

Welcome to the 32nd 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 - 25th April 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.

Another week and BitUSD is still worth $1 - either via the open market or settlement of the underlying contact.

Smartcoin issuance and market cap on the internal network continues to rise this week with the main Smartcoins (BitUSD, BitCNY, BitEUR, BitBTC, BitGold and BitSilver) reaching a market cap over 1.4 Million USD this week. As mentioned previously this is very promising sign of growth as the issuance of these assets is backed by a minimum of 175% in Bitshares core token BTS. By my calculations the value backing these assets at the moment is greater than 5 Million USD worth of Bitshares; these Bitshares are locked to the network via a smart contract allowing these smartcoins to maintain their face value without any counter party risk!.

$bkt (BitKapital) has released their new website including live market prices linking to the live Bitshares market (looks awesome!). They have also relocated operations from Cyprus to Turkey to pave the way for opportunities offered by Turkish banks. The team is continuing their effort in improving the back end tech to provided enhanced services to their customers and are even running webinars to help new users get up to speed. Check out the new website HERE

@estefantt has published the latest compilation of the Bit20 index fund. Bit20 is an asset that tracks the value of the top 20 cryptocurrencies weighted by their market capitalization; if your bullish on crypto in general but find it hard to keep up with the latest flavour of the month you might want to learn more about Bit20. i have included a picture below this section; but you can see the full breakdown HERE

@xeroc has released a new version of Uptick (v. 0.1.3) - Uptick is a python based toolkit that provides an easy to use command line interface to the Bitshares network even exposing some advanced features that are not available within the GUI. Uptick is similar to the popular Steemit tool 'Piston'. Check out his latest update HERE

@xeroc has released a new version of Python-Bitshares(v. 0.1.5) - Python-Bitshares is a python based library for interacting with the Bitshares network, it is a core component of Uptick but can be used by any developer as a basis for easy integration of their latest project. Check out the latest update HERE

@kencode has mentioned this week that one of the developers from the Bitshares-Munich team has started working on the Trezor code previously made public by @xeroc. Looking forward to seeing this progress.

@lafona has created a new witness tracker. This web based tool provides a visual overview of witness performance in relation to price feed data and block production. You can view his original post HERE and visit the 'Witness Stats' page HERE

Bitshares user bitcrab has started a exclusive WeChat channel called 'BTS Whales', entry to the chat room required verification and the entry requirement is 10 Million BTS (collateral and market orders included) . The members of this channel are aiming to drive adoption and innovation working with investors and large corporation in efforts to expand the Bitshares ecosystem. You can see the original post and details on how to join HERE

Taconator has created and published a 'fee report' showing the fees collected by the Bitshares network since October 2015 to March 2017 with a staggering 47,106,798 BTS in total. This very interesting report shows that 48% of fees are collected via Asset Creation, 26% from Account Upgrades (LTM) and 17% from Account Creations; these are only the top 3 and the report goes into a lot more detail. View his original post and summary HERE or find the full report HERE

Peerplays have launched their new website and crowdfunding model; The website looks great and includes a visual representation of the benefits for PPY holders and a graphical road map of the past achievements and future milestones; including the launch of main-net, 'Bookie' sports betting interface, Peerplays Eight, Predication markets and heaps more. The upgraded crowd funding method allows investors to send BTS, BTC, ETH, Dash, LTC, Smartcoins, Steem and others, without having to worry about private keys (during the crowd-sale they generate keys for you, just download your key-pair and keep them safe till the launch). Be sure to check out the new website and crowdfund HERE, you can also listen to updates from the Peerplays team every week on the Beyond Bitcoin Show - Reminder that the crowd-sale is only open for a few more weeks so if you want to get involved make sure you secure your portion of the network before it's to late.

@jonnybitcoin has started a forum poll regarding witness pay which was doubled right before a run up in price. The post titled "Each witness is getting paid $1200+ because of the price rise." is on the bitsharestalk forum and has a poll that allows the community to vote on the reward they believe is fair. See the post and give your input on the subject HERE

@roelandp has been elected as one of the trusted witnesses on the Bitshares network and has started signing blocks and publishing price feeds - Congrats to Roeland . First day on the job he has created a set of open source scripts to monitor the performance of his witness and publish any alerts via telegram. Check out the details HERE

@embermine-drake has announced they have ended the ICO due to technical issues with the ICO portal and will relaunch their ICO for the Embermine platform soon'. View the official statement and keep up with the latest news for the Embermine project HERE

@xeroc has published a Bitshares paper wallet generator which has been hosted on Bitshares.eu, this tool will generate active, owner and memo keys based off an accountname and password. The account name does not need to be registered and the tool will not register the account on your behalf, the account name is only used in conjunction with the password to generate the keys which can be used for offline storage and then brought online when required. Check out the tool HERE

@virtualgrowth is doing a weekly market update and token giveaway; Check out his post and vote on your favorite asset HERE, if you leave your Bitshares username in the comment you may even be one of the lucky recipients of the token giveaway.

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

This weeks Beyond Bitcoin hangout recording has been published. This week had talks from @peerplays @virtualgrowth @steemrollin and @williambanks you can find more details and last weeks recording HERE

Current registered wallets/accounts within the Bitshares network is 165701; an increase of 2014 wallets/accounts since last week

The last asset registered this week is asset #1354 and it is named 'AGENT' registered by 'l-in' with the description 'Intermediaries can agent a variety of assets'.

Other interesting assets that poped up this week: QORA, STEEP, EVETAB (evetab.com) and EBAXX

@stan dropped the following picture in the telegram chat this week and this vague comment: 'Lets just say that it would not be true to claim that BitShares has no marketing..."'

Smartcoin growth from that start of 2017

Bit20 Compulation and growth vs USD

Transactions Per DAY - Comparison of Bitshares and Ethereum

New Artwork found on BitKapital's new website

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 2,597,259,087 1,288,613.00 0.05% BTS Stealth 266,871 - 0.00% BTS in Open Orders (DEX) 17,719,533.64 1,342,714.19 8.20% Reserve Pool 1,003,319,555 -1,288,613.00 -0.13% RP Accumulated fees 13,132 -305.00 -2.27% Collateral (top 250) backing Smartcoins 405076975 -7,901,219.00 -1.91% Top 100 Total 1,346,200,551 -417,488.03 -0.03% Top 100 - minus Exchanges 527,370,735 11,556,273.43 2.24% Exchanges 818,829,816 -11,973,761.46 -1.44% Non Exchanges 1,778,429,271 13,262,374.46 0.75%

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 0.00 0.01 77,182,138.53 $1,032,700.03 67.9% 52.0% CNY 0.09252816 0.01 36,452,727.23 $489,897.09 32.1% 75.5% USD 0.0133156 0.01 7,352.28 $97.90 0.7% 55.1% EUR 0.05 0.05 0 $- 0.0% WAVES 0.023 0.00910599 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 BTS, CNY 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 2,597,259,087 0.01339903 2,597,259,087 $34,800,752.42 0.0496% BTS Stealth 266,871 0.01339903 266,871 $3,575.81 0.00% Reserve Pool 1,003,319,555 0.01339903 1,003,319,555 $13,443,508.82 -0.1283% Accumulated fees 13,132 0.01339903 13,132 $175.96 -2.27% BitUSD 620,727 74 45,933,798 $615,468.34 5.47% BitCNY 4,414,888 10.8 47,680,790 $638,876.34 24.80% BitEUR 53,367 80.3 4,285,370 $57,419.80 134.55% BitBTC 45.8 92,700 4,245,660 $56,887.73 10.90% BitGold 12.16 94,069 1,143,879 $15,326.87 6.29% BitSilver 2,467 1,313 3,239,171 $43,401.75 12.34%

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 2581 55 compumatrix1 2119 59 jianjolly-0 1743 0 btsabc 542 18 openledger 514 0 fav 355 2 cryptofresh 338 5 gn1 243 1 ccm2015 229 2 cryptocurrency3 193 6 by24seven 183 6 sdr 181 7 xiangxn 166 13

Vote Proxies

This section will track the change in proxy voting

Account Opinions Followers Weight (M) Weight Change (M) xeroc 35 170 256.5 3.2 bitcrab 62 26 195.2 4.5 baozi 21 64 74.6 -2.8 laomao 35 3 51.5 -3.6 bitshares-munich-wallet 7 13 30.4 0 jonnybitcoin 35 20 16.7 2.1 yao 27 33 12.1 -1.2 abit 42 237 12 0 fav 14 39 11.2 0.1 bytemaster 38 39 9.1 -1.4

Committee Members

This section will track shareholder approval of committee members

Account Votes (M) Votes Change (M) bitcrab 761.2 0 abit 727.8 0 chris4210 720.8 0 bhuz 690.2 0 clayop 633.9 0 xeroc 626.2 0 bunkerchainlabs-com 547.8 0 ebit 428.5 0 openledgerdc 346.2 0 fav 323.2 0 harvey-xts 307.6 0

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 1.6.35 763.7 133 2 delegate.baozi 1.6.37 751.9 1019 3 bhuz 1.6.17 751.9 1093 4 wackou 1.6.18 740.8 1271 5 fox 1.6.16 729 2896 3 6 witness.yao 1.6.71 726.9 2137 1 7 verbaltech2 1.6.34 725.6 1198 1 8 xman 1.6.64 721.4 1140 6 9 jerryliu 1.6.72 718.2 2748 10 rnglab 1.6.45 717.6 1276 1 11 xn-delegate 1.6.59 695.2 2286 12 witness.still 1.6.69 651.5 8325 52 13 xeldal 1.6.22 598.9 1041 121 14 roelandp 1.6.74 597.8 0 15 abc123 1.6.65 576.9 841 1 16 sahkan-bitshares 1.6.73 563.2 152 17 datasecuritynode 1.6.49 554.6 5546 18 delegate.freedom 1.6.63 444.2 3571 1 19 harvey-xts 1.6.23 429 5105 153 20 delegate.ihashfury 1.6.26 424.3 868 2 21 delegate-clayop 1.6.27 372.4 3350 22 spartako 1.6.15 361.6 968 23 elmato 1.6.20 344.9 3006 24 mr.agsexplorer 1.6.24 337.5 824 25 openledger-dc 1.6.76 325.7 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 poloniexcoldstorage 290001202.9 0 - 0.00% 2 bitcc-bts-cold 226419023.1 0 -10,000,002.77 -4.23% 3 poloniexwallet 179956568.2 0 -4,083,634.94 -2.22% 4 bittrex-deposit 37716233.92 0 -644,384.50 -1.68% 5 yunbi-cold-wallet 35003434.68 0 - 0.00% 6 stan 20618873.65 0 - 0.00% 7 yun-bts 16859480.87 0 -3,278,769.18 -16.28% 8 alohacs 16855553.92 0 - 0.00% 9 aboy 15603070.62 0 12,156,276.70 352.68% 10 btercom 13049112.07 0 - 0.00% 11 evan 12118147.13 0 - 0.00% 12 cass 11440165.64 0 - 0.00% 13 abit 11338201.91 50000 659,872.13 6.18% 14 mcxcwbts 10818456.84 0 - 0.00% 15 crypto-maniac 10613396.97 0 - 0.00% 16 hnnr8 10471001.86 0 - 0.00% 17 bitshares-munich-wallet 10438565.01 0 9,474,790.15 983.09% 18 invictus 9815144.343 0 - 0.00% 19 bitcc-bts-withdrawal 9781600.682 0 3,128,158.48 47.02% 20 virtual-ventures 9318078.011 0 - 0.00% 21 jiny2 9263640.165 0 500.00 0.01% 22 jonnybitcoin 8999998.12 0 -1.73 0.00% 23 tsuratsura-3557 8936513.642 0 115,758.07 1.31% 24 roje 8850429.578 0 - 0.00% 25 ibilitlan-scoltock 8673958.411 0 - 0.00% 26 coldstorage1 8300001 0 - 0.00% 27 comp6 8144303.712 0 - 0.00% 28 cievia-waugaman 7990213.251 0 - 0.00% 29 bc-godpay 7563436.058 0 - 0.00% 30 graphene2015 7492758.488 0 7,021.54 0.09% 31 haeassa-granovsky 7431931.353 0 - 0.00% 32 tomotomo 7016825.01 0 - 0.00% 33 bitcc-bts 6648845.022 0 4,524,083.74 212.92% 34 prebuffo1970 6599658.279 0 6,399,658.28 3199.83% 35 abinia-rivard 6550562.954 0 - 0.00% 36 keebler-kahn 6202386.529 0 - 0.00% 37 ubris 5900000.049 0 - 0.00% 38 alexna64 5869988.939 0 - 0.00% 39 pay.xeroc 5785155.848 0 394,781.71 7.32% 40 dev.bitsharesblocks 5776916.435 679522.0174 -9.44 0.00% 41 fericia-brick 5766622.727 0 - 0.00% 42 btszhqxf 5734711.5 0 - 0.00% 43 onceuponatime 5629041.387 0 35,545.78 0.64% 44 miso69 5478228.737 0 - 0.00% 45 linhan 5425094.721 0 - 0.00% 46 cadord-ozois 5423173.409 0 - 0.00% 47 spring 5376984.066 0 60,698.59 1.14% 48 bts-morning 5372840.009 0 - 0.00% 49 bristolbay 5325003.672 0 - 0.00% 50 gamma-rabbit 5273446.23 0 2,552,836.63 93.83% 51 xhunter 5233238.27 0 - 0.00% 52 jeraud-kanze 5172698.487 0 - 0.00% 53 laow 5057708.821 0 - 0.00% 54 ccedk.escrow2 5030292.76 0 - 0.00% 55 geravia-mackinnon 4777690.635 0 - 0.00% 56 mybak 4709247.334 0 - 0.00% 57 goodc0re 4631838.897 0 - 0.00% 58 satoshi-pie 4622791.181 0 - 0.00% 59 blocktrades 4592832.567 6677.33872 -2,545,455.52 -35.66% 60 synergy3 4575900.39 0 558,764.14 13.91% 61 bts88 4527498.864 0 - 0.00% 62 tyrone-shoelaces 4461958.809 0 1,228,896.68 38.01% 63 impseu1 4432046.44 0 - 0.00% 64 multisig-worker-2017-01 4356519.527 0 2,483,855.05 132.64% 65 btsxzzh2 4348432.46 0 - 0.00% 66 slim 4153504.029 0 - 0.00% 67 ironbank 4144946.098 8000 -2,000,005.55 -32.55% 68 quonael-lievesley 4087235.19 0 - 0.00% 69 tkoba99 4034034.173 1558.846 -11.15 0.00% 70 elendasa-benjamin 3925769.873 0 - 0.00% 71 wesley-waugaman 3921027.341 0 - 0.00% 72 lzr1900 3900004.974 0 -100,078.44 -2.50% 73 hermes3 3832194.901 0 - 0.00% 74 jaehyuk 3627054.385 0 - 0.00% 75 smartass 3569171.707 0 - 0.00% 76 laplap5 3493800.179 0 - 0.00% 77 bitcoinindonesia 3485703.189 0 -31,697.51 -0.90% 78 mike-primorac 3479329.453 0 - 0.00% 79 koocaa 3453196.418 0 - 0.00% 80 nethyb 3442787.375 0 - 0.00% 81 bterdeposit 3394314.51 0 435,757.05 14.73% 82 ddd888 3265039.172 0 2,307,118.96 240.85% 83 scottmclane 3251127.476 0 - 0.00% 84 bafohald-degeorge 3189865.947 0 - 0.00% 85 wind-flower 3174191.323 0 - 0.00% 86 mcxcw 3104014.866 0 -289,677.98 -8.54% 87 null-account 3011944.766 0 - 0.00% 88 anonym7 2972988.998 0 - 0.00% 89 profoot 2949982.108 0 - 0.00% 90 ptschina 2889985.24 0 - 0.00% 91 chryspano 2840887.187 0 - 0.00% 92 ccddd 2800000 0 - 0.00% 93 code 2772336.524 2000000 -5,192,910.11 -65.19% 94 mostar 2751784.383 0 - 0.00% 95 cnfund 2711671.036 171226.5292 -232,973.16 -7.91% 96 root 2652843.369 0 - 0.00% 97 douglasriese1994 2642911.206 0 - 0.00% 98 rand1 2586346.83 0 - 0.00% 99 bang-king 2570419.715 0 - 0.00% 100 dragongroup 2549459.689 0 - 0.00%

PROMO / BONUS Codes - Bonus 2% on investment

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Apptrade - Promocode: getapptrade

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

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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.