Bitshares - State of the Network - 23rd October 2018

Welcome to the 106th 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 - 23rd October 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.

• Bittrex has noted in a recent support article "NOTE: We are no longer removing the BTS wallet at this time. Please refer to this article for more information: https://bittrex.zendesk.com/knowledge/articles/36000139964". I still personally recommend that anyone with BTS being held by Bittrex would be best to withdraw their balances. More information HERE

• BitSharesHub.io is now also available in Mandarin! All describtions and use cases have been translated and made available at https://bitshareshub.io/

• Graphene Blockchain Application Center is organizing an activity to translate important documents from English into Chinese. More information HERE

• @chris4210 has created a new BitShares tutorial video for the BitShares community. This new video will give you a breath introduction to What is BitShares? How does it work? And what you could build on top this Blockchain. More information HERE

• Stan, Michael, and the Quintric team are slated to speak at New York City Investments & Partnerships Meeting

• Payger announces the first WooCommerce Plugin for the BitShares Blockchain created by Payger. 40% of all online stores worldwide are using the WooCommerce Onlineshop system, millions of stores can now use the Payger Plugin to receive Bitcoin and other crypto currencies as payments! Payments with BitUSD, BitCNY are coming next. Check out the announcement at https://payger.com/blog/october-2018-newsletter/

• @blocktivity has released the latest composition of the Bit20 and Twentix cryptocurrency index fund. On the 21st day of every month, an algorithm runs that creates the new composition. You can find more details about the Bit20 composition HERE or the Twentix composition HERE

• BitUSD and BitCNY mathematically regulated, fully collateralized smartcoins not subject to the desires of any government, country or regulation. Long proven track record of being a trustless store of value pegged to depreciating fiat currencies. Based nowhere, available everywhere, anytime, censorship free, stable value assets on the Bitshares network since 2014. Every Bitshares smartcoin can be traded on an open market or 'settled' (redeemed) for its face value in collateral backing.

• 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

• Current registered wallets/accounts within the Bitshares network is 1106558; an increase of 4659 wallets/accounts since last week

Smartcoin issuance chart showing weekly change since the start of 2017

Number of accounts holding BTS (off exchanges)

@nomadicsoul has shared 'A Lil’ Bit of Art - My Bitshares Art Interpretation' - source

101 What is the BitShares Blockchain? - source

https://youtu.be/BHnST2QqJV8

Beyond Bitcoin - Bitshares Talk - source

https://youtu.be/wSSp9o0a9vI

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	2,667,435,426	2,043,405.00	0.08%
BTS Stealth	285,548	-	0.00%
BTS in Open Orders (DEX - T250)	12706464	-86,212.00	-0.68%
Reserve Pool	933137728	-2,043,405.00	-0.22%
Collateral (top 250) backing Smartcoins	466,214,142	-13,509,799.00	-2.89%
Top 100 Total	1,515,247,513	5,044,993.84	0.34%
Top 100 - minus Exchanges	758,599,675	-787,563.16	-0.11%
Exchanges	756,647,838	5,832,557.00	0.76%
Non Exchanges	1,910,787,588	-3,789,152.00	-0.20%

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.

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 Bridge.BTC, ESCODEX.BTC and CNY

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	2,667,435,426	0.0990	264,076,107	$264,076,107.17	0.077%
BTS Stealth	285,548	0.0990	28,269	$28,269.25	0.000%
Reserve Pool	933,137,728	0.0990	92,380,635	$92,380,635.07	-0.219%
BitUSD	10,853,217	9.25	100,392,257	$9,938,833.47	-1.652%
BitCNY	146,186,953	1.505	220,011,364	$21,781,125.06	-3.926%
BitEUR	79,880	11.68	932,998	$92,366.84	3.643%
BitBTC	44.9	65,436	2,938,076	$290,869.56	0.000%
BitGold	188.4	12,425	2,340,870	$231,746.13	-0.528%
BitSilver	21,736	149	3,234,317	$320,197.36	-0.115%
Ruble	6,535,568	0.1548	1,011,706	$100,158.89	0.828%
HERO	740	1,540	1,139,600	$112,820.40	0.000%

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.

Vote Proxies

This section will track the change in proxy voting

Account	Opinions	Followers	Weight (M)	Weight Change (M)
openledger	58	11236	141.6	2.4
xeroc	73	208	135	-0.3
michaelx	66	220	91.3	0
bitcrab	107	173	85.3	0.9
baozi	10	56	40	0
still	133	298	29.2	-0.8
abit	66	727	26.4	0.1
blckchnd	53	1673	19.7	0.1
fav	45	166	17.8	0
gghi	40	61	11.7	-2

Committee Members

This section will track shareholder approval of committee members

Account	Votes (M)	Votes Change (M)
bitcrab	691.6	28.2
clockwork	605.8	23.4
jademont	575.5	26.7
abit	568.6	14.3
bhuz	526.2	13.4
ebit	508.9	25.9
bunkerchainlabs-com	480.5	15.4
witness.still	453.7	-15.7
xeroc	447.8	10.6
johnr	420.6	16.8
openledgerdc	408.6	11.1

Active Witnesses

This section will track top 30 active witnesses and the changes in support

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