Welcome to the 41st 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 - 27th 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.
The Bitshares production network broke a new Transaction record this week, reaching more than 850,000+ operations in 1 day! That is an average of 9.83 Operations Per Second!
Just encase your missed it. 9.83 Operations Per Second! on the Bitshares main network, it all happened without anybody even noticing.. i.e this is not peak theoretical or a point at which the network ground to a halt; this is organic growth and represents use of network; to give you an idea of scale-ability the Bitshares decentralized test network has been stress tested to preform over 20,000 operations per second and average hardware. Please see the screenshot below this section
@stan and @michaelx are presenting a live webinar on HERO and Bitshares scheduled for Monday July 3rd, 2017 (one day before the July 4th Kick off date for the One Billion Hero contest). Register for the webinar to get first hand information and ask any question. Register HERE
China continues to dominate the trading markets with 85% of trade occurring in CNY instead of BTC when looking at traditional exchanges.
Crypviser an encrypted network for social and business communication based on Blockchain has decided to launch on the Bitshares network instead of Ethereum after recent instability shown on the Ethereum network. They posted to their facebook and twitter followers this week the following message:"Crypviser concerns about recent problems within Ethereum network and sees the current situation as unreliable and business critical for our project. The speed of transactions for the authentication system is too important to be disregarded. Crypviser app is expected to be widely used by millions of clients all around the world. In order to achieve it and bring superb quality solutions to the market, one of the key factors is maximum speed of transactions. Therefore we have decided to move on with Bitshares blockchain." See the official post HERE
This week has seen Hero move to the 3rd largest smartcoin market cap on the Bitshares network. HERO's market cap has increased 36.5% W/W to a current total of $436,789 USD. Learn more about HERO at sovereignhero.com
Smartcoin markets with the largest increase this week are Ruble up 79.84%, Hero up 36.5% and BitUSD up 18.97%
@estefantt has released the latest Bit20 composition. The Crypto currency index fund updates its composition on the 20th of every month to provide passive investors with a diversified asset that's price tracks the top 20. To get more details and see the latest composition please see @estefantt post HERE or visit www.bittwenty.com
Ronny Boesing (CEO of OpenLedger) has done a live stream to youtube this weeks sharing his vision for the future of OpenLedger and Bitshares. This was a great talk from Ronny which can be found HERE
Ronny Boesing (CEO of OpenLedger) has successful Auctioned the last remaining OBITS via an asset know as OBITS.WARRANT. The auction raise 1.5 Million USD for a total of 950,000 OBITS.WARRANT. This is great news for OBITS holders as funds from the auction will be going towards this months 'Buy Back and Burn' operation.
@blockchained has announced he is speaking at the upcoming St. Petersburg Blockchain and Bitcoin Conference on behalf of RuDEX a Russian Bitshares Gateway and Trading service running on the Bitshares network. You can see some banner art and their BTM below this section.
The Whaleshares discord server has reached over 800 users in just 3 weeks! the community is growing daily and is bring more and more new faces to the Bitshares network and raising awareness of the tech we have on offer. Congratulations to @officialfuzzy and a warm welcome to the Whaleshares community. Find out more HERE
@boombastic has created a very extensive guide on how to setup a load balanced public API server with detailed step by step instructions including generation of SSL certificates and configuration of load balanced Nginx. The Guide is written in Chinese but the translation function within google chrome can help in that regard. This is a great resource for anyone looking to run a public facing Bitshares API node or just get an in-depth look at what is running behind the scenes. See the guide HERE
Coin-turk has listed Bitshares Coffee mugs for sale on their website. Check out the website HERE
@kencode from Bitshares Munich has released his latest weekly update. This week sees work continue on all projects including Steem integration to the smartcoins wallet, upcoming video of the Carbon (Smartcoin Wallet v2) GUI and further developments on the Ledger Nano S integration. You can see his official update HERE
Bitshares witness 'jerryliu' has requested a voluntary resignation of his witness position this week with the following message sent via telegram 'hi everyone, considering that now I have neither enough time nor enough skill to maintain a good enough witness node, I now decide to stop the witness node jerryliu. please vote jerryliu out, thanks. I'll focus on my other businesses relevant to bitshares.' Thank you to Jerry for his service to the network.
@sols has released a concept of a graphical interface for creating and viewing worker proposal on the Bitshares network. You can find his proposal and concept HERE
Bitshares user forex8000 has registered a number of interesting stockmarket type assets including DEUTSCHEBANK, BLACKROCK, TECDAX and ETORO
BlockPay has started a new telegram channel after the old channel was shutdown. If you are looking for the new BlockPay channel you can find it HERE
This weeks Beyond Bitcoin hangout recording has been published. This week had talks from @virtualgrowth and @jphenderson you can find more details and last weeks recording HERE
@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 356038; an increase of 3867 wallets/accounts since last week
The last asset registered this week is asset #1451 and it is named 'MVS.ZENDAO' registered by 'ccedkbt' with the description 'MVS.ZENDAO is a native asset on OpenLedger backed by Danish OpenLedger ApS in agreement with Viewfin, the founders of the crypto asset ZENDAO which is developed on the Metaverse Blockchain.'.... see the full description HERE
Bitshares network smashes old record and pushes close to 10 Operations Per Seconds - Chart from Cryptofresh
Smartcoin issueance chart showing weekly change since the start of 2017
RuDEX preparing for the St. Petersberg Blockchain conferance
Ronny has spoken on Trump building walls in the past. This week he has built his own.
Altcoinforecast.com has updated their forecasted target for Bitshares
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 | 2,596,369,090 |  162,271.00 | 0.01% |
| BTS Stealth | 268,827 | - | 0.00% |
| BTS in Open Orders (DEX-T250) | 3793983.9 | 730,755.00 | 23.86% |
| Reserve Pool | 1004202610 |  -161,317.00 | -0.02% |
| RP Accumulated fees | 3,661 | 332.00 | 9.97% |
| Collateral (top 250) backing Smartcoins | 432282230 | 21,276,384.00 | 5.18% |
| Top 100 Total | 1,487,678,160 | -13,352,905.00 | -0.89% |
| Top 100 - minus Exchanges | 469,858,119 | 7,377,609.00 | 1.60% |
| Exchanges | 1,017,820,041 | -20,730,514.00 | -2.00% |
| Non Exchanges | 1,578,549,049 | 20,892,785.00 | 1.34% |
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 | 1.72 | 0.25 | 289,413,408.31 | 72,721,057.45 | 83.5% | 522.1% |
| BTC | 0.00 | 0.23 | 56,988,244.47 | 13,072,742.11 | 16.5% | -78.2% |
| EUR | 0.3125 | 0.35 | 38.62 | 13.51 | 0.0% | |
| WAVES | 0.07 | 0.40627294 | 0.00 | 0.00 | 0.0% | |
| USD | 0.293758 | 0.293758 | 0.00 | 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 | 2,596,369,090 | 0.24767146 | 2,596,369,090 | $643,046,523.22 | 0.0063% |
| BTS Stealth | 268,827 | 0.24767146 | 268,827 | $66,580.78 | 0.00% |
| Reserve Pool | 1,004,202,610 | 0.24767146 | 1,004,202,610 | $248,712,326.55 | -0.0161% |
| Accumulated fees | 3,661 | 0.24767146 | 3,661 | $906.73 | 9.97% |
| BitUSD | 6,542,202 | 4.36 | 28,524,001 | $6,542,202.00 | 18.97% |
| BitCNY | 83,968,506 | 0.578 | 48,533,796 | $12,020,436.23 | -2.92% |
| BitEUR | 113,856 | 4.88 | 555,617 | $137,610.54 | -0.91% |
| BitBTC | 100 | 10,646 | 1,064,600 | $263,671.04 | -1.57% |
| BitGold | 99 | 5,447 | 540,342 | $133,827.39 | -4.62% |
| BitSilver | 10,776 | 72.2 | 778,027 | $192,695.13 | 0.07% |
| Ruble | 2,508,898 | 0.069 | 173,114 | $42,875.39 | 79.84% |
| HERO | 2,656 | 664 | 1,763,584 | $436,789.42 | 36.49% |
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 | 3733 | 141 |
| compumatrix1 | 2281 | 2 |
| btsabc | 1859 | 124 |
| jianjolly-0 | 1743 | 0 |
| sdr | 879 | 74 |
| openledger | 524 | 0 |
| cryptocurrency3 | 487 | 8 |
| fav | 483 | 11 |
| cryptofresh | 464 | 17 |
| gn1 | 345 | 14 |
| ccm2015 | 274 | 9 |
| ebit | 265 | 8 |
| by24seven | 263 | 9 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| bitcrab | 63 | 33 | 243.1 | 6.5 |
| xeroc | 30 | 166 | 210.1 | -4.4 |
| laomao | 35 | 4 | 171.9 | 4.9 |
| baozi | 29 | 67 | 58.7 | 2.3 |
| fav | 16 | 78 | 54.7 | -2 |
| abit | 41 | 493 | 11.9 | 0 |
| bunkerchainlabs-com | 34 | 14 | 8.6 | 0 |
| dahu | 21 | 3 | 8.5 | 0.3 |
| yao | 34 | 36 | 7.9 | -2.7 |
| hellobts | 27 | 18 | 6.9 | 0.9 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| abit | 841.6 | 17.6 |
| bitcrab | 838.7 | 5.8 |
| bhuz | 791.5 | 4.8 |
| clayop | 713.5 | 4.3 |
| xeroc | 653.4 | -1.5 |
| chris4210 | 637.8 | -33.2 |
| bunkerchainlabs-com | 613.5 | 2.6 |
| harvey-xts | 469.6 | 6.3 |
| openledgerdc | 458 | 14.7 |
| ebit | 422.7 | -10.1 |
| witness.still | 336.1 | 1.1 |
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 | 848.4 | 1284 | 1 |
| 2 | verbaltech2 1.6.34 | 847.1 | 1224 | 1 |
| 3 | in.abit 1.6.35 | 836.9 | 311 | |
| 4 | bhuz 1.6.17 | 801.7 | 1102 | 1 |
| 5 | xman 1.6.64 | 796.9 | 1170 | |
| 6 | fox 1.6.16 | 796.5 | 2918 | |
| 7 | rnglab 1.6.45 | 787.7 | 1367 | |
| 8 | delegate.baozi 1.6.37 | 773 | 1034 | 1 |
| 9 | jerryliu 1.6.72 | 761 | 6105 | 813 |
| 10 | witness.still 1.6.69 | 752.7 | 8390 | |
| 11 | xn-delegate 1.6.59 | 751.6 | 2303 | |
| 12 | xeldal 1.6.22 | 694.8 | 1273 | |
| 13 | roelandp 1.6.74 | 656.5 | 3 | |
| 14 | openledger-dc 1.6.76 | 647.9 | 49 | 2 |
| 15 | blckchnd 1.6.75 | 641 | 194 | |
| 16 | abc123 1.6.65 | 609.8 | 855 | 1 |
| 17 | sahkan-bitshares 1.6.73 | 576.8 | 163 | 3 |
| 18 | delegate-1.lafona 1.6.28 | 571.7 | 709 | 3 |
| 19 | delegate.freedom 1.6.63 | 567.1 | 3614 | |
| 20 | harvey-xts 1.6.23 | 567.1 | 5181 | |
| 21 | elmato 1.6.20 | 564.1 | 3675 | |
| 22 | witness.yao 1.6.71 | 559.4 | 3141 | |
| 23 | mr.agsexplorer 1.6.24 | 540.8 | 2911 | |
| 24 | spartako 1.6.15 | 500.7 | 1030 | 21 |
| 25 | delegate-clayop 1.6.27 | 488.9 | 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 | 150,537,689 | 0 | -7,573,966.00 | -4.79% |
| 3 | yunbi-cold-wallet | 150,000,001 | 0 | - | 0.00% |
| 4 | yunbi-granary | 100,000,000 | 0 | - | 0.00% |
| 5 | bitcc-bts-cold | 97,767,310 | 0 | -11,000,001.00 | -10.11% |
| 6 | bittrex-deposit | 62,791,750 | 0 | 517,621.00 | 0.83% |
| 7 | jubi-bts | 54,478,626 | 0 | 12,216,642.00 | 28.91% |
| 8 | btschbtc | 50,000,990 | 0 | - | 0.00% |
| 9 | bterdeposit | 24,575,690 | 0 | -1,168,522.00 | -4.54% |
| 10 | yun-bts | 21,577,801 | 0 | 4,702,117.00 | 27.86% |
| 11 | stan | 20,618,811 | 0 | - | 0.00% |
| 12 | aloha | 20,615,783 | 0 | - | 0.00% |
| 13 | echocold1 | 16,577,637 | 0 | - | 0.00% |
| 14 | btercom | 13,049,112 | 0 | - | 0.00% |
| 15 | tsuratsura-3557 | 12,480,751 | 0 | 66,522.00 | 0.54% |
| 16 | jy2017 | 11,696,101 | 0 | - | 0.00% |
| 17 | abit | 11,381,601 | 0 | - | 0.00% |
| 18 | cass | 10,906,676 | 0 | -479,449.00 | -4.21% |
| 19 | trans.bot | 10,852,297 | 0 | 7,361,544.00 | 210.89% |
| 20 | evan | 10,659,692 | 0 | - | 0.00% |
| 21 | jony-boy | 10,000,087 | 0 | 9,000,087.00 | 900.01% |
| 22 | mcxcwbts | 9,800,705 | 0 | - | 0.00% |
| 23 | virtual-ventures | 9,318,078 | 0 | - | 0.00% |
| 24 | roje | 8,850,430 | 0 | - | 0.00% |
| 25 | invictus | 8,815,143 | 0 | - | 0.00% |
| 26 | ibilitlan-scoltock | 8,673,958 | 0 | - | 0.00% |
| 27 | cievia-waugaman | 7,990,213 | 0 | - | 0.00% |
| 28 | graphene2015 | 7,744,452 | 0 | 345.00 | 0.00% |
| 29 | anonymous | 7,577,630 | 252,540 | 3,800,716.00 | 100.63% |
| 30 | jiny2 | 7,538,984 | 0 | -181,585.00 | -2.35% |
| 31 | haeassa-granovsky | 7,431,931 | 0 | - | 0.00% |
| 32 | alexna64 | 7,263,382 | 0 | - | 0.00% |
| 33 | abinia-rivard | 6,550,563 | 0 | - | 0.00% |
| 34 | keebler-kahn | 6,500,770 | 0 | - | 0.00% |
| 35 | millibit53 | 6,234,726 | 0 | - | 0.00% |
| 36 | bts-19800 | 6,058,498 | 0 | 293,480.00 | 5.09% |
| 37 | fericia-brick | 5,766,623 | 0 | - | 0.00% |
| 38 | btszhqxf | 5,734,712 | 0 | - | 0.00% |
| 39 | hnnr8 | 5,460,997 | 0 | - | 0.00% |
| 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 | - | 0.00% |
| 44 | jeraud-kanze | 5,172,698 | 0 | - | 0.00% |
| 45 | brother-john | 5,074,573 | 0 | - | 0.00% |
| 46 | arbor4 | 5,008,537 | 0 | 4,008,537.00 | 400.85% |
| 47 | pay.xeroc | 4,800,362 | 0 | -380,001.00 | -7.34% |
| 48 | poloniexwallet | 4,792,322 | 0 | -16,671,952.00 | -77.67% |
| 49 | geravia-mackinnon | 4,777,691 | 0 | - | 0.00% |
| 50 | chsend | 4,642,357 | 0 | 1,675,526.00 | 56.48% |
| 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 | slim | 4,153,744 | 0 | 240.00 | 0.01% |
| 55 | quonael-lievesley | 4,087,235 | 0 | - | 0.00% |
| 56 | tkoba99 | 4,034,593 | 1,559 | 443.00 | 0.01% |
| 57 | coldstorage1 | 4,000,000 | 0 | -1,000,001.00 | -20.00% |
| 58 | wesley-waugaman | 3,921,027 | 0 | - | 0.00% |
| 59 | bts-morning | 3,869,465 | 0 | -2,058,493.00 | -34.73% |
| 60 | bristolbay | 3,521,456 | 0 | 504,898.00 | 16.74% |
| 61 | laplap5 | 3,493,800 | 0 | - | 0.00% |
| 62 | jackkang | 3,397,299 | 0 | - | 0.00% |
| 63 | blocktrades | 3,364,581 | 6,674 | -410,119.00 | -10.86% |
| 64 | btsnow | 3,348,803 | 0 | 88.00 | 0.00% |
| 65 | scottmclane | 3,251,127 | 0 | - | 0.00% |
| 66 | jaehyuk | 3,227,053 | 0 | - | 0.00% |
| 67 | bafohald-degeorge | 3,189,866 | 0 | - | 0.00% |
| 68 | wind-flower | 3,174,192 | 0 | - | 0.00% |
| 69 | cryptonomex | 3,095,137 | 0 | -1,089,248.00 | -26.03% |
| 70 | goodc0re | 3,062,300 | 0 | - | 0.00% |
| 71 | bitcoinindonesia | 3,041,580 | 0 | 84,494.00 | 2.86% |
| 72 | bitcc-bts-withdrawal | 3,039,869 | 0 | 2,039,869.00 | 203.99% |
| 73 | null-account | 3,011,945 | 0 | - | 0.00% |
| 74 | rice123 | 3,005,114 | 0 | - | 0.00% |
| 75 | tel-911 | 2,909,136 | 0 | - | 0.00% |
| 76 | btsbtsx | 2,861,091 | 0 | - | 0.00% |
| 77 | dev.bitsharesblocks | 2,699,548 | 0 | - | 0.00% |
| 78 | abc2000 | 2,683,138 | 0 | -140,833.00 | -4.99% |
| 79 | bts-198hot | 2,666,172 | 0 | -2,335,444.00 | -46.69% |
| 80 | oraclechain | 2,590,168 | 0 | -100,025.00 | -3.72% |
| 81 | hardfork2 | 2,545,413 | 0 | - | 0.00% |
| 82 | satoshi-pie | 2,541,024 | 0 | - | 0.00% |
| 83 | serg | 2,538,926 | 0 | - | 0.00% |
| 84 | chainsquad | 2,528,017 | 0 | - | 0.00% |
| 85 | rg33m43ffaeqdrnk | 2,511,901 | 0 | - | 0.00% |
| 86 | thread | 2,485,990 | 0 | - | 0.00% |
| 87 | koocaa | 2,453,144 | 0 | - | 0.00% |
| 88 | bunkerchainlabs-com | 2,430,180 | 24,450 | -22,000.00 | -0.90% |
| 89 | mostar | 2,367,607 | 0 | -190,083.00 | -7.43% |
| 90 | b1tshares | 2,311,644 | 0 | 63,823.00 | 2.84% |
| 91 | spook | 2,296,849 | 0 | - | 0.00% |
| 92 | nana-roseannadana | 2,209,986 | 0 | - | 0.00% |
| 93 | yvg1900 | 2,201,037 | 0 | - | 0.00% |
| 94 | kedaliwin-tefft | 2,192,433 | 0 | - | 0.00% |
| 95 | talos | 2,171,652 | 0 | - | 0.00% |
| 96 | sahkan | 2,135,899 | 1,000,000 | 135,632.00 | 6.78% |
| 97 | ivy0330 | 2,130,429 | 0 | - | 0.00% |
| 98 | top-quants | 2,128,009 | 0 | - | 0.00% |
| 99 | cryptillionaire | 2,105,650 | 0 | - | 0.00% |
| 100 | wwwtaobaocom | 2,072,094 | 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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