

Welcome to the 38th 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 - 6th June 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.

Refund worker support has increased and as such the worker proposal for Alfredo and Soledger have fallen out of active support. The change comes after @abit has added his support for the refund worker this week. As a proxy voter his voting power is made up of his stake as well as others who have delegated their voting rights to him. There is no official comment that i could find but i suspect it may have to do with pay rate as the vote change coincides with a rise in BTS:USD

HERO in now the 4th largest smartcoin issued on the Bitshares network with 1053% increase this week; going from a market cap of $10,541 USD to $122,849 USD

Smartcoin market cap has increased 27.11% W/W this week with a total USD marketcap of $7,546,340 USD. Please see the chart below this section to see YTD growth in smartcoins on the network.

@officialfuzzy has announced the launch of the WhaleShares discord chat room; This discord room will be used to support and develop the WhaleShares projects (a Bitshares asset providing an integration between the Steem and Bitshares networks). Member will be able to participate in contests and event to earn tokens. You can see the original post and join the fun HERE

@ontofractal has been building an analytical dashboard for Bitshares/Openledger using Elixir. The project is opensource and a new set of libraries have been released adding block streaming and subscriptions. you can check out the details and find links to the repos HERE

OpenLedger's partner ViewFin will be adding BTS and OBITS to their exchange this week and possibly BITCNY in the following weeks

OpenLedger has managed to obtain funding of some 1,6 million USD allowing four projects of OpenLedger to start production (eDEV, OCASH, GetGame and Apptrade). Ronny has also mentioned that they can start preparing for the first hackathon (HackICO) connected to Getgame that is expected to happen in Shanghai end of year or early 2018. All the projects mentioned here are based on the Bitshares network and have BitUSD as the core form of payment. OCASH is expected to present its virtual debit card end of July with own customized app and website for people to sign up for the physical card.

OpenLedger has preformed their monthly buy back and burn operation on OBITS this month, buying back 359,393 OBITS for a total of 2,9862,811 BTS; Get the full details HERE. The ICOO Sharedrop has also distributed 13.4 BTC to 510 holders of the ICOO token this month; More details HERE

@eosio has published the official whitepaper of the EOS project. you can find the steem post HERE or the whitepaper itself HERE

EOS has released a edited copy of Dan Larimer's presentation at consensus in NYC. The video has good quality audio and slides. You can find details about the future of the graphene network HERE

THE PBSA has recommended that the Peerplays witnesses should delay the launch of the network until June 7-8th to continue testing and ensure a smooth launch. They have also released some statistics relating to the results of the crowdsale. Total PPY sold in the public crowdsale was: 473,905.96479 from 2135 contributors which raised a total of 1491 BTC. You can view the contents of the genesis block HERE

The 'BitsharesDEX' telegram channel has 967 members, that is roughly 11 new members per day during the last week

Two new 3 letter UIA's have been registered this week. @chainsquad has registered 'FNX' and 'YINCHG' has registered the asset 'DEX' which has the description 'Decentralized EXchange'. As mentioned previously in these series the 3 Letter UIA are premium assets and are the most expensive assets on the Bitshares network.

@virtualgrowth is doing a weekly market update and token give away; Check out his post and vote on your favorite asset HERE, if you leave you 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 has talks from @peerplays @intelliguy @good-karma @virtualgrowth and @cm-steem you can find more details and last weeks recording HERE

Current registered wallets/accounts within the Bitshares network is 242618; an increase of 54125 wallets/accounts since last week

The last asset registered this week is asset #1407 and it is named 'STEAK' registered by 'fhdfhr568m0yb' with the description 'Decentralized Steak' ;)

Twitter stats this week thanks to @fav

Smartcoin issueance chart showing weekly change since the start of 2017

Today - Worker proposal voting slate

Last week - Worker proposal voting slate

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 2,602,316,047 234,842.00 0.01% BTS Stealth 268,087 915.00 0.34% BTS in Open Orders (DEX -T250) 6,474,783 1,866,648.50 12.40% Reserve Pool 998,256,029 -235,258.00 -0.02% RP Accumulated fees 4,829 -617.00 -9.12% Collateral (top 250) backing Smartcoins 418589328 -3,577,066.00 -0.90% Top 100 Total 1,449,139,346 11,749,452.00 0.81% Top 100 - minus Exchanges 496,682,084 -7,761,629.00 -1.49% Exchanges 952,457,262 19,511,081.00 2.09% Non Exchanges 1,649,858,785 -19,276,239.00 -1.16%

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 CNY 0.76923406 0.11 152,714,553.00 17,286,661.26 53.7% 290.6% BTC 0.00003861 0.11 131,799,682.90 14,608,958.68 46.3% 124.4% WAVES 0.0225 0.13 592.40 74.61 0.0% EUR 0.1 0.11249859 19.90 2.24 0.0% USD 0.0952381 0.0952381 0 0.00 0.0%

Worker Proposals

This section will identify the current approved and pending worker proposals



Active Worker:

Refund worker - Redirect's worker proposal budget back to the reserve pool

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 2,602,316,047 0.11210556 2,602,316,047 $291,734,097.75 0.0090% BTS Stealth 268,087 0.11210556 268,087 $30,054.04 0.34% Reserve Pool 998,256,029 0.11210556 998,256,029 $111,910,051.15 -0.0236% Accumulated fees 4,829 0.11210556 4,829 $541.36 -9.12% BitUSD 2,362,594 9.25 21,853,995 $2,362,594.00 30.94% BitCNY 31,531,462 1.327 41,842,250 $4,690,748.88 23.15% BitEUR 104,890 10.4 1,090,856 $122,291.02 44.58% BitBTC 59.9 26,099 1,563,330 $175,258.00 -6.70% BitGold 60 11,943 716,580 $80,332.60 23.97% BitSilver 5,619 163 915,897 $102,677.15 7.71% Ruble 695,630 0.1595 110,953 $12,438.45 -3.48% HERO 761 1,440 1,095,840 $122,849.76 1053.03%

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 3155 63 compumatrix1 2253 10 jianjolly-0 1743 0 btsabc 1138 166 openledger 524 6 sdr 520 98 cryptocurrency3 450 24 fav 402 32 cryptofresh 385 16 gn1 309 13 ccm2015 261 4 by24seven 224 15 xiangxn 212 12

Vote Proxies

This section will track the change in proxy voting

Account Opinions Followers Weight (M) Weight Change (M) bitcrab 64 27 239.4 4.5 xeroc 36 162 238 0.4 laomao 35 4 176.2 37 baozi 25 65 64.9 -1 bitshares-munich-wallet 15 19 23.1 0.3 fav 16 48 15.6 0.3 yao 33 36 12.7 -1.4 btsabc 59 22 12.7 0 abit 40 366 12 0 dahu 21 1 9 -0.1

Committee Members

This section will track shareholder approval of committee members

Account Votes (M) Votes Change (M) bitcrab 889.8 72.4 abit 844 64.9 bhuz 829.3 75.7 clayop 741.6 69 chris4210 706.8 7.4 xeroc 658.5 2.7 bunkerchainlabs-com 598.1 1.7 harvey-xts 483.8 65.8 ebit 448.2 7.5 openledgerdc 424.8 8.5 fav 310 0.8

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 1.6.35 898.8 310 2 verbaltech2 1.6.34 884.9 1223 3 3 bhuz 1.6.17 883.9 1100 1 4 wackou 1.6.18 869.9 1278 1 5 witness.yao 1.6.71 868.5 3140 6 rnglab 1.6.45 852.9 1346 1 7 xman 1.6.64 848.7 1169 8 8 jerryliu 1.6.72 840.5 5291 9 delegate.baozi 1.6.37 838.6 1026 10 fox 1.6.16 811.5 2909 11 witness.still 1.6.69 794.5 8344 3 12 xn-delegate 1.6.59 735.5 2297 13 xeldal 1.6.22 729.9 1201 17 14 roelandp 1.6.74 665.3 2 15 openledger-dc 1.6.76 656.4 46 16 abc123 1.6.65 627.7 854 17 blckchnd 1.6.75 622.1 194 3 18 harvey-xts 1.6.23 621.7 5181 53 19 sahkan-bitshares 1.6.73 605 160 7 20 delegate.freedom 1.6.63 589 3602 7 21 mr.agsexplorer 1.6.24 560.3 2908 176 22 delegate-1.lafona 1.6.28 552.8 700 5 23 elmato 1.6.20 543.3 3010 24 spartako 1.6.15 529.1 991 25 delegate-clayop 1.6.27 510.5 4315

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 290,001,203 0 - 0.00% 2 bitcc-bts-cold 146,419,014 0 -20,000,001.00 -12.02% 3 poloniexwallet 125,415,801 0 -15,313,687.00 -10.88% 4 yun-bts 124,672,972 0 34,692,270.00 38.56% 5 yunbi-granary 100,000,000 0 - 0.00% 6 bittrex-deposit 62,246,170 0 -2,338,995.00 -3.62% 7 yunbi-cold-wallet 49,994,976 0 - 0.00% 8 bitcc-bts 21,799,493 0 19,616,605.00 898.65% 9 aloha 20,714,700 0 362,311.00 1.78% 10 stan 20,618,873 0 -1.00 0.00% 11 bitshares-munich-wallet 15,941,244 0 - 0.00% 12 jy2017 15,696,111 0 - 0.00% 13 bterdeposit 14,534,170 0 -3,652,350.00 -20.08% 14 btercom 13,049,112 0 - 0.00% 15 cass 11,485,727 0 25,561.00 0.22% 16 abit 11,391,679 10000 22,003.00 0.19% 17 evan 10,659,692 0 - 0.00% 18 crypto-maniac 10,613,397 0 - 0.00% 19 hnnr8 10,471,002 0 - 0.00% 20 tsuratsura-3557 10,148,160 39444 -20,958.00 -0.21% 21 virtual-ventures 9,318,078 0 - 0.00% 22 roje 8,850,430 0 - 0.00% 23 invictus 8,815,143 0 - 0.00% 24 jiny2 8,721,638 0 -800,002.00 -8.40% 25 ibilitlan-scoltock 8,673,958 0 - 0.00% 26 anonymous 8,050,312 16250 5,601,956.00 228.80% 27 cievia-waugaman 7,990,213 0 - 0.00% 28 haeassa-granovsky 7,431,931 0 - 0.00% 29 alexna64 7,263,382 0 - 0.00% 30 mcxcwbts 6,915,641 0 - 0.00% 31 abinia-rivard 6,550,563 0 - 0.00% 32 prebuffo1970 6,501,826 0 1,500,000.00 29.99% 33 keebler-kahn 6,500,770 0 - 0.00% 34 coldstorage1 6,499,999 0 - 0.00% 35 multisig-worker-2017-01 6,401,110 0 - 0.00% 36 graphene2015 6,262,594 0 -565,325.00 -8.28% 37 millibit53 6,234,726 0 - 0.00% 38 bts-morning 6,064,938 0 374,216.00 6.58% 39 bts-198hot 5,978,202 0 2,227,087.00 59.37% 40 fericia-brick 5,766,623 0 - 0.00% 41 btszhqxf 5,734,712 0 - 0.00% 42 linhan 5,425,095 0 - 0.00% 43 cadord-ozois 5,423,173 0 - 0.00% 44 pay.xeroc 5,390,364 0 -1.00 0.00% 45 spring 5,365,474 0 - 0.00% 46 bristolbay 5,324,001 0 -1,010.00 -0.02% 47 xhunter 5,233,238 0 - 0.00% 48 jeraud-kanze 5,172,698 0 - 0.00% 49 brother-john 5,074,573 0 - 0.00% 50 laow 4,937,707 0 - 0.00% 51 cryptonomex 4,929,988 0 -455,641.00 -8.46% 52 synergy3 4,806,769 0 - 0.00% 53 geravia-mackinnon 4,777,691 0 - 0.00% 54 dev.bitsharesblocks 4,766,224 727340 -270,905.00 -5.38% 55 bts-19800 4,728,411 0 -4,459,805.00 -48.54% 56 comp6 4,587,644 0 -1,845,920.00 -28.69% 57 tyrone-shoelaces 4,459,898 0 -2,061.00 -0.05% 58 btsxzzh2 4,348,432 0 - 0.00% 59 trans.bot 4,338,400 0 493,692.00 12.84% 60 bitcc-bts-withdrawal 4,324,351 0 2,878,250.00 199.04% 61 slim 4,153,504 0 - 0.00% 62 quonael-lievesley 4,087,235 0 - 0.00% 63 tkoba99 4,034,084 1559 - 0.00% 64 linanjun 3,995,567 62715 -2,230,806.00 -35.83% 65 wesley-waugaman 3,921,027 0 - 0.00% 66 hermes3 3,832,195 0 - 0.00% 67 satoshi-pie 3,697,790 0 - 0.00% 68 btsnow 3,648,808 0 - 0.00% 69 jaehyuk 3,627,054 0 - 0.00% 70 jackkang 3,598,756 0 - 0.00% 71 laplap5 3,493,800 0 - 0.00% 72 bunkerchainlabs-com 3,472,196 0 -1.00 0.00% 73 onceuponatime 3,391,474 0 -3,313,812.00 -49.42% 74 bitcoinindonesia 3,285,760 0 80,868.00 2.52% 75 scottmclane 3,251,127 0 - 0.00% 76 bafohald-degeorge 3,189,866 0 - 0.00% 77 wind-flower 3,174,192 0 - 0.00% 78 goodc0re 3,081,155 9942 -35,200.00 -1.13% 79 null-account 3,011,945 0 - 0.00% 80 tel-911 2,909,136 0 - 0.00% 81 mostar 2,747,734 0 - 0.00% 82 douglasriese1994 2,642,911 0 - 0.00% 83 rand1 2,586,347 0 - 0.00% 84 bang-king 2,573,931 0 3,512.00 0.14% 85 hardfork2 2,545,413 0 - 0.00% 86 uro-boros 2,539,950 46004 2,439,950.00 2439.95% 87 chainsquad 2,528,021 0 43,867.00 1.77% 88 serg 2,515,784 0 - 0.00% 89 rg33m43ffaeqdrnk 2,500,916 0 73,893.00 3.04% 90 thread 2,485,990 0 - 0.00% 91 dragongroup 2,401,511 0 - 0.00% 92 blocktrades 2,376,107 6675 1,203,211.00 102.58% 93 sauron 2,338,702 0 - 0.00% 94 b1tshares 2,309,214 0 - 0.00% 95 spook 2,296,849 0 - 0.00% 96 impseu1 2,290,156 0 - 0.00% 97 nana-roseannadana 2,209,986 0 - 0.00% 98 yvg1900 2,201,037 0 - 0.00% 99 kedaliwin-tefft 2,192,433 0 - 0.00% 100 sahkan 2,185,267 1000000 - 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! :)



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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.