

Welcome to the 26th Bitshares State of the Network (BSotN) report. I will be releasing this report weekly to look at 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 - 14th March 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.

HAPPY TESTNET STRESS TEST WEEK!! - 15th March 3PM UTC



Find out more HERE or get prepared to join in HERE

Observation from this week

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

Alfred Garcia (Bitshares Core Dev) has been working to maintain the open issues and has closed some issues this week and is very close to being able to close the socket spamming issue plaguing many developers. Ken has also suggested that Alfredo maybe working on new features such as 'Dividends, Black Swan prevention and recovery, advanced Trading functions to DEx (Margin Trading, Stop Loss, Trailing Stop etc.), selling/dumping a UIA that you no longer want, Worker proposal upgrade (as per Data and Jonny's ideas), Recurring and Scheduled Payments feature, make it so that FBA's don't always need a hardfork, and a lot more'. If you have feature requests that you would like added to the list for community approve please contact @chris4210. See the Full update HERE

Peerplays outreach and education coordinator, Robyn Wilkie has started working with the PBSA team this week; based in Nova Scotia Canada; Also in Peerplays news Sports and Politics has published an article titled 'Peerplays Sports Betting Could “Uberize” Industry for Millions' which you can read HERE

Bitkaptial (The Turkish Lira gateway to the Bitshares Decentralized Exchange) CEO Jian Jolly has spoken this week about a pending urgency for Bitshares development and the need for Bitshares to stand out from the crowd. As part of this statement he has committed his team and their resources to assisting the growth and further development of the platform; Bitkaptital will migrate from their current hosted/customised wallet to the official Bitshares reference wallet. As part of this migration they will first focus on bug testing all wallet features on multiple operating systems and browsers; any issues will be logged as github issues for action by the developers. Jian has also noted that they have started raising Bitshares awareness via their website Coin-Turk (the Coindesk of Turkey) and is looking forward to doing interviews with the founders of other Bitshares business. Last but not least Jian hinted at an ongoing development for a 'trader's' platform built on Bitshares; that will abstract a lot of the complexities of the network away and focus solely on a platform that will allow users to trade via the DEX (This is proposed to work via python-bitshares library being developed by @xeroc).

RyanRFox (@fox) creator of the Microsoft Azure (BaaS) Bitshares template has created a testnet template to help with rapid deployment of witness node on the Microsoft Azure platform. I personally have used this template and it is a huge time saver and his efforts are greatly appreciated. Find more information on the Template and a quick start guide HERE

Christoph Hering (@chris4210) Co-Founder & CEO of Bitshares Munich is hosting a Stresstest Setup Party on Tuesday March 14th at 3 pm UTC (1 day before the actual stresstest). During the party their will be help on hand to get anyone interested setup on a testnet witness ready for the testnet flooding/stresstest on March 15th. Easy setup is expected due to the Azure template created by @fox (Azure is not the required platform, its just easy)

Bitshares testnet STRESSTEST is being conducted on the 15th of March 2017 at 3PM UTC. Xeroc has been leading the charge and has also developed a real-time stats page that we can keep an eye on the progress. Find out more about the test and find the resources HERE. In the lead up testnet witnesses have been running personal (not coordinated) tests in preparation. So far the test net has demonstrated 917 TPS (Transactions Per second) - these results were obtained from a single witness node!!. You can watch the testnet transaction HERE

BitUSD is up 49% Week on Week with a Market Cap of 180k USD; This is in part to a large effort in boosting the BitUSD market headed up by Bitshares user BitCrab

Ronny Boesing (@bloggersclub) from OpenLedger has attended the Blockchain & Bitcoin Conference in Tallinn, Estonia

OpenLedger will be hosting an ICO for the Internet of Coins project. The ICO/Fundraiser will start on March 21st, 2017. The news was released in a blog post that can be found HERE - The following is an extract from that post 'Essentially a wallet, Internet of Coins is a secure way to store cryptocurrencies and smart contracts, and trade them without centralized exchanges. With an easy-to-use interface to manage multiple coins and assets, users of Internet of Coins need no advanced technological knowledge to work with cryptocurrencies. Furthermore, the platform acts as an interface to smart contract systems, decentralized communications, and distributed notary functions.'

@kencode has released his weekly update filled with news from a number of projects that Bitshares-Munich are working on (BlockPay, C-IPFS, Bitshares Stealth, Smartcoins Wallet). His Update can be found HERE <- lots of good stuff in here!!

Bitshares-Munich has released a new version of the BlockPay S mobile application (v1.5.9). Download the latest version for the Google Playstore.

@taskmanager has preformed a buyback of his TASKMANAGER token via Open.Steem find out more details HERE

This weeks Bitshares hangout recording has been published and is availible HERE

This weeks Beyond Bitcoin hangout recording has been published. This week had talks from @peerplays @agent725 @bitkapital and @peugenio you can find more details and the recording HERE

Current registered wallets/accounts within the Bitshares network is 157392; an increase of 450 wallets/accounts since last week

The last asset registered this week is asset #1292 and it is named 'DEXBTC' registered by 'dex-assets' with the description '1 BTC backed with bitcoin'.

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 2,588,596,964 1,761,978.00 0.07% BTS Stealth 266,837 - 0.00% BTS in Open Orders (DEX) 37568682.88 -534,092.73 -1.40% Reserve Pool 1,011,984,111 -1,761,979.00 -0.17% RP Accumulated fees 29,978 177.00 0.59% Collateral (top 250) backing Smartcoins 327168618 17,963,071.00 5.81% Top 100 Total 1,392,168,055 -4,323,505.21 -0.31% Top 100 - minus Exchanges 526,855,832 10,718,250.77 2.08% Exchanges 865,312,223 -15,041,755.98 -1.71% Non Exchanges 1,723,284,741 16,803,733.98 0.98%

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 0.00000333 0.0041425 39,326,376.88 162,909.49 54.5962 145.68% CNY 0.02821389 0.00408085 32,704,934.52 133,463.86 45.4038 166.29% USD 0.00418368 0.00418368 0 0 0 EUR 0.00359878 0.00383415 0 0 0 NXT 0.103 0.00072433 0 0 0

Worker Proposals

This section will identify the current approved and pending worker proposals



Active Worker:

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 USD

Smartcoins

This sections seeks to analyse the current supply and market capitalisation of the Bitshares Smartcoins. We also look at the most active trading pairs of each asset and provide a 1yr view of the price and market cap of each Smart coin.

Asset Supply Price Market Cap BTS Market Cap USD Supply Change W/W BTS 2,588,596,964 0.00411451 2,588,596,964 $10,650,808.09 0.0681% BTS Stealth 266,837 0.00411451 266,837 $1,097.90 0.0000% Reserve Pool 1,011,984,111 0.00411451 1,011,984,111 $4,163,818.74 -0.1738% Accumulated fees 29,978 0.00411451 29,978 $123.34 0.5939% BitUSD 186,641 246 45,913,686 $188,912.32 49.7465% BitCNY 1,041,789 35.2 36,670,973 $150,883.08 -7.9095% BitEUR 6,879 261.3 1,797,483 $7,395.76 16.9103% BitBTC 39.3 303,030 11,909,079 $49,000.02 -0.5063% BitGold 9.8 294,825 2,889,285 $11,887.99 2.7254% BitSilver 1,473 4,165 6,135,045 $25,242.70 15.8930%

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 2236 42 compumatrix1 1635 0 jianjolly-0 1608 39 openledger 514 0 btsabc 438 4 fav 338 5 cryptofresh 326 2 gn1 233 1 ccm2015 224 0 cryptocurrency3 186 1 by24seven 169 2 sdr 120 3 cat-ch 119 0

Vote Proxies

This section will track the change in proxy voting

Account Opinions Followers Weight (M) Weight Change (M) xeroc 37 163 227.1 16.9 bitcrab 39 23 109.9 11.7 baozi 19 64 84.6 -4.2 laomao 35 3 50.4 1.7 bitshares-munich-wallet 9 11 26.4 0.2 harvey 50 5 22.4 0 jonnybitcoin 28 14 13.9 0 fav 24 35 13.7 0 bytemaster 38 41 11.5 0.1 baicai 49 4 10.7 0.2

Committee Members

This section will track shareholder approval of committee members

Account Votes (M) Votes Change (M) bitcrab 609.4 0 chris4210 552.4 0 bhuz 521.3 0 abit 474.7 0 xeroc 464.5 0 clayop 461.3 0 dele-puppy 395.1 0 bunkerchainlabs-com 392.9 0 ebit 332.2 0 bitcube 298.6 0 harvey-xts 190.4 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 bitcc-bts-cold 346419056.4 0 - 0.00% 2 poloniexcoldstorage 290001202.9 0 - 0.00% 3 poloniexwallet 76741905.19 0 -5,335,569.47 -6.50% 4 yunbi-cold-wallet 35003434.68 0 - 0.00% 5 bitcc-bts 32443241.63 0 8,217,622.83 33.92% 6 pr1modiaprile 24999291.42 0 - 0.00% 7 bittrex-deposit 21849158.85 0 140,589.28 0.65% 8 btsx-bitshare 19863402 0 - 0.00% 9 stan 17134775.69 0 - 0.00% 10 btercom 17049117.35 0 - 0.00% 11 alohacs 16855553.92 0 - 0.00% 12 yun-bts 15438254.19 0 1,685,338.09 12.25% 13 tsuratsura-3557 14905864.52 0 -1,858,671.92 -11.09% 14 evan 12118147.13 0 - 0.00% 15 cass 11068344.41 0 - 0.00% 16 mcxcwbts 10818456.61 0 - 0.00% 17 funnycat-air 10811808.18 6928719 -727,500.15 -6.30% 18 bitshares-munich-wallet 10793378.87 0 - 0.00% 19 crypto-maniac 10597469.97 0 - 0.00% 20 hnnr8 10471001.86 0 - 0.00% 21 jonnybitcoin 10000010.5 0 136,712.03 1.39% 22 invictus 9815143.343 0 - 0.00% 23 virtual-ventures 9318077.011 0 - 0.00% 24 jiny2 9263139.165 0 -8,770.37 -0.09% 25 suyuekuangcheng666 8899393.782 6644200 - 0.00% 26 roje 8850428.578 0 - 0.00% 27 ibilitlan-scoltock 8673958.411 0 8,673,958.41 New to T1000 28 coldstorage1 8300000 0 - 0.00% 29 cievia-waugaman 7990212.251 0 - 0.00% 30 bc-godpay 7563433.058 0 - 0.00% 31 dev.bitsharesblocks 7540774.309 1885782.194 -30,940.72 -0.41% 32 haeassa-granovsky 7431930.353 0 - 0.00% 33 abinia-rivard 6550561.954 0 - 0.00% 34 goldsix 6050400.848 0 - 0.00% 35 ubris 5999999.845 0 - 0.00% 36 fericia-brick 5766621.727 0 - 0.00% 37 btszhqxf 5734710.5 0 - 0.00% 38 miso69 5478227.737 0 - 0.00% 39 linhan 5425093.721 0 - 0.00% 40 cadord-ozois 5423172.409 0 - 0.00% 41 pay.xeroc 5390378.805 0 - 0.00% 42 cissy 5383923.483 10000 - 0.00% 43 bristolbay 5325002.672 0 - 0.00% 44 teiva 5276562.396 1030000 - 0.00% 45 comp6 5250152.721 0 1,408,405.77 36.66% 46 xhunter 5233237.27 0 - 0.00% 47 trans.bot 5217136.679 634735.0356 2,233,146.22 74.84% 48 jeraud-kanze 5172697.487 0 - 0.00% 49 ccedk.escrow2 5150294.966 0 - 0.00% 50 ironbank 5144966.404 8000 - 0.00% 51 lzr1900 5087494.019 0 1,425,685.60 38.93% 52 laow 5057707.821 0 - 0.00% 53 roland.sun 5022491.809 0 - 0.00% 54 bitcc-bts-withdrawal 4942775.211 0 -17,187,781.65 -77.67% 55 prebuffo1970 4834033.226 0 - 0.00% 56 geravia-mackinnon 4777689.635 0 - 0.00% 57 mybak 4709246.334 0 - 0.00% 58 harvey 4699119.747 34839.55 -1.29 0.00% 59 spring 4673511.95 110000 - 0.00% 60 satoshi-pie 4622790.181 0 1,505,423.99 48.29% 61 cnfund 4556137.854 0 -90,685.89 -1.95% 62 bts88 4527532 0 - 0.00% 63 impseu1 4432045.44 0 - 0.00% 64 btsxzzh2 4348431.46 0 - 0.00% 65 onceuponatime 4190280.58 0 -38,924.32 -0.92% 66 kimziv0 4176436.612 0 - 0.00% 67 stellar 4118034.258 4637.1 - 0.00% 68 slim 4100811.632 0 - 0.00% 69 quonael-lievesley 4087235.19 0 - 0.00% 70 elendasa-benjamin 3925769.873 0 - 0.00% 71 wesley-waugaman 3921027.341 0 - 0.00% 72 hermes3 3832194.901 0 - 0.00% 73 blocktrades 3816988.722 6677.33872 3,190,312.47 509.08% 74 wys 3706185.413 0 - 0.00% 75 jaehyuk 3627054.385 0 - 0.00% 76 bts-morning 3491846.009 0 - 0.00% 77 mike-primorac 3479329.453 0 - 0.00% 78 koocaa 3453196.418 0 - 0.00% 79 tomotomo1 3332277.428 0 - 0.00% 80 ags 3256677.911 0 - 0.00% 81 scottmclane 3251127.476 0 - 0.00% 82 tyrone-shoelaces 3233062.134 0 - 0.00% 83 chryspano 3200097.451 0 - 0.00% 84 bafohald-degeorge 3189865.947 0 - 0.00% 85 bterdeposit 3087096.942 0 -479,611.51 -13.45% 86 bunkerchainlabs-com 3076668.779 0 - 0.00% 87 bitgate-ico1 3040926.067 0 - 0.00% 88 null-account 3011944.766 0 - 0.00% 89 anonym7 2972988.998 0 - 0.00% 90 profoot 2949982.108 0 - 0.00% 91 ccddd 2800000 0 - 0.00% 92 laplap5 2773334.348 0 344,248.00 14.17% 93 mostar 2751889.402 22900 - 0.00% 94 douglasriese1994 2642911.206 0 461,502.95 21.16% 95 rand1 2586346.83 0 - 0.00% 96 bang-king 2570419.946 0 -0.24 0.00% 97 kan791 2569361.488 0 - 0.00% 98 enki 2556297.131 89953.10196 229,584.40 9.87% 99 dragongroup 2549459.689 0 - 0.00% 100 hardfork2 2545413.479 0 - 0.00%

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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