Welcome to the 22nd Bitshares State of the Network (BSotN) report. I will be releasing this report weekly to look at 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 - 14th February 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.
Alfredo Garcia (Bitshares core Dev) has made a lot of progress this week in relation to the Bitshares API adding calls and working towards reducing the amount of extra data that is delivered over the web socket allowing for mobile application and low bandwidth environments to be able to only receive the interesting data. Find the full update HERE
Bitshares has organically (via natural mean) been seen running Transaction Per Second of 13.3 operations per seconds / 40 transactions per block this week. You can monitor the chain in real time via stats.bitshares.eu. But i will include the captured image (which was shared on telegram) below this section.
(
) has an active worker proposal (see HERE) to support the development of new Bitshares tooling; Specifically 'Uptick', a python based command line tool providing easy interaction with the Bitshares blockchain. You may know Upticks Steem based equivalent 'Piston'; Uptick is to Bitshares what Piston is to Steem. A Critical part of this work will be developing a python based Bitshares library 'python-bitshares' which will also help future developers looking to develop their own tools. The other thing that makes with worker proposal interesting is it approach to worker pay; Xeroc has proposed a new style of worker see here which will use its worker pay (BTS) to buy at market or short into existence BitUSD via a separate Multi-sig account controlled by key community and committee members; this not only provides a stable rate of pay but increases the issuance and circulation of the Bitshares smartcoins.
BlockPay v.1.54 is available on the Google play store. This release features minor UI updates, Loyalty Points calculation updates and connectivity improvements. See the official announcement HERE
Bitshares user BitCrab has proposed an advertising worker proposal; He would like to advertise Bitshares on BTC8 which is the most popular blockchain website in China. For this proposal he is only looking for 1 BTC as he will pay the remain 1 BTC from his own pocket for this advertising. Advertising on 8BTC is 2 BTC p/month so the worker is looking to fund half the cost for 1 months advertising. This is a key time as the largest exchanges in China are having a hard time with the PBoC enforcing tougher regulations on their operation.
Christoph Hering (
) Co-Founder & CEO of Bitshares Munich has been busy tweeting out a storm, This week he has attended the opening of the House of Nakamoto; He is currently at the Merchant Payments Ecosystem conference providing live updates via his twitter feed @heringchristoph and has also announce that BlockPay is hiring; they are looking for a social media manager find out more about their position HERE
Episode 194 of the Beyond Bitcoin show has been and gone but the recording has just been published HERE. This week's hangout includes
,
from SteemKure,
from Esteem and
presenting MTGOTIX Announcement
Bitshares Testnet TPS test is still progressing with a growing number of testnet witnesses and other aspects moving forward nicely. If you would like to help out please start running a Bitshares node from the BitsharesEurope Github Page and reach out to the community via Telegram (BitsharesDEX) or on the Bitsharestalk forums.
Ronny Boesing from OpenLedger will be doing a live stream on youtube. Stream will start at 7PM CET and will be discussing 'Crowdfundung 3.0 Update' and can be found HERE
has outdone himself this week with an extra long weekly update relating to his works with BlockPay, C-IPFS, Smartcoins wallet and Bitshares Stealth. find his full report HERE
Bitshares stayed steady this week retaining 61st in Richtopia The 100 Most Influential Blockchain Companies
has been coding up a Beta Bitshares Wallet in Microsoft Excel, you can find his initial post regarding the development HERE and the latest update HERE. He also has another post with some nice gifs showing some functionality HERE
Thirsty Entertainment (
) have launched their official web site. Thirsty Entertainment's flagship product is Streams - A music streaming platform for the Steem blockchain. Thirsty Entertaiment will be utilizing the Steem and Bitshares blockchain to deliver their products and will be offering a chance for investors to get in on the action with a crowd sale running from the 1st or March to the 31st of March.
has released a budget forecast related to his asset: WANGCHANGE. see the finer details and catch up on the new HERE
has executed his 2nd Buyback on the asset: TASKMANAGER. A total of 347.292 STEEM where used to buyback 218.0596 TASKMANAGER. find out more HERE
The last asset registered this week is asset #1270 and it is named 'AUTOCAR' registered by 'ddd888' with no description.
Current registered wallets/accounts within the Bitshares network is 155140; an increase of 546 wallets/accounts since last week
Bitshares Main net hits 13 Transactions per second this week
Bitshares Twitter Stats
On a monthly basis 
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 | 2,582,460,348 |  756,793.00 | 0.03% |
| BTS Stealth | 266,837 | - | 0.0000% |
| BTS in Open Orders (DEX) | 46468068.35 | 1,016,193.01 | 2.24% |
| Reserve Pool | 1,018,114,827 |  -752,146.00 | -0.07% |
| RP Accumulated fees | 26,770 | -67.00 | -0.25% |
| Collateral (top 250) backing Smartcoins | 284657318 | -543,202.00 | -0.19% |
| Top 100 Total | 1,401,182,144 | 4,829,958.65 | 0.35% |
| Top 100 - minus Exchanges | 528,361,724 | -4,422,798.60 | -0.84% |
| Exchanges | 872,820,420 | 9,252,757.25 | 1.08% |
| Non Exchanges | 1,709,639,928 | -8,495,964.25 | -0.49% |
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 | 0.00000395 | 0.00401115 | 3,731,296.91 | 14,966.77 | 57.4648 | -68.81% |
| CNY | 0.02681204 | 0.00390641 | 2,761,887.84 | 10,789.06 | 42.5352 | -75.78% |
| EUR | 0.008 | 0.00836144 | 0 | 0 | 0 | |
| NXT | 1.099 | 0.00711708 | 0 | 0 | 0 | |
| USD | 0.0041841 | 0.0041841 | 0 | 0 | 0 |
Worker Proposals
This section will identify the current approved and pending worker proposals
Active Worker:
- Alfredo Garcia, Bitshares Core Dev
- Soledger - Vikram/Agent86 - Project administration & essential maintenance
- SVK - GUI Development
- Bitcrab - agree to increase witness payment to 3BTS/block
- Refund worker - returns unspent budget to the reserve pool
Proposed Worker
- Xeroc - Python-steem and uptick
- Bitcrab - Advertisement on 8btc.com
- Bitcrab - agree to increase witness payment to 4BTS/block
- Bitcrab - object to increase witness payment to 4BTS/block
- Chronos Crypto - for the creation of educational youtube videos
- 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, Open.BTC and Compuceeds
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 | 2,582,460,348 | 0.00396660 | 2,582,460,348 | $10,243,587.22 | 0.0294% |
| BTS Stealth | 266,837 | 0.00396660 | 266,837 | $1,058.44 | 0.00% |
| Reserve Pool | 1,018,114,827 | 0.00396660 | 1,018,114,827 | $4,038,454.27 | -0.0736% |
| Accumulated fees | 26,770 | 0.00396660 | 26,770 | $106.19 | -0.25% |
| BitUSD | 101,451 | 251.4 | 25,504,781 | $101,167.27 | 3.21% |
| BitCNY | 1,025,744 | 37.2 | 38,157,677 | $151,356.24 | -1.59% |
| BitEUR | 5,776 | 266.7 | 1,540,459 | $6,110.39 | -2.74% |
| BitBTC | 43.60 | 252,665 | 11,016,194 | $43,696.84 | -0.24% |
| BitGold | 10.22 | 309,690 | 3,165,032 | $12,554.42 | -0.08% |
| BitSilver | 1,220 | 4,502 | 5,492,440 | $21,786.31 | 7.59% |
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 | 2043 | 27 |
| compumatrix1 | 1635 | 0 |
| jianjolly-0 | 1375 | 147 |
| openledger | 514 | 0 |
| btsabc | 414 | 0 |
| fav | 326 | 2 |
| cryptofresh | 319 | 2 |
| gn1 | 230 | 2 |
| ccm2015 | 224 | 0 |
| cryptocurrency3 | 184 | 2 |
| by24seven | 165 | 4 |
| cat-ch | 119 | 0 |
| sdr | 103 | 2 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| xeroc | 37 | 148 | 188.6 | 1.3 |
| baozi | 20 | 65 | 92.7 | -4.3 |
| bitcrab | 34 | 21 | 89.2 | -1 |
| laomao | 35 | 3 | 42.4 | 0.1 |
| bitshares-munich-wallet | 9 | 10 | 25.7 | 0.3 |
| harvey | 50 | 5 | 22.4 | 0 |
| fav | 24 | 33 | 13.7 | -0.3 |
| bytemaster | 38 | 42 | 13.7 | -0.2 |
| jonnybitcoin | 30 | 11 | 13.6 | 0 |
| baicai | 50 | 4 | 10.5 | 0.5 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 617.1 | 0 |
| chris4210 | 553.7 | 0 |
| bhuz | 521.7 | 0 |
| abit | 481.1 | 0 |
| xeroc | 466.1 | 0 |
| clayop | 454.8 | 0 |
| bunkerchainlabs-com | 402.2 | 0 |
| dele-puppy | 384.2 | 0 |
| ebit | 347.7 | 0 |
| bitcube | 298.5 | 0 |
| harvey-xts | 185.1 | 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(include orders) | Orders | Change W/W | Change W/W % |
|---|---|---|---|---|---|
| 1 | bitcc-bts-cold | 366419067 | 0 | -3,000,003.04 | -0.81% |
| 2 | poloniexcoldstorage | 290001202.9 | 0 | - | 0.00% |
| 3 | poloniexwallet | 108752994.9 | 0 | 12,275,771.94 | 12.72% |
| 4 | yunbi-cold-wallet | 35003434.68 | 0 | - | 0.00% |
| 5 | pr1modiaprile | 24999291.42 | 0 | - | 0.00% |
| 6 | bittrex-deposit | 22535295.35 | 0 | 598,042.35 | 2.73% |
| 7 | btsx-bitshare | 19863402 | 0 | - | 0.00% |
| 8 | tsuratsura-3557 | 19040056.4 | 0 | -2.60 | 0.00% |
| 9 | btercom | 17049117.35 | 0 | - | 0.00% |
| 10 | alohacs | 16855553.92 | 0 | - | 0.00% |
| 11 | duecastori2014 | 16690060 | 2500000 | - | 0.00% |
| 12 | stan | 15834780.69 | 0 | - | 0.00% |
| 13 | evan | 12118147.13 | 0 | - | 0.00% |
| 14 | funnycat-air | 11456928.79 | 7222917.634 | - | 0.00% |
| 15 | cass | 11068344.41 | 0 | - | 0.00% |
| 16 | mcxcwbts | 10818456.61 | 0 | - | 0.00% |
| 17 | bitshares-munich-wallet | 10793282.48 | 0 | - | 0.00% |
| 18 | crypto-maniac | 10597469.97 | 0 | - | 0.00% |
| 19 | hnnr8 | 10471001.86 | 0 | - | 0.00% |
| 20 | invictus | 9815143.343 | 0 | - | 0.00% |
| 21 | jonnybitcoin | 9747755.083 | 0 | 16,230.08 | 0.17% |
| 22 | virtual-ventures | 9318077.011 | 0 | - | 0.00% |
| 23 | jiny2 | 9271910.108 | 0 | - | 0.00% |
| 24 | suyuekuangcheng666 | 8899393.782 | 6644200 | - | 0.00% |
| 25 | roje | 8850428.578 | 0 | - | 0.00% |
| 26 | coldstorage1 | 8300000 | 0 | 1,200,000.00 | 16.90% |
| 27 | cievia-waugaman | 7990212.251 | 0 | - | 0.00% |
| 28 | bc-godpay | 7563433.058 | 0 | - | 0.00% |
| 29 | yun-bts | 7479680.57 | 0 | 120,182.57 | 1.63% |
| 30 | abinia-rivard | 6550561.954 | 0 | - | 0.00% |
| 31 | ccedk.escrow2 | 6150297.763 | 0 | - | 0.00% |
| 32 | dev.bitsharesblocks | 6076180.715 | 1779077.834 | -374,065.29 | -5.80% |
| 33 | goldsix | 6050400.848 | 0 | - | 0.00% |
| 34 | ubris | 5999999.845 | 0 | - | 0.00% |
| 35 | fericia-brick | 5766621.727 | 0 | - | 0.00% |
| 36 | btszhqxf | 5734710.5 | 0 | - | 0.00% |
| 37 | miso69 | 5478227.737 | 0 | - | 0.00% |
| 38 | linhan | 5425093.721 | 0 | - | 0.00% |
| 39 | cadord-ozois | 5423172.409 | 0 | - | 0.00% |
| 40 | pay.xeroc | 5390381.602 | 0 | - | 0.00% |
| 41 | cissy | 5383923.483 | 10000 | - | 0.00% |
| 42 | bristolbay | 5325002.672 | 0 | - | 0.00% |
| 43 | xhunter | 5233237.27 | 0 | - | 0.00% |
| 44 | ironbank | 5144966.404 | 8000 | - | 0.00% |
| 45 | lzr1900 | 5119678.831 | 0 | - | 0.00% |
| 46 | laow | 5057707.821 | 0 | - | 0.00% |
| 47 | roland.sun | 5022491.809 | 0 | - | 0.00% |
| 48 | teiva | 4856562.395 | 1030000 | - | 0.00% |
| 49 | prebuffo1970 | 4834033.226 | 0 | - | 0.00% |
| 50 | cnfund | 4772192.652 | 0 | -40,367.35 | -0.84% |
| 51 | mybak | 4709246.334 | 0 | - | 0.00% |
| 52 | harvey | 4699122.046 | 35357.70909 | - | 0.00% |
| 53 | spring | 4582269.686 | 110000 | - | 0.00% |
| 54 | bts88 | 4527532 | 0 | - | 0.00% |
| 55 | impseu1 | 4432045.44 | 0 | - | 0.00% |
| 56 | onceuponatime | 4380463.732 | 0 | -70,405.27 | -1.58% |
| 57 | btsxzzh2 | 4348431.46 | 0 | - | 0.00% |
| 58 | ddd888 | 4246143.871 | 50000 | -13,568.13 | -0.32% |
| 59 | kimziv0 | 4136436.759 | 0 | - | 0.00% |
| 60 | stellar | 4118034.258 | 4637.1 | - | 0.00% |
| 61 | slim | 4100811.632 | 0 | - | 0.00% |
| 62 | lambda1 | 4047823.059 | 0 | - | 0.00% |
| 63 | bterdeposit | 3972538.997 | 0 | -353,604.00 | -8.17% |
| 64 | elendasa-benjamin | 3925769.873 | 0 | - | 0.00% |
| 65 | trans.bot | 3905655.718 | 646252.1456 | 1,134,594.72 | 40.94% |
| 66 | hermes3 | 3832194.901 | 0 | - | 0.00% |
| 67 | wys | 3706185.413 | 0 | - | 0.00% |
| 68 | jaehyuk | 3627054.385 | 0 | - | 0.00% |
| 69 | mike-primorac | 3479329.453 | 0 | - | 0.00% |
| 70 | koocaa | 3453196.418 | 0 | - | 0.00% |
| 71 | btsxcn | 3376400.917 | 0 | - | 0.00% |
| 72 | transres | 3364403.911 | 263123.2731 | 2,392,525.91 | 246.18% |
| 73 | tomo | 3336122.43 | 0 | - | 0.00% |
| 74 | tomotomo1 | 3332277.428 | 0 | - | 0.00% |
| 75 | ags | 3256677.911 | 0 | - | 0.00% |
| 76 | scottmclane | 3251127.476 | 0 | - | 0.00% |
| 77 | chryspano | 3200097.451 | 0 | - | 0.00% |
| 78 | bafohald-degeorge | 3189865.947 | 0 | - | 0.00% |
| 79 | sauron | 3159306.231 | 0 | - | 0.00% |
| 80 | bunkerchainlabs-com | 3076669.968 | 0 | - | 0.00% |
| 81 | bitgate-ico1 | 3040982.157 | 0 | - | 0.00% |
| 82 | null-account | 3011944.766 | 0 | - | 0.00% |
| 83 | profoot | 3000002.391 | 0 | - | 0.00% |
| 84 | bts-morning | 2987464.009 | 0 | - | 0.00% |
| 85 | anonym7 | 2972988.998 | 0 | - | 0.00% |
| 86 | sk | 2960066.895 | 0 | - | 0.00% |
| 87 | satoshi-pie | 2807841.191 | 0 | - | 0.00% |
| 88 | ccddd | 2800000 | 0 | - | 0.00% |
| 89 | mostar | 2751889.402 | 22900 | - | 0.00% |
| 90 | rand1 | 2586346.83 | 0 | - | 0.00% |
| 91 | bang-king | 2570420.185 | 0 | - | 0.00% |
| 92 | kan791 | 2569361.488 | 0 | - | 0.00% |
| 93 | dragongroup | 2549459.689 | 0 | - | 0.00% |
| 94 | hardfork2 | 2545413.479 | 0 | - | 0.00% |
| 95 | serg | 2515783.949 | 0 | - | 0.00% |
| 96 | dark-angel | 2508416.359 | 0 | - | 0.00% |
| 97 | thread | 2485990.228 | 0 | - | 0.00% |
| 98 | honey-badger | 2460432.312 | 1059000 | - | 0.00% |
| 99 | artemisa52 | 2460379.965 | 0 | - | 0.00% |
| 100 | koko | 2424357.243 | 0 | - | 0.00% |
Thanks for viewing :)
I value your feedback.
Is there something more you would like me to track in these reports? or do you have some information for the next BSoTN report? please let me know in the comments, on steemit.chat, in the 'BitsharesDEX' Telegram group or every Friday in the the BeyondBitcoin Hangouts.
I hope you enjoyed this report! :)
