

Welcome to the 69th 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 - 16th January 2018

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.

Alfredo Garcia (Bitshares core developer) has proposed a new worker proposal set to come into affect on the 22nd of Jan 2018. This new worker is to replace his previous worker proposal which has now expired. Alfredo has done great work on the Bitshares platform and the votes speak for themselves with his worker proposal already receiving enough vote to have it become active on the day of commencement

The team from Scorum (currently in ICO) have outlined an opensource method of doing ACCT (Atomic Cross Chain Transaction) on Graphene based chains. The paper outlines specifically a method demonstrating ACCT between their Graphene based chain and Litecoin. The team who developed this method have also offered support to implement this function within the Bitshares network. For more information see the ACCT Guide and their post on BitsharesTalk forum HERE

A new version of the Bitshares Reference wallet has been released (v2.0.180115). This update has featured more prominent headers on the exchange, updated send modal and language selector as well as some bug fixes. Get more information about the changes HERE and previous update HERE

@michaelx on behalf of Cryptonomex has created a worker proposal seeking the funds required to purchase bitshares.com. This domain was acquired by a fore-thinking squatter that recognised the value of the project. As Bitshares has grown so has the price of this domain and at the moment the asking price is said to be 250,000 USD. Apparently their is another party interested in purchasing this domain and from what we know this is not a member of the community or anyone related to the project.. obviously a domain in the wrong hands is not ideal. The worker proposal is for 500,000 BTS. more details HERE

24 hour trade volume of 170 Million USD on the DEX recorded on the 16th of Jan

Due to a fee reduction the cost of Life Time Membership's on the Bitshares network have been reduced from 1457 BTS down to 110.8 BTS. Given the current market condition these are the cheapest prices i have seen for LTM's.. I recommend if you have been waiting for a time to buy this membership then you should consider the current sale prices.

The Bitspark teams has released another update to the Zephyr project. Update #4 covers some technical and business updates including new team members, signing of NDAs as well as development on the upcoming Sendy 2.0 mobile app and more. Read the full report HERE

A quote from George Harrap (Co-Founder of Bitspark): 'There is only 1 DEX that has 1. Been in existence 3.5years. 2. Operated at 3300tx/s. 3. Have zero counterparty stablecoins. 4. $200m vol yesterday. objectively #bitshares is so far ahead of other projects it’s not even close'

RuDEX team have launched 0% market fee gateways for Karma and Decent, they ask you to vote for their witness blckchnd

Centralized Exchange Coinbene started offering bitCNY Markets. More information HERE

@cm-steem has released a server on the testnet for his HUG REST API; This API provides open-source high performance interface to the Bitshares network through simple GET requests. For more information see his full post HERE

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 643928; an increase of 39112 wallets/accounts since last week

Smartcoin issuance chart showing weekly change since the start of 2017

Bitshares Referance wallet V 2.0.180115





AriseBank

Bitsparks Sendy App

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 2,607,248,196 714,423.00 0.03% BTS Stealth 287,458 - 0.00% BTS in Open Orders (DEX - T250) 6495621 1,247,342.00 20.77% Reserve Pool 993,324,958 -714,423.00 -0.07% RP Accumulated fees 37,401 - 0.00% Collateral (top 250) backing Smartcoins 450823661 -41,535,605.00 -8.61% Top 100 Total 1,139,836,375 51,333,240.00 4.65% Top 100 - minus Exchanges 460,737,962 32,590,607.00 7.32% Exchanges 679,098,413 18,742,633.00 2.84% Non Exchanges 1,928,149,783 -18,028,210.00 -0.93%

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 0.00002894 0.32494834 116,252,597.82 37,776,089.12 68% -46.8% USDT 0.34222574 0.34 40,377,579.46 13,838,143.56 23.6% -41.9% ETH 0.00032359 0.32575129 12,421,087.08 4,046,185.08 7.3% 961.3% BNB 0.02239 0.32546527 1,904,775 619,938.16 1.1% -87.4% USD 0.327225 0.327225 1.62 0.5301 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, USD and Bridge.BTC

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 2,607,248,196 0.329 2,607,248,196 $858,330,927.13 0.018% BTS Stealth 287,458 0.329 287,458 $94,633.91 0.000% Reserve Pool 993,324,958 0.329 993,324,958 $327,012,032.63 -0.048% Accumulated fees 37,401 0.329 37,401 $12,312.77 -0.235% BitUSD 20,085,429 3.05 61,260,558 $20,167,559.04 16.606% BitCNY 279,691,531 0.476 133,133,169 $43,828,706.58 40.309% BitEUR 284,542 3.73 1,061,342 $349,403.78 0.892% BitBTC 47.2 34,619 1,634,017 $537,933.89 18.794% BitGold 250.4 4,090 1,024,136 $337,155.32 68.717% BitSilver 22,400 52.6 1,178,240 $387,887.82 1.324% Ruble 16,083,750 0.0542 871,739 $286,984.86 25.165% HERO 2,483 502 1,246,466 $410,348.47 1.858%

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 btsabc 5497 303 bitshares-munich 5414 43 bituniverse 3628 900 compumatrix1 2566 0 digital-nomad 2360 82 sdr 2352 -22 jianjolly-0 1743 0 cryptofresh 1551 262 magicw 1461 349 stormheart 1146 0 bcp2017 1138 285 estefantt 973 273 xeroc 912 1

Vote Proxies

This section will track the change in proxy voting

Account Opinions Followers Weight (M) Weight Change (M) bitcrab 66 79 243 -6.6 xeroc 39 218 209.4 -25.3 openledger 38 7986 80.7 -84.6 still 81 219 61.7 -43 bitshareseurope 0 446 41.9 1.8 michaelx 3 6 33.8 23.8 fav 29 148 32.6 1.2 blckchnd 28 1352 30 5 baozi 30 63 21.3 -8.4 abit 48 437 20.2 1.6

Committee Members

This section will track shareholder approval of committee members

Account Votes (M) Votes Change (M) bitcrab 798.3 -191.4 abit 780.4 -192.4 xeroc 724.9 -129.2 witness.still 719.5 -186.3 bhuz 668.1 -128.8 clayop 641.4 -134.9 bunkerchainlabs-com 603.1 -83.4 openledgerdc 540.9 -117.7 ebit 420.7 -67.5 chris4210 415.4 -68.1 fav 408.4 -94.7

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 1.6.35 820.8 712 1 2 bhuz 1.6.17 760 1578 1 3 roelandp 1.6.74 746 32 2 4 witness.yao 1.6.71 740.1 3562 5 5 witness.still 1.6.69 728.1 9196 6 6 xn-delegate 1.6.59 717.2 2831 10 7 delegate-1.lafona 1.6.28 676.1 4399 3 8 xeldal 1.6.22 663.2 2264 6 9 delegate-zhaomu 1.6.98 656.4 8 8 10 rnglab 1.6.45 624.5 2089 9 11 abc123 1.6.65 603.1 1279 5 12 crazybit 1.6.84 591.3 469 10 13 elmato 1.6.20 585.6 4294 11 14 openledger-dc 1.6.76 583.2 631 18 15 xman 1.6.64 570.9 1656 14 16 delegate.freedom 1.6.63 517.8 4867 6 17 verbaltech2 1.6.34 467 3857 9 18 blckchnd 1.6.75 459.7 933 12 19 delegate.ihashfury 1.6.26 458.5 869 20 fox 1.6.16 453.6 3614 5 21 sahkan-bitshares 1.6.73 441.8 1196 256 22 delegate.taolje 1.6.38 400 4764 414 23 billbutler-witness 1.6.92 392.6 382 304 24 mr.agsexplorer 1.6.24 380.7 7657 25 delegate-clayop 1.6.27 364.2 5200

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 230,001,204 0 - 0.00% 2 binance-cold-1 114,787,664 0 20,666,888.00 21.96% 3 poloniexwallet 81,770,932 0 -1,304,273.00 -1.57% 4 zbbts 77,223,142 0 16,176,772.00 26.50% 5 bitcc-bts-cold 51,427,919 0 -12,833,422.00 -19.97% 6 binance-bts-1 34,298,969 0 1,471,006.00 4.48% 7 bittrex-deposit 25,859,238 0 -7,446,822.00 -22.36% 8 delta-lion 22,594,088 0 22,188,588.00 5471.91% 9 gamma-rabbit 22,582,037 0 13,811,063.00 157.46% 10 btschbtc 17,000,984 0 -1,000,002.00 -5.56% 11 binance-bitshares-gvbdb84k6h 15,097,372 0 1,468,613.00 10.78% 12 jubi-bts 14,591,906 0 - 0.00% 13 ranchorelaxo2017 14,218,370 0 9,995,097.00 236.67% 14 echocold1 12,847,656 0 - 0.00% 15 alexna64 12,143,695 0 - 0.00% 16 yun-bts 11,988,875 0 -3,506,335.00 -22.63% 17 abit 11,471,433 0 7,618,152.00 197.71% 18 evan 10,659,692 0 - 0.00% 19 a2dcdf323a8a576408f62604b17a8a52 10,122,739 0 -1,863,095.00 -15.54% 20 getch-bts 9,533,359 0 - 0.00% 21 graphene2015 9,193,781 0 - 0.00% 22 ibilitlan-scoltock 8,673,958 0 - 0.00% 23 roje 8,040,409 0 -810,010.00 -9.15% 24 cievia-waugaman 7,990,214 0 - 0.00% 25 invictus 7,494,364 0 - 0.00% 26 jiny2 7,438,984 0 - 0.00% 27 haeassa-granovsky 7,431,931 0 - 0.00% 28 cass 6,737,585 0 -62,435.00 -0.92% 29 abinia-rivard 6,550,563 0 - 0.00% 30 keebler-kahn 6,500,770 0 - 0.00% 31 tyrone-shoelaces 6,498,541 0 - 0.00% 32 virtual-ventures 6,384,404 0 - 0.00% 33 zbsend 6,239,948 0 3,482,013.00 126.25% 34 fericia-brick 5,766,623 0 - 0.00% 35 btszhqxf 5,734,712 0 - 0.00% 36 onceuponatime 5,714,723 10000 -1,982,015.00 -25.75% 37 anonymous 5,685,557 0 -4,146,386.00 -42.17% 38 storj 5,547,726 0 - 0.00% 39 spring 5,482,704 0 - 0.00% 40 hnnr8 5,460,997 0 - 0.00% 41 cadord-ozois 5,423,173 0 - 0.00% 42 rit-capital-partners 5,328,946 0 5,243,995.00 6172.96% 43 xhunter 5,192,094 0 - 0.00% 44 jeraud-kanze 5,172,698 0 - 0.00% 45 btercom 5,050,208 0 4,050,208.00 405.02% 46 arbor4 5,008,537 0 - 0.00% 47 yoyow.team 5,000,049 0 - 0.00% 48 tsuratsura-3557 4,875,001 0 -125,000.00 -2.50% 49 linhan 4,825,094 0 -600,001.00 -11.06% 50 geravia-mackinnon 4,777,691 0 - 0.00% 51 bitcoinindonesia 4,452,508 0 112,454.00 2.59% 52 xgqing 4,351,903 0 - 0.00% 53 btsxzzh2 4,348,432 0 - 0.00% 54 aex-bts-deposit-wallet 4,107,099 0 3,107,099.00 310.71% 55 quonael-lievesley 4,087,235 0 - 0.00% 56 coldstorage1 4,000,000 0 - 0.00% 57 oh-bts 4,000,000 0 - 0.00% 58 super-bts 3,999,990 0 - 0.00% 59 slim 3,939,098 0 -4,556.00 -0.12% 60 wesley-waugaman 3,921,027 0 - 0.00% 61 bts-morning 3,877,170 0 -1,737,949.00 -30.95% 62 serg 3,867,349 0 - 0.00% 63 goodc0re 3,778,207 0 - 0.00% 64 mr-wang 3,490,673 1250005 1,315,700.00 60.49% 65 laplap5 3,341,271 0 - 0.00% 66 demo.btsbots 3,203,734 97429 2,203,734.00 220.37% 67 bafohald-degeorge 3,189,866 0 - 0.00% 68 bilbo-baggins 3,151,030 0 - 0.00% 69 lao-wallet 3,140,242 0 - 0.00% 70 jaehyuk 3,127,053 0 -100,000.00 -3.10% 71 leon0201 3,076,442 0 1,461,283.00 90.47% 72 livecoin-net 3,017,549 0 -666,125.00 -18.08% 73 null-account 3,011,947 0 - 0.00% 74 cny123 3,002,354 0 1,810,535.00 151.91% 75 mcxcwbts 3,000,686 0 - 0.00% 76 bts1492 3,000,006 0 - 0.00% 77 billion-hero-prize 3,000,000 0 - 0.00% 78 jackkang 2,860,941 0 -21,999.00 -0.76% 79 koocaa 2,781,355 0 - 0.00% 80 abc.btsbots 2,776,261 0 526,225.00 23.39% 81 tong-xin 2,772,166 0 - 0.00% 82 bunkerchainlabs-com 2,764,728 0 98.00 0.00% 83 roland.sun 2,733,575 0 - 0.00% 84 coinegg-main 2,635,255 0 -4,549,849.00 -63.32% 85 hardfork2 2,545,413 0 - 0.00% 86 chainsquad 2,528,014 0 - 0.00% 87 hodor 2,509,880 0 - 0.00% 88 dark-angel 2,505,777 0 - 0.00% 89 thread 2,504,935 0 - 0.00% 90 sk 2,500,009 0 - 0.00% 91 bitspark-deposit 2,483,328 0 -6.00 0.00% 92 makkiavelli1977 2,483,134 0 1,483,134.00 148.31% 93 scottmclane 2,467,116 710000 -710,000.00 -22.35% 94 wackou 2,416,743 0 299,994.00 14.17% 95 asdbii-bts 2,361,998 0 84,999.00 3.73% 96 seer 2,314,795 0 620,647.00 36.63% 97 spook 2,296,849 0 - 0.00% 98 poloniex 2,256,950 0 9,230.00 0.41% 99 nana-roseannadana 2,209,986 0 - 0.00% 100 yvg1900 2,201,037 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! :)

New to Bitshares? Need an Account?

Please support my efforts by using the banner below to create your account.



Best part is at anytime in the future If you decide to buy an LTM (Lifetime membership - which gives you an 80% reduction in fees and other premium features) i will rebate 10% of your membership costs in BTS.