Welcome to the 18th 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 - 17th January 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.
has launched a Pre ICO for their upcoming Digital Currency Gateway in Norway, This will act as a gateway for Norwegians to convert fiat currencies into Digital currencies and will be integrated with the Bitshares network utilizing core and Open.Asset tokens for their service; this is one of many business opportunities they are chasing longer term. The Pre ICO Bitgate coins will represent 5% of the bitgate platform and owners of the token will receive dividends from all future profits. For more information see the official announcement HERE
Bitshares Core Dev - Bitshares-Munich has kindly sponsored a worker proposal for Alfredo Garcia for the role of Bitshares Core Developer; the proposal is that Bitshares Munich will pay 50% and the Bitshares network will pay 50% of the salary, Alfredo has been working with the team at Bitshares Munich on their wide array of Bitshares/Graphene products. Find the official proposal HERE
has releases a pre-release of the new Bitshares light wallet (Version: 2.0.170116-rc1), this release include a large amount of updates and bug fixes including improved order matching and market data processing, Blocktrades internal conversion feature, upgraded libraries, improved layout for workers and much more; check out the change notes on Github HERE
have announced some important information relating to the official Peerplays ICO; The Peerplays crowdfund will begin on 26th-FEBRUARY-2017 AT 15:00 UTC. Find the official announcement HERE
Christoph Hering (
) Co-Founder & CEO of Bitshares Munich has announced on the Beyond Bitcoin Hangout that Blockpay S will be submitted to the app store this week, Chris has also mentioned that he and some of the Blockpay ambassadors are attending Anarchapulco 2017 and Blockpay will be being used and demonstrated to attendees, also the Blockpay.ch website has had some update focused on providing easier access to information such as News, Roadmap and others. Also mentioned is the blockpay expansion into eastern europe as well as India and South Korea via the ambassadors program. Listen to Chris at the Beyond Bitcoin Hangout HERE
has created a great youtube instructional video called 'How to create BitUSD', you can find the video HERE
Christoph Hering (
Increased block rewards - Recently the forum and chatrooms have been bursting with conversations relating to increasing the pay pre block for witnesses on the Bitshares network; currently witnesses are being paid 1.5 BTS per block; discussions are suggesting increasing the block reward to between 3-8BTS per block. There is an active discussion and a poll that can be found HERE
Centz has extended their Pre ICO to the 13th of February, with the official ICO starting on the 14th of February. For further details on the product and current offerings visit centz.net
Apptrade and BitKapital have both attended their first beyond bitcoin hangout and it was a very informative session from both Daniel and Jian. Listen to the Recordings for BitKapital or Apptrade
Bitshares hangout hosted by Christoph Hering (
Bitshares User 'enter' (famous for registering thousands of seemingly randon accounts) has registered hte Bitshares asset 'SEX' on the blockchain, This 3 letter asset is a premium asset as a such comes are a premium price (otherwise all 3 letter names would get name squatted). The $800 price tag paid for this asset should confirm to everyone that 'enter' is not just squatting but working towards some greater goal. 'enter' has also registered the following asset this week: HONEY, JEWEL, BREAD, HORSE, DEMON, BIBLE, MAGIC, SEXTV and SEXAV
The last asset registered this week is asset #1258 and it is named 'SEX' registered by 'enter' with no description.
Current registered wallets/accounts within the Bitshares network is 153173; an increase of 493 wallets/accounts since last week
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 | 2,579,531,327 |  545,490.00 | 0.0212% |
| BTS Stealth | 265,479 | - | 0.00% |
| BTS in Open Orders (DEX) | 45672636.18 | 516,373.78 | 1.14% |
| Reserve Pool | 1021043476 |  -545,489.00 | -0.0534% |
| RP Accumulated fees | 25,095 | -921.00 | -3.54% |
| Collateral (top 250) backing Smartcoins | 278078997 | 4,625,674.00 | 1.69% |
| Top 100 Total | 1,380,748,809 | 1,234,530.28 | 0.09% |
| Top 100 - minus Exchanges | 537,220,710 | -1,887,258.85 | -0.35% |
| Exchanges | 843,528,099 | 3,121,789.13 | 0.37% |
| Non Exchanges | 1,736,003,228 | -2,576,299.13 | -0.15% |
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 | 0.00000439 | 0.00389389 | 15,757,025.81 | 61,356.09 | 77.3586 | 44.59% |
| CNY | 0.0266206 | 0.00387993 | 4,611,777.61 | 17,893.38 | 22.6414 | -54.39% |
| USD | 0.00956005 | 0.00956005 | 10.46 | 0.1 | 0.0001 | |
| EUR | 0.008 | 0.00836144 | 0 | 0 | 0 | |
| NXT | 1.099 | 0.00711708 | 0 | 0 | 0 |
Worker Proposals
This section will identify the current approved and pending worker proposals
Active Worker:
- Soledger - Vikram/Agent86 - Project administration & essential maintenance
- SVK - GUI Development
- Refund worker - returns unspent budget to the reserve pool
Proposed Worker
- Alfredo Garcia, Bitshares Core Dev
- 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 Cryptoceeds, CNY 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 | 2,579,531,327 | 0.00389073 | 2,579,531,327 | $10,036,259.92 | 0.0212% |
| BTS Stealth | 265,479 | 0.00389073 | 265,479 | $1,032.91 | 0.00% |
| Reserve Pool | 1,021,043,476 | 0.00389073 | 1,021,043,476 | $3,972,604.48 | -0.0533% |
| Accumulated fees | 25,095 | 0.00389073 | 25,095 | $97.64 | -3.42% |
| BitUSD | 97,369 | 260 | 25,315,940 | $98,497.49 | 2.00% |
| BitCNY | 919,607 | 37.7 | 34,669,184 | $134,888.43 | -1.94% |
| BitEUR | 5,921 | 278 | 1,646,038 | $6,404.29 | 1.57% |
| BitBTC | 44.90 | 229,863 | 10,320,849 | $40,155.64 | 4.59% |
| BitGold | 10.20 | 315,927 | 3,222,455 | $12,537.70 | 4.39% |
| BitSilver | 1,148.00 | 4,435 | 5,091,380 | $19,809.18 | 6.07% |
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 | 1910 | 25 |
| compumatrix1 | 1635 | 0 |
| jianjolly-0 | 824 | 87 |
| openledger | 514 | 0 |
| btsabc | 395 | 1 |
| fav | 320 | 0 |
| cryptofresh | 309 | 7 |
| ccm2015 | 223 | 0 |
| gn1 | 222 | 0 |
| cryptocurrency3 | 177 | 1 |
| by24seven | 153 | 2 |
| cat-ch | 119 | 0 |
| ebit | 94 | 0 |
| sdr | 78 | 0 |
| kc007 | 74 | 0 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| xeroc | 35 | 148 | 187 | -1.8 |
| baozi | 19 | 63 | 93 | 1.4 |
| bitcrab | 51 | 20 | 87.6 | -1.4 |
| laomao | 39 | 4 | 45.9 | -0.5 |
| bitshares-munich-wallet | 8 | 6 | 23.1 | 2.3 |
| harvey | 50 | 5 | 22.4 | 0 |
| fav | 23 | 32 | 14.3 | 0 |
| bytemaster | 38 | 41 | 14.2 | -1.1 |
| yao | 26 | 34 | 13.7 | 0.5 |
| jonnybitcoin | 28 | 12 | 12.7 | 2 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 620.5 | 2 |
| bhuz | 521.9 | 6 |
| abit | 490.5 | -1.1 |
| xeroc | 466.7 | -1.1 |
| clayop | 461.1 | 4.3 |
| dele-puppy | 407.2 | -16.3 |
| bitcube | 396 | -2.8 |
| chris4210 | 356 | -8.5 |
| ebit | 347.6 | 2.3 |
| bunkerchainlabs-com | 327.8 | 0.2 |
| harvey-xts | 194.6 | -0.2 |
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 | 369419069.6 | 0 | - | 0.00% |
| 2 | poloniexcoldstorage | 290001202.9 | 0 | - | 0.00% |
| 3 | poloniexwallet | 83015096.48 | 0 | -4,000,632.38 | -4.60% |
| 4 | yunbi-cold-wallet | 35003434.68 | 0 | - | 0.00% |
| 5 | pr1modiaprile | 24999291.42 | 0 | - | 0.00% |
| 6 | bittrex-deposit | 20339903.28 | 0 | 29,233.06 | 0.14% |
| 7 | btsx-bitshare | 19863401 | 0 | 1.00 | 0.00% |
| 8 | tsuratsura-3557 | 19040059.37 | 0 | - | 0.00% |
| 9 | btercom | 17049117.35 | 0 | - | 0.00% |
| 10 | alohacs | 16855553.92 | 0 | - | 0.00% |
| 11 | duecastori2014 | 16056319.54 | 0 | - | 0.00% |
| 12 | stan | 15834788.33 | 0 | - | 0.00% |
| 13 | evan | 12118147.13 | 0 | - | 0.00% |
| 14 | funnycat-air | 11092392.23 | 10787140 | -11.62 | 0.00% |
| 15 | cass | 11068374.6 | 0 | - | 0.00% |
| 16 | mcxcwbts | 10818456.61 | 0 | - | 0.00% |
| 17 | bitshares-munich-wallet | 10713293.53 | 0 | 2,364,971.02 | 28.33% |
| 18 | crypto-maniac | 10597469.97 | 0 | - | 0.00% |
| 19 | hnnr8 | 10471001.86 | 0 | - | 0.00% |
| 20 | invictus | 9815143.343 | 0 | -640,046.62 | -6.12% |
| 21 | virtual-ventures | 9318077.011 | 0 | - | 0.00% |
| 22 | jiny2 | 9297002.608 | 25092.5 | -0.29 | 0.00% |
| 23 | suyuekuangcheng666 | 8899394.368 | 6644200 | - | 0.00% |
| 24 | roje | 8850428.578 | 0 | - | 0.00% |
| 25 | jonnybitcoin | 8402904.82 | 0 | -597,092.46 | -6.63% |
| 26 | cievia-waugaman | 7990212.567 | 0 | - | 0.00% |
| 27 | ccedk.escrow2 | 7850300.559 | 0 | - | 0.00% |
| 28 | bc-godpay | 7563433.058 | 0 | - | 0.00% |
| 29 | yun-bts | 7093187.453 | 0 | 125,327.17 | 1.80% |
| 30 | abinia-rivard | 6550561.954 | 0 | - | 0.00% |
| 31 | coldstorage1 | 6400000 | 0 | - | 0.00% |
| 32 | goldsix | 6050400.848 | 0 | - | 0.00% |
| 33 | ubris | 5999999.845 | 0 | - | 0.00% |
| 34 | fericia-brick | 5766621.727 | 0 | - | 0.00% |
| 35 | btszhqxf | 5734710.5 | 0 | - | 0.00% |
| 36 | miso69 | 5478227.737 | 0 | - | 0.00% |
| 37 | linhan | 5425093.721 | 0 | - | 0.00% |
| 38 | cadord-ozois | 5423172.409 | 0 | - | 0.00% |
| 39 | dev.bitsharesblocks | 5408873.002 | 1064522.017 | - | 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 | crypto123 | 5228803.808 | 0 | - | 0.00% |
| 45 | ironbank | 5144966.404 | 8000 | - | 0.00% |
| 46 | laow | 5057707.821 | 0 | - | 0.00% |
| 47 | roland.sun | 5022491.809 | 0 | - | 0.00% |
| 48 | cnfund | 4852705.897 | 0 | -37,886.61 | -0.77% |
| 49 | prebuffo1970 | 4834033.226 | 0 | - | 0.00% |
| 50 | mybak | 4709246.334 | 0 | - | 0.00% |
| 51 | harvey | 4699122.046 | 35357.70909 | -881.94 | -0.02% |
| 52 | bterdeposit | 4673912.9 | 0 | -202,524.29 | -4.15% |
| 53 | spring | 4582269.686 | 110000 | - | 0.00% |
| 54 | baozi | 4549574.796 | 0 | 1,529,607.25 | 50.65% |
| 55 | bts88 | 4527532 | 0 | - | 0.00% |
| 56 | impseu1 | 4432045.44 | 0 | - | 0.00% |
| 57 | btsxzzh2 | 4348431.46 | 0 | - | 0.00% |
| 58 | bitcc-bts | 4335050.733 | 0 | 746,967.06 | 20.82% |
| 59 | ddd888 | 4259712.48 | 50000 | -74,817.09 | -1.73% |
| 60 | stellar | 4118034.258 | 4637.1 | - | 0.00% |
| 61 | slim | 4100811.632 | 0 | - | 0.00% |
| 62 | kimziv0 | 4062839.259 | 0 | - | 0.00% |
| 63 | lambda1 | 4047823.059 | 0 | - | 0.00% |
| 64 | elendasa-benjamin | 3925769.873 | 0 | - | 0.00% |
| 65 | lzr1900 | 3897252.906 | 0 | -3,687.05 | -0.09% |
| 66 | hermes3 | 3832194.901 | 0 | - | 0.00% |
| 67 | freehawk | 3811954.361 | 0 | - | 0.00% |
| 68 | bitgate-ico1 | 3796865.358 | 0 | 3,796,864.36 | New to T1000 |
| 69 | enki | 3780382.556 | 89700 | 1,983,526.07 | 110.39% |
| 70 | wys | 3706185.413 | 0 | - | 0.00% |
| 71 | teiva | 3701592.769 | 0 | -0.59 | 0.00% |
| 72 | jaehyuk | 3627054.384 | 0 | - | 0.00% |
| 73 | bunkerchainlabs-com | 3576673.917 | 0 | -200,003.93 | -5.30% |
| 74 | mike-primorac | 3479329.453 | 0 | - | 0.00% |
| 75 | koocaa | 3453196.418 | 0 | - | 0.00% |
| 76 | btsxcn | 3376400.917 | 0 | - | 0.00% |
| 77 | tomo | 3336122.43 | 0 | -17,656.11 | -0.53% |
| 78 | tomotomo1 | 3332277.428 | 0 | - | 0.00% |
| 79 | ags | 3256677.911 | 0 | - | 0.00% |
| 80 | scottmclane | 3251127.476 | 0 | - | 0.00% |
| 81 | chryspano | 3200097.451 | 0 | - | 0.00% |
| 82 | bafohald-degeorge | 3189865.947 | 0 | - | 0.00% |
| 83 | kencode | 3177240.207 | 0 | -46,874.47 | -1.45% |
| 84 | sauron | 3138969.719 | 0 | - | 0.00% |
| 85 | trans.bot | 3086893.308 | 475586 | -110,643.33 | -3.46% |
| 86 | transres | 3074055.606 | 263123.2731 | -3.09 | 0.00% |
| 87 | agamer | 3022267.937 | 0 | - | 0.00% |
| 88 | null-account | 3011942.766 | 0 | - | 0.00% |
| 89 | onceuponatime | 3005772.484 | 0 | 40,804.10 | 1.38% |
| 90 | profoot | 3000002.391 | 0 | - | 0.00% |
| 91 | bts-morning | 2987464.008 | 0 | 1,005,104.00 | 50.70% |
| 92 | anonym7 | 2972988.998 | 0 | - | 0.00% |
| 93 | sk | 2960066.895 | 0 | - | 0.00% |
| 94 | graphene2015 | 2900478.363 | 317162.9585 | -30,996.97 | -1.06% |
| 95 | satoshi-pie | 2807843.833 | 0 | - | 0.00% |
| 96 | ccddd | 2800000 | 0 | - | 0.00% |
| 97 | bang-king | 2770422.826 | 0 | -0.32 | 0.00% |
| 98 | mostar | 2751889.402 | 22900 | - | 0.00% |
| 99 | rand1 | 2586346.83 | 0 | - | 0.00% |
| 100 | kan791 | 2569361.488 | 0 | - | 0.00% |
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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! :)
