Welcome to the 72nd 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 February 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.
A new version of Bitshares core (v. 2.0.180202) has been released this week. The update resolves some potential issues at the API and P2P level as well as other bug fixes and improvements. All nodes (especially active witnesses, seed nodes and public API nodes) are recommended to upgrade as soon as possible. More information HERE
The Bitshares Blockchain Foundation have been working with Lykke, a Swiss Fintech company building a regulated, blockchain-based global marketplace. This week they announced that the Bitshares (BTS) will be listed on the Lykke exchange. This could open pairs such as BTS-BTC, BTS-EUR and BTS-USD providing further fiat on/off ramps to the network. Smartcoins are also being considered. Find more information from BFF and Lykke
BitShares has been upgraded to B- on the Weiss cryptocurrency ratings released on the 2nd of February 2018. This puts the 3 leading Graphene chains sharing a B rating (Steem: B+, Bitshares: B- and EOS: B-). Out of all the rating B+ was the higher rating and only obtained by Steem; Bitshares, EOS, Ethereum and NEO all tie for third place with a B-. Screenshot provided below and source of the update HERE
@markopaasila has released his first progress report for the recently approved worker proposal 'DEXBot - User Friendly Bitshares Market Making Software'. The first report outlines their commitments to the Bitshares stakeholders as well as their current progress and some screenshots of their MVP (still in development). You can find the report HERE
@Stan Larimer has done an interview with Daniel Rage on his show "Star Struck". You can find the video HERE. This interview is part of a 3 part series that has not been fully recorded at the time of posting this report. More information HERE
The Bitshares blockchain via the Reserve pool (Bitshares holder controlled pool of funds to be used for any approved worker proposal) is now actively funding 10 projects/proposals. It is great to see that the Bitshares holders overall are putting the future of the platform as a priority and approving these workers to expand Bitshares into a brighter tomorrow!.
RuDEX team released their first monthly witness report that encompasses their activities during year 2017; The team are planning to post them once a month so be sure to stay tuned to @blockchained for future reports.
Bitshares witness verbaltech2 has release his monthly witness report. You can find all the information HERE
This week PoloniEX has enabled Bitshares BTS deposits and withdraws again after having the wallet offline for a bit over a week without communication to the Bitshares Blockchain Foundation.
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 710037; an increase of 21204 wallets/accounts since last week
Smartcoin issuance chart showing weekly change since the start of 2017
Number of accounts holding BTS (off exchanges) over the past 14 weeks
Top rated Cryptocurrencies as reported by WeissRatings on the 2nd of February 2018
DEXBot - Work In Progress - Early preview of GUI - source
Lykke to list BTS and possibly smartcoins; BTS-BTC/USD/EUR - 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 | 2,608,163,596 |  409,803.00 | 0.02% |
| BTS Stealth | 287,492 | 34.00 | 0.01% |
| BTS in Open Orders (DEX - T250) | 8482438 | 1,289,933.00 | 13.10% |
| Reserve Pool | 992409558 |  -409,803.00 | -0.04% |
| RP Accumulated fees | 37401 | - | 0.00% |
| Collateral (top 250) backing Smartcoins | 414370935 | -128,183,251.00 | -24.84% |
| Top 100 Total | 1,166,649,421 | 77,211,982.00 | 7.02% |
| Top 100 - minus Exchanges | 415,889,871 | -49,131,556.00 | -12.01% |
| Exchanges | 750,759,550 | 126,343,538.00 | 18.30% |
| Non Exchanges | 1,857,404,046 | -125,933,735.00 | -6.57% |
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 |
|---|---|---|---|---|---|---|
| USDT | 0.1870233 | 0.18676208 | 156,431,061.84 | 29,215,390.13 | 60% | 241.5% |
| BTC | 0.00002838 | 0.18 | 76,907,152.98 | 14,085,134.30 | 29.7% | 8.4% |
| BITCNY | 1.05 | 0.18762857 | 16,038,589.60 | 3,009,297.70 | 6.2% | 129.1% |
| ETH | 0.00029189 | 0.18460747 | 8,617,854 | 1,590,920.15 | 3.3% | 24.5% |
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
- Joint Marketing Campaign of Exchanges WP
- 201710-spokesperson
- 201710-compliance
- BitShares Greater China Representative
- 201712-infrastructure
- DEXBot - User Friendly BitShares Market Making Software
- 201801-budget-chinese-translations
- Refund400k
Proposed Worker
- 2018-02-bitsharesui
- 201802-legal-bts
- 201802-documentation
- 2017-12-blockchainacademy
- Crypto-Solutions
- 201802-legal-bts
- 201802-bsip29
- 2018-02-bitsharesui
- 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 | 2,608,163,596 | 0.186 | 2,608,163,596 | $484,238,903.93 | 0.016% |
| BTS Stealth | 287,492 | 0.186 | 287,492 | $53,376.56 | 0.012% |
| Reserve Pool | 992,409,558 | 0.186 | 992,409,558 | $184,253,517.44 | -0.041% |
| Accumulated fees | 37,401 | 0.186 | 37,401 | $6,943.97 | 0.000% |
| BitUSD | 16,019,834 | 5.52 | 88,429,484 | $16,418,063.77 | -25.325% |
| BitCNY | 203,568,597 | 0.864 | 175,883,268 | $32,654,976.46 | -53.388% |
| BitEUR | 133,589 | 6.85 | 915,085 | $169,897.16 | -31.619% |
| BitBTC | 47.7 | 35,436 | 1,690,297 | $313,825.28 | 1.706% |
| BitGold | 194 | 7,321 | 1,420,274 | $263,692.02 | -22.400% |
| BitSilver | 21,948 | 91.8 | 2,014,826 | $374,078.27 | -1.957% |
| Ruble | 12,595,610 | 0.0955 | 1,202,881 | $223,330.18 | -28.991% |
| HERO | 1,776 | 890 | 1,580,640 | $293,466.02 | -18.569% |
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 | 5654 | 91 |
| bitshares-munich | 5448 | 20 |
| bituniverse | 4076 | 100 |
| compumatrix1 | 2570 | 14 |
| digital-nomad | 2424 | 16 |
| sdr | 2379 | 26 |
| jianjolly-0 | 1743 | 1 |
| cryptofresh | 1689 | 43 |
| magicw | 1564 | 53 |
| bcp2017 | 1183 | 6 |
| stormheart | 1146 | 0 |
| estefantt | 1056 | 26 |
| by24seven | 971 | 66 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| bitcrab | 69 | 86 | 176.9 | -149.3 |
| xeroc | 39 | 209 | 160.4 | 8.7 |
| openledger | 37 | 8622 | 146.9 | 22.4 |
| michaelx | 42 | 95 | 78.5 | 9.2 |
| still | 83 | 352 | 65.8 | 9.7 |
| blckchnd | 29 | 1528 | 53.7 | 6.3 |
| fav | 30 | 151 | 26.3 | 3.4 |
| abit | 50 | 754 | 26.1 | 4.6 |
| baozi | 30 | 60 | 24 | 8.8 |
| payger | 20 | 6 | 12.1 | -0.6 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 880.4 | -53.6 |
| abit | 866.1 | -52.7 |
| bhuz | 768.5 | -39.1 |
| xeroc | 744.4 | -57.7 |
| openledgerdc | 646.3 | -71.5 |
| bunkerchainlabs-com | 640.6 | -54.6 |
| witness.still | 623.7 | -64.6 |
| clayop | 561.7 | -53.9 |
| ebit | 475.3 | -14.6 |
| chris4210 | 463.2 | -82.3 |
| fav | 422.5 | -5.7 |
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 | 952.3 | 716 | 3 |
| 2 | bhuz 1.6.17 | 892.3 | 1580 | 1 |
| 3 | roelandp 1.6.74 | 878.1 | 33 | 1 |
| 4 | witness.yao 1.6.71 | 865.8 | 3564 | |
| 5 | witness.still 1.6.69 | 854.1 | 9209 | 8 |
| 6 | xn-delegate 1.6.59 | 843.5 | 2843 | 8 |
| 7 | delegate-1.lafona 1.6.28 | 798.3 | 4405 | 4 |
| 8 | xeldal 1.6.22 | 789.4 | 2266 | |
| 9 | delegate-zhaomu 1.6.98 | 782.7 | 11 | 2 |
| 10 | abc123 1.6.65 | 692.1 | 1283 | |
| 11 | xman 1.6.64 | 671.9 | 1669 | 2 |
| 12 | rnglab 1.6.45 | 655.4 | 2097 | 3 |
| 13 | openledger-dc 1.6.76 | 654.8 | 640 | 3 |
| 14 | crazybit 1.6.84 | 611.6 | 474 | 4 |
| 15 | delegate.freedom 1.6.63 | 608.3 | 4874 | 5 |
| 16 | elmato 1.6.20 | 604.5 | 4320 | 23 |
| 17 | verbaltech2 1.6.34 | 550.6 | 3904 | 38 |
| 18 | blckchnd 1.6.75 | 542.3 | 955 | 7 |
| 19 | fox 1.6.16 | 537.6 | 3625 | 5 |
| 20 | sahkan-bitshares 1.6.73 | 517.6 | 1196 | |
| 21 | delegate.ihashfury 1.6.26 | 507.9 | 870 | 1 |
| 22 | billbutler-witness 1.6.92 | 496.6 | 475 | 6 |
| 23 | bts-bitshares-argentina 1.6.33 | 473.9 | 29 | |
| 24 | delegate-clayop 1.6.27 | 472.3 | 5200 | |
| 25 | bitcrab 1.6.56 | 464.9 | 0 |
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 | - | 0.00% |
| 3 | poloniexwallet | 81,638,134 | 0 | 1,564,212.00 | 1.95% |
| 4 | binance-bitshares-gvbdb84k6h | 78,070,156 | 0 | 16,784,496.00 | 27.39% |
| 5 | zbbts | 70,437,730 | 0 | 49,284,681.00 | 232.99% |
| 6 | zbchubei01 | 60,000,090 | 0 | - | 0.00% |
| 7 | bitcc-bts-cold | 41,140,312 | 0 | -600,001.00 | -1.44% |
| 8 | bittrex-deposit | 24,648,209 | 0 | -584,367.00 | -2.32% |
| 9 | btschbtc | 17,000,984 | 0 | - | 0.00% |
| 10 | ranchorelaxo2017 | 16,978,285 | 0 | - | 0.00% |
| 11 | a2dcdf323a8a576... | 16,033,923 | 0 | 5,637,929.00 | 54.23% |
| 12 | jubi-bts | 14,591,906 | 0 | - | 0.00% |
| 13 | alexna64 | 12,143,695 | 0 | - | 0.00% |
| 14 | yun-bts | 11,392,953 | 0 | -105,573.00 | -0.92% |
| 15 | echocold1 | 11,097,651 | 0 | - | 0.00% |
| 16 | evan | 10,659,692 | 0 | - | 0.00% |
| 17 | getch-bts | 9,535,172 | 0 | - | 0.00% |
| 18 | graphene2015 | 9,227,264 | 0 | 138,997.00 | 1.53% |
| 19 | abc.btsbots | 9,025,540 | 0 | 8,025,540.00 | 802.55% |
| 20 | ibilitlan-scoltock | 8,673,958 | 0 | - | 0.00% |
| 21 | roje | 8,040,409 | 0 | - | 0.00% |
| 22 | cievia-waugaman | 7,990,214 | 0 | - | 0.00% |
| 23 | invictus | 7,494,364 | 0 | - | 0.00% |
| 24 | jiny2 | 7,438,984 | 0 | - | 0.00% |
| 25 | haeassa-granovsky | 7,431,931 | 0 | - | 0.00% |
| 26 | btercom | 7,050,208 | 0 | - | 0.00% |
| 27 | tel-911 | 7,000,020 | 0 | 6,000,020.00 | 600.00% |
| 28 | cass | 6,737,585 | 0 | - | 0.00% |
| 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 | tsuratsura-3557 | 6,390,852 | 0 | 1,515,851.00 | 31.09% |
| 33 | fericia-brick | 5,766,623 | 0 | - | 0.00% |
| 34 | btszhqxf | 5,734,712 | 0 | - | 0.00% |
| 35 | storj | 5,547,726 | 0 | - | 0.00% |
| 36 | the-ae | 5,529,056 | 0 | 4,244,932.00 | 330.57% |
| 37 | spring | 5,486,723 | 0 | - | 0.00% |
| 38 | hnnr8 | 5,460,998 | 0 | - | 0.00% |
| 39 | cadord-ozois | 5,423,173 | 0 | - | 0.00% |
| 40 | xhunter | 5,192,094 | 0 | - | 0.00% |
| 41 | jeraud-kanze | 5,172,698 | 0 | - | 0.00% |
| 42 | arbor4 | 5,008,537 | 0 | - | 0.00% |
| 43 | brother-john | 5,000,010 | 0 | 4,000,010.00 | 400.00% |
| 44 | anonymous | 4,985,557 | 0 | -3,000,000.00 | -37.57% |
| 45 | mr-wang | 4,856,959 | 1500005 | 1,516,281.00 | 45.39% |
| 46 | linhan | 4,824,094 | 0 | -1,000.00 | -0.02% |
| 47 | geravia-mackinnon | 4,777,691 | 0 | - | 0.00% |
| 48 | bitcoinindonesia | 4,485,792 | 0 | 324,890.00 | 7.81% |
| 49 | xgqing | 4,351,903 | 0 | - | 0.00% |
| 50 | btsxzzh2 | 4,348,432 | 0 | - | 0.00% |
| 51 | quonael-lievesley | 4,087,235 | 0 | - | 0.00% |
| 52 | coldstorage1 | 4,000,000 | 0 | - | 0.00% |
| 53 | oh-bts | 4,000,000 | 0 | - | 0.00% |
| 54 | super-bts | 3,999,990 | 0 | - | 0.00% |
| 55 | slim | 3,939,098 | 0 | - | 0.00% |
| 56 | wesley-waugaman | 3,921,027 | 0 | - | 0.00% |
| 57 | yoyow.team | 3,876,484 | 0 | 3,876,435.10 | 7927270.14% |
| 58 | serg | 3,867,349 | 0 | - | 0.00% |
| 59 | seer | 3,863,794 | 0 | 2,863,794.00 | 286.38% |
| 60 | goodc0re | 3,778,712 | 0 | 505.00 | 0.01% |
| 61 | bafohald-degeorge | 3,189,866 | 0 | - | 0.00% |
| 62 | scottmclane | 3,177,116 | 0 | - | 0.00% |
| 63 | bilbo-baggins | 3,151,030 | 0 | - | 0.00% |
| 64 | lao-wallet | 3,140,242 | 0 | - | 0.00% |
| 65 | tuki | 3,090,667 | 0 | 2,910,601.00 | 1616.41% |
| 66 | null-account | 3,011,947 | 0 | - | 0.00% |
| 67 | billion-hero-prize | 3,000,000 | 0 | - | 0.00% |
| 68 | onceuponatime | 2,946,166 | 125863 | -4,865,808.00 | -62.29% |
| 69 | makkiavelli1977 | 2,899,809 | 0 | 341,653.00 | 13.36% |
| 70 | livecoin-net | 2,899,022 | 0 | -111,568.00 | -3.71% |
| 71 | jackkang | 2,860,941 | 0 | - | 0.00% |
| 72 | koocaa | 2,781,355 | 0 | - | 0.00% |
| 73 | tong-xin | 2,772,166 | 0 | - | 0.00% |
| 74 | bunkerchainlabs-com | 2,764,728 | 0 | - | 0.00% |
| 75 | wjlsf | 2,671,651 | 784628 | 883,303.00 | 49.39% |
| 76 | bts-morning | 2,584,085 | 0 | -1,011,666.00 | -28.14% |
| 77 | hardfork2 | 2,545,413 | 0 | - | 0.00% |
| 78 | chainsquad | 2,528,014 | 0 | - | 0.00% |
| 79 | hodor | 2,509,880 | 0 | - | 0.00% |
| 80 | dark-angel | 2,505,777 | 0 | - | 0.00% |
| 81 | thread | 2,504,935 | 0 | - | 0.00% |
| 82 | bitspark-deposit | 2,483,276 | 0 | -52.00 | 0.00% |
| 83 | wackou | 2,416,743 | 0 | - | 0.00% |
| 84 | charlie-alpha-hotel | 2,391,456 | 0 | - | 0.00% |
| 85 | yinchg | 2,379,668 | 275000 | 1,379,668.00 | 137.97% |
| 86 | coinegg-main | 2,374,350 | 0 | -130,436.00 | -5.21% |
| 87 | aex-bts-deposit-wallet | 2,371,157 | 0 | 1,371,157.00 | 137.12% |
| 88 | sk | 2,365,009 | 0 | -100,000.00 | -4.06% |
| 89 | asdbii-bts | 2,361,998 | 0 | - | 0.00% |
| 90 | jaehyuk | 2,342,153 | 0 | 342,100.00 | 17.10% |
| 91 | spook | 2,296,849 | 0 | - | 0.00% |
| 92 | babydragon | 2,275,275 | 63352 | 396,986.00 | 21.14% |
| 93 | poloniex | 2,256,950 | 0 | - | 0.00% |
| 94 | nana-roseannadana | 2,209,986 | 0 | - | 0.00% |
| 95 | yvg1900 | 2,201,037 | 0 | - | 0.00% |
| 96 | kedaliwin-tefft | 2,192,433 | 0 | - | 0.00% |
| 97 | wayne-btsx | 2,190,912 | 0 | - | 0.00% |
| 98 | random123 | 2,185,847 | 0 | - | 0.00% |
| 99 | vikramatrest.... | 2,162,543 | 0 | - | 0.00% |
| 100 | talos | 2,161,539 | 0 | - | 0.00% |
Thanks for viewing :)
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