Welcome to the 47th 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 - 8th August 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.
@billbutler has released a new worker proposal for shareholder consideration. The worker proposal named '201708-bitsharesui' for a total of $150,000 USD for 3 positions lasting for a 6 month period focusing on Improvements to the Bitshares User Interface. The team of 3 members consists of Sigve Kvalsvik (@svk), Calvin Froedge and Bill Butler (@billbutler) 'The goal of assembling this team is to better understand the various use cases for BitShares and, based upon that information, craft an improved user experience.' If you are a Bitshares holder it is your responsibility to view the proposal and signal your intentions. Please find more information about this proposal on the Bitshares.Foundation website linked HERE
@stan Larimer and Ronny Boesing (@bloggersclub) are speaking at the 100x Investor summit today and tomorrow (8th and 9th of August). Stan will be speaking at the 'Altcoins: Beyond Bitcoin and the Ether' event and Ronny will be speaking at the 'Workshop: How to Launch Your Token Sale/ICO'. Best Wishes to both Ronny and Stan. More information HERE
Ronny Boesing (CEO of OpenLedger) has announced that OpenLedger had an amazing reception at the Finwise Global Blockchain Summit, attracting many Chinese investors and ICOs for Crowdfunding Services. Held in Shanghai, China over the 30th and 31st of July, thousands of visitors from the blockchain, crypto, and investment communities visited the OpenLedger stand and attended the informational seminar where the world of OpenLedger, the OpenLedger DEX and Crowdfunding Services was introduced to them. See the announcement for more details HERE
@xeroc has migrated the documentation sources for docs.bitshares.org to the official Bitshares Github repo. This is a move towards open access in hope that the the community and leading projects will work toward extension and improvement of the resources. You can find your more about the move HERE or see the sources on Github HERE
@jademont has introduced two new web wallets launched from teams in China; HelloBTS maintained by the team from YOYOW and 1001ICO. Both wallets have built from the base Bitshares reference client and have a focus on ICOs. One of the new features mentioned is an ICO Timeline; which gives investors a roadmap of upcoming ICO hosted on the Bitshares network. Three upcoming ICOs have been listed for IPFS (IOU of official ICO), ATMatrix, and Vechain. Find more information about the ICOs and new wallets HERE
OpenLedger has preformed their monthly Buyback and Burn / Sharedrop operations on OBITS and ICOO holders. This month saw a total of 102,035 OBITS Burnt as well as 6.09 BTC Distributed to ICOO holders. This month has also seen a special Buy back and Burn preformed on ICOO; 32.97 BTC was used to buy back 6,706 ICOO resulting in a new total supply of 465,952 ICOO. Read more about it HERE
Get your Open.MUSE out of the Bitshares Network and onto the native Muse Blockchain! @cob has announced a snapshot for the MUSE network that will occur between August 9th 00:00:01 UTC to August 11th 23:59:59 UTC. A snapshot taken during that time will be used as the Genesis block for the new chain. Holding your MUSE on Bitshares network during this time is not advised as when the snapshot occurs OpenLedger (the gateway provider for MUSE) will be the legal owner of your MUSE. To find more information regarding this snapshot see the official announcement from @cob HERE. In regards to this Ronny Boesing (CEO of OpenLedger) has made the following statement on telegram in response to lack of action from Open.Muse holders: 'Due to large amount of users clearly have not managed to move their open.muse to their own native wallet OpenLedger will make sure it is possible to have the muse in its new form when available taking a snapshot of the user base and their holdings at the time snapshot of muse is announced to begin'
Ronny Boesing (CEO of OpenLedger) has informally mentioned a possible future listing for BTS, BitUSD, OBITS and ICOO on the popular Korean based exchange BitThumb.
@virtualgrowth working with Apptrade has discussed the possibility of a worker proposal seeking to update the Bitshares documentation. The proposed worker proposal will be paid 50% by Bitshares and 50% by Apptrade. So far this is only being floated as an idea but their is a call out for comments and discussion HERE
@michaelx has done and interview with Joal Comm and Travis Wright from BAD Crypto Podcast. You can watch the interview HERE
@full-steem-ahead has released his findings and a guide useful for anyone looking to setup NGINX load balanced fault tolerant services. @full-steem-ahead has used the methods described to insulate his public API servers for maximum reliability. You can find more information in his guide HERE
@kencode is looking to hire more team members, The ideal candidates are a Google Material Design Expert or Scala Developer; if that sounds like you or someone you know you can find out more about the Google Material Design Expert position HERE or Scala Developer position HERE
The first deployment of Peerplays Eight enters beta-testing next week, which means everyone will soon have access to the world’s first real-time interactive on-chain game (Rock, Paper, Scissors or “RPS”) from a stylish GUI written entirely in the Unity3D framework. You can find more information 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 381280; an increase of 3020 wallets/accounts since last week
The last asset registered this week is asset #1587 and it is named 'BTCX' registered by 'openledger-btcx' with the description 'BTSX: Fast Bitcoin: A Peer-to-Peer Electronic Cash System'. THIS IS NOT THE OFFICIAL BITCOIN UNITED AS PROPOSED BY @STAN
Smartcoin issueance chart showing weekly change since the start of 2017
Telegram user 'BTS-Bourgeoisie' has been creating great graphics over the last week or two, here are a couple of my favorites
Sebastian Jago views on Bitshares and the Billion Hero campaign (Starting from 15:40)
What is 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 | 2,597,678,107 |  261,178.00 | 0.01% |
| BTS Stealth | 270,324 | - | 0.00% |
| BTS in Open Orders (DEX - T250) | 3240515.9 | 157,992.00 | 3.54% |
| Reserve Pool | 1002893953 |  -259,637.00 | -0.03% |
| RP Accumulated fees | 49376 | -11,734.00 | -21.71% |
| Collateral (top 250) backing Smartcoins | 382913343 | 13,211,302.00 | 3.50% |
| Top 100 Total | 1,553,311,951 | -24,326,459.00 | -1.55% |
| Top 100 - minus Exchanges | 434,994,225 | -20,078,648.00 | -4.53% |
| Exchanges | 1,118,317,726 | -4,247,811.00 | -0.38% |
| Non Exchanges | 1,479,360,381 | 4,508,989.00 | 0.31% |
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 | 1.0575 | 0.16 | 208,233,924.72 | 32,901,250.16 | 89.5% | -7.4% |
| BTC | 0.00 | 0.16 | 24,028,623.49 | 3,854,078.67 | 10.3% | -6.4% |
| ETH | 0.0005 | 0.16 | 170,807.45 | 26,651.86 | 0.7% | |
| EUR | 0.133051 | 0.15617066 | 1,281.31 | 200.10 | 0.1% | |
| WAVES | 0.03 | 0.15632097 | 0.00 | 0.00 | 0.0% | |
| USD | 0.142836 | 0.142836 | 0 | 0 | 0.0% |
Worker Proposals
This section will identify the current approved and pending worker proposals
Active Worker:
Proposed Worker
- 201708-bitsharesui - Bill Butler UI
- Soledger - Vikram/Agent86 - Project administration & essential maintenance
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, PPY and CNY
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 | 2,597,678,107 | 0.15824742 | 2,597,678,107 | $411,075,858.42 | 0.010% |
| BTS Stealth | 270,324 | 0.15824742 | 270,324 | $42,778.08 | 0.00% |
| Reserve Pool | 1,002,893,953 | 0.15824742 | 1,002,893,953 | $158,705,380.60 | -0.026% |
| Accumulated fees | 49,376 | 0.15824742 | 49,376 | $7,813.62 | -19.20% |
| BitUSD | 3,717,467 | 6.29 | 23,382,867 | $3,717,467.00 | 7.05% |
| BitCNY | 76,377,341 | 0.941 | 71,871,078 | $11,373,412.65 | 14.52% |
| BitEUR | 103,512 | 7.4 | 765,989 | $121,215.75 | 13.64% |
| BitBTC | 71 | 21,235 | 1,507,685 | $238,587.26 | -6.58% |
| BitGold | 90 | 7908.92 | 711,803 | $112,640.96 | 0.00% |
| BitSilver | 8,703 | 104.1 | 905,982 | $143,369.36 | 3.61% |
| Ruble | 2,553,425 | 0.105 | 268,110 | $42,427.66 | 63.85% |
| HERO | 1,891 | 989 | 1,870,199 | $295,954.17 | 0.27% |
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 | 4224 | 87 |
| compumatrix1 | 2313 | 8 |
| btsabc | 2216 | 39 |
| jianjolly-0 | 1743 | 0 |
| digital-nomad | 1233 | 161 |
| sdr | 1116 | 27 |
| cryptofresh | 692 | 17 |
| openledger | 528 | 0 |
| fav | 528 | 5 |
| cryptocurrency3 | 515 | 9 |
| gn1 | 391 | 7 |
| ebit | 315 | 6 |
| by24seven | 314 | 6 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| bitcrab | 64 | 39 | 229.5 | -0.8 |
| xeroc | 35 | 187 | 221.1 | 1.8 |
| laomao | 35 | 4 | 147.9 | 7 |
| baozi | 29 | 66 | 53.2 | 0.5 |
| fav | 20 | 94 | 38 | -4.4 |
| abit | 43 | 489 | 12.1 | 0.1 |
| bunkerchainlabs-com | 38 | 20 | 8.6 | 1.6 |
| dahu | 23 | 3 | 8.4 | 0 |
| hellobts | 30 | 19 | 7.5 | -0.2 |
| blckchnd | 21 | 344 | 6.6 | 0.1 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 798.1 | 20.2 |
| abit | 774.1 | 10.8 |
| bhuz | 743 | 11.9 |
| clayop | 675.5 | 13.5 |
| xeroc | 624.5 | 7.9 |
| bunkerchainlabs-com | 583.9 | 0.7 |
| witness.still | 576.5 | 6.8 |
| openledgerdc | 404.5 | 0.7 |
| harvey-xts | 408 | 6.2 |
| chris4210 | 381.4 | 0.8 |
| ebit | 374.5 | 2.4 |
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 | 830.4 | 703 | |
| 2 | wackou 1.6.18 | 806.4 | 1791 | 1 |
| 3 | fox 1.6.16 | 805.6 | 3347 | |
| 4 | bhuz 1.6.17 | 804.7 | 1560 | |
| 5 | verbaltech2 1.6.34 | 801.2 | 1666 | |
| 6 | rnglab 1.6.45 | 760.3 | 1825 | 8 |
| 7 | xman 1.6.64 | 752.4 | 1601 | |
| 8 | witness.yao 1.6.71 | 752.1 | 3540 | 2 |
| 9 | delegate.baozi 1.6.37 | 750.8 | 1445 | 2 |
| 10 | elmato 1.6.20 | 737.7 | 4073 | |
| 11 | witness.still 1.6.69 | 736.3 | 8924 | |
| 12 | xn-delegate 1.6.59 | 720.1 | 2752 | 3 |
| 13 | xeldal 1.6.22 | 676.9 | 1873 | 2 |
| 14 | roelandp 1.6.74 | 636.9 | 9 | |
| 15 | openledger-dc 1.6.76 | 625.5 | 504 | |
| 16 | blckchnd 1.6.75 | 619.6 | 591 | 1 |
| 17 | sahkan-bitshares 1.6.73 | 570.2 | 789 | 1 |
| 18 | delegate-1.lafona 1.6.28 | 559.1 | 1566 | 1 |
| 19 | abc123 1.6.65 | 558.3 | 1256 | 1 |
| 20 | delegate.freedom 1.6.63 | 501.7 | 4851 | |
| 21 | mr.agsexplorer 1.6.24 | 498.1 | 4850 | 2 |
| 22 | harvey-xts 1.6.23 | 496.3 | 5809 | 1 |
| 23 | delegate.btsnow 1.6.40 | 483.8 | 4044 | 4 |
| 24 | spartako 1.6.15 | 466.1 | 2084 | 3 |
| 25 | delegate-clayop 1.6.27 | 448.9 | 4842 |
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 | 182,173,632 | 0 | -31,934,336.00 | -14.92% |
| 3 | yunbi-cold-wallet | 135,000,000 | 0 | -5,000,000.00 | -3.57% |
| 4 | bitcc-bts-cold | 127,056,157 | 0 | 2,999,999.00 | 2.42% |
| 5 | yunbi-granary | 100,000,000 | 0 | - | 0.00% |
| 6 | bittrex-deposit | 88,751,498 | 0 | 8,608,020.00 | 10.74% |
| 7 | jubi-bts | 79,366,034 | 0 | 258,434.00 | 0.33% |
| 8 | btschbtc | 50,000,990 | 0 | - | 0.00% |
| 9 | bterdeposit | 29,615,239 | 0 | 3,015,612.00 | 11.34% |
| 10 | aloha | 19,373,644 | 0 | -1,303,079.00 | -6.30% |
| 11 | echocold1 | 16,577,637 | 0 | - | 0.00% |
| 12 | stan | 15,333,648 | 0 | 318,700.00 | 2.12% |
| 13 | btercom | 13,049,112 | 0 | - | 0.00% |
| 14 | yun-bts | 12,630,200 | 0 | 11,630,200.00 | 1163.02% |
| 15 | tsuratsura-3557 | 12,180,000 | 0 | -1,013.00 | -0.01% |
| 16 | jy2017 | 11,696,101 | 0 | - | 0.00% |
| 17 | baozi | 10,974,056 | 0 | 1.00 | 0.00% |
| 18 | evan | 10,659,692 | 0 | - | 0.00% |
| 19 | cass | 9,590,210 | 0 | 42,535.00 | 0.45% |
| 20 | getch-bts | 9,528,764 | 0 | - | 0.00% |
| 21 | virtual-ventures | 9,318,078 | 0 | - | 0.00% |
| 22 | roje | 8,850,419 | 0 | - | 0.00% |
| 23 | ibilitlan-scoltock | 8,673,958 | 0 | - | 0.00% |
| 24 | chsend | 8,281,602 | 0 | 2,298,133.00 | 38.41% |
| 25 | cievia-waugaman | 7,990,213 | 0 | - | 0.00% |
| 26 | graphene2015 | 7,744,451 | 0 | -1.00 | 0.00% |
| 27 | invictus | 7,494,364 | 0 | - | 0.00% |
| 28 | jiny2 | 7,438,984 | 0 | - | 0.00% |
| 29 | haeassa-granovsky | 7,431,931 | 0 | - | 0.00% |
| 30 | alexna64 | 7,263,382 | 0 | - | 0.00% |
| 31 | bts-scotter | 6,702,872 | 112 | - | 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 | fericia-brick | 5,766,623 | 0 | - | 0.00% |
| 36 | btszhqxf | 5,734,712 | 0 | - | 0.00% |
| 37 | hnnr8 | 5,460,997 | 0 | - | 0.00% |
| 38 | linhan | 5,425,095 | 0 | - | 0.00% |
| 39 | cadord-ozois | 5,423,173 | 0 | - | 0.00% |
| 40 | spring | 5,365,475 | 0 | - | 0.00% |
| 41 | abit | 5,233,612 | 0 | 11,060.00 | 0.21% |
| 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 | bitcc-bts-withdrawal | 4,706,275 | 0 | 3,706,275.00 | 370.63% |
| 48 | bitcoinindonesia | 4,700,609 | 0 | -54,360.00 | -1.14% |
| 49 | tyrone-shoelaces | 4,459,898 | 0 | - | 0.00% |
| 50 | btsxzzh2 | 4,348,432 | 0 | - | 0.00% |
| 51 | synergy3 | 4,256,729 | 85 | - | 0.00% |
| 52 | slim | 4,153,744 | 0 | - | 0.00% |
| 53 | quonael-lievesley | 4,087,235 | 0 | - | 0.00% |
| 54 | coldstorage1 | 4,000,000 | 0 | - | 0.00% |
| 55 | wesley-waugaman | 3,921,027 | 0 | - | 0.00% |
| 56 | blocktrades | 3,721,187 | 6,674 | 33,957.00 | 0.92% |
| 57 | bts-morning | 3,606,075 | 0 | -62,229.00 | -1.70% |
| 58 | do123 | 3,480,854 | 0 | - | 0.00% |
| 59 | tkoba99 | 3,358,488 | 1559 | 185,511.00 | 5.85% |
| 60 | laplap5 | 3,341,271 | 0 | - | 0.00% |
| 61 | cryptonomex | 3,294,759 | 0 | -3,300.00 | -0.10% |
| 62 | goodc0re | 3,290,951 | 0 | - | 0.00% |
| 63 | wys | 3,256,806 | 0 | 1,090,934.00 | 50.37% |
| 64 | jaehyuk | 3,227,053 | 0 | - | 0.00% |
| 65 | scottmclane | 3,197,126 | 20000 | - | 0.00% |
| 66 | bafohald-degeorge | 3,189,866 | 0 | - | 0.00% |
| 67 | wind-flower | 3,174,192 | 0 | - | 0.00% |
| 68 | cny123 | 3,047,694 | 0 | 37,786.00 | 1.26% |
| 69 | null-account | 3,011,945 | 0 | - | 0.00% |
| 70 | lao-wallet | 3,000,973 | 0 | 180,327.00 | 6.39% |
| 71 | pay.xeroc | 3,000,754 | 0 | -1,499,608.00 | -33.32% |
| 72 | billion-hero-prize | 3,000,000 | 0 | - | 0.00% |
| 73 | tel-911 | 2,909,136 | 0 | - | 0.00% |
| 74 | bts-198hot | 2,768,162 | 0 | 1,768,162.00 | 176.82% |
| 75 | dev.bitsharesblocks | 2,699,548 | 0 | - | 0.00% |
| 76 | oraclechain | 2,588,074 | 0 | - | 0.00% |
| 77 | rg33m43ffaeqdrnk | 2,564,725 | 0 | - | 0.00% |
| 78 | hardfork2 | 2,545,413 | 0 | - | 0.00% |
| 79 | satoshi-pie | 2,541,024 | 0 | - | 0.00% |
| 80 | serg | 2,538,927 | 0 | - | 0.00% |
| 81 | chainsquad | 2,528,017 | 0 | - | 0.00% |
| 82 | super-bts | 2,499,995 | 0 | - | 0.00% |
| 83 | thread | 2,495,016 | 0 | 9,026.00 | 0.36% |
| 84 | jogger2 | 2,403,888 | 0 | -120,626.00 | -4.78% |
| 85 | poloniexwallet | 2,392,059 | 0 | -3,107,342.00 | -56.50% |
| 86 | spook | 2,296,849 | 0 | - | 0.00% |
| 87 | dark-angel | 2,237,395 | 0 | - | 0.00% |
| 88 | mostar | 2,217,511 | 0 | - | 0.00% |
| 89 | nana-roseannadana | 2,209,986 | 0 | - | 0.00% |
| 90 | yvg1900 | 2,201,037 | 0 | - | 0.00% |
| 91 | kedaliwin-tefft | 2,192,433 | 0 | - | 0.00% |
| 92 | talos | 2,161,539 | 0 | - | 0.00% |
| 93 | jackkang | 2,160,005 | 0 | -1,165,171.00 | -35.04% |
| 94 | top-quants | 2,128,009 | 0 | - | 0.00% |
| 95 | wackou | 2,117,523 | 0 | -50.00 | 0.00% |
| 96 | bilbo-baggins | 2,113,427 | 0 | - | 0.00% |
| 97 | cryptillionaire | 2,104,150 | 0 | - | 0.00% |
| 98 | wwwtaobaocom | 2,072,094 | 0 | - | 0.00% |
| 99 | wayne-btsx | 2,063,813 | 0 | - | 0.00% |
| 100 | jonnybitcoin | 2,058,843 | 0 | 4,613.00 | 0.22% |
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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