Welcome to the 69th 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 - 16th January 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.
Alfredo Garcia (Bitshares core developer) has proposed a new worker proposal set to come into affect on the 22nd of Jan 2018. This new worker is to replace his previous worker proposal which has now expired. Alfredo has done great work on the Bitshares platform and the votes speak for themselves with his worker proposal already receiving enough vote to have it become active on the day of commencement
The team from Scorum (currently in ICO) have outlined an opensource method of doing ACCT (Atomic Cross Chain Transaction) on Graphene based chains. The paper outlines specifically a method demonstrating ACCT between their Graphene based chain and Litecoin. The team who developed this method have also offered support to implement this function within the Bitshares network. For more information see the ACCT Guide and their post on BitsharesTalk forum HERE
A new version of the Bitshares Reference wallet has been released (v2.0.180115). This update has featured more prominent headers on the exchange, updated send modal and language selector as well as some bug fixes. Get more information about the changes HERE and previous update HERE
@michaelx on behalf of Cryptonomex has created a worker proposal seeking the funds required to purchase bitshares.com. This domain was acquired by a fore-thinking squatter that recognised the value of the project. As Bitshares has grown so has the price of this domain and at the moment the asking price is said to be 250,000 USD. Apparently their is another party interested in purchasing this domain and from what we know this is not a member of the community or anyone related to the project.. obviously a domain in the wrong hands is not ideal. The worker proposal is for 500,000 BTS. more details HERE
24 hour trade volume of 170 Million USD on the DEX recorded on the 16th of Jan
Due to a fee reduction the cost of Life Time Membership's on the Bitshares network have been reduced from 1457 BTS down to 110.8 BTS. Given the current market condition these are the cheapest prices i have seen for LTM's.. I recommend if you have been waiting for a time to buy this membership then you should consider the current sale prices.
The Bitspark teams has released another update to the Zephyr project. Update #4 covers some technical and business updates including new team members, signing of NDAs as well as development on the upcoming Sendy 2.0 mobile app and more. Read the full report HERE
A quote from George Harrap (Co-Founder of Bitspark): 'There is only 1 DEX that has 1. Been in existence 3.5years. 2. Operated at 3300tx/s. 3. Have zero counterparty stablecoins. 4. $200m vol yesterday. objectively #bitshares is so far ahead of other projects it’s not even close'
RuDEX team have launched 0% market fee gateways for Karma and Decent, they ask you to vote for their witness blckchnd
Centralized Exchange Coinbene started offering bitCNY Markets. More information HERE
@cm-steem has released a server on the testnet for his HUG REST API; This API provides open-source high performance interface to the Bitshares network through simple GET requests. For more information see his full post HERE
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 643928; an increase of 39112 wallets/accounts since last week
Smartcoin issuance chart showing weekly change since the start of 2017
Bitshares Referance wallet V 2.0.180115
AriseBank
Bitsparks Sendy App
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 | 2,607,248,196 |  714,423.00 | 0.03% |
| BTS Stealth | 287,458 | - | 0.00% |
| BTS in Open Orders (DEX - T250) | 6495621 | 1,247,342.00 | 20.77% |
| Reserve Pool | 993,324,958 |  -714,423.00 | -0.07% |
| RP Accumulated fees | 37,401 | - | 0.00% |
| Collateral (top 250) backing Smartcoins | 450823661 | -41,535,605.00 | -8.61% |
| Top 100 Total | 1,139,836,375 | 51,333,240.00 | 4.65% |
| Top 100 - minus Exchanges | 460,737,962 | 32,590,607.00 | 7.32% |
| Exchanges | 679,098,413 | 18,742,633.00 | 2.84% |
| Non Exchanges | 1,928,149,783 | -18,028,210.00 | -0.93% |
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 | 0.00002894 | 0.32494834 | 116,252,597.82 | 37,776,089.12 | 68% | -46.8% |
| USDT | 0.34222574 | 0.34 | 40,377,579.46 | 13,838,143.56 | 23.6% | -41.9% |
| ETH | 0.00032359 | 0.32575129 | 12,421,087.08 | 4,046,185.08 | 7.3% | 961.3% |
| BNB | 0.02239 | 0.32546527 | 1,904,775 | 619,938.16 | 1.1% | -87.4% |
| USD | 0.327225 | 0.327225 | 1.62 | 0.5301 | 0 |
Worker Proposals
This section will identify the current approved and pending worker proposals
Active Worker:
- Alfredo Garcia - Core Development for Second half of 2017
- 201708-bitsharesui
- Abit - Core Developer - 201712~201803
- 2017-12-blockchainacademy
- Joint Marketing Campaign of Exchanges WP
- 201710-spokesperson
- BitShares Greater China Representative
- 201712-infrastructure
- Refund400k
Proposed Worker
- 2017-12-blockchainacademy
- Crypto-Solutions
- DEXBot - User Friendly BitShares Market Making Software
- 201801-budget-chinese-translations
- 201710-compliance
- Soledger - Vikram/Agent86 - Project administration & essential maintenance
- Fund to pay dividend
- NeoWorker - neoreel-1
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, USD and Bridge.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 | 2,607,248,196 | 0.329 | 2,607,248,196 | $858,330,927.13 | 0.018% |
| BTS Stealth | 287,458 | 0.329 | 287,458 | $94,633.91 | 0.000% |
| Reserve Pool | 993,324,958 | 0.329 | 993,324,958 | $327,012,032.63 | -0.048% |
| Accumulated fees | 37,401 | 0.329 | 37,401 | $12,312.77 | -0.235% |
| BitUSD | 20,085,429 | 3.05 | 61,260,558 | $20,167,559.04 | 16.606% |
| BitCNY | 279,691,531 | 0.476 | 133,133,169 | $43,828,706.58 | 40.309% |
| BitEUR | 284,542 | 3.73 | 1,061,342 | $349,403.78 | 0.892% |
| BitBTC | 47.2 | 34,619 | 1,634,017 | $537,933.89 | 18.794% |
| BitGold | 250.4 | 4,090 | 1,024,136 | $337,155.32 | 68.717% |
| BitSilver | 22,400 | 52.6 | 1,178,240 | $387,887.82 | 1.324% |
| Ruble | 16,083,750 | 0.0542 | 871,739 | $286,984.86 | 25.165% |
| HERO | 2,483 | 502 | 1,246,466 | $410,348.47 | 1.858% |
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 | 5497 | 303 |
| bitshares-munich | 5414 | 43 |
| bituniverse | 3628 | 900 |
| compumatrix1 | 2566 | 0 |
| digital-nomad | 2360 | 82 |
| sdr | 2352 | -22 |
| jianjolly-0 | 1743 | 0 |
| cryptofresh | 1551 | 262 |
| magicw | 1461 | 349 |
| stormheart | 1146 | 0 |
| bcp2017 | 1138 | 285 |
| estefantt | 973 | 273 |
| xeroc | 912 | 1 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| bitcrab | 66 | 79 | 243 | -6.6 |
| xeroc | 39 | 218 | 209.4 | -25.3 |
| openledger | 38 | 7986 | 80.7 | -84.6 |
| still | 81 | 219 | 61.7 | -43 |
| bitshareseurope | 0 | 446 | 41.9 | 1.8 |
| michaelx | 3 | 6 | 33.8 | 23.8 |
| fav | 29 | 148 | 32.6 | 1.2 |
| blckchnd | 28 | 1352 | 30 | 5 |
| baozi | 30 | 63 | 21.3 | -8.4 |
| abit | 48 | 437 | 20.2 | 1.6 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 798.3 | -191.4 |
| abit | 780.4 | -192.4 |
| xeroc | 724.9 | -129.2 |
| witness.still | 719.5 | -186.3 |
| bhuz | 668.1 | -128.8 |
| clayop | 641.4 | -134.9 |
| bunkerchainlabs-com | 603.1 | -83.4 |
| openledgerdc | 540.9 | -117.7 |
| ebit | 420.7 | -67.5 |
| chris4210 | 415.4 | -68.1 |
| fav | 408.4 | -94.7 |
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 | 820.8 | 712 | 1 |
| 2 | bhuz 1.6.17 | 760 | 1578 | 1 |
| 3 | roelandp 1.6.74 | 746 | 32 | 2 |
| 4 | witness.yao 1.6.71 | 740.1 | 3562 | 5 |
| 5 | witness.still 1.6.69 | 728.1 | 9196 | 6 |
| 6 | xn-delegate 1.6.59 | 717.2 | 2831 | 10 |
| 7 | delegate-1.lafona 1.6.28 | 676.1 | 4399 | 3 |
| 8 | xeldal 1.6.22 | 663.2 | 2264 | 6 |
| 9 | delegate-zhaomu 1.6.98 | 656.4 | 8 | 8 |
| 10 | rnglab 1.6.45 | 624.5 | 2089 | 9 |
| 11 | abc123 1.6.65 | 603.1 | 1279 | 5 |
| 12 | crazybit 1.6.84 | 591.3 | 469 | 10 |
| 13 | elmato 1.6.20 | 585.6 | 4294 | 11 |
| 14 | openledger-dc 1.6.76 | 583.2 | 631 | 18 |
| 15 | xman 1.6.64 | 570.9 | 1656 | 14 |
| 16 | delegate.freedom 1.6.63 | 517.8 | 4867 | 6 |
| 17 | verbaltech2 1.6.34 | 467 | 3857 | 9 |
| 18 | blckchnd 1.6.75 | 459.7 | 933 | 12 |
| 19 | delegate.ihashfury 1.6.26 | 458.5 | 869 | |
| 20 | fox 1.6.16 | 453.6 | 3614 | 5 |
| 21 | sahkan-bitshares 1.6.73 | 441.8 | 1196 | 256 |
| 22 | delegate.taolje 1.6.38 | 400 | 4764 | 414 |
| 23 | billbutler-witness 1.6.92 | 392.6 | 382 | 304 |
| 24 | mr.agsexplorer 1.6.24 | 380.7 | 7657 | |
| 25 | delegate-clayop 1.6.27 | 364.2 | 5200 |
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 | 230,001,204 | 0 | - | 0.00% |
| 2 | binance-cold-1 | 114,787,664 | 0 | 20,666,888.00 | 21.96% |
| 3 | poloniexwallet | 81,770,932 | 0 | -1,304,273.00 | -1.57% |
| 4 | zbbts | 77,223,142 | 0 | 16,176,772.00 | 26.50% |
| 5 | bitcc-bts-cold | 51,427,919 | 0 | -12,833,422.00 | -19.97% |
| 6 | binance-bts-1 | 34,298,969 | 0 | 1,471,006.00 | 4.48% |
| 7 | bittrex-deposit | 25,859,238 | 0 | -7,446,822.00 | -22.36% |
| 8 | delta-lion | 22,594,088 | 0 | 22,188,588.00 | 5471.91% |
| 9 | gamma-rabbit | 22,582,037 | 0 | 13,811,063.00 | 157.46% |
| 10 | btschbtc | 17,000,984 | 0 | -1,000,002.00 | -5.56% |
| 11 | binance-bitshares-gvbdb84k6h | 15,097,372 | 0 | 1,468,613.00 | 10.78% |
| 12 | jubi-bts | 14,591,906 | 0 | - | 0.00% |
| 13 | ranchorelaxo2017 | 14,218,370 | 0 | 9,995,097.00 | 236.67% |
| 14 | echocold1 | 12,847,656 | 0 | - | 0.00% |
| 15 | alexna64 | 12,143,695 | 0 | - | 0.00% |
| 16 | yun-bts | 11,988,875 | 0 | -3,506,335.00 | -22.63% |
| 17 | abit | 11,471,433 | 0 | 7,618,152.00 | 197.71% |
| 18 | evan | 10,659,692 | 0 | - | 0.00% |
| 19 | a2dcdf323a8a576408f62604b17a8a52 | 10,122,739 | 0 | -1,863,095.00 | -15.54% |
| 20 | getch-bts | 9,533,359 | 0 | - | 0.00% |
| 21 | graphene2015 | 9,193,781 | 0 | - | 0.00% |
| 22 | ibilitlan-scoltock | 8,673,958 | 0 | - | 0.00% |
| 23 | roje | 8,040,409 | 0 | -810,010.00 | -9.15% |
| 24 | cievia-waugaman | 7,990,214 | 0 | - | 0.00% |
| 25 | invictus | 7,494,364 | 0 | - | 0.00% |
| 26 | jiny2 | 7,438,984 | 0 | - | 0.00% |
| 27 | haeassa-granovsky | 7,431,931 | 0 | - | 0.00% |
| 28 | cass | 6,737,585 | 0 | -62,435.00 | -0.92% |
| 29 | abinia-rivard | 6,550,563 | 0 | - | 0.00% |
| 30 | keebler-kahn | 6,500,770 | 0 | - | 0.00% |
| 31 | tyrone-shoelaces | 6,498,541 | 0 | - | 0.00% |
| 32 | virtual-ventures | 6,384,404 | 0 | - | 0.00% |
| 33 | zbsend | 6,239,948 | 0 | 3,482,013.00 | 126.25% |
| 34 | fericia-brick | 5,766,623 | 0 | - | 0.00% |
| 35 | btszhqxf | 5,734,712 | 0 | - | 0.00% |
| 36 | onceuponatime | 5,714,723 | 10000 | -1,982,015.00 | -25.75% |
| 37 | anonymous | 5,685,557 | 0 | -4,146,386.00 | -42.17% |
| 38 | storj | 5,547,726 | 0 | - | 0.00% |
| 39 | spring | 5,482,704 | 0 | - | 0.00% |
| 40 | hnnr8 | 5,460,997 | 0 | - | 0.00% |
| 41 | cadord-ozois | 5,423,173 | 0 | - | 0.00% |
| 42 | rit-capital-partners | 5,328,946 | 0 | 5,243,995.00 | 6172.96% |
| 43 | xhunter | 5,192,094 | 0 | - | 0.00% |
| 44 | jeraud-kanze | 5,172,698 | 0 | - | 0.00% |
| 45 | btercom | 5,050,208 | 0 | 4,050,208.00 | 405.02% |
| 46 | arbor4 | 5,008,537 | 0 | - | 0.00% |
| 47 | yoyow.team | 5,000,049 | 0 | - | 0.00% |
| 48 | tsuratsura-3557 | 4,875,001 | 0 | -125,000.00 | -2.50% |
| 49 | linhan | 4,825,094 | 0 | -600,001.00 | -11.06% |
| 50 | geravia-mackinnon | 4,777,691 | 0 | - | 0.00% |
| 51 | bitcoinindonesia | 4,452,508 | 0 | 112,454.00 | 2.59% |
| 52 | xgqing | 4,351,903 | 0 | - | 0.00% |
| 53 | btsxzzh2 | 4,348,432 | 0 | - | 0.00% |
| 54 | aex-bts-deposit-wallet | 4,107,099 | 0 | 3,107,099.00 | 310.71% |
| 55 | quonael-lievesley | 4,087,235 | 0 | - | 0.00% |
| 56 | coldstorage1 | 4,000,000 | 0 | - | 0.00% |
| 57 | oh-bts | 4,000,000 | 0 | - | 0.00% |
| 58 | super-bts | 3,999,990 | 0 | - | 0.00% |
| 59 | slim | 3,939,098 | 0 | -4,556.00 | -0.12% |
| 60 | wesley-waugaman | 3,921,027 | 0 | - | 0.00% |
| 61 | bts-morning | 3,877,170 | 0 | -1,737,949.00 | -30.95% |
| 62 | serg | 3,867,349 | 0 | - | 0.00% |
| 63 | goodc0re | 3,778,207 | 0 | - | 0.00% |
| 64 | mr-wang | 3,490,673 | 1250005 | 1,315,700.00 | 60.49% |
| 65 | laplap5 | 3,341,271 | 0 | - | 0.00% |
| 66 | demo.btsbots | 3,203,734 | 97429 | 2,203,734.00 | 220.37% |
| 67 | bafohald-degeorge | 3,189,866 | 0 | - | 0.00% |
| 68 | bilbo-baggins | 3,151,030 | 0 | - | 0.00% |
| 69 | lao-wallet | 3,140,242 | 0 | - | 0.00% |
| 70 | jaehyuk | 3,127,053 | 0 | -100,000.00 | -3.10% |
| 71 | leon0201 | 3,076,442 | 0 | 1,461,283.00 | 90.47% |
| 72 | livecoin-net | 3,017,549 | 0 | -666,125.00 | -18.08% |
| 73 | null-account | 3,011,947 | 0 | - | 0.00% |
| 74 | cny123 | 3,002,354 | 0 | 1,810,535.00 | 151.91% |
| 75 | mcxcwbts | 3,000,686 | 0 | - | 0.00% |
| 76 | bts1492 | 3,000,006 | 0 | - | 0.00% |
| 77 | billion-hero-prize | 3,000,000 | 0 | - | 0.00% |
| 78 | jackkang | 2,860,941 | 0 | -21,999.00 | -0.76% |
| 79 | koocaa | 2,781,355 | 0 | - | 0.00% |
| 80 | abc.btsbots | 2,776,261 | 0 | 526,225.00 | 23.39% |
| 81 | tong-xin | 2,772,166 | 0 | - | 0.00% |
| 82 | bunkerchainlabs-com | 2,764,728 | 0 | 98.00 | 0.00% |
| 83 | roland.sun | 2,733,575 | 0 | - | 0.00% |
| 84 | coinegg-main | 2,635,255 | 0 | -4,549,849.00 | -63.32% |
| 85 | hardfork2 | 2,545,413 | 0 | - | 0.00% |
| 86 | chainsquad | 2,528,014 | 0 | - | 0.00% |
| 87 | hodor | 2,509,880 | 0 | - | 0.00% |
| 88 | dark-angel | 2,505,777 | 0 | - | 0.00% |
| 89 | thread | 2,504,935 | 0 | - | 0.00% |
| 90 | sk | 2,500,009 | 0 | - | 0.00% |
| 91 | bitspark-deposit | 2,483,328 | 0 | -6.00 | 0.00% |
| 92 | makkiavelli1977 | 2,483,134 | 0 | 1,483,134.00 | 148.31% |
| 93 | scottmclane | 2,467,116 | 710000 | -710,000.00 | -22.35% |
| 94 | wackou | 2,416,743 | 0 | 299,994.00 | 14.17% |
| 95 | asdbii-bts | 2,361,998 | 0 | 84,999.00 | 3.73% |
| 96 | seer | 2,314,795 | 0 | 620,647.00 | 36.63% |
| 97 | spook | 2,296,849 | 0 | - | 0.00% |
| 98 | poloniex | 2,256,950 | 0 | 9,230.00 | 0.41% |
| 99 | nana-roseannadana | 2,209,986 | 0 | - | 0.00% |
| 100 | yvg1900 | 2,201,037 | 0 | - | 0.00% |
Thanks for viewing :)
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