Welcome to the 27th 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 - 21st March 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.
Bitshares this week conducted a stress test on the public Bitshares testnet with amazing results; The test reached a maximum of 62,645 Operations inside a single Block 3 second block! that is 20881 Operations Per Second (Operations are changes to state and include transfers, market orders, votes, account updates ect..) and a maximum of 9,985 Transactions in a single Block! that's a staggering 3328 Transactions Per Second!! (transactions are a signed message that includes 1 or more operations). During the test period the network sustained 100-200 Transactions per second between coordinated tests as mentioned above. These are great results but the stress test team is not satisfied and will be pushing forward with upcoming tests in the near future.
Alfred Garcia (Bitshares Core Dev) has been focusing on Github issues this week and has closed a bunch of them; check out his progress HERE
has released a new Bitshares client (v. 2.0.170314) featuring updated UI design provided by
as well as some UX enhancements to make working with wallet a more intuitive and fluid experience; I Personally recommend checking it out as it looks amazing!. As well as the new design there has also been a lot of updates and fixes included as well - Checkout the latest updates HERE or download the latest version for your computer HERE - https://bitshares.org/wallet has also been updated with the latest updates.
Peerplays Jonathan Baha'i has announced this week that they are currently working on a promotional video that is expected to be released soon; they have also coordinating their global teams, building their sports betting application and a new website with a sport betting focus to capture their initial target market and ensure that customers are well informed and not overloaded by crypto currency related news and details which may not be of interest to the average punter. They have also announce that the testnet 'core' wallet will be released on the 7th of April; this being the core wallet it will only include account management features that PPY holders will user to work with their account, it will not include any gaming aspects of Peerplays. You can hear Jonathan's official update on the latest Beyond Bitcoin Hangout which you can find HERE
has release a new version of uptick (v 0.1.2). Uptick is python based command line tool for interfacing with the Bitshares network. you can find more details of the changes HERE or download the latest version HERE
has released his weekly update filled with news from a number of projects that Bitshares-Munich are working on (BlockPay, C-IPFS, Bitshares Stealth, Smartcoins Wallet). 5 out of 6 chains have been implemented into the smartcoins wallet and Bitshares Stealth (using ZKSnarks) seems to be coming along very nicely. Heaps of great updates can be found HERE
has published a witness report which can be found HERE
If you have been living under a rock; i will inform you that
(Daniel Larimer a.k.a Bytemaster) has resigned from Steemit. What does this mean for Bitshares? No idea but its nice to think that if Dan wanted to return to Bitshares the worker proposal system would be able to employee him as a developer on the platform in which he built. Imagine the pride in being hired by the community and paid by the blockchain which you built. Worst case Dan will be looking to 'build another ship' in which i'm sure the underlying technology would be Graphene; this would further strengthen the existing platforms built on the Grapehene technology.
OpenLedger is assisting with the crowd-sale of the new platform 'Internet of Coins' and their flagship asset 'HYBRID'. Internet of coins aims to be a digital wallet in which you can store you value from multiple platforms (Bitcoin/Omni, Ethereum, Bitshares, NEM, Waves, Counterparty, NXT) and with the use of their HYBRID asset (which trades on all platforms) will allow users to exchange value between different chains. Check out the platform HERE or watch the live stream from Openledger HERE
23 User Issued Assets (UIA's) have been registered this week with majority of the registrations being attributed to 2 user accounts (ddd888 and thedex). Of the 2 'thedex' has registered a number of cryptocurrency symbols such as MAID, USDT and ETH (note the 3 Letter UIA 'ETH' the rareist and most expensive UIA's on offer). You do not register 3 letter UIA's unless you have a business idea or some form of plan which could be used to recoup the costs. To give you an idea of the cost involved with registering such a premium asset; the cost at the time of writing for a lifetime member to register a 3 letter symbol is 234,821 BTS / $1264 USD
Today's snapshot of asset markets on the Bitshares DEX shows that the trading volume for the last 24 hour period is over a quarter of a Million dollars coming in at just under 300,000 USD
This weeks Bitshares hangout recording has been published and is availible HERE
This weeks Beyond Bitcoin hangout recording has been published. This week had talks from
you can find more details and last weeks recording HERE
Current registered wallets/accounts within the Bitshares network is 158112; an increase of 720 wallets/accounts since last week
The last asset registered this week is asset #1315 and it is named 'CCCCC' registered by 'ddd888' with the description 'CCCCC'.
Testnet Stresstest Results - stresstest started with the spike after timestamp 585,000
New Bitshares UI Welcome screen thanks to
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 | 2,590,118,248 |  1,521,284.00 | 0.06% |
| BTS Stealth | 266,837 | - | 0.00% |
| BTS in Open Orders (DEX) | 27,585,729.85 |  -9,982,953.02 | -26.57% |
| Reserve Pool | 1,010,462,827 | -1,521,284.00 | -0.15% |
| RP Accumulated fees | 27,416 | -2,562.00 | -8.55% |
| Collateral (top 250) backing Smartcoins | 349625488 | 22,456,870.00 | 6.86% |
| Top 100 Total | 1,376,590,926 | -15,577,129.41 | -1.12% |
| Top 100 - minus Exchanges | 542,331,014 | 15,475,181.78 | 2.94% |
| Exchanges | 834,259,912 | -31,052,311.19 | -3.59% |
| Non Exchanges | 1,755,858,336 | 32,573,595.19 | 1.89% |
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 (Investments in the platform via shareholder voted work) 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 | 0.00000525 | 0.01 | 129,704,518.56 | 753,849.71 | 6565.19% | 362.74% |
| CNY | 0.04055712 | 0.01 | 67,859,478.45 | 399,329.39 | 3434.81% | 199.20% |
| USD | 0.005 | 0.005 | 2 | 0.01 | 0 | |
| EUR | 0.00532986 | 0.00572827 | 0 | 0 | 0 | |
| NXT | 0.103 | 0.00072433 | 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
- Xeroc - Python-steem and uptick
- Advertisement on 8btc.com
Proposed Worker
- Chronos Crypto - for the creation of educational youtube videos
- Fund to pay dividendp/topic,22041.new.html#new)
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 USD, 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 | 2,590,118,248 | 0.00583699 | 2,590,118,248 | $15,118,494.31 | 0.0588% |
| BTS Stealth | 266,837 | 0.00583699 | 266,837 | $1,557.52 | 0.0000% |
| Reserve Pool | 1,010,462,827 | 0.00583699 | 1,010,462,827 | $5,898,061.42 | -0.1503% |
| Accumulated fees | 27,416 | 0.00583699 | 27,416 | $160.03 | -8.5463% |
| BitUSD | 228,349 | 174.8 | 39,915,405 | $232,985.82 | 22.3466% |
| BitCNY | 1,301,608 | 24.65 | 32,084,637 | $187,277.71 | 24.9397% |
| BitEUR | 6,587 | 189 | 1,244,943 | $7,266.72 | -4.2448% |
| BitBTC | 41.8 | 189,775 | 7,932,595 | $46,302.48 | 6.3613% |
| BitGold | 10.2 | 213,913 | 2,181,913 | $12,735.80 | 4.0816% |
| BitSilver | 1,583 | 3,043 | 4,817,069 | $28,117.18 | 7.4678% |
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 | 2305 | 69 |
| jianjolly-0 | 1660 | 52 |
| compumatrix1 | 1636 | 1 |
| openledger | 514 | 0 |
| btsabc | 447 | 9 |
| fav | 344 | 6 |
| cryptofresh | 331 | 5 |
| gn1 | 238 | 5 |
| ccm2015 | 226 | 2 |
| cryptocurrency3 | 187 | 1 |
| by24seven | 174 | 5 |
| steem-trail | 137 | 18 |
| sdr | 123 | 3 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| xeroc | 33 | 165 | 250.2 | 23.1 |
| bitcrab | 56 | 24 | 127.8 | 17.9 |
| baozi | 19 | 66 | 87.9 | 3.3 |
| laomao | 35 | 3 | 43.6 | -6.8 |
| bitshares-munich-wallet | 9 | 12 | 28.4 | 2 |
| harvey | 57 | 5 | 22.4 | 0 |
| jonnybitcoin | 33 | 15 | 15.5 | 1.6 |
| fav | 13 | 36 | 13.9 | 0.2 |
| bytemaster | 38 | 41 | 14.7 | 3.2 |
| baicai | 49 | 4 | 10.6 | -0.1 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 661.6 | 52.2 |
| chris4210 | 607.5 | 55.1 |
| bhuz | 579.1 | 57.8 |
| xeroc | 520.6 | 56.1 |
| clayop | 520.1 | 58.8 |
| abit | 513.2 | 38.5 |
| bunkerchainlabs-com | 448.1 | 55.2 |
| ebit | 348.4 | 16.2 |
| harvey-xts | 202.6 | 12.2 |
| bitcube | 110.5 | -188.1 |
| fav | 190.4 | 0.4 |
Active Witnesses
This section will track active witnesses and the changes in support
| Rank | Witness | Votes | Missed |
|---|---|---|---|
| 1 | in.abit 1.6.35 | 728.4M | 131 |
| 2 | abc123 1.6.65 | 702.8M | 828 |
| 3 | bhuz 1.6.17 | 694.6M | 1092 |
| 4 | wackou 1.6.18 | 687.7M | 1269 |
| 5 | delegate.baozi 1.6.37 | 687.4M | 937 |
| 6 | verbaltech2 1.6.34 | 673.1M | 1190 |
| 7 | witness.yao 1.6.71 | 665.0M | 1174 |
| 8 | rnglab 1.6.45 | 656.7M | 1254 |
| 9 | xman 1.6.64 | 649.7M | 1104 |
| 10 | jerryliu 1.6.72 | 638.0M | 2738 |
| 11 | xn-delegate 1.6.59 | 625.3M | 2283 |
| 12 | delegate-clayop 1.6.27 | 607.2M | 2592 |
| 13 | witness.still 1.6.69 | 592.5M | 6824 |
| 14 | fox 1.6.16 | 586.7M | 2884 |
| 15 | xeldal 1.6.22 | 533.4M | 864 |
| 16 | datasecuritynode 1.6.49 | 507.3M | 1517 |
| 17 | roadscape 1.6.13 | 499.7M | 1374 |
| 18 | delegate.ihashfury 1.6.26 | 439.0M | 858 |
| 19 | delegate.freedom 1.6.63 | 385.1M | 3561 |
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 | 301419042.5 | 0 | -45,000,013.87 | -12.99% |
| 2 | poloniexcoldstorage | 290001202.9 | 0 | - | 0.00% |
| 3 | poloniexwallet | 152760896.2 | 0 | 76,018,990.97 | 99.06% |
| 4 | yunbi-cold-wallet | 35003434.68 | 0 | - | 0.00% |
| 5 | pr1modiaprile | 24999291.42 | 0 | - | 0.00% |
| 6 | bittrex-deposit | 21887415.89 | 0 | 38,257.04 | 0.18% |
| 7 | stan | 19377606.39 | 0 | 2,242,830.70 | 13.09% |
| 8 | btercom | 17049117.35 | 0 | - | 0.00% |
| 9 | alohacs | 16855553.92 | 0 | - | 0.00% |
| 10 | tsuratsura-3557 | 16655195.67 | 0 | 1,749,331.15 | 11.74% |
| 11 | bitshares-munich-wallet | 13058169.17 | 0 | 2,264,790.30 | 20.98% |
| 12 | evan | 12118147.13 | 0 | - | 0.00% |
| 13 | tkoba99 | 11199822.85 | 1558.846 | 11,199,822.85 | New to T1000 |
| 14 | cass | 11068343.65 | 0 | -0.76 | 0.00% |
| 15 | mcxcwbts | 10818456.61 | 0 | - | 0.00% |
| 16 | crypto-maniac | 10613394.97 | 0 | 15,925.00 | 0.15% |
| 17 | hnnr8 | 10471001.86 | 0 | - | 0.00% |
| 18 | jonnybitcoin | 10355871.82 | 0 | 355,861.31 | 3.56% |
| 19 | invictus | 9815143.343 | 0 | - | 0.00% |
| 20 | virtual-ventures | 9318077.011 | 0 | - | 0.00% |
| 21 | funnycat-air | 9308118.578 | 9305000 | -1,503,689.60 | -13.91% |
| 22 | jiny2 | 9263139.165 | 0 | - | 0.00% |
| 23 | roje | 8850428.578 | 0 | - | 0.00% |
| 24 | ibilitlan-scoltock | 8673958.411 | 0 | - | 0.00% |
| 25 | yun-bts | 8659596.177 | 0 | -6,778,658.01 | -43.91% |
| 26 | coldstorage1 | 8300000 | 0 | - | 0.00% |
| 27 | comp6 | 8144300.712 | 0 | 2,894,147.99 | 55.13% |
| 28 | cievia-waugaman | 7990212.251 | 0 | - | 0.00% |
| 29 | bc-godpay | 7563433.058 | 0 | - | 0.00% |
| 30 | haeassa-granovsky | 7431930.353 | 0 | - | 0.00% |
| 31 | abinia-rivard | 6550561.954 | 0 | - | 0.00% |
| 32 | goldsix | 6050400.848 | 0 | - | 0.00% |
| 33 | ubris | 5999999.845 | 0 | - | 0.00% |
| 34 | dev.bitsharesblocks | 5804511.786 | 794522.0451 | -1,736,262.52 | -23.02% |
| 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 | 5390378.805 | 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 | jeraud-kanze | 5172697.487 | 0 | - | 0.00% |
| 45 | ccedk.escrow2 | 5150294.966 | 0 | - | 0.00% |
| 46 | ironbank | 5144966.404 | 8000 | - | 0.00% |
| 47 | lzr1900 | 5125200.878 | 0 | 37,706.86 | 0.74% |
| 48 | laow | 5057707.821 | 0 | - | 0.00% |
| 49 | roland.sun | 5022491.809 | 0 | - | 0.00% |
| 50 | prebuffo1970 | 4834033.476 | 0 | 0.25 | 0.00% |
| 51 | geravia-mackinnon | 4777689.635 | 0 | - | 0.00% |
| 52 | mybak | 4709246.334 | 0 | - | 0.00% |
| 53 | harvey | 4699119.737 | 34839.54 | -0.01 | 0.00% |
| 54 | spring | 4673511.803 | 110000 | -0.15 | 0.00% |
| 55 | satoshi-pie | 4622790.181 | 0 | - | 0.00% |
| 56 | bts88 | 4527532 | 0 | - | 0.00% |
| 57 | onceuponatime | 4462117.83 | 0 | 271,837.25 | 6.49% |
| 58 | impseu1 | 4432045.44 | 0 | - | 0.00% |
| 59 | teiva | 4423898.412 | 177336.0167 | -852,663.98 | -16.16% |
| 60 | btsxzzh2 | 4348431.46 | 0 | - | 0.00% |
| 61 | kimziv0 | 4176436.172 | 0 | -0.44 | 0.00% |
| 62 | slim | 4153504.029 | 0 | 52,692.40 | 1.28% |
| 63 | stellar | 4118034.258 | 4637.1 | - | 0.00% |
| 64 | quonael-lievesley | 4087235.19 | 0 | - | 0.00% |
| 65 | bitcc-bts-withdrawal | 4064145.941 | 0 | -878,629.27 | -17.78% |
| 66 | elendasa-benjamin | 3925769.873 | 0 | - | 0.00% |
| 67 | wesley-waugaman | 3921027.341 | 0 | - | 0.00% |
| 68 | aboy | 3919281.369 | 0 | 3,452,144.64 | 739.00% |
| 69 | hermes3 | 3832194.901 | 0 | - | 0.00% |
| 70 | wys | 3706185.413 | 0 | - | 0.00% |
| 71 | jaehyuk | 3627054.385 | 0 | - | 0.00% |
| 72 | laplap5 | 3493800.179 | 0 | 720,465.83 | 25.98% |
| 73 | bts-morning | 3491846.009 | 0 | - | 0.00% |
| 74 | mike-primorac | 3479329.453 | 0 | - | 0.00% |
| 75 | koocaa | 3453196.418 | 0 | - | 0.00% |
| 76 | nethyb | 3442787.375 | 0 | 3,442,787.38 | New to T1000 |
| 77 | enki | 3428460.854 | 89953.10196 | 872,163.72 | 34.12% |
| 78 | blocktrades | 3415060.307 | 6677.33872 | -401,928.42 | -10.53% |
| 79 | cnfund | 3390261.03 | 242317.5676 | -1,165,876.82 | -25.59% |
| 80 | tomotomo1 | 3332277.428 | 0 | - | 0.00% |
| 81 | trans.bot | 3318067.002 | 774190.0602 | -1,899,069.68 | -36.40% |
| 82 | ags | 3256677.911 | 0 | - | 0.00% |
| 83 | scottmclane | 3251127.476 | 0 | - | 0.00% |
| 84 | tyrone-shoelaces | 3233062.134 | 0 | - | 0.00% |
| 85 | chryspano | 3200097.451 | 0 | - | 0.00% |
| 86 | bafohald-degeorge | 3189865.947 | 0 | - | 0.00% |
| 87 | bunkerchainlabs-com | 3076668.779 | 0 | - | 0.00% |
| 88 | bitgate-ico1 | 3040926.067 | 0 | - | 0.00% |
| 89 | null-account | 3011944.766 | 0 | - | 0.00% |
| 90 | anonym7 | 2972988.998 | 0 | - | 0.00% |
| 91 | profoot | 2949982.108 | 0 | - | 0.00% |
| 92 | ccddd | 2800000 | 0 | - | 0.00% |
| 93 | mostar | 2751889.402 | 22900 | - | 0.00% |
| 94 | wildman-capital | 2700031.459 | 135650.2481 | 2,607,537.37 | 2819.14% |
| 95 | sk | 2681288.12 | 0 | 231,226.77 | 9.44% |
| 96 | douglasriese1994 | 2642911.206 | 0 | - | 0.00% |
| 97 | rand1 | 2586346.83 | 0 | - | 0.00% |
| 98 | bang-king | 2570419.946 | 0 | - | 0.00% |
| 99 | kan791 | 2569361.488 | 0 | - | 0.00% |
| 100 | dragongroup | 2549459.689 | 0 | - | 0.00% |
PROMO / BONUS Codes - Bonus 2% on investment
If you are looking to buy into these ICO please find the codes below that will get you a bonus 2% on check out
Centz - Promocode: getcentz
Apptrade - Promocode: getapptrade
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! :)
