Welcome to the 33rd 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 - 2nd May 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 committee members have proposed a reduction in network fee's in order to offset the recent increase in market price of BTS. The fee reduction proposal is based off the fee structure discussed HERE. You can view the proposal and the current approval rate HERE and a new forum thread has been started HERE to aid community discussion.
Dan Larimer is scheduled to do an interview with Alex Sterk from 'Blocktalk', This Thursday 4th May at 8PM EST; The topic of the talk is Graphene technology and how it is being utilized by Bitshares and Steem. You can keep an eye on the following pending live stream
Dan Larimer has posted information regarding a new project he has been working on called EOS; Full details will be unveiled at Consensus 2017 (22nd-25th of May - NY). So far limited information has been released; but from the original post we can see that this project is a platform designed for parallel execution of smart contracts and will have a native token; distribution model seems to be a new approach as well. View the original post HERE and follow @dantheman as more details maybe released before the event.
Dan Notestein (@Blocktrades) from Blocktrades.us has announced they are shutting down their gateway services and handing operation of these gateways to OpenLedger who will continue to operate them for on/off ramps of Open.Assets on the Bitshares network. Blocktrades will continue operating their cryptocurrency bridge services allowing users to seamlessly exchange from one currency to another. See the official announcement HERE
Another week and BitUSD is still worth 1 USD - Fun fact: did you know that as of yesterday $1 USD worth of value in (BitUSD, BitCNY, BitEUR, BitBTC, BitGOLD and BitSILVER) is on average backed by $4.14 USD worth of BTS collateral!! That is to say that on average for every $1 USD worth of smartcoin value there is 4x the value in BTS collateral locked on the network by a smart contract. This collateral makes up 16.7% of the total available supply of Bitshares and that percentage is growing.
Bitshares newest witness @roelandp has developed a witness monitoring tool. The tool shows current witnesses, blocks missed and published price feeds; Updated 3 times per hour it is a great way to get a quick overview of witness data!. Roelandp's original post can be found HERE of your can visit the Bitshares witness log directly HERE
Peerplays this week announced the release of their new sports betting website http://bookie.exchange/. When the platform is live, Bookie will allow users from anywhere in the world to bet of the outcome of sporting events with 100% transparency and provable fairness. Peerplays have also announces a casting call for witnesses; all information is presented in a youtube video which you can find HERE. To hear the full update from the team be sure to check out the latest Beyond Bitshares hangout
@bitspace from the BitGate team have posted some comments and pictures from the recent OSLO blockchain day which they helped sponsor. Some of the core Bitgate team was in attendance with Advertising, Flyers, Presentation and a spot on the panel. I have included one of the pictures below but you can check out the full post HERE, They have also recently posted a great new promotional video which can be found HERE
Ronny Boesing (@bloggersclub) Founder of OpenLedger has presented 'The Beginners Guide to Blockchain, Bitcoin, BitShares and OpenLedger’ to the students of University College of Northern Denmark (UCN) on April 28, 2017. The Students also received some free cryptocurrency as part of the presentation to help start them off on the right foot. you can read more details and see the presentation HERE
@scythian has made a great post regarding Bitshares, Smartcoins a look at a couple of Market Making/ trading bots and a full tutorial of how you can get started (for free!) with the BTSBOT Marekt Making platform / Trading bot. See his full post HERE
In a recent article by Tech Crunch titled 'What’s keeping cryptocurrencies from mass adoption?' Bitshares had a few mentioned as was touted as having a 'solid community'. This was also supported in the comments with a number of users discussing bitshares and helping field questions and educate other users. You can view the article HERE
After several months of work on the Russian gateway into BitShares ecosystem and infrastructure operation, Blockchained team has written a witness proposal. You can read the proposal's English version here, or the Russian version here. If you would like to support their efforts vote for the Bitshares witness 'blkchnd'
Bitshares witness verbaltech2 (@full-steem-ahead) has published his monthly Bitshares witness report; This update @full-steem-ahead discusses hardware upgrades and well as price feed and software upgrades. Great to see the visibility/transparency being displayed by these updates. Please see the update HERE
Embermine (@embermine-drake) have announced that the re-launch of their Ember token sale to support the ongoing development of their platform has been set for 5 May, 2017 at 5:00 UTC. you can see the official announcement and learn more about the crowdsale HERE
Ronny Boesing (@bloggersclub) Founder of OpenLedger is Hiring, Openledger is looking for country ambassadors worldwide who can officially represent our projects (current and future) to their local blockchain and business environments. Think you have what it takes? Check out the his call for applications HERE
Coinmarketcap has updated their back-end processes in relation to BitUSD and are now accurately depicting the Market Cap/Supply of BitUSD in the Bitshares network. As i am writing this the current supply is $685,078 USD. You can view the BitUSD asset page from CMC HERE
@cm-steem has created a post regarding Gridcoin, Bitshares DEX and his experiences with BTSBOT and providing liquidity to a number of markets and making some profit in the process. You can view his post HERE
This weeks Bitshares hangout recording has been published and is available HERE
This weeks Beyond Bitcoin hangout recording has been published. This week had talks from @peerplays @good-karma @peerity-io @Intelliguy and @virtualgrowth you can find more details and last weeks recording HERE
Current registered wallets/accounts within the Bitshares network is 166916; an increase of 1215 wallets/accounts since last week
The last asset registered this week is asset #1359 and it is named 'TATCHCOIN' registered by 'ttch' with the description 'Tatch Capital Limited Coin tatchcapital.com'.
BSotN Russian Style - Thanks to @blockchained for continued effort in translations.
@bitspace - Christian, Ivar and Manuel from the BitGate Team at OSLO Blockchain Day
Smartcoin growth from that start of 2017
Smartcoin and Collateral Statistics
Bitshares Twitter Stats
Thanks @fav for providing twitter statistics for the month of April.
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 | 2,598,564,153 |  1,305,066.00 | 0.05% |
| BTS Stealth | 266,871 | - | 0.00% |
| BTS in Open Orders (DEX) | 15128222 |  -2,591,311.64 | -14.62% |
| Reserve Pool | 1,002,014,489 | -1,305,066.00 | -0.13% |
| RP Accumulated fees | 24,073 | 10,941.00 | 83.32% |
| Collateral (top 250) backing Smartcoins | 417764919 | 12,687,944.00 | 3.13% |
| Top 100 Total | 1,339,476,954 | -6,723,597.01 | -0.50% |
| Top 100 - minus Exchanges | 528,857,862 | 1,487,127.64 | 0.28% |
| Exchanges | 810,619,091 | -8,210,724.65 | -1.00% |
| Non Exchanges | 1,787,945,062 | 9,515,790.65 | 0.54% |
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 | 0.00000997 | 0.01456262 | 116,407,932.85 | 1,695,204.81 | 66.56% | 64.2% |
| CNY | 0.10097938 | 0.01464512 | 58,470,235.07 | 856,303.53 | 33.43% | 74.8% |
| USD | 0.0155 | 0.0155 | 658.06 | 10.1999 | 0.00% | -89.6% |
| GBP | 0.01 | 0.01635587 | 110 | 1.7991 | 0.00% | |
| WAVES | 0.0175 | 0.01062664 | 0 | 0 | 0.00% | |
| EUR | 0.01 | 0.00599093 | 0 | 0 | 0.00% |
Worker Proposals
This section will identify the current approved and pending worker proposals
Active Worker:
- Alfredo Garcia, Bitshares Core Dev
- Soledger - Vikram/Agent86 - Project administration & essential maintenance
- Xeroc - Python-steem and uptick
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 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 | 2,598,564,153 | 0.01459021 | 2,598,564,153 | $37,913,596.69 | 0.0496% |
| BTS Stealth | 266,871 | 0.01459021 | 266,871 | $3,893.70 | 0.00% |
| Reserve Pool | 1,002,014,489 | 0.01459021 | 1,002,014,489 | $14,619,601.82 | -0.1283% |
| Accumulated fees | 24,073 | 0.01459021 | 24,073 | $351.23 | -2.27% |
| BitUSD | 649,600 | 66 | 42,873,600 | $625,534.83 | 5.47% |
| BitCNY | 5,808,141 | 9.62 | 55,874,316 | $815,218.01 | 24.80% |
| BitEUR | 83,244 | 72 | 5,993,568 | $87,447.42 | 134.55% |
| BitBTC | 46.8 | 94,198 | 4,408,466 | $64,320.45 | 10.90% |
| BitGold | 13.28 | 83,173 | 1,104,537 | $16,115.43 | 6.29% |
| BitSilver | 2,717 | 1,125 | 3,056,625 | $44,596.80 | 12.34% |
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 | 2671 | 90 |
| compumatrix1 | 2145 | 26 |
| jianjolly-0 | 1743 | 0 |
| btsabc | 572 | 30 |
| openledger | 514 | 0 |
| fav | 357 | 2 |
| cryptofresh | 341 | 3 |
| gn1 | 251 | 8 |
| ccm2015 | 232 | 3 |
| cryptocurrency3 | 199 | 6 |
| sdr | 188 | 7 |
| by24seven | 185 | 2 |
| xiangxn | 168 | 2 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| xeroc | 33 | 169 | 250.8 | -5.7 |
| bitcrab | 66 | 26 | 208.2 | 13 |
| laomao | 35 | 3 | 79.5 | 4.9 |
| baozi | 24 | 63 | 68.5 | 17 |
| bitshares-munich-wallet | 7 | 13 | 30.3 | -0.1 |
| yao | 27 | 33 | 23.3 | 6.6 |
| btsabc | 60 | 22 | 20.9 | 8.8 |
| jonnybitcoin | 34 | 20 | 12.7 | 0.7 |
| abit | 44 | 235 | 12.2 | 1 |
| fav | 15 | 39 | 11.2 | 2.1 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 791.3 | 30.1 |
| abit | 745.4 | 17.6 |
| chris4210 | 735.7 | 14.9 |
| bhuz | 706.7 | 16.5 |
| xeroc | 645.7 | 11.8 |
| clayop | 637.4 | 11.2 |
| bunkerchainlabs-com | 594.2 | 46.4 |
| ebit | 440 | 11.5 |
| openledgerdc | 382.1 | 35.9 |
| harvey-xts | 337.1 | 13.9 |
| fav | 317 | 9.4 |
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 | 836.7 | 133 | |
| 2 | bhuz 1.6.17 | 808.5 | 1093 | |
| 3 | delegate.baozi 1.6.37 | 792.6 | 1020 | 1 |
| 4 | fox 1.6.16 | 786.2 | 2899 | 6 |
| 5 | witness.yao 1.6.71 | 785.5 | 3115 | 979 |
| 6 | wackou 1.6.18 | 785.4 | 1271 | |
| 7 | rnglab 1.6.45 | 777.1 | 1277 | 2 |
| 8 | verbaltech2 1.6.34 | 772.8 | 1201 | 4 |
| 9 | xman 1.6.64 | 768.8 | 1141 | 7 |
| 10 | jerryliu 1.6.72 | 761 | 2750 | 2 |
| 11 | xn-delegate 1.6.59 | 735.6 | 2288 | 2 |
| 12 | witness.still 1.6.69 | 709.8 | 8325 | |
| 13 | xeldal 1.6.22 | 634.2 | 1045 | 125 |
| 14 | roelandp 1.6.74 | 624.7 | 0 | |
| 15 | datasecuritynode 1.6.49 | 608.5 | 5546 | |
| 16 | abc123 1.6.65 | 606.4 | 841 | |
| 17 | sahkan-bitshares 1.6.73 | 588.4 | 152 | |
| 18 | delegate.freedom 1.6.63 | 493.8 | 3573 | 3 |
| 19 | harvey-xts 1.6.23 | 484.7 | 5107 | 155 |
| 20 | delegate-clayop 1.6.27 | 441.5 | 3350 | |
| 21 | delegate.ihashfury 1.6.26 | 429.7 | 868 | |
| 22 | spartako 1.6.15 | 419.4 | 968 | |
| 23 | elmato 1.6.20 | 404.1 | 3006 | |
| 24 | mr.agsexplorer 1.6.24 | 396.9 | 824 | |
| 25 | openledger-dc 1.6.76 | 382.8 | 0 |
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(include orders) | Orders | Change W/W | Change W/W % |
|---|---|---|---|---|---|
| 1 | poloniexcoldstorage | 290001202.9 | 0 | - | 0.00% |
| 2 | bitcc-bts-cold | 226419023.1 | 0 | - | 0.00% |
| 3 | poloniexwallet | 151107123.8 | 0 | -28,849,444.36 | -16.03% |
| 4 | yun-bts | 39318575.09 | 0 | 22,459,094.21 | 133.21% |
| 5 | yunbi-cold-wallet | 35003434.68 | 0 | - | 0.00% |
| 6 | bittrex-deposit | 34804901.03 | 0 | -2,911,332.90 | -7.72% |
| 7 | stan | 20618873.65 | 0 | - | 0.00% |
| 8 | aloha | 19581146.18 | 0 | 19,481,146.18 | 19481.15% |
| 9 | bitcc-bts | 16188853.98 | 0 | 9,540,008.96 | 143.48% |
| 10 | btercom | 13049112.07 | 0 | - | 0.00% |
| 11 | aboy | 12285703.26 | 0 | -3,317,367.36 | -21.26% |
| 12 | evan | 12118147.13 | 0 | - | 0.00% |
| 13 | cass | 11440165.64 | 0 | - | 0.00% |
| 14 | abit | 11338200.1 | 50000 | -1.80 | 0.00% |
| 15 | mcxcwbts | 10818456.84 | 0 | - | 0.00% |
| 16 | crypto-maniac | 10613396.97 | 0 | - | 0.00% |
| 17 | hnnr8 | 10471001.86 | 0 | - | 0.00% |
| 18 | bitshares-munich-wallet | 10450425.4 | 0 | 11,860.39 | 0.11% |
| 19 | invictus | 9815144.343 | 0 | - | 0.00% |
| 20 | jiny2 | 9443640.165 | 0 | 180,000.00 | 1.94% |
| 21 | virtual-ventures | 9318078.011 | 0 | - | 0.00% |
| 22 | tsuratsura-3557 | 8936507.666 | 0 | -5.98 | 0.00% |
| 23 | roje | 8850429.578 | 0 | - | 0.00% |
| 24 | ibilitlan-scoltock | 8673958.411 | 0 | - | 0.00% |
| 25 | coldstorage1 | 8300001 | 0 | - | 0.00% |
| 26 | comp6 | 8144303.712 | 0 | - | 0.00% |
| 27 | cievia-waugaman | 7990213.251 | 0 | - | 0.00% |
| 28 | bc-godpay | 7563436.058 | 0 | - | 0.00% |
| 29 | graphene2015 | 7492758.488 | 0 | - | 0.00% |
| 30 | haeassa-granovsky | 7431931.353 | 0 | - | 0.00% |
| 31 | tomotomo | 7016825.01 | 0 | - | 0.00% |
| 32 | prebuffo1970 | 6599658.279 | 0 | - | 0.00% |
| 33 | abinia-rivard | 6550562.954 | 0 | - | 0.00% |
| 34 | onceuponatime | 6450888.46 | 0 | 821,847.07 | 14.60% |
| 35 | millibit53 | 6234726.38 | 0 | 6,134,726.38 | 6134.73% |
| 36 | keebler-kahn | 6202386.529 | 0 | - | 0.00% |
| 37 | ubris | 5900000.049 | 0 | - | 0.00% |
| 38 | alexna64 | 5869988.939 | 0 | - | 0.00% |
| 39 | pay.xeroc | 5785155.848 | 0 | - | 0.00% |
| 40 | dev.bitsharesblocks | 5776916.435 | 679522.0174 | - | 0.00% |
| 41 | fericia-brick | 5766622.727 | 0 | - | 0.00% |
| 42 | btszhqxf | 5734711.5 | 0 | - | 0.00% |
| 43 | miso69 | 5478228.737 | 0 | - | 0.00% |
| 44 | linhan | 5425094.721 | 0 | - | 0.00% |
| 45 | cadord-ozois | 5423173.409 | 0 | - | 0.00% |
| 46 | spring | 5376984.066 | 0 | - | 0.00% |
| 47 | bts-morning | 5372840.009 | 0 | - | 0.00% |
| 48 | bristolbay | 5325003.672 | 0 | - | 0.00% |
| 49 | xhunter | 5233238.27 | 0 | - | 0.00% |
| 50 | ddd555 | 5211720.711 | 0 | 5,111,720.71 | 5111.72% |
| 51 | jeraud-kanze | 5172698.487 | 0 | - | 0.00% |
| 52 | laow | 5057708.821 | 0 | - | 0.00% |
| 53 | ccedk.escrow2 | 5000289.963 | 0 | -30,002.80 | -0.60% |
| 54 | jonnybitcoin | 4999999.918 | 0 | -3,999,998.20 | -44.44% |
| 55 | synergy3 | 4787111.81 | 0 | 211,211.42 | 4.62% |
| 56 | geravia-mackinnon | 4777690.635 | 0 | - | 0.00% |
| 57 | bterdeposit | 4726864.627 | 0 | 1,332,550.12 | 39.26% |
| 58 | mybak | 4709247.334 | 0 | - | 0.00% |
| 59 | satoshi-pie | 4622791.181 | 0 | - | 0.00% |
| 60 | bts88 | 4527498.864 | 0 | - | 0.00% |
| 61 | tyrone-shoelaces | 4461958.809 | 0 | - | 0.00% |
| 62 | impseu1 | 4432046.44 | 0 | - | 0.00% |
| 63 | multisig-worker-2017-01 | 4356519.527 | 0 | - | 0.00% |
| 64 | btsxzzh2 | 4348432.46 | 0 | - | 0.00% |
| 65 | blocktrades | 4243038.571 | 6677.33872 | -349,794.00 | -7.62% |
| 66 | slim | 4153504.029 | 0 | - | 0.00% |
| 67 | ironbank | 4144946.098 | 8000 | - | 0.00% |
| 68 | quonael-lievesley | 4087235.19 | 0 | - | 0.00% |
| 69 | tkoba99 | 4034034.173 | 1558.846 | - | 0.00% |
| 70 | goodc0re | 4000002.1 | 0 | -631,836.80 | -13.64% |
| 71 | elendasa-benjamin | 3925769.873 | 0 | - | 0.00% |
| 72 | wesley-waugaman | 3921027.341 | 0 | - | 0.00% |
| 73 | hermes3 | 3832194.901 | 0 | - | 0.00% |
| 74 | jaehyuk | 3627054.385 | 0 | - | 0.00% |
| 75 | smartass | 3569171.707 | 0 | - | 0.00% |
| 76 | abc2000 | 3502556.617 | 0 | 1,192,070.57 | 51.59% |
| 77 | laplap5 | 3493800.179 | 0 | - | 0.00% |
| 78 | mike-primorac | 3479329.453 | 0 | - | 0.00% |
| 79 | koocaa | 3453196.418 | 0 | - | 0.00% |
| 80 | nethyb | 3442787.375 | 0 | - | 0.00% |
| 81 | bitcoinindonesia | 3371335.08 | 0 | -114,368.11 | -3.28% |
| 82 | scottmclane | 3251127.476 | 0 | - | 0.00% |
| 83 | bafohald-degeorge | 3189865.947 | 0 | - | 0.00% |
| 84 | wind-flower | 3174191.323 | 0 | - | 0.00% |
| 85 | lzr1900 | 3113773.898 | 0 | -786,231.08 | -20.16% |
| 86 | mcxcw | 3103908.702 | 0 | -106.16 | 0.00% |
| 87 | null-account | 3011944.766 | 0 | - | 0.00% |
| 88 | gamma-rabbit | 3000739.218 | 0 | -2,272,707.01 | -43.10% |
| 89 | anonym7 | 2972988.998 | 0 | - | 0.00% |
| 90 | profoot | 2949982.108 | 0 | - | 0.00% |
| 91 | ptschina | 2888764.675 | 0 | -1,220.57 | -0.04% |
| 92 | chryspano | 2840887.187 | 0 | - | 0.00% |
| 93 | ccddd | 2800000 | 0 | - | 0.00% |
| 94 | mostar | 2751784.383 | 0 | - | 0.00% |
| 95 | cnfund | 2697437.363 | 236191.7047 | -14,233.67 | -0.52% |
| 96 | rice123 | 2692321.953 | 0 | 1,182,545.96 | 78.33% |
| 97 | root | 2652843.369 | 0 | - | 0.00% |
| 98 | douglasriese1994 | 2642911.206 | 0 | - | 0.00% |
| 99 | rand1 | 2586346.83 | 0 | - | 0.00% |
| 100 | bang-king | 2570419.463 | 0 | -0.25 | 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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