Welcome to the 62nd 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 - 22nd November 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.
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The Bitshares foundation has release an announcement this week announcing that Bitshares (BTS) has been listed on the 'Binance Exchange'. You can see the announcement HERE or trade the market HERE
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@billbutler has announced the release of a new version of the Bitshares reference wallet (v2.0.171121). This sprint has had 25 items closed by 8 separate developer who are being paid by the Bitshares blockchain as part of the Bitshares-GUI worker proposal. This release has seen the introduction of a 24 hour % change field in the portfolio page as well as a fully rewritten currency bridge provided by Blocktrades. This bridge allows a simple interface for new users to buy BTS with other supported currencies without the need to involve a centralized exchange. Find the full details from this release HERE
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Bitspark.io CEO George Harrap talks with Ashe Whitener about why they are switching their established remittance business from Bitcoin to Bitshares. This is a great interview that really shows the value of Bitshares and Market Pegged Assets to a business which requires the ability to transfer money from one local currency to another without the need to prefund bank accounts all around the world. The Bitshares network is allowing this business to expand globally for without the price tag. You can find more details of the interview HERE
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@Michaelx Taggart has spoken at the Latin American Blockchain Forum earlier this month. His 2x 45 minute sessions covered Bitshares, Steem and EOS and were spread out over 2 days with an audience including University students, investors, bankers and government officials. Sadly the videos have not been made public yet but i will share them as soon as possible.
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@Dan Larimer has written a great article defending Delegated Proof of Stake in particular the 'delegated' nature of the blockchains using DPOS and the claim that such technologies create overloads. The comparisons are made against DPOS on POW and it is definitely well worth the read. You can find the article HERE
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PoloniEX's Bitshares wallet still disabled. Annemieke Dirkes reached out to PoloniEX's Tristan D'Agosta but at this stage the reason for the wallet being disabled are still unknown. See the announcement from the Bitshares Foundation HERE
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Discussions between the Bitshares Foundation, Bittrex and their legal counsel have concluded and the Bitshares Foundation is now waiting for the final results and is hopeful to be able to share the statement with the community soon. More details HERE
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@ash has managed to take ownership of the 'BTSX' subreddit. He thought that it might be useful option if we decide to rebrand in the future. You can find more details HERE
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The Bitspark team has released their 3rd update in the Zephyr series with continued development of the Sendy UI in progress, IBAN for Pakistan, Zendesk Integration, upcoming announcements at IMTC (International Money Transfer & Payments Conferences) as well as a potential new enterprise customer in early discussions. Full details and more HERE
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The Bitshares committee members have voted to change the force settlement rate of BitShares bitCNY from current 99% down to 95%. The forced settlement option parameter will now look to cover margin called positions deeper in the order books. You can find more information and the discussions leading up to the change HERE
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@Stan Larimer and Dylan Howard have done an interview with Kerry Cassidy from Project Camelot. The interview covers a wide range of topics and despite only being a few days old has already attracted over 7000 views. You can get more details and watch the interview HERE
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Last weeks Bitshares hangout ran into some trouble with the record. The following statement has been made in response. 'Due to a recording bot malfunction during our new hangouts, the recording was lost. We will work hard to ensure this does not happen again and we apologize for the inconvenience. We also greatly appreciate your patience in the matter and look forward to seeing you next week!'
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Current registered wallets/accounts within the Bitshares network is 468796; an increase of 6905 wallets/accounts since last week
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The last asset registered this week is asset #2392 and it is named 'EASYDEX' registered by 'easy-dex' with the description 'Profit sharing token for the EasyDex Company. Holders of this token will receive regular sharedrops equal to 50% of the crypto tokens acquired through fees for use of our services and referral fees. www.easydex.net'.
Smartcoin issuance chart showing weekly change since the start of 2017
Bitshares Referance wallet - 'My Portfolio' screen now with 24H % Change
Simple In-Wallet currency bridge
"There are PoloniEX wallet issues" - At least their hot wallet isn't just empty this time round
Why did Bitspark.io CEO switch from Bitcoin to Bitshares for Global Remittance? - Great Interview!
https://youtu.be/-t8SQLp9Bbc
@Stan Larimer and Dylan Howard with Kerry Cassidy from Project Camelot
https://youtu.be/ijHYFRJoj88
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 | 2,602,356,733 |  387,710.00 |
0.01% |
| BTS Stealth | 287,477 | 67.00 |
0.02% |
| BTS in Open Orders (DEX - T250) | 12096655.83 | 1,692,636.00 |
16.27% |
| Reserve Pool | 998,216,222 |  -387,710.00 |
-0.04% |
| RP Accumulated fees | 191,379 | 1,086.00 |
0.57% |
| Collateral (top 250) backing Smartcoins | 423318610 | -7,228,468.00 |
-1.68% |
| Top 100 Total | 1,194,387,740 | -5,606,000.00 |
-0.47% |
| Top 100 - minus Exchanges | 491,836,069 | 15,992,192.00 |
3.36% |
| Exchanges | 702,551,671 | -21,598,192.00 |
-2.98% |
| Non Exchanges | 1,899,805,062 | 21,985,902.00 |
1.17% |
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 | 0.00001458 | 0.11929833 | 86,076,962.34 | 10,268,838.21 | 69.9% | 275.1% |
| USDT | 0.1448 | 0.14 | 37,055,615.00 | 5,363,560.66 | 30.1% | First week USDT |
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
- 201710-spokesperson
- BitShares Greater China Representative
- Refund400k
Proposed Worker
- Joint Marketing Campaign of Exchanges WP
- Abit - Core Developer - 201712~201803
- 201712-infrastructure
- 201710-compliance
- Soledger - Vikram/Agent86 - Project administration & essential maintenance
- Fund to pay dividend
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 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 | 2,602,356,733 | 0.127 | 2,602,356,733 | $331,019,776.44 | 0.015% |
| BTS Stealth | 287,477 | 0.127 | 287,477 | $36,567.07 | 0.023% |
| Reserve Pool | 998,216,222 | 0.127 | 998,216,222 | $126,973,103.44 | -0.039% |
| Accumulated fees | 191,379 | 0.127 | 191,379 | $24,343.41 | 0.571% |
| BitUSD | 4,797,203 | 6.92 | 33,196,645 | $4,797,203.00 | 18.445% |
| BitCNY | 65,390,429 | 1.043 | 68,202,217 | $8,675,322.06 | 35.811% |
| BitEUR | 78,793 | 8.12 | 639,799 | $81,382.45 | 30.835% |
| BitBTC | 52 | 56,712 | 2,949,024 | $375,115.85 | 4.628% |
| BitGold | 90 | 10078 | 907,020 | $115,372.94 | 0.000% |
| BitSilver | 8,820 | 133.7 | 1,179,234 | $149,998.56 | 0.000% |
| Ruble | 2,701,516 | 0.1162 | 313,916 | $39,930.14 | 18.635% |
| HERO | 1,586 | 1,108 | 1,757,288 | $223,527.03 | 59.718% |
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 | 5313 | 15 |
| btsabc | 4637 | 114 |
| compumatrix1 | 2465 | 36 |
| sdr | 2367 | 24 |
| digital-nomad | 2149 | 13 |
| jianjolly-0 | 1743 | 1 |
| bituniverse | 1564 | 210 |
| stormheart | 1145 | 0 |
| cryptofresh | 1047 | 38 |
| xeroc | 900 | 64 |
| magicw | 794 | 220 |
| ebit | 788 | 16 |
| fav | 698 | 21 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| xeroc | 31 | 214 | 232.5 | 6.1 |
| bitcrab | 66 | 74 | 212.3 | -1 |
| still | 10 | 201 | 87 | 22.8 |
| baozi | 23 | 69 | 55.2 | -5.2 |
| fav | 22 | 128 | 39.2 | -0.7 |
| laomao | 35 | 4 | 28.9 | -2.3 |
| blckchnd | 22 | 730 | 24.4 | -0.2 |
| abit | 41 | 463 | 17 | -0.7 |
| bitshares-munich-wallet | 19 | 23 | 14.5 | 0 |
| openledger | 2 | 1082 | 12.8 | 2.9 |
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 | 839.4 |
705 | |
| 2 | witness.yao 1.6.71 |
757.6 |
3552 | 1 |
| 3 | openledger-dc 1.6.76 |
754.1 |
591 | 1 |
| 4 | bhuz 1.6.17 |
749 |
1566 | |
| 5 | witness.still 1.6.69 |
(https://cdn-payscale.com/images/researchcenter/delta-green.png) 746.2 | 9113 | 2 |
| 6 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) xn-delegate 1.6.59 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) 727.6 | 2817 | |
| 7 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) roelandp 1.6.74 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) 695.5 | 27 | |
| 8 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) blckchnd 1.6.75 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) 692.3 | 899 | 1 |
| 9 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) rnglab 1.6.45 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) 686.8 | 2057 | |
| 10 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) sahkan-bitshares 1.6.73 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) 674.5 | 890 | 1 |
| 11 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) crazybit 1.6.84 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) 668 | 452 | 1 |
| 12 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) delegate-1.lafona 1.6.28 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) 648.9 | 2809 | 1 |
| 13 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) xeldal 1.6.22 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) 626.1 | 2253 | 1 |
| 14 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) abc123 1.6.65 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) 549.7 | 1272 | 1 |
| 15 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) delegate.baozi 1.6.37 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) 534.3 | 1470 | |
| 16 | (https://cdn-payscale.com/images/researchcenter/delta-red.png) wackou 1.6.18 | (https://cdn-payscale.com/images/researchcenter/delta-red.png) 514.1 | 1842 | 2 |
| 17 | (https://cdn-payscale.com/images/researchcenter/delta-red.png) verbaltech2 1.6.34 | (https://cdn-payscale.com/images/researchcenter/delta-red.png) 513.8 | 3816 | 767 |
| 18 | xman 1.6.64 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) 512.2 | 1640 | 2 |
| 19 | delegate.freedom 1.6.63 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) 468.7 | 4860 | 1 |
| 20 | delegate.ihashfury 1.6.26 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) 439.3 | 869 | |
| 21 | (https://cdn-payscale.com/images/researchcenter/delta-red.png) elmato 1.6.20 | (https://cdn-payscale.com/images/researchcenter/delta-red.png) 432.7 | 4269 | |
| 22 | (https://cdn-payscale.com/images/researchcenter/delta-red.png) fox 1.6.16 | (https://cdn-payscale.com/images/researchcenter/delta-red.png) 392.5 | 3608 | |
| 23 | (https://cdn-payscale.com/images/researchcenter/delta-red.png) mr.agsexplorer 1.6.24 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) 383 | 5725 | |
| 24 | delegate-clayop 1.6.27 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) 322.1 | 4842 | |
| 25 | (https://cdn-payscale.com/images/researchcenter/delta-red.png) cyrano 1.6.21 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) 320.9 | 3539 |
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 | poloniexwallet | 228,235,160 | 0 | 9,756.00 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) 0.00% |
| 3 | bitcc-bts-cold | 94,042,350 | 0 | -19,150,002.00 | (https://cdn-payscale.com/images/researchcenter/delta-red.png) -16.92% |
| 4 | bittrex-deposit | 61,873,260 | 0 | -2,580,458.00 | (https://cdn-payscale.com/images/researchcenter/delta-red.png) -4.00% |
| 5 | zbbts | 41,851,273 | 0 | 12,497,534.00 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) 42.58% |
| 6 | yun-bts | 28,880,662 | 0 | -2,259,704.00 | (https://cdn-payscale.com/images/researchcenter/delta-red.png) -7.26% |
| 7 | btschbtc | 28,000,988 | 0 | - | 0.00% |
| 8 | jubi-bts | 24,635,816 | 0 | -1,050,904.00 | (https://cdn-payscale.com/images/researchcenter/delta-red.png) -4.09% |
| 9 | stan | 15,217,620 | 0 | - | 0.00% |
| 10 | abc.btsbots | 14,500,045 | 25000 | -500,001.00 | (https://cdn-payscale.com/images/researchcenter/delta-red.png) -3.33% |
| 11 | echocold1 | 12,847,656 | 0 | - | 0.00% |
| 12 | alexna64 | 12,143,695 | 0 | - | 0.00% |
| 13 | evan | 10,659,692 | 0 | - | 0.00% |
| 14 | jy2017 | 9,750,520 | 0 | - | 0.00% |
| 15 | getch-bts | 9,533,359 | 0 | - | 0.00% |
| 16 | virtual-ventures | 9,318,078 | 0 | - | 0.00% |
| 17 | roje | 8,850,419 | 0 | - | 0.00% |
| 18 | ibilitlan-scoltock | 8,673,958 | 0 | - | 0.00% |
| 19 | cievia-waugaman | 7,990,213 | 0 | - | 0.00% |
| 20 | graphene2015 | 7,744,451 | 0 | - | 0.00% |
| 21 | bts-subscribe | 7,575,120 | 268715 | 7,394,354.00 | (https://cdn-payscale.com/images/researchcenter/delta-green.png) 4090.57% |
| 22 | invictus | 7,494,364 | 0 | - | 0.00% |
| 23 | a2dcdf323a8a576408f62604b17a8a52 | 7,465,914 | 0 | -691,775.00 | ![](https://cdn-payscale.com/images/researchcenter/delta- |