

Welcome to the 66th 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 - 20th December 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.

Massive week for Smartcoin market this week with huge increases to the circulating supply on a number of stablecoins. Overall Smartcoin markets have seen a 158% jump with a total USD value of 79 Million compared to 30 Million last week. BitCNY has seen an increase of 181% followed by Ruble with 144% and BitUSD with 113% growth W/W. All other smartcoin’s seen good growth and is best visualized in the ‘Smartcoin issuance chart’ below this section. An growing smartcoin ecosystem is an incredible good sign for the health of the Bitshares platform but this week has blown me away with its explosive move higher as Chinese exchanges look to serve citizens restricted by Chinas cryptocurrency/exchange laws which prevent the trade of fiat CNY to cryptocurrencies.

BigOne and KKCoin have both added BitCNY as a base pair against major markets this week. This is no doubt a trend that is being seen as Chinese exchanges look to server their customers with a stable base pair after the new Chinese regulations of Cryptocurrency exchanges. More information HERE

A new version of the Bitshares reference wallet was release this week (v2.0.171219). This new release has focused on deposit and withdrawal functionality but due time constraints during testing it has not been included in this release. This release has seen the introduction of a ‘News’ section that will publish items posted and resteemed by the @bitshares.fdn steem account as well as hierarchical top menu structure rather than presenting the large "cards". Full details of the new release can be found HERE

The Bitshares market cap has surpassed 1 Billion USD dollars this week and is tracking well toward 2 Billion. Currently sitting at 1.6 Billion USD.

This week has seen a 600%+ increase in trade volume across all pairs on traditional exchanges with 74% of trading volume coming from the BTC/BTS pair with a 24h value of 92 Million USD an increase of 694% from this time last week.

This week has seen an 11% increase in accounts holding BTS; that's 5625 new account (which have a positive BTS balance) in the last 7 days, this time frame has also shown 26105. This is all BTS being held in Bitshares wallets (not on Exchanges)

Bitshares featured on ZeroHedge article this week with new banking partnership with AriseBank. More info HERE

@Stan Larimer has done an interview with the 'Bad Crypto Podcast'. Listen to the recording HERE

The Bitshares foundation has released a report relating to the Bittrex discussions as well as other regulatory issues. Read the comprehensive report 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

Current registered wallets/accounts within the Bitshares network is 526654; an increase of 26105 wallets/accounts since last week

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

The last asset registered this week is asset #2638 and it is named ' IBATC’ registered by ‘ibatcoin1st' with the description ‘IBATC, known as IBATcoin, is a digital currency launched by the "international block chain asset trading platform" IBATcoin for incentives, voting, block chain investment, and so on.Registered in the international financial services center, the Republic of Seychelles in the Commonwealth, The members of the service are all over the world, and they will set up offices in various places. https://www.ibatcoin.com'.

Smartcoin issuance chart showing weekly change since the start of 2017

# of Accounts holding BTS (only have a few weeks of data so far)

New hierarchical top menu in the Bitshares reference wallet v2.0.171219

News section in the Bitshares reference wallet v2.0.171219

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 2,605,639,586 1,054,397.00 0.04% BTS Stealth 287,465 -67.00 -0.02% BTS in Open Orders (DEX - T250) 3862293.83 -2,143,578.00 -35.69% Reserve Pool 994,936,172 -1,054,396.00 -0.11% RP Accumulated fees 37,401 -22,326.00 -37.38% Collateral (top 250) backing Smartcoins 476901861 -5,230,157.00 -1.08% Top 100 Total 1,110,849,665 6,355,534.00 0.58% Top 100 - minus Exchanges 458,112,844 12,800,526.00 2.87% Exchanges 652,736,821 -6,444,992.00 -0.98% Non Exchanges 1,952,902,765 7,499,389.00 0.39%

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 0.00003808 0.64153758 144,314,014.94 92,582,864.03 74% 694.4% USDT 0.6854 0.68 36,350,236.00 24,899,070.82 18.6% 760.4% ETH 0.00077811 0.64320786 13,258,640.65 8,528,061.88 6.8% 1241.3% BNB 0.12078 0.66614194 1,254,502 835,676.50 0.6% 2316.4%

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 Open.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 2,605,639,586 0.650 2,605,639,586 $1,693,403,629.61 0.040% BTS Stealth 287,465 0.650 287,465 $186,823.33 -0.023% Reserve Pool 994,936,172 0.650 994,936,172 $646,608,431.17 -0.106% Accumulated fees 37,401 0.650 37,401 $24,306.89 -37.380% BitUSD 22,138,564 1.598 35,377,425 $22,138,564.00 113.894% BitCNY 347,467,023 0.2434 84,573,473 $54,964,250.46 181.126% BitEUR 115,332 1.904 219,592 $142,712.79 17.466% BitBTC 44.6 27,137 1,210,310 $786,579.88 -3.879% BitGold 93.3 2,028 189,212 $122,969.03 12.681% BitSilver 18,709 25.84 483,441 $314,187.73 60.716% Ruble 11,854,486 0.0268 317,700 $206,473.19 144.972% HERO 2,659 256 680,704 $442,389.13 59.796%

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 5363 16 btsabc 5036 162 compumatrix1 2564 37 bituniverse 2523 424 sdr 2349 5 digital-nomad 2261 24 jianjolly-0 1743 0 cryptofresh 1232 92 stormheart 1146 0 magicw 1010 50 xeroc 911 0 ebit 842 19 fav 780 15

Vote Proxies

This section will track the change in proxy voting

Account Opinions Followers Weight (M) Weight Change (M) xeroc 39 219 250.3 15.7 bitcrab 68 75 241.9 7.9 openledger 36 6021 161.6 59.7 still 23 218 110.3 13.3 bitshareseurope 0 423 40 25 fav 25 146 32 -10.3 baozi 30 66 28.9 -15 blckchnd 27 896 25 0.3 laomao 35 4 18.2 -2.7 abit 47 455 17.9 2.3

Committee Members

This section will track shareholder approval of committee members

Account Votes (M) Votes Change (M) bitcrab 989.7 95.9 abit 972.8 113.5 witness.still 905.8 97.4 xeroc 854.1 88.8 bhuz 796.9 96.8 clayop 776.3 100.3 bunkerchainlabs-com 686.5 5.5 openledgerdc 658.6 84.2 fav 503.1 76.9 ebit 488.2 15.4 chris4210 483.5 11.7

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 1011 710 1 2 openledger-dc 1.6.76 973.2 612 3 witness.yao 1.6.71 936.3 3557 1 4 witness.still 1.6.69 924.4 9189 2 5 xn-delegate 1.6.59 909.9 2821 3 6 bhuz 1.6.17 892.5 1576 1 7 roelandp 1.6.74 860.8 30 1 8 blckchnd 1.6.75 856.4 918 9 sahkan-bitshares 1.6.73 839.3 896 2 10 delegate-1.lafona 1.6.28 806.9 4396 7 11 abc123 1.6.65 715.7 1274 12 crazybit 1.6.84 695.2 456 1 13 rnglab 1.6.45 672.5 2077 4 14 delegate.freedom 1.6.63 639.4 4861 15 verbaltech2 1.6.34 635.6 3847 16 16 xeldal 1.6.22 633.3 2254 1 17 wackou 1.6.18 626.8 1853 5 18 fox 1.6.16 598.9 3609 1 19 xman 1.6.64 524.1 1642 1 20 roadscape 1.6.13 504.3 1465 21 billbutler-witness 1.6.92 487.8 77 22 delegate.ihashfury 1.6.26 430 869 23 elmato 1.6.20 397.6 4269 24 mr.agsexplorer 1.6.24 369.1 7604 116 25 cyrano 1.6.21 340.1 3539

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 94,120,776 0 30,111,888.00 47.04% 3 poloniexwallet 90,453,377 0 -45,612,055.00 -33.52% 4 bitcc-bts-cold 68,042,344 0 -9,000,002.00 -11.68% 5 zbbts 49,363,170 0 5,075,813.00 11.46% 6 bittrex-deposit 36,641,373 0 -10,185,947.00 -21.75% 7 binance-bts-1 33,434,209 0 25,884,898.00 342.88% 8 delta-lion 27,658,076 0 27,658,067.39 321231909.29% 9 yun-bts 18,087,486 0 -2,719,587.00 -13.07% 10 btschbtc 18,000,986 0 - 0.00% 11 jubi-bts 14,591,896 0 - 0.00% 12 echocold1 12,847,656 0 - 0.00% 13 a2dcdf323a8a576408f62604b17a8a52 12,438,714 0 -5,292,954.00 -29.85% 14 alexna64 12,143,695 0 - 0.00% 15 evan 10,659,692 0 - 0.00% 16 anonymous 10,478,120 5250 8,551,974.00 443.99% 17 getch-bts 9,533,359 0 - 0.00% 18 binance-bitshares-gvbdb84k6h 9,475,561 0 4,741,762.00 100.17% 19 coinegg-main 9,321,834 0 113,460.00 1.23% 20 roje 8,850,419 0 - 0.00% 21 ibilitlan-scoltock 8,673,958 0 - 0.00% 22 cievia-waugaman 7,990,214 0 1.00 0.00% 23 graphene2015 7,744,451 0 - 0.00% 24 invictus 7,494,364 0 - 0.00% 25 jiny2 7,438,984 0 - 0.00% 26 haeassa-granovsky 7,431,931 0 - 0.00% 27 onceuponatime 7,253,082 52000 2,254,134.00 45.09% 28 virtual-ventures 6,831,423 0 -2,486,655.00 -26.69% 29 cass 6,800,020 0 - 0.00% 30 abinia-rivard 6,550,563 0 - 0.00% 31 keebler-kahn 6,500,770 0 - 0.00% 32 tyrone-shoelaces 6,498,541 0 - 0.00% 33 stat-dude 6,081,678 111383 2,768,886.00 83.58% 34 zbsend 5,805,721 0 305,568.00 5.56% 35 fericia-brick 5,766,623 0 - 0.00% 36 btszhqxf 5,734,712 0 - 0.00% 37 storj 5,547,726 0 - 0.00% 38 spring 5,482,704 0 - 0.00% 39 hnnr8 5,460,997 0 - 0.00% 40 linhan 5,425,095 0 - 0.00% 41 cadord-ozois 5,423,173 0 - 0.00% 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 yoyow.team 5,000,049 0 -579,000.00 -10.38% 47 tsuratsura-3557 5,000,001 0 -667,771.00 -11.78% 48 bitcoinindonesia 4,836,154 0 -1,684,649.00 -25.83% 49 geravia-mackinnon 4,777,691 0 - 0.00% 50 xgqing 4,351,903 0 - 0.00% 51 btsxzzh2 4,348,432 0 - 0.00% 52 bts-morning 4,344,548 0 10,453.00 0.24% 53 ranchorelaxo2017 4,223,273 0 3,223,273.00 322.33% 54 quonael-lievesley 4,087,235 0 - 0.00% 55 gamma-rabbit 4,000,081 0 4,000,000.20 4950495.30% 56 coldstorage1 4,000,000 0 - 0.00% 57 oh-bts 4,000,000 0 -1.00 0.00% 58 super-bts 3,999,990 0 - 0.00% 59 slim 3,943,654 0 -2,900.00 -0.07% 60 wesley-waugaman 3,921,027 0 - 0.00% 61 livecoin-net 3,869,882 0 113,494.00 3.02% 62 serg 3,867,349 0 - 0.00% 63 goodc0re 3,778,207 0 - 0.00% 64 ld636433 3,500,000 0 -1,894,229.00 -35.12% 65 laplap5 3,341,271 0 - 0.00% 66 jaehyuk 3,227,053 0 - 0.00% 67 bafohald-degeorge 3,189,866 0 - 0.00% 68 scottmclane 3,177,116 0 - 0.00% 69 bilbo-baggins 3,151,030 0 - 0.00% 70 lao-wallet 3,140,242 0 - 0.00% 71 null-account 3,011,947 0 - 0.00% 72 swipetoken888 3,000,006 0 - 0.00% 73 billion-hero-prize 3,000,000 0 - 0.00% 74 jackkang 2,982,938 0 -500,000.00 -14.36% 75 tel-911 2,909,136 0 - 0.00% 76 exx-btssend 2,873,805 0 1,873,805.00 187.38% 77 kryptobeast07 2,849,780 0 - 0.00% 78 koocaa 2,781,355 0 - 0.00% 79 tong-xin 2,772,166 60000 2,772,001.00 1680000.61% 80 bunkerchainlabs-com 2,764,630 0 1,259,748.00 83.71% 81 abc.btsbots 2,750,037 25000 -3,325,003.00 -54.73% 82 roland.sun 2,733,575 0 - 0.00% 83 random123 2,700,607 0 - 0.00% 84 bitspark-deposit 2,657,068 19729 -749,368.00 -22.00% 85 hardfork2 2,545,413 0 - 0.00% 86 chainsquad 2,528,014 0 - 0.00% 87 thread 2,513,484 0 - 0.00% 88 hodor 2,509,880 0 - 0.00% 89 dark-angel 2,505,777 0 - 0.00% 90 sk 2,500,009 0 - 0.00% 91 dev.bitsharesblocks 2,416,712 0 - 0.00% 92 spook 2,296,849 0 - 0.00% 93 asdbii-bts 2,276,999 0 1,276,999.00 127.70% 94 poloniex 2,246,395 0 6,510.00 0.29% 95 nana-roseannadana 2,209,986 0 - 0.00% 96 yvg1900 2,201,037 0 - 0.00% 97 kedaliwin-tefft 2,192,433 0 - 0.00% 98 wayne-btsx 2,190,912 0 - 0.00% 99 vikramatres.. 2,162,543 0 - 0.00% 100 talos 2,161,539 0 - 0.00%

Thanks for viewing :)

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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.

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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.