Welcome to the 36th 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 May 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.
Smartcoin valuation has nearly DOUBLED this week going from $3,087,553.11 to $6,038,027.12. The main increase occurred in the BitCNY asset which seen a 135% increase in supply this week. increasing supply in crypto is generally a bad thing but it is quite the opposite in Bitshares as each USD or smartcoins is backed by at least $1.75 USD of Bitshares. This decreases the liquid supply of Bitshares and adoption of smartcoins forces the per share price of Bitshares higher which provides great leverage for the reserve pool and worker proposals creating a positive feedback loop
The HERO smartcoin has started trading and i have started tracking its progress in these reports. Currently it only has $5,000 USD supply but has only just achieved the need prices feeds to become active this week. Congrats to Stan and the team. This asset is an exciting asset that could bring great value to mainstream society. If you would like to learn more about the HERO you can visit hero.global or check out the recent post from Stan HERE. I have also included a concept logo for the coin below this section. Stan has also mentioned a giveaway of a HEROassist token at the upcoming CRS show in Hollyworld allow attendees to redeem their token for 1 hour of consulting time with a Bitshares Hero who can assist them to create their very own asset to start their new venture.
Dan Larimer has done an introduction of EOS at consensus NYC. There is a lot of buzz around the new platform and they even had billboard advertising in Time Square. You can watch Dan's talk thank to
HERE
This week
will be talking at CRS in Hollywood for the 'Startup Hollywood' event. This promises to be a speculator event with some big name Hollywood star that already seem to be supporting the Bitshares ideals. Stan has mentioned he also has some exciting dinner dates lined up so keep an eye on his blog for more information about what transpires this weekend. Be sure to follow
has released Whaleshares in a Beta phase. Whaleshares will allow Steem whales to attribute their voting power to tokens on the Bitshares network. These tokens can then be distributed to users of Steem (Who will require a Bitshares account ;). Once in possession of these tokens users will be able to use these tokens to upvote/downvote Steem and Golos posts via sending the tokens to the whale. Tools such as whaleshares.net will help users in this process. Whaleshares a being distributed at the moment to speaker in the Beyond Bitcoin Show; In future i am sure their will be other mean to get your hands on these tokens but as mentioned the platform is still in testing at the moment. I personally think this is a great project and will have huge benefits for Bitshares, Steem and Golos.
has published the makeup of the Cryptocurrency index fund 'Bit20'. Every month on the 20th day an algorithm generates a composition for the index fund based on the top 20 cryptocurrencies and some index rules. This asset provides a diversified portfolio for investors that are bullish on cryptocurrencies in general without need to pick the latest flavour of the month. you can find out more and see the latest composition HERE
Chinese Blockchain Company, ViewFin Inks Deal with Denmark’s OpenLedger. “ViewFin is one of the leading blockchain companies in China, and we are confident that we will achieve more in our future cooperation. It is a great honor to work with a company which is so greatly respected and regarded in their home country. Together we will build something that is special and unique, and we will take the blockchain by storm.” you can read the full story HERE
Ronny Boesing from OpenLedger (OL) mentioned on telegram this week 'From June OpenLedger will be offering all users to sign up using airbitz password single sign on solution helping you always to access to password and access to your account. It is a 1 usd cost per user waived and paid by OL'
has stumbled across some Bitshares Munich carbon wallet UI images that surfaced on uplabs.com. I have posted the gif below this section. you can find the original source HERE
Yoyow has launched a crowd-sale this week; tokens were distributed to a number of sources and sold out in a very short time frame. Yoyow (You Own Your Own Words) is a User generated content platform initially focusing on the Chinese market and should have positive results for the Bitshares eco system. The team from Yoyow is made up from a number Chinese Bitshares core members and superstars of the community. It will launch on a Graphene chain and they already have a demo application that you can play around with. Find out more details HERE or listen to
introduction HERE
have completed their crowdfund this week reaching tier 3. They did not completely raise their goal and as such as per their initial bulletin any unsold PPY will be burned/unminted. Witness operations are underway with people registering their interest by joining the
channel in telegram.
cryptonomex has entered the top 100 this week with a fresh batch of BTS sourced from blocktrades.
11632 new account registered this week! average week is roughly 2-3000 accounts so this is roughly 4x higher than a standard week.
is doing a weekly market update and token give away; Check out his post and vote on your favorite asset HERE, if you leave you Bitshares username in the comment you may even be one of the lucky recipients of the token giveaway.
This weeks Bitshares hangout recording has been published and is available HERE
Current registered wallets/accounts within the Bitshares network is 183790; an increase of 11632 wallets/accounts since last week
The last asset registered this week is asset #1388 and it is named 'OPEN.ETP' registered by 'openledger-wallet' with the description 'OpenLedger Entropy-backed asset - https://openledger.info/' - This is ViewFin's asset.
Ronny taking China by Storm
Bitshares new record 680,000 Transaction in 1 day! (7.87 TPS)
HERO Coin
Top Cryptocurrencies by Transactions Per Day thanks to Bill Butler
Massive increase in smartcoin supply this week
Is this the UI of the upcoming Carbon mobile wallet Bitshares Munich..
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 | 2,601,670,199 |  650,297.00 | 0.03% |
| BTS Stealth | 266,872 | - | 0.00% |
| BTS in Open Orders (DEX) | 15051771.62 | - | 0.00% |
| Reserve Pool | 998,904,693 |  -650,297.00 | -0.07% |
| RP Accumulated fees | 6,763 | -2,994.00 | -30.69% |
| Collateral (top 250) backing Smartcoins | 398813562.6 | -9,270,949.40 | -2.27% |
| Top 100 Total | 1,454,837,898 | 35,272,554.81 | 2.48% |
| Top 100 - minus Exchanges | 519,644,036 | 6,257,579.21 | 1.22% |
| Exchanges | 935,193,862 | 29,014,975.60 | 3.20% |
| Non Exchanges | 1,666,476,337 | -28,364,678.60 | -1.67% |
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 |
|---|---|---|---|---|---|---|
| CNY | 0.68 | 0.10 | 117,611,495.59 | 11,594,611.10 | 52% | 98.6% |
| BTC | 0.00004079 | 0.09315388 | 108,026,741.59 | 10,063,110.57 | 48% | 18.9% |
| EUR | 0.08 | 0.09217672 | 0 | 0.00 | 0% | |
| WAVES | 0.05 | 0.0919263 | 0 | 0.00 | 0% | |
| USD | 0.0813471 | 0.0813471 | 0 | 0.00 | 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
Proposed Worker
- 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 BTS, 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 | 2,601,670,199 | 0.09774916 | 2,601,670,199 | $254,311,076.55 | 0.0250% |
| BTS Stealth | 266,872 | 0.09774916 | 266,872 | $26,086.51 | 0.0000% |
| Reserve Pool | 998,904,693 | 0.09774916 | 998,904,693 | $97,642,094.66 | -0.0651% |
| Accumulated fees | 6,763 | 0.09774916 | 6,763 | $661.08 | -30.6857% |
| BitUSD | 1,381,176 | 10.67 | 14,737,148 | $1,381,176.00 | 30.1969% |
| BitCNY | 28,675,828 | 1.516 | 43,472,555 | $4,249,405.76 | 135.8564% |
| BitEUR | 74,559 | 12.02 | 896,199 | $87,602.72 | -30.7060% |
| BitBTC | 75.1 | 23,230 | 1,744,573 | $170,530.55 | 34.1071% |
| BitGold | 32 | 13,332 | 426,624 | $41,702.14 | 27.4900% |
| BitSilver | 4,281 | 180 | 770,580 | $75,323.55 | 24.4477% |
| Ruble | 1,714,946 | 0.1926 | 330,299 | $32,286.41 | 295.2682% |
| HERO | 29.86 | 1,712 | 51,120 | $4,996.97 | 0.0000% |
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 | 3033 | 147 |
| compumatrix1 | 2220 | 16 |
| jianjolly-0 | 1743 | 0 |
| btsabc | 790 | 117 |
| openledger | 514 | 0 |
| fav | 366 | 6 |
| cryptofresh | 358 | 13 |
| sdr | 282 | 50 |
| gn1 | 275 | 19 |
| cryptocurrency3 | 268 | 62 |
| ccm2015 | 241 | 8 |
| by24seven | 195 | 6 |
| xiangxn | 186 | 8 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| xeroc | 36 | 161 | 238.7 | -7.8 |
| bitcrab | 64 | 27 | 232.3 | 4.4 |
| laomao | 35 | 4 | 99.6 | 32.2 |
| baozi | 29 | 66 | 60.7 | 3 |
| bitshares-munich-wallet | 15 | 14 | 23.4 | -2.9 |
| fav | 16 | 48 | 17.4 | 0.2 |
| yao | 33 | 35 | 14.2 | 1.6 |
| btsabc | 59 | 21 | 13.3 | -8.2 |
| abit | 41 | 307 | 11.9 | -0.1 |
| dahu | 21 | 1 | 8.9 | -0.1 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 800.8 | 9.5 |
| abit | 759.2 | 13.8 |
| bhuz | 728.7 | 22 |
| chris4210 | 701 | 63.6 |
| xeroc | 661.3 | -74.4 |
| clayop | 644.8 | -0.9 |
| bunkerchainlabs-com | 600 | 5.8 |
| ebit | 443 | 105.9 |
| openledgerdc | 415.9 | -24.1 |
| harvey-xts | 387.6 | 5.5 |
| fav | 319 | 2 |
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 | 811.6 | 310 | |
| 2 | verbaltech2 1.6.34 | 799.9 | 1214 | 3 |
| 3 | bhuz 1.6.17 | 798 | 1099 | |
| 4 | fox 1.6.16 | 796.4 | 2908 | |
| 5 | witness.yao 1.6.71 | 784.4 | 3139 | 19 |
| 6 | wackou 1.6.18 | 784 | 1276 | 2 |
| 7 | rnglab 1.6.45 | 768.7 | 1341 | |
| 8 | xman 1.6.64 | 761.7 | 1158 | 2 |
| 9 | delegate.baozi 1.6.37 | 756.8 | 1026 | 1 |
| 10 | jerryliu 1.6.72 | 753.5 | 5289 | |
| 11 | xn-delegate 1.6.59 | 715.9 | 2294 | 3 |
| 12 | witness.still 1.6.69 | 709.6 | 8338 | 7 |
| 13 | roelandp 1.6.74 | 655.9 | 2 | 1 |
| 14 | openledger-dc 1.6.76 | 650.2 | 11 | 7 |
| 15 | xeldal 1.6.22 | 649.9 | 1180 | |
| 16 | blckchnd 1.6.75 | 612.7 | 91 | 40 |
| 17 | sahkan-bitshares 1.6.73 | 594.5 | 152 | |
| 18 | abc123 1.6.65 | 551.1 | 851 | 1 |
| 19 | delegate-1.lafona 1.6.28 | 548.2 | 681 | |
| 20 | harvey-xts 1.6.23 | 539.1 | 5127 | |
| 21 | elmato 1.6.20 | 520.3 | 3009 | |
| 22 | spartako 1.6.15 | 511.9 | 978 | 7 |
| 23 | delegate.freedom 1.6.63 | 506.4 | 3582 | 3 |
| 24 | mr.agsexplorer 1.6.24 | 475 | 1304 | |
| 25 | delegate.ihashfury 1.6.26 | 471 | 869 |
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 | 290001203 | 0 | - | 0.00% |
| 2 | bitcc-bts-cold | 186419016 | 0 | -10,000,001.57 | -5.09% |
| 3 | poloniexwallet | 139422564 | 0 | 5,763,843.17 | 4.31% |
| 4 | yunbi-granary | 100000000 | 0 | 100,000,000.00 | New to T1000 |
| 5 | bittrex-deposit | 58013125 | 0 | 10,715,271.31 | 22.65% |
| 6 | yunbi-cold-wallet | 49994976 | 0 | 14,991,541.32 | 42.83% |
| 7 | yun-bts | 46627837 | 0 | -117,085,041.62 | -71.52% |
| 8 | bitcc-bts | 27096801 | 0 | 16,343,379.94 | 151.98% |
| 9 | aloha | 20634549 | 0 | -18,012.25 | -0.09% |
| 10 | stan | 20618874 | 0 | - | 0.00% |
| 11 | bterdeposit | 17611922 | 0 | 6,020,068.61 | 51.93% |
| 12 | bitshares-munich-wallet | 15941245 | 0 | -3,989,117.54 | -20.02% |
| 13 | bts-19800 | 15576792 | 0 | 15,576,792.00 | New to T1000 |
| 14 | btercom | 13049112 | 0 | - | 0.00% |
| 15 | tsuratsura-3557 | 12269993 | 0 | 2,965,117.36 | 31.87% |
| 16 | cass | 11440166 | 0 | - | 0.00% |
| 17 | abit | 11323146 | 10000 | -20,094.30 | -0.18% |
| 18 | mcxcwbts | 10940709 | 0 | - | 0.00% |
| 19 | evan | 10659692 | 0 | -1,457,446.51 | -12.03% |
| 20 | crypto-maniac | 10613397 | 0 | - | 0.00% |
| 21 | hnnr8 | 10471002 | 0 | - | 0.00% |
| 22 | jiny2 | 9521640 | 0 | 77,999.94 | 0.83% |
| 23 | virtual-ventures | 9318078 | 0 | - | 0.00% |
| 24 | trans.bot | 9143257 | 0 | 4,494,619.16 | 96.69% |
| 25 | roje | 8850430 | 0 | - | 0.00% |
| 26 | invictus | 8815143 | 0 | - | 0.00% |
| 27 | ibilitlan-scoltock | 8673958 | 0 | - | 0.00% |
| 28 | graphene2015 | 8237551 | 0 | -257,486.22 | -3.03% |
| 29 | linanjun | 8207342 | 77004 | 4,528,823.33 | 123.12% |
| 30 | anonymous | 8040603 | 45000 | 7,031,436.33 | 696.76% |
| 31 | cievia-waugaman | 7990213 | 0 | - | 0.00% |
| 32 | haeassa-granovsky | 7431931 | 0 | - | 0.00% |
| 33 | alexna64 | 7263382 | 0 | 1,393,393.06 | 23.74% |
| 34 | bitcc-bts-withdrawal | 6957306 | 0 | 6,299,553.99 | 957.74% |
| 35 | comp6 | 6737597 | 0 | -856,660.82 | -11.28% |
| 36 | onceuponatime | 6676519 | 0 | 225,630.54 | 3.50% |
| 37 | abinia-rivard | 6550563 | 0 | - | 0.00% |
| 38 | keebler-kahn | 6500770 | 0 | - | 0.00% |
| 39 | coldstorage1 | 6499999 | 0 | -500,000.92 | -7.14% |
| 40 | multisig-worker-2017-01 | 6401110 | 0 | 2,044,590.47 | 46.93% |
| 41 | bc-godpay | 6255218 | 9 | -959,658.91 | -13.30% |
| 42 | millibit53 | 6234726 | 0 | - | 0.00% |
| 43 | fericia-brick | 5766623 | 0 | - | 0.00% |
| 44 | btszhqxf | 5734712 | 0 | - | 0.00% |
| 45 | bts-morning | 5677113 | 0 | 304,272.99 | 5.66% |
| 46 | dev.bitsharesblocks | 5638893 | 750000 | - | 0.00% |
| 47 | linhan | 5425095 | 0 | - | 0.00% |
| 48 | cadord-ozois | 5423173 | 0 | - | 0.00% |
| 49 | pay.xeroc | 5390365 | 0 | -394,790.85 | -6.82% |
| 50 | cryptonomex | 5385629 | 0 | 4,699,471.86 | 684.90% |
| 51 | spring | 5365474 | 0 | - | 0.00% |
| 52 | bristolbay | 5324999 | 0 | -4.67 | 0.00% |
| 53 | xhunter | 5233238 | 0 | - | 0.00% |
| 54 | jeraud-kanze | 5172698 | 0 | - | 0.00% |
| 55 | brother-john | 5074573 | 0 | 3,548,713.02 | 232.57% |
| 56 | prebuffo1970 | 5001826 | 0 | -1,509,150.20 | -23.18% |
| 57 | laow | 4937707 | 0 | -120,001.82 | -2.37% |
| 58 | synergy3 | 4806769 | 0 | -371,002.32 | -7.17% |
| 59 | geravia-mackinnon | 4777691 | 0 | - | 0.00% |
| 60 | tyrone-shoelaces | 4461959 | 0 | - | 0.00% |
| 61 | btsxzzh2 | 4348432 | 0 | - | 0.00% |
| 62 | slim | 4153504 | 0 | - | 0.00% |
| 63 | happyshares | 4088979 | 0 | 3,072,401.57 | 302.23% |
| 64 | quonael-lievesley | 4087235 | 0 | - | 0.00% |
| 65 | tkoba99 | 4033394 | 1559 | -640.17 | -0.02% |
| 66 | kylin1986 | 4000386 | 0 | -691,005.62 | -14.73% |
| 67 | wesley-waugaman | 3921027 | 0 | - | 0.00% |
| 68 | hermes3 | 3832195 | 0 | - | 0.00% |
| 69 | satoshi-pie | 3697790 | 0 | - | 0.00% |
| 70 | btsnow | 3648808 | 0 | -2,999,927.31 | -45.12% |
| 71 | jaehyuk | 3627054 | 0 | - | 0.00% |
| 72 | laplap5 | 3493800 | 0 | - | 0.00% |
| 73 | bunkerchainlabs-com | 3268788 | 0 | -145,999.22 | -4.28% |
| 74 | scottmclane | 3251127 | 0 | - | 0.00% |
| 75 | bafohald-degeorge | 3189866 | 0 | - | 0.00% |
| 76 | wind-flower | 3174192 | 0 | - | 0.00% |
| 77 | ddd555 | 3137272 | 0 | -2,074,448.71 | -39.80% |
| 78 | goodc0re | 3130517 | 1402 | -294,858.46 | -8.61% |
| 79 | null-account | 3011945 | 0 | - | 0.00% |
| 80 | anonym7 | 2972989 | 0 | - | 0.00% |
| 81 | geneko | 2822125 | 0 | -2,222.55 | -0.08% |
| 82 | mostar | 2747734 | 0 | -1,049.08 | -0.04% |
| 83 | bitcoinindonesia | 2696466 | 0 | -640,236.34 | -19.19% |
| 84 | douglasriese1994 | 2642911 | 0 | - | 0.00% |
| 85 | aboy | 2636148 | 0 | 2,636,148.00 | New to T1000 |
| 86 | rand1 | 2586347 | 0 | - | 0.00% |
| 87 | bang-king | 2570419 | 0 | - | 0.00% |
| 88 | hardfork2 | 2545413 | 0 | - | 0.00% |
| 89 | serg | 2515784 | 0 | - | 0.00% |
| 90 | thread | 2485990 | 0 | - | 0.00% |
| 91 | chainsquad | 2484154 | 0 | -1,000,038.43 | -28.70% |
| 92 | dragongroup | 2401511 | 0 | -200,000.05 | -7.69% |
| 93 | rg33m43ffaeqdrnk | 2395597 | 0 | 1,526,146.85 | 175.53% |
| 94 | sauron | 2338702 | 0 | 179,501.38 | 8.31% |
| 95 | spook | 2296849 | 0 | - | 0.00% |
| 96 | nana-roseannadana | 2209986 | 0 | - | 0.00% |
| 97 | yvg1900 | 2201037 | 0 | -20,001.42 | -0.90% |
| 98 | wildman-capital | 2195346 | 0 | 294,303.17 | 15.48% |
| 99 | kedaliwin-tefft | 2192433 | 0 | - | 0.00% |
| 100 | talos | 2171652 | 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! :)
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