

Welcome to the 31st Bitshares State of the Network (BSotN) report. I release this report weekly to look at 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 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.

BitUSD is still worth $1 USD!

Bitshares smartcoins (Assets that represent a pegged stable value in popular fiat and commodities such as BitUSD,BitCNY, BitEUR, BitBTC, BitGold and BitSilver) have shown huge growth in value in the last few weeks. This increase in value is due to increased issuance of smartcoins (smartcoin issuance requires BTS to be locked to a protocol level smart contract and are used as collateral for these pegged assets). As a special treat i have plotted the data for these assets in USD terms which you can see at the bottom of this section; the chart's clearly shows a 3x increase in value of these assets in the last 2 months with a total value of 1.2 Million USD this week.

@svk has released a new version of the Bitshares Light wallet (v v2.0.170418) this release addresses some bug fixes. Find the change log and download the newest client HERE

@blockchained (blckchnd) created a Ruble MPA in preparation to the official launch of RuDEX Open Beta on 18th of April, which will include an automated fiat gateway that will be announced when it is ready, and is now looking for witnesses/committee members to provide price feeds to make the asset more robust. If you are interested please contact us in our bitshares talk thread, or in Telegram we in turn can offer our proxy votes for your witness/committee member. It is possible to manually onramp/offramp funds via RuDEX gateway. Changebot escrow is used, which is probably familiar to any Russian users who exchanged their Steem/Golos/SBD/GBG via @on0tole

Ronny Boesing (CEO of OpenLedger) has leaked the first photos of Bitshares, OBITS and ICOO integrated into a Russian BTM (Bitcoin ATM); no official announcement has been made yet but i have included some photos below

Peerplays have announced a new ICO model that will help investors by not requiring the use of private keys to redeem their tokens for anyone investing after the change has launched. This will greatly simplify the process of being a part of the future of gambling on the blockchain. Details have not been officially announced yet but they will be updating the ico model and providing guidance in the coming weeks. Also this week has seen an article from Bitcoin Magazine titled "Peerplays Kills the House: How Blockchain Gambling Just Got Real" which you can read about HERE

@bitshares-munich mobile apps Blockpay "S" and the Smartcoin wallet have had an updated release on the google play store; download the latest versions HERE

@btswolf @fav and @suika have created a short video on short selling Smartcoins in particular BitUSD, the video covers the concepts of short selling BitUSD using BTS as collateral then covering your position in profit; for more information see the post HERE

Embermine - "a smart contract platform designed to empower users in ALL of their projects by GUARANTEEING proper revenue and royalty share between all collaborators." proposes to use solidity smart contracts on a Graphene based DPOS blockchain. Embermine have launched there ICO. find out more details of the project HERE

Daniel Pineda (founder of APPTRADE.IO - "The stockmarket of apps") has released updated information regarding the valuation of their ICO and core token APPX as well as a 100k investment from a strategic investor. Check out the update HERE or checkout their synopsis HERE

Steepshot token has been registered with the description 'This token represent shares in SteepShot company'. Steepshot is a platform that rewards people for sharing their lifestyle and visual experience. The project team is @pmartynov, @vitality, @anch, @korzunav, @kirill.volkov and @nikitz. you can find more details about the project and download the alpha release HERE and keepup with the latest news @steepshot

@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 had talks from @peerplays @virtualgrowth @cm-steem and @peerity-io you can find more details and last weeks recording HERE

Current registered wallets/accounts within the Bitshares network is 163687; an increase of 1254 wallets/accounts since last week

The last asset registered this week is asset #1342 and it is named 'BIXIN' registered by 'ddd888' with the description 'bixin'. ddd888 also registered another 7 assets this week which seem to represent popular exchanges and tokens such as HUOBI, POLONIEX, ANTPOOL, DOGE, GOLEM, STRATIS and BTCTRADE. ddd888 has a voting weight of 6 million BTS and is responsible for shorting 70,000 CNY with 5.1 Million BTS collateral i.e this is not a spam account

6 Month traffic stats for r/bitshares - March

Bitshares BTM - Russia

Smartcoin growth over time - YTD

Stablecoin options comparison matrix created by BTSwolf

sorry for going crazy with pictures this week ;)

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 2,595,970,474 1,223,195.00 0.05% BTS Stealth 266,871 - 0.00% BTS in Open Orders (DEX) 16,376,819.45 2,254,187.45 16.03% Reserve Pool 1,004,608,168 -1,215,096.00 -0.12% RP Accumulated fees 13,437 -1,246.00 -4.54% Collateral (top 250) backing Smartcoins 412978194 16,159,351.00 4.32% Top 100 Total 1,346,618,039 -18,279,344.34 -1.34% Top 100 - minus Exchanges 515,814,461 24,167,210.31 4.72% Exchanges 830,803,577 -42,446,554.65 -4.99% Non Exchanges 1,765,166,897 43,669,749.65 2.51%

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 0.00000902 0.0109649 61,973,250.42 679,530.38 70.56% 220.3% CNY 0.08 0.01 25,386,031.81 279,072.92 29.42% 411.0% EUR 0.01 0.01065164 5,926.00 63.1216 0.01% WAVES 0.02 0.00910599 0.00 0 0.00% USD 0.01 0.01 0.00 0 0.00%

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 2,595,970,474 0.01096093 2,595,970,474 $28,454,250.65 0.0471% BTS Stealth 266,871 0.01096093 266,871 $2,925.15 0.00% Reserve Pool 1,004,608,168 0.01096093 1,004,608,168 $11,011,439.81 -0.1208% Accumulated fees 13,437 0.01096093 13,437 $147.28 -8.49% BitUSD 588,527 91.4 53,791,368 $589,603.42 6.91% BitCNY 3,537,683 13.26 46,909,677 $514,173.68 32.25% BitEUR 22,753 0.386 8,783 $96.27 14.18% BitBTC 41.3 111,887 4,620,933 $50,649.72 6.72% BitGold 11.44 116,840 1,336,650 $14,650.92 1.06% BitSilver 2,196 1,676 3,680,496 $40,341.66 9.04%

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 2526 45 compumatrix1 2060 259 jianjolly-0 1743 0 btsabc 524 35 openledger 514 0 fav 353 0 cryptofresh 333 0 gn1 242 0 ccm2015 227 0 cryptocurrency3 187 0 by24seven 177 0 sdr 174 26 xiangxn 153 53

Vote Proxies

This section will track the change in proxy voting

Account Opinions Followers Weight (M) Weight Change (M) xeroc 35 168 253.3 2.1 bitcrab 62 23 190.7 8.6 baozi 21 64 77.4 0.1 laomao 35 3 55.1 2.4 bitshares-munich-wallet 7 13 30.4 2.1 fav 14 41 14.6 0.3 jonnybitcoin 35 18 13.3 -0.2 abit 42 237 12 0.2 baicai 48 4 11.1 0 harvey 57 5 10.5 -1.5

Committee Members

This section will track shareholder approval of committee members

Account Votes (M) Votes Change (M) bitcrab 761.2 166.9 abit 727.8 127.7 chris4210 720.8 7.9 bhuz 690.2 6.5 clayop 633.9 8.9 xeroc 626.2 6 bunkerchainlabs-com 547.8 6 ebit 428.5 7 openledgerdc 346.2 4.8 fav 323.2 2.6 harvey-xts 307.6 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 1.6.35 786.9 133 2 abc123 1.6.65 769.4 840 2 3 bhuz 1.6.17 754 1093 4 wackou 1.6.18 745.9 1271 1 5 delegate.baozi 1.6.37 742.8 1019 19 6 fox 1.6.16 736.3 2893 1 7 witness.yao 1.6.71 734.6 2136 8 verbaltech2 1.6.34 730.8 1197 1 9 rnglab 1.6.45 722.2 1275 10 xman 1.6.64 722.1 1134 8 11 jerryliu 1.6.72 713.7 2748 1 12 xn-delegate 1.6.59 690.4 2286 13 witness.still 1.6.69 656.3 8273 1 14 delegate-clayop 1.6.27 655.2 3350 15 xeldal 1.6.22 600.3 920 16 datasecuritynode 1.6.49 565.5 5546 760 17 roadscape 1.6.13 554 1374 18 sahkan-bitshares 1.6.73 475.1 152 152 19 delegate.freedom 1.6.63 450.8 3570 20 harvey-xts 1.6.23 440.5 4952 1 21 delegate.ihashfury 1.6.26 429.4 866 1 22 spartako 1.6.15 369.5 968 2 23 mr.agsexplorer 1.6.24 348.8 824 24 spectral 1.6.30 326.9 2208 25 delegate.taolje 1.6.38 315.2 883

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 236419025.9 0 -20,000,005.11 -7.80% 3 poloniexwallet 184040203.1 0 -16,960,316.91 -8.44% 4 bittrex-deposit 38360618.42 0 1,340,828.42 3.62% 5 yunbi-cold-wallet 35003434.68 0 - 0.00% 6 stan 20618873.65 0 -0.35 0.00% 7 yun-bts 20138250.06 0 2,396,289.06 13.51% 8 alohacs 16855553.92 0 - 0.00% 9 mrfrismint1983 13478731.04 0 - 0.00% 10 btercom 13049112.07 0 - 0.00% 11 evan 12118147.13 0 - 0.00% 12 cass 11440165.64 0 - 0.00% 13 mcxcwbts 10818456.84 0 - 0.00% 14 abit 10678329.77 355254.2046 199,996.77 1.91% 15 crypto-maniac 10613396.97 0 - 0.00% 16 hnnr8 10471001.86 0 - 0.00% 17 invictus 9815144.343 0 - 0.00% 18 virtual-ventures 9318078.011 0 - 0.00% 19 jiny2 9263140.165 0 0.16 0.00% 20 jonnybitcoin 8999999.853 0 -244,421.15 -2.64% 21 roje 8850429.578 0 -0.42 0.00% 22 tsuratsura-3557 8820755.57 0 - 0.00% 23 ibilitlan-scoltock 8673958.411 0 - 0.00% 24 coldstorage1 8300001 0 - 0.00% 25 comp6 8144303.712 0 -0.29 0.00% 26 cievia-waugaman 7990213.251 0 - 0.00% 27 code 7965246.638 2284103.641 - 0.00% 28 bc-godpay 7563436.058 0 0.06 0.00% 29 graphene2015 7485736.949 0 - 0.00% 30 haeassa-granovsky 7431931.353 0 0.35 0.00% 31 blocktrades 7138288.083 6677.33872 56,771.08 0.80% 32 tomotomo 7016825.01 0 - 0.00% 33 bitcc-bts-withdrawal 6653442.199 0 3,812,301.20 134.18% 34 abinia-rivard 6550562.954 0 -0.05 0.00% 35 keebler-kahn 6202386.529 0 - 0.00% 36 ironbank 6144951.645 8000 -1,000,002.36 -14.00% 37 ubris 5900000.049 0 0.05 0.00% 38 alexna64 5869988.939 0 2,413,901.94 69.84% 39 dev.bitsharesblocks 5776925.878 679522.0174 427,541.88 7.99% 40 fericia-brick 5766622.727 0 -0.27 0.00% 41 btszhqxf 5734711.5 0 - 0.00% 42 onceuponatime 5593495.609 0 -200,005.39 -3.45% 43 miso69 5478228.737 0 -0.26 0.00% 44 linhan 5425094.721 0 -0.28 0.00% 45 cadord-ozois 5423173.409 0 - 0.00% 46 pay.xeroc 5390374.142 0 - 0.00% 47 bts-morning 5372840.009 0 554,398.01 11.51% 48 bristolbay 5325003.672 0 -0.33 0.00% 49 spring 5316285.474 0 411,175.47 8.38% 50 xhunter 5233238.27 0 0.27 0.00% 51 jeraud-kanze 5172698.487 0 0.49 0.00% 52 laow 5057708.821 0 - 0.00% 53 ccedk.escrow2 5030292.76 0 -0.24 0.00% 54 geravia-mackinnon 4777690.635 0 - 0.00% 55 mybak 4709247.334 0 - 0.00% 56 goodc0re 4631838.897 0 - 0.00% 57 satoshi-pie 4622791.181 0 - 0.00% 58 bts88 4527498.864 0 - 0.00% 59 impseu1 4432046.44 0 - 0.00% 60 btsxzzh2 4348432.46 0 0.46 0.00% 61 slim 4153504.029 0 0.03 0.00% 62 quonael-lievesley 4087235.19 0 0.19 0.00% 63 tkoba99 4034045.319 1558.846 - 0.00% 64 synergy3 4017136.248 0 - 0.00% 65 lzr1900 4000083.413 0 - 0.00% 66 elendasa-benjamin 3925769.873 0 - 0.00% 67 wesley-waugaman 3921027.341 0 0.34 0.00% 68 hermes3 3832194.901 0 - 0.00% 69 jaehyuk 3627054.385 0 - 0.00% 70 smartass 3569171.707 0 3,469,171.71 3469.17% 71 bitcoinindonesia 3517400.697 0 - 0.00% 72 laplap5 3493800.179 0 - 0.00% 73 mike-primorac 3479329.453 0 0.45 0.00% 74 koocaa 3453196.418 0 - 0.00% 75 aboy 3446793.918 0 - 0.00% 76 nethyb 3442787.375 0 0.38 0.00% 77 mcxcw 3393692.846 0 - 0.00% 78 scottmclane 3251127.476 0 - 0.00% 79 tyrone-shoelaces 3233062.134 0 - 0.00% 80 bafohald-degeorge 3189865.947 0 -0.05 0.00% 81 wind-flower 3174191.323 0 - 0.00% 82 bitgate-ico1 3040926.167 0 - 0.00% 83 null-account 3011944.766 0 -0.23 0.00% 84 anonym7 2972988.998 0 - 0.00% 85 bterdeposit 2958557.46 0 - 0.00% 86 profoot 2949982.108 0 - 0.00% 87 cnfund 2944644.199 330825.8184 - 0.00% 88 ptschina 2889985.24 0 0.24 0.00% 89 chryspano 2840887.187 0 0.19 0.00% 90 ccddd 2800000 0 - 0.00% 91 goldsix 2783142.065 111820.9333 -1,246,059.93 -30.93% 92 mostar 2751784.383 0 - 0.00% 93 trans.bot 2742192.374 170967.5322 653,136.37 31.26% 94 gamma-rabbit 2720609.596 0 - 0.00% 95 root 2652843.369 0 803,913.37 43.48% 96 douglasriese1994 2642911.206 0 - 0.00% 97 enki 2616378.92 91248.3738 1,378,608.92 111.38% 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

If you are looking to buy into these ICO please find the codes below that will get you a bonus 2% on check out

Apptrade - ending soon - 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