares network is 424802; an increase of 8129 wallets/accounts since last week
The last asset registered this week is asset #2028 and it is named 'THEME' registered by 'yip' with no description. It seems Bitshares user 'yip' has been on an asset registering spree in the last week with over 85 assets registered by this account this week.
Smartcoin issuance chart showing weekly change since the start of 2017
BitShares Community in Numbers - Thanks to @ash
Bitspark – Money transfers made easy
One of a Collection of Bitshares info-graphics
@heiditravels - Decentralized Exchanges: The Future for Trading Cryptos
Digital Sovereignty Series 2: Giselle Koy and Dylan Howard
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 | 2,599,781,372 |  353,171.00 | 0.01% |
| BTS Stealth | 269,289 | - | 0.00% |
| BTS in Open Orders (DEX - T250) | 4526914.83 |  -6,115,901.00 | -57.47% |
| Reserve Pool | 1000791459 | -352,984.00 | -0.04% |
| RP Accumulated fees | 117,387 | -17,570.00 | -13.02% |
| Collateral (top 250) backing Smartcoins | 420098855 | 12,919,850.00 | 3.17% |
| Top 100 Total | 1,386,668,446 | -69,604,620.00 | -4.78% |
| Top 100 - minus Exchanges | 437,934,793 | 24,728,019.00 | 5.98% |
| Exchanges | 948,733,653 | -94,332,639.00 | -9.04% |
| Non Exchanges | 1,651,047,719 | 94,685,810.00 | 6.08% |
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 | 0.00002028 | 0.08000587 | 55,810,766.34 | 4,465,189.04 | 64.5% | -62.7% |
| CNY | 0.48432867 | 0.07 | 30,196,868.57 | 2,205,436.57 | 34.9% | -80.8% |
| ETH | 0.000271 | 0.07950172 | 462,338.43 | 36,756.70 | 0.5% | -78.6% |
Worker Proposals
This section will identify the current approved and pending worker proposals
Active Worker:
- 201708-bitsharesui
- Alfredo Garcia - Core Development for Second half of 2017
- 201707-bsip18
- 201709-steemfest
- Refund400k
Proposed Worker
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 PPY
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 | 2,599,781,372 | 0.07770364 | 2,599,781,372 | $202,012,475.81 | 0.014% |
| BTS Stealth | 269,289 | 0.07770364 | 269,289 | $20,924.74 | 0.000% |
| Reserve Pool | 1,000,791,459 | 0.07770364 | 1,000,791,459 | $77,765,139.25 | -0.035% |
| Accumulated fees | 117,387 | 0.07770364 | 117,387 | $9,121.40 | -13.019% |
| BitUSD | 3,143,028 | 12.6 | 39,602,153 | $3,143,028.00 | 1.479% |
| BitCNY | 57,399,085 | 1.91 | 109,632,252 | $8,518,825.07 | 4.098% |
| BitEUR | 79,172 | 14.84 | 1,174,912 | $91,294.98 | -0.093% |
| BitBTC | 49.6 | 49,334 | 2,446,966 | $190,138.20 | -1.195% |
| BitGold | 90 | 14835.42334 | 1,335,188 | $103,748.98 | 0.000% |
| BitSilver | 8,820 | 195.2691777 | 1,722,274 | $133,826.97 | 0.000% |
| Ruble | 1,850,731 | 0.219 | 405,310 | $31,494.07 | 22.486% |
| HERO | 1,184 | 1,990 | 2,356,160 | $183,082.21 | 0.766% |
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 | 5001 | 258 |
| btsabc | 3787 | 561 |
| compumatrix1 | 2381 | 0 |
| sdr | 1756 | 259 |
| jianjolly-0 | 1742 | 0 |
| digital-nomad | 1691 | 102 |
| stormheart | 1145 | 0 |
| cryptofresh | 833 | 29 |
| ebit | 650 | 179 |
| fav | 572 | 8 |
| cryptocurrency3 | 549 | 6 |
| openledger | 527 | 0 |
| gn1 | 459 | 10 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| bitcrab | 66 | 50 | 274.5 | 25 |
| xeroc | 37 | 196 | 213.7 | -0.6 |
| baozi | 23 | 66 | 65.6 | 0 |
| laomao | 35 | 4 | 37.9 | 27.5 |
| fav | 22 | 98 | 37 | -4.4 |
| bitshares-munich-wallet | 17 | 21 | 14.7 | 0.1 |
| abit | 40 | 452 | 14.3 | -0.1 |
| dahu | 24 | 3 | 8.7 | 0.2 |
| blckchnd | 23 | 441 | 8.6 | 0.9 |
| btsabc | 58 | 60 | 8.4 | 0.5 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 743.7 | 67.6 |
| abit | 712.6 | 63.2 |
| bhuz | 687.5 | 68.7 |
| xeroc | 663.7 | 26.2 |
| witness.still | 630.5 | 29.7 |
| bunkerchainlabs-com | 629.4 | 20.8 |
| clayop | 611.2 | 62.5 |
| openledgerdc | 470.4 | 25.7 |
| chris4210 | 427.6 | 25.8 |
| ebit | 424.9 | 29.6 |
| harvey-xts | 342 | 59.6 |
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 | 782.3 | 705 | 2 |
| 2 | fox 1.6.16 | 778.5 | 3360 | |
| 3 | verbaltech2 1.6.34 | 774.5 | 1682 | 1 |
| 4 | witness.yao 1.6.71 | 710.4 | 3543 | 2 |
| 5 | delegate.baozi 1.6.37 | 709.6 | 1465 | |
| 6 | roelandp 1.6.74 | 709.6 | 27 | 13 |
| 7 | elmato 1.6.20 | 708.4 | 4250 | 77 |
| 8 | bhuz 1.6.17 | 708.2 | 1563 | |
| 9 | openledger-dc 1.6.76 | 702.9 | 514 | 2 |
| 10 | xman 1.6.64 | 702.1 | 1628 | 3 |
| 11 | blckchnd 1.6.75 | 689.9 | 620 | 2 |
| 12 | wackou 1.6.18 | 686.9 | 1803 | |
| 13 | witness.still 1.6.69 | 686.9 | 8935 | 1 |
| 14 | xn-delegate 1.6.59 | 669.2 | 2764 | 1 |
| 15 | rnglab 1.6.45 | 648.7 | 1902 | 9 |
| 16 | sahkan-bitshares 1.6.73 | 632.8 | 825 | 22 |
| 17 | xeldal 1.6.22 | 615.2 | 1878 | |
| 18 | delegate-1.lafona 1.6.28 | 608.5 | 1571 | |
| 19 | delegate.btsnow 1.6.40 | 540.6 | 5486 | |
| 20 | crazybit 1.6.84 | 527 | 80 | |
| 21 | mr.agsexplorer 1.6.24 | 465.2 | 5723 | 3 |
| 22 | delegate.freedom 1.6.63 | 458.4 | 4859 | |
| 23 | delegate.ihashfury 1.6.26 | 435.6 | 869 | |
| 24 | harvey-xts 1.6.23 | 397.3 | 5809 | |
| 25 | abc123 1.6.65 | 393 | 1271 | 1 |
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 | bittrex-deposit | 296,873,928 | 0 | 35,919,683.00 | 13.76% |
| 2 | poloniexcoldstorage | 230,001,204 | 0 | - | 0.00% |
| 3 | poloniexwallet | 157,203,196 | 0 | 41,785,118.00 | 36.20% |
| 4 | bitcc-bts-cold | 75,192,927 | 0 | -1,000,001.00 | -1.31% |
| 5 | btschbtc | 50,000,990 | 0 | - | 0.00% |
| 6 | yun-bts | 37,844,074 | 0 | 27,557,444.00 | 267.90% |
| 7 | chbts | 32,266,859 | 0 | -41,614,866.00 | -56.33% |
| 8 | jubi-bts | 28,837,350 | 0 | -48,671,775.00 | -62.79% |
| 9 | aloha | 20,244,225 | 0 | -3,942.00 | -0.02% |
| 10 | bterdeposit | 17,383,075 | 0 | -3,485,030.00 | -16.70% |
| 11 | stan | 13,939,681 | 0 | - | 0.00% |
| 12 | btercom | 13,049,112 | 0 | - | 0.00% |
| 13 | echocold1 | 12,847,656 | 0 | - | 0.00% |
| 14 | tsuratsura-3557 | 11,577,228 | 126127 | -623,443.00 | -5.11% |
| 15 | evan | 10,659,692 | 0 | - | 0.00% |
| 16 | tom-bitshare | 10,266,039 | 0 | 701,796.00 | 7.34% |
| 17 | getch-bts | 9,533,359 | 0 | - | 0.00% |
| 18 | cass | 9,494,918 | 0 | 45,000.00 | 0.48% |
| 19 | virtual-ventures | 9,318,078 | 0 | - | 0.00% |
| 20 | roje | 8,850,419 | 0 | - | 0.00% |
| 21 | ibilitlan-scoltock | 8,673,958 | 0 | - | 0.00% |
| 22 | jy2017 | 8,093,234 | 0 | 2,966,653.00 | 57.87% |
| 23 | cievia-waugaman | 7,990,213 | 0 | - | 0.00% |
| 24 | graphene2015 | 7,744,451 | 0 | - | 0.00% |
| 25 | chsend | 7,494,752 | 0 | 4,179,705.00 | 126.08% |
| 26 | invictus | 7,494,364 | 0 | - | 0.00% |
| 27 | jiny2 | 7,438,984 | 0 | - | 0.00% |
| 28 | haeassa-granovsky | 7,431,931 | 0 | - | 0.00% |
| 29 | bitcoinindonesia | 7,035,376 | 0 | 1,262,889.00 | 21.88% |
| 30 | abinia-rivard | 6,550,563 | 0 | - | 0.00% |
| 31 | keebler-kahn | 6,500,770 | 0 | - | 0.00% |
| 32 | fericia-brick | 5,766,623 | 0 | - | 0.00% |
| 33 | btszhqxf | 5,734,712 | 0 | - | 0.00% |
| 34 | yoyow.team | 5,579,151 | 0 | 284,998.00 | 5.38% |
| 35 | hnnr8 | 5,460,997 | 0 | - | 0.00% |
| 36 | linhan | 5,425,095 | 0 | - | 0.00% |
| 37 | cadord-ozois | 5,423,173 | 0 | - | 0.00% |
| 38 | spring | 5,365,475 | 0 | - | 0.00% |
| 39 | abit | 5,339,633 | 0 | 1,429,842.00 | 36.57% |
| 40 | enki | 5,276,427 | 5596 | 249,948.00 | 4.97% |
| 41 | bts-morning | 5,237,592 | 0 | 3,386,216.00 | 182.90% |
| 42 | xhunter | 5,192,094 | 0 | - | 0.00% |
| 43 | jeraud-kanze | 5,172,698 | 0 | - | 0.00% |
| 44 | brother-john | 5,074,573 | 0 | - | 0.00% |
| 45 | arbor4 | 5,008,537 | 0 | - | 0.00% |
| 46 | geravia-mackinnon | 4,777,691 | 0 | - | 0.00% |
| 47 | abc.btsbots | 4,720,246 | 25000 | 4,673,064.00 | 9904.34% |
| 48 | tyrone-shoelaces | 4,665,298 | 0 | - | 0.00% |
| 49 | oh-bts | 4,417,085 | 0 | - | 0.00% |
| 50 | xgqing | 4,351,903 | 0 | 3,351,903.00 | 335.19% |
| 51 | btsxzzh2 | 4,348,432 | 0 | - | 0.00% |
| 52 | synergy3 | 4,256,729 | 85 | 85.00 | 0.00% |
| 53 | storj | 4,131,950 | 0 | 1,977,970.00 | 91.83% |
| 54 | btsnow | 4,118,780 | 0 | 3,118,780.00 | 311.88% |
| 55 | quonael-lievesley | 4,087,235 | 0 | - | 0.00% |
| 56 | slim | 4,057,640 | 0 | - | 0.00% |
| 57 | coldstorage1 | 4,000,000 | 0 | - | 0.00% |
| 58 | super-bts | 3,999,990 | 0 | - | 0.00% |
| 59 | wesley-waugaman | 3,921,027 | 0 | - | 0.00% |
| 60 | goodc0re | 3,500,955 | 0 | 159,284.00 | 4.77% |
| 61 | jackkang | 3,482,959 | 0 | - | 0.00% |
| 62 | codinat | 3,435,824 | 0 | 1,779,038.00 | 107.38% |
| 63 | laplap5 | 3,341,271 | 0 | - | 0.00% |
| 64 | trans.bot | 3,270,077 | 35453 | 2,853,840.00 | 685.63% |
| 65 | jaehyuk | 3,227,053 | 0 | - | 0.00% |
| 66 | serg | 3,217,455 | 0 | 248,193.00 | 8.36% |
| 67 | bafohald-degeorge | 3,189,866 | 0 | - | 0.00% |
| 68 | scottmclane | 3,177,126 | 0 | - | 0.00% |
| 69 | wind-flower | 3,174,192 | 0 | - | 0.00% |
| 70 | lao-wallet | 3,140,242 | 0 | 139,269.00 | 4.64% |
| 71 | ags | 3,068,077 | 0 | 3,059,337.00 | 35003.86% |
| 72 | blocktrades | 3,042,551 | 6674 | 1,577,543.00 | 107.68% |
| 73 | null-account | 3,011,947 | 0 | - | 0.00% |
| 74 | billion-hero-prize | 3,000,000 | 0 | - | 0.00% |
| 75 | tel-911 | 2,909,136 | 0 | - | 0.00% |
| 76 | wzm1 | 2,885,166 | 0 | - | 0.00% |
| 77 | the-ae | 2,841,214 | 0 | 1,341,214.00 | 89.41% |
| 78 | koocaa | 2,781,355 | 0 | 366,811.00 | 15.19% |
| 79 | tong-xin | 2,777,893 | 0 | - | 0.00% |
| 80 | mybak | 2,702,924 | 0 | - | 0.00% |
| 81 | wys | 2,686,926 | 0 | -452,589.00 | -14.42% |
| 82 | bitcc-bts-withdrawal | 2,586,186 | 0 | -1,209,500.00 | -31.87% |
| 83 | hardfork2 | 2,545,413 | 0 | - | 0.00% |
| 84 | satoshi-pie | 2,541,024 | 0 | - | 0.00% |
| 85 | chainsquad | 2,528,014 | 0 | -1.00 | 0.00% |
| 86 | f8899 | 2,514,509 | 0 | 1,514,509.00 | 151.45% |
| 87 | hodor | 2,509,880 | 0 | - | 0.00% |
| 88 | dark-angel | 2,505,777 | 0 | - | 0.00% |
| 89 | stat-dude | 2,500,045 | 0 | 1,500,045.00 | 150.00% |
| 90 | thread | 2,495,016 | 0 | - | 0.00% |
| 91 | demo.btsbots | 2,481,357 | 720766 | 1,462,713.00 | 143.59% |
| 92 | dev.bitsharesblocks | 2,419,672 | 0 | - | 0.00% |
| 93 | freedom35 | 2,413,417 | 0 | 177,847.00 | 7.96% |
| 94 | roland.sun | 2,411,118 | 0 | - | 0.00% |
| 95 | jogger2 | 2,403,888 | 0 | - | 0.00% |
| 96 | alexna64 | 2,305,224 | 260088 | -983,459.00 | -29.90% |
| 97 | spook | 2,296,849 | 0 | - | 0.00% |
| 98 | nana-roseannadana | 2,209,986 | 0 | - | 0.00% |
| 99 | yvg1900 | 2,201,037 | 0 | - | 0.00% |
| 100 | kedaliwin-tefft | 2,192,433 | 0 | - | 0.00% |
Thanks for viewing :)
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I hope you enjoyed this report! :)
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