

Welcome to the 70th 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.

BTS being used as collateral for the smartcoin economy has increased by 13.5% this week which brings the total BTS being locked by the network to back smartcoins to a record high of 19.7%.

This week has seen a 55.8% increase in Open orders on the Bitshares DEX!. This week also shows a 24 hour volume of over 40 Million USD and last week’s record setting 170 Million USD 24 hour volume is suggesting the liquidity is increasing as adoption grows and more people seek a more transparent and open means of exchange without restrictions that can be imposed on centralized entities.

Congratulations to Alfredo Garcia (Bitshares core developer) who has had his new worker proposal approved by the Bitshares holders for a second term working as one of the Bitshares core developers!. Alfredo work ethic has been proven in the previous term and i personally (Bitshares in general as well i am sure) am very happy to see his work continue.

This week the "Sovereign Hero / Arise Bank Radio Show" hosted by Art Mobley interviewed Stan Larimer, Jared Rice and special Guest Evander Holyfield. You can finds Stan's announcement and links to the podcast HERE

PoloniEX is reporting issues with their Bitshares wallet again.. The Bitshares spokespersion has reached out to PoloniEX to offer support if they require assistance, they have also offered direct line of communication in case of any future issues. They are currently awaiting a response. It is worth mentioning that the network is healthy and running fine and all other exchanges and services running on the Bitshares network are functioning as expected. For more information see HERE

The BitShares Blockchain Foundation has announced they have started returning excess funds from the Bitshares escrow that has been used to pay worker proposals. They are releasing these funds back to the reserve pool in small chunks to prevent spikes in the weekly statistics. Operation 1.11.120681976 was the first batch 150,000 BTS being returned to the reserve pool. There is still a balance of 782,339.68910 BTS to be returned in futue batches. See the announcement HERE

@Stan Larimer has done a 1 hour appearance on the Bob Zadek's show discussing the basics of Bitcoin and Blockchains. Bob is big from Denver to the Left Coast and he was interested in introducing his audience to the generic concepts behind "The Bitcoin Industry". Check out all the details and links to the show HERE

@apasia.tech has introduced a WordPress WooCommerce Bitshares Gateway Plugin. This is still a work in progress project which @apasia.tech has been focusing on with some input from @stan and @michaelx. A few improvements/bugs have been identified by the developer who is giving an ETA of about 3 weeks to finish of the plugin. Please see the post HERE for full details and screenshots of the setup and interface.

@heiditravels has done a great write up and video on blockchain generations running through some 1st Gen blockchain such as Bitcoin and Litecoin, 2nd Gen such as Ethereum and NEO and 3rd Gen Such as Bitshares and Steem. She also discusses what EOS is proposing to add to the table. For full details please see her post HERE and see the video included below.

@fav has done a great post this week showing how to view current committee proposals and find out which committee members are voting for or against the proposal. See the full details HERE and make sure to consider the flexibility and power being displayed in the images (also posted below).

@richcg has expanded on the Bitshares Quick Reference Guide that Aaron/Crypto Fielder and Kevin Messerly/Kimchi King put together and have made it into a website. Be sure to check out this post HERE and direct new users to the Quick reference website www.is1.co/guide

OpenLedger has announced the termination of the BTSR project (HubDSP and Bitteaser). On February 1st 13:00 GMT the remaining BTSR that is held by Openledger will be burnt and following that burn OpenLedger will create a buy order on the Bitshares DEX to buy all remaining BTSR with OBITS (BTSR_OBITS). Price will be determined by the current market value of both BTSR and OBITS to give the users the same value in OBITS in return for their BTSR (at the time the order is placed). For more details please see btsr.io

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