

Welcome to the 79th 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 - 18th April 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.

The BitShares Blockchain Foundation (@bitshares.fdn) will receive the draft of the legal opinion letter from PaulHasting by the end of the week. There will still be some work to be done on the last details to finish the final version. Afterwards, it will be sent to the legal counsel of Bittrex. Once feedback has been provided, they will publish it on www.BitShares.legal. More info HERE

@Stan Larimer will be talking at Virginia Tech on April 19th. Dan Larimer graduated from Virginia Tech many years ago and recently did a talk featuring Delegated Proof of Stake blockchains such as Bitshares, Steem and EOS. Stan will revisit the fact that these blockchains spawned from Virginia Tech and then follow it up with seven of the top blockchain trends for 2018. You can find more information HERE

@Bitspark will be hosting the first Graphene focused meetup in Hong Kong on the 26th of April 2018. The first event will be an introduction for the meetup group and discussions of Graphene projects with follow up meetups set to be discussing specific projects in the Graphene ecosystem like DEXs (Bitshares), decentralised social networks (Steem) and future projects (EOS). Find out more information HERE

Trusty.Fund has announced a mobile investment wallet based on BitShares. The product is designed to be simple to use as a solution for new users or people who do not have the financial background for trading. Beta testing is available on mobile browsers http://trusty.fund and Android App, iOS coming soon. Trust.Fund has asked users to limit the amount of their portfolio to no more than 1% in the TRUSTY token during the testing phase. Trusty is fully open-source at Github they also have a Telegram Chat. More info HERE

Easydex this week announced their open beta launch of EasyDex.Net. EasyDex is a new company creating services and providing an interface for the Bitshares platform with the goal to provide transparent highly needed services to the crypto space. Easydex has created a password recovery option by giving the user the option to store an encrypted copy of their password with EasyDex during account creation. You can find more information HERE

This week HUOBI.PRO has listed Bitshares/USDT trading pair on their exchange following Bitshares/Bitcoin trading pairs added a few weeks ago.

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 875034; an increase of 17620 wallets/accounts since last week

Smartcoin issuance chart showing weekly change since the start of 2017

Number of accounts holding BTS (off exchanges)

Stan Larimer at Virginia Tech - 19/04/18 - source

Graphene meetup Hong Kong - hosted by Bitspark - 26/04/18 - source

Trusty.Fund - Investment Wallet - Open beta launch - source

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 2,616,843,030 5,439,184.00 0.21% BTS Stealth 287,797 13.00 0.00% BTS in Open Orders (DEX - T250) 7157210 -962,842.00 -11.86% Reserve Pool 983,730,124 -8,188,358.00 -0.83% RP Accumulated fees 37401 - 0.00% Collateral (top 250) backing Smartcoins 383680253 -17,748,829.00 -4.42% Top 100 Total 1,451,019,059 -11,123,159.59 -0.76% Top 100 - minus Exchanges 633,135,598 -42,325,400.59 -6.27% Exchanges 817,883,461 31,202,241.00 3.97% Non Exchanges 1,798,959,569 -25,763,057.00 -1.41% Exchanges 817,883,461 31,202,241.00 3.97%

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 0.00002667 0.21593481 31,825,433.35 6,872,219.00 57.3% 159.4% ETH 0.00041797 0.22 13,925,731.61 2,994,070.37 25.1% 393.9% USDT 0.21547725 0.2154063 9,202,485.50 1,982,273.39 16.6% -0.7% BNB 0.01817 0.21552657 383,992 82,760.58 0.7% 132.0%

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, Bridge.BTC and USD

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 2,616,843,030 0.216 564,210,591 $564,210,591.06 0.208% BTS Stealth 287,797 0.216 62,051 $62,051.15 0.005% Reserve Pool 983,730,124 0.216 212,099,445 $212,099,445.15 -0.550% Accumulated fees 37,401 0.216 8,064 $8,063.93 0.000% BitUSD 12,442,581 4.63 57,609,150 $12,420,956.17 -2.793% BitCNY 184,593,731 0.736 135,860,986 $29,292,627.16 12.458% BitEUR 122,438 5.72 700,345 $150,999.61 0.267% BitBTC 42 37,490 1,574,580 $339,491.02 0.000% BitGold 189.5 6,224 1,179,448 $254,297.66 0.000% BitSilver 21,782 77.4 1,685,927 $363,498.21 -0.124% Ruble 6,811,292 0.075 510,847 $110,142.35 104.472% HERO 1,162 752 873,824 $188,402.88 -8.863%

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 5940 97 bitshares-munich 5502 27 bituniverse 4792 256 compumatrix1 2580 4 digital-nomad 2498 2 sdr 2384 2 cryptofresh 1987 144 jianjolly-0 1743 0 magicw 1661 17 bcp2017 1198 8 by24seven 1195 129 estefantt 1158 34 stormheart 1146 0

Vote Proxies

This section will track the change in proxy voting

Account Opinions Followers Weight (M) Weight Change (M) xeroc 60 215 148.9 -1.3 openledger 56 9751 139.8 -4.1 bitcrab 89 109 136.2 -16.6 michaelx 58 121 78.4 -4.5 still 130 331 45 4.6 blckchnd 57 1582 40.1 -6.8 abit 71 753 26.6 0.1 fav 40 163 23.8 -3.8 laomao 35 4 10.9 1.4 baozi 27 58 10 -10.3

Committee Members

This section will track shareholder approval of committee members

Account Votes (M) Votes Change (M) bitcrab 742.2 15.6 abit 620.5 -49.3 bhuz 605.9 -56.4 clockwork 557.5 136.3 jademont 499.9 199.9 xeroc 477.5 -12.9 openledgerdc 454 -23.3 witness.still 438.4 -17.4 bunkerchainlabs-com 428.7 -20 ebit 421.2 -17.5 fav 398.9 -15.2

Active Witnesses

This section will track top 25 active witnesses and the changes in support

Rank Witness Votes Missed 1 in.abit 1.6.35 788.7 737 2 bhuz 1.6.17 755.1 1685 3 verbaltech2 1.6.34 754.9 4009 4 roelandp 1.6.74 753.7 69 5 abc123 1.6.65 742.4 1348 6 fox 1.6.16 741.3 4534 7 witness.still 1.6.69 732.1 9306 8 witness.yao 1.6.71 731.9 3601 9 xman 1.6.64 716.7 1733 10 delegate-1.lafona 1.6.28 716.6 4458 11 xn-delegate 1.6.59 715 2888 12 xeldal 1.6.22 712.9 2353 13 crazybit 1.6.84 674.3 604 14 delegate.freedom 1.6.63 646.8 4931 15 openledger-dc 1.6.76 643.3 699 16 delegate-zhaomu 1.6.98 643 661 17 magicwallet.witness 1.6.110 612 29 18 witness.hiblockchain 1.6.105 586.6 40 19 rnglab 1.6.45 582.4 2170 20 elmato 1.6.20 581.7 4391 21 sahkan-bitshares 1.6.73 573.7 1336 22 blckchnd 1.6.75 558.9 967 23 gdex-witness 1.6.120 528.3 10 24 winex.witness 1.6.101 508.3 637 25 clockwork 1.6.117 476.7 1

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 Total BTS Change W/W Change W/W % 1 poloniexwallet 245,488,503 -36,206,645.00 -12.85% 2 bitkkchubei002 161,192,406 -10.00 0.00% 3 bitcc-bts-cold 117,793,905 17,542,915.00 17.50% 4 binance-cold-1 114,787,664 - 0.00% 5 binance-bitshares-gvbdb84k6h 69,157,301 -3,867,481.00 -5.30% 6 gamma-rabbit 61,197,392 1,643,647.49 2.76% 7 alpha-dog 30,477,749 -630,140.00 -2.03% 8 gate-io-bts 30,237,664 11,849,477.00 64.44% 9 huobi-withdrawal 26,654,149 25,654,149.00 2565.41% 10 delta-lion 22,651,470 -28,434,839.01 -55.66% 11 ranchorelaxo2017 21,769,775 - 0.00% 12 abit 20,102,509 9,999.00 0.05% 13 bittrex-deposit 19,967,012 -3,158,351.00 -13.66% 14 stan 14,841,943 - 0.00% 15 jubi-bts 14,591,906 - 0.00% 16 a2dcdf323a8a576408f62604b17a8a52 14,406,459 2,069,176.00 16.77% 17 alexna64 12,143,695 - 0.00% 18 anonymous 11,212,516 - 0.00% 19 zbbts001 11,143,756 10,143,756.00 1014.38% 20 yun-bts 10,962,743 - 0.00% 21 evan 10,659,692 - 0.00% 22 brother-john 10,512,086 5,900,000.00 127.92% 23 enki 9,951,750 2,952,413.40 42.18% 24 bigday4sc 9,888,070 8,888,070.44 888.81% 25 getch-bts 9,535,172 - 0.00% 26 virtual-ventures 9,153,485 -0.45 0.00% 27 echocold1 9,097,651 - 0.00% 28 ibilitlan-scoltock 8,673,958 - 0.00% 29 bts-subscribe 8,236,757 -263,635.00 -3.10% 30 mr-wang 8,206,959 200,000.00 2.50% 31 graphene2015 8,180,650 -2,449,092.00 -23.04% 32 roje 8,040,409 - 0.00% 33 onceuponatime 8,019,809 -659,896.00 -7.60% 34 cievia-waugaman 7,990,214 - 0.00% 35 ld636433 7,950,009 -3,303,587.00 -29.36% 36 invictus 7,494,363 -1.00 0.00% 37 jiny2 7,438,984 - 0.00% 38 haeassa-granovsky 7,431,931 - 0.00% 39 btercom 7,050,208 - 0.00% 40 cass 6,737,585 - 0.00% 41 abinia-rivard 6,550,563 - 0.00% 42 keebler-kahn 6,500,770 - 0.00% 43 tyrone-shoelaces 6,498,541 - 0.00% 44 tsuratsura-3557 6,395,199 - 0.00% 45 bts-morning 6,152,575 291,936.00 4.98% 46 yoyow.team 6,000,003 -0.42 0.00% 47 bristolbay 5,800,011 -817.37 -0.01% 48 fericia-brick 5,766,623 - 0.00% 49 btszhqxf 5,734,712 - 0.00% 50 spring 5,560,779 - 0.00% 51 denkhaus 5,547,832 -343,450.00 -5.83% 52 hnnr8 5,460,998 - 0.00% 53 cadord-ozois 5,423,173 - 0.00% 54 storj 5,412,277 - 0.00% 55 xhunter 5,192,094 - 0.00% 56 jeraud-kanze 5,172,698 - 0.00% 57 committee-cnytrader 4,862,473 3,862,473.00 386.25% 58 linhan 4,824,288 - 0.00% 59 aleks 4,801,676 -1,623,093.83 -25.26% 60 geravia-mackinnon 4,777,691 - 0.00% 61 tel-911 4,665,052 -399,999.00 -7.90% 62 aloha 4,581,057 -5,250,143.34 -53.40% 63 bitcoinindonesia 4,561,631 -374,883.00 -7.59% 64 xgqing 4,351,903 - 0.00% 65 btsxzzh2 4,348,432 - 0.00% 66 serg 4,269,497 402,148.00 10.40% 67 quonael-lievesley 4,087,235 - 0.00% 68 coldstorage1 4,000,000 - 0.00% 69 oh-bts 4,000,000 - 0.00% 70 super-bts 3,999,990 - 0.00% 71 slim 3,938,098 - 0.00% 72 wesley-waugaman 3,921,027 - 0.00% 73 macley 3,815,563 2,815,563.30 281.56% 74 goodc0re 3,781,249 - 0.00% 75 peak-yannie 3,333,334 - 0.00% 76 livecoin-net 3,321,439 9,510.00 0.29% 77 random123 3,304,640 1,118,793.00 51.18% 78 yl114411419 3,267,635 1,469,482.70 81.72% 79 bafohald-degeorge 3,189,866 - 0.00% 80 scottmclane 3,177,116 - 0.00% 81 makkiavelli1977 3,168,837 125,814.00 4.13% 82 bilbo-baggins 3,151,030 - 0.00% 83 lao-wallet 3,140,242 - 0.00% 84 babydragon 3,082,527 -53,161.00 -1.70% 85 austintexas11 3,045,250 - 0.00% 86 backup.yao 3,041,382 220,454.00 7.81% 87 ev-ev 3,020,067 -42,500.00 -1.39% 88 null-account 3,011,970 23.00 0.00% 89 zy360 3,001,582 364,352.00 13.82% 90 mcxcwbts 3,000,686 - 0.00% 91 cai8108 3,000,003 341,551.69 12.85% 92 billion-hero-prize 3,000,000 - 0.00% 93 ptschina 2,945,835 -1,157,961.00 -28.22% 94 roland.sun 2,923,130 - 0.00% 95 rvrts 2,905,576 -2,062,305.00 -41.51% 96 bitlion 2,901,061 276,118.00 10.52% 97 jackkang 2,860,941 - 0.00% 98 teiva 2,830,650 - 0.00% 99 sky-fly 2,810,389 179,051.00 6.80% 100 cylonmaker2053 2,797,903 23,329.00 0.84%

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