

Welcome to the 42nd 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.

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.

This section will highlight any observations made while analysing the data.

@stan has released another chapter in the 'Origin of Bitshares' series, This chapter brings us up to date with the release of the Billion Hero Challenge on Independence day; 4th of July 2017. The post also goes on to discuss the goals of the challenge and includes announcements regarding the prize money being locked away as collateral. You can find the latest release in this series HERE

@stan has announced on June 10, 2017 the Hero Foundation set aside $1M worth of BitShares (3 Million BTS) at that 33.3 cents per BTS and today those fund have been locked away to be used as collateral in the Billion Hero Challenge. This 3 Million BTS also serves to be the prize money at the end of the Challenge. On successful completion of the Challenge the value of this prize money would have grown 1000x to 1 Billion USD; hence the name 'Billion Hero Challenge'. You can get more details of the prize money and the challenge HERE

OXarbitrage (Alfredo) has created an updated worker proposal for core development of the Bitshares Network. This new worker proposal is using the multisig worker mechanism as first created and used by @xeroc (described HERE). You can see the full details of Alfredo's worker proposal HERE

@cm-steem has updated his BSIP-019 - 'profit sharing / dividends for Market Pegged Assets (MPA)' and also drafted BSIP-020 - 'profit sharing / dividends for User Issed Assets (UIA)

@cm-steem has created a Bitshares-UI Customization Guide which describes methods of creating a customized User Interface for the Bitshares Network - This is a full length post packed with great detail for anyone looking to launch their own front end. Please see full details of this post HERE

PoloniEX has a banner suggesting their is issues with the network at the moment despite all other exchanges and the network itself operating fine. There has been no official word from Poloniex (that i am aware of) in regards to the 'issues' that they are having but it has been observed this week that their hot wallet was completely emptied of all funds resulting in delays for users trying to withdraw. Their hot wallet is holding ~ 8 Million BTS at the time of writing but this is still very low for an exchange of their size. The downtrend in their hot wallet holdings came as no surprise (seeing BTS funds flow over to Chinese exchanges) so the fact that they did not withdraw from their cold wallet raises some questions... You can keep an eye on their wallet HERE

@fav has released the June statistics for the Bitshares subreddit from reddit.com. The traffic statistics show a massive spike of roughly 500% in traffic for June M/M. You can see the full stats HERE

@kencode has released his weekly report with plenty of updates from the team at Bitshares Munich; including Graphenej, C-IPFS, Blockpay, Stealth and Smartcoin Wallet. You can find his report HERE

@full-steem-ahead (Verbaltech2) has posted his monthly Bitshares witness update, celebrating his rise to pole position on the witness list; achieving the highest number of shareholder approval votes!. He also goes into details regarding his nodes performance and the upcoming introduction of a 32GB dedicated node for the Bitshares testnet. Find out more HERE

@jademont has created some Bitshares tests / exams. Test your knowledge of the Bitshares network by taking part in the Basic and Intermediate level Bitshares tests.

@onceuponatime has pledged to donate $25,000 USD worth of Bitshares, BitUSD, Hero, Steem and Steem Backed Dollars to participants in the 'Gerania Vertical Kilometer Trail Race'. Prizes go to the three best times and all finishers who stay the course. This race is 5.8km of uphil trail finishing at 1,000m altitude. Anyone who can finish this monster effort now has a stash of crypto to compliment their accomplishment. To see further details of very generous giveaway from @onceuponatime you can see his announcement HERE

@legendx has created a Chinese translation of the Graphene DPOS whitepaper as previously released by Daniel Larimer. You can find the Chinese version of the DPOS Whitepaper HERE

Thanks to @blockchained who has been translating the Bitshares State of the Network report into Russian and also to @btsabc who last week translated the report into Chinese. Please find the reports in Russian and Chinese.

OpenLedger has preformed thier monthly OBITS buy back and burn operation. This month $1,500,000 USD was used to buy back OBITS from the open market resulting in final price of 12.99 BTS per OBITS. A total of 5,864,799 BTS were used to buy back 451,190 OBITS. For full break down and further details please see their announcement HERE

Ronny Boesing (CEO of OpenLedger) has announced an upcoming ICO for OCASH with a 5% sharedrop of OBITS holders. OCASH brings the international card payments system to the OpenLedger network, allowing token holders to use Stablecoins (SmartCoins) including bitUSD, bitEUR, bitGBP, and Rubles - plus other OpenLedger tokens such as OBITS, BTC, and ETH - to purchase items anywhere that accept international payment cards. For more information please see the announcement HERE

@ash has made a post regarding a managed investment fund running on the Bitshares network with a customised UI. The fund is Satoshi.fund and from his post it looks like they have a very nice an clean interface. I will do some more research on this fund and present some more information next week but for now you can see @ash's post to get some insight on the platform HERE

@cob has released a Muse update in relation to their testnet launch, future roadmap and guidance to claim Muse aka NOTEs from the old chain. The new Muse blockchain will be a separate chain to their current chain, there will be a sharedrop date announced and keys will need to be imported into the new chain. They have also advised that Open.Muse being held on the Bitshares network will need to be transferred to the Muse chain before the snapshot occurs. Make sure you read the official announcement and prepare for the launch of the new chain this summer. Announcement can be found HERE

@robrigo has put out a warning to anyone who had PPY share-dropped on their BTS accounts (account on the Peerplays blockchain prefixed with 'bts-'). These accounts lack a memo key which is causing problems when depositing your PPY to an exchange as the memos are not properly included in the transactions (memos are used as unique identifiers when using exchange accounts on Graphene). This is resulting in users having to submit support tickets to retrieve their balances at the exchange end. See his full post HERE

Cointelegraph has covered the Crypviser exit from Ethereum and migration to Bitshares network. Crypviser is building an encrypted network for social and business communication based on Blockchain. The Crypviser team based their decision to move due to scale-ability concerns for their real time platform after the Ethereum network is seeing congestion during ICO's in the last few weeks. They have also released a blog post yesterday guiding ICO investors how to sign up for a Bitshares account and update their crypvisor ICO profile ready for the distribution of CVCoin on the 7th of July. You can see the Cointelegraph article HERE and Crypviser investors can find the guide for to create and account and get ready for the distribution HERE

eDev.one integrates Blockchain Technology and this gives a strong protection to both clients and freelancers. eDev.one is a project integrated with OpenLedger and this week it has been featured in an article on maxkeiser.com. The platform is launching next month and their will be upcoming opportunities for investors to back the project. You can see the article HERE or see their official website HERE

Decent has launched their Network which is operating on a Graphene based platform; at this time i have no knowledge of any connections to Bitshares or other Graphene projects but it is great to see other platforms using the technology to the benefit of all existing and future Graphene based chains. The Decent Network is a content distribution platform that is decentralized, open-source and uses Blockchain technology.

@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 @cm-steem, @thekyle, @virtualgrowth, @peerity-io, @mrwang, @jphenderson, @densgirl94 and @officialfuzzy you can find more details and last weeks recording HERE

Current registered wallets/accounts within the Bitshares network is 361306; an increase of 5268 wallets/accounts since last week