

Welcome to the 68th 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.

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.

This section will highlight any observations made while analysing the data.

The Smartcoin market now exceeds 100 Million USD all of which is backed by BTS collateral. Current Bitshares collateral backing of the smartcoin economy is valued at over 393 Million USD; That is to say: for each $1 of face value in the smartcoin market there is currently $3.93 of value/collateral (BTS) backing that single $1 all of which is trustlessly secured by smart contracts running on the blockchain!

Boxing legend Evander Holyfield is teaming up with Cryptonomex in a full-scale Joint Venture to raise a billion dollars for humanitarian disaster preparedness. Together they will raise a million dollars for the cause and then grow it to a billion dollar endowment by promoting growth in BitShares during the remaining two years of this decade. More information HERE

This week has seen good growth in the Bitshares smartcoin economy seeing BitGold supply increase by 68%, BitCNY supply increase by 40% as well as Ruble up 25%, BitBTC up 18% and USD up 16%.

Boxing legend and hall of famer Evander Holyfield has officially endorsed AriseBank. The slogan 'Join the biggest fight in history' has arisen from the partnership. Picture below.

BitXCD Eastern Caribbean dollar is now live on the Bitshares network. BitXCD is a unique SmartCoin, because it is not backed by BTS but by bitUSD, as a 2nd level SmartCoin. The Eastern Caribbean dollar is subdivided into 100 cents and has been pegged to the United States dollar since 7 July 1976, and the exchange rate is US$1 = EC$2.70 or 0.3704 US cents. Given the fixed exchange rate of this currency and the collateral backing being BitUSD, The collateral requirements have been reduced to 1.001. You can find more information HERE and the original discussion HERE

@ash has released the December Statistics for r/Bitshares a popular Bitshares subreddit on reddit.com. December has shown it has been the most popular moth with page views hitting an all new high which was 15% greater than the previous most popular month in June. Another impressive statistic is that unique visitors has almost doubled the amount registered in June. More information HERE

Bitshares committee members are currently voting on BTS-RFC 1.10.7232. This proposal is proposing a reduction in fees on the Bitshares network and also the reintroduction of the Annual Membership which provides the same benefits of a lifetime membership on a yearly basis.

This week i used a lesser known tool which help me export my whole account history to Excel. This tool was developed by Alfredo who is one of the Bitshares core developers. You can find this tool HERE

BTSBots used to let you run your own market making bot on the BitShares DEX, however it has been shut down now. BTSBots has been "revived" into another web-based bot called BitSharesBOTS. You can find BitsharesBOTS at bitsharesbot.com. Please be advised that parts of this platform a closed source and therefore you should assess the risks before using such a platform.

The Beyond Bitcoin Bitshares weekly hangouts have now moved to the Discord platform. You can join the Bitshares Discord HERE and also catch the latest hangouts streamed live on youtube HERE

This week’s Bitshares hangout recording has been published and is available HERE

Current registered wallets/accounts within the Bitshares network is 565704; an increase of 24681 wallets/accounts since last week