Welcome to the 76th 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 - 6th March 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.
has announced the release of the official Bitshares Core Developer worker proposal on the Bitshares network. This worker proposal named '201803-bitshares-core' is now live and the community can cast their vote within the Bitshares wallets. I am happy to report that within this week support has pushed this worker into being actively funded (your votes are still required if you want to ensure this team is well supported into the future). Find more information HERE
AEX exchange (formally known as BTC38) has announced that they have issued GAT (Global AEX Token) on the Bitshares blockchain. GAT is similar to Binance's BNB token and can be used as transaction fees or used for voting on new coins listings; AEX will also use a percentage of the exchange income to buy back GAT tokens from the market. Gat tokens will be distributed via a daily airdrop (that needs to be claimed each day) to BTC, BTS, ETH, LTC and NSS tokens holder on the exchange. More information HERE
A new team of application developers has made themselves known to the community this week with the release of the email-notifier for BitShares DEX. The Notifier allows Bitshares users to subscribe to email alert for account changes such as Transfers, Fill Order execution, or, soon, breach of collateral ratio. The code for the notifier is open source and there are instructions available to run the service on your own node; alternatively the team is offering the service to the community for 50 BTS per user for a lifetime subscription. The team have also confirmed, that it's building a wallet application (named Trusty) on top of BitShares, and they plan to also open-source the SDK framework used. You can find the source code and information to run the service or subscribe to their service HERE. Keep an eye out for this team on upcoming Beyond Bitcoin / Bitshares talk hangouts. If you want to get in contact with this team you can reach them via the telegram account
.
The BitShares Blockchain Foundation (
) has released a post that provide some insight to the complexities of listing with exchanges in today's legal focused landscape. The article also expands on advice from the legal counsel and their recommendations to ensure that Bitshares has the best chance and navigating the legal framework. They also touch on the accounting process and issues with the website bitshares.org. This is a long article but it is a great read to get an idea of the work being performed by the foundation in the background. Find full details HERE
The BitShares Blockchain Foundation (
has announced that Hertz is now live on the Bitshares DEX. Hertz is an Algorithm Based Asset which is pegged to the USD, backed by BTS and has its price feed modified to oscillate using a sine wave with 14% amplitude and a 28 day period resulting in a settlement price range fluctuations between $0.86 and $1.14 depending on the current cycle position. More info HERE
/ Verbaltech2 has released his monthly Witness report which includes details of new hardware on order, resource usage on currently nodes and updates on price feeds being delivered. See the full report HERE
has been running some incentives programs for starting up Cryptocurrency related meetups in your local city. The latest giveaway has up to 1000 BTS reward for starting your meetup before the 29th of March. More info HERE
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
This week’s Bitshares hangout recording has been published and is available HERE
Current registered wallets/accounts within the Bitshares network is 791395; an increase of 16479 wallets/accounts since last week
Smartcoin issuance chart showing weekly change since the start of 2017
Number of accounts holding BTS (off exchanges)
Amber, Michael and Stan at The Conscious Media Festival Opening Party
Graphene blockchains accounting for 66.8% of active transaction as reported by http://blocktivity.info/
Beyond Bitcoin - Bitshares Talk - 3rd March 2018 - source
Bits.Farm - The First Bitshares based game - Claim your Free Tokens HERE
BITFARM, The first Bitshares based simulation game is about to launch. Bits.Farm is a farming simulation game that runs entirely on the Bitshares network. There is no ICO, no crowdsale only a free airdrop. Claim your FREE BitFarm tokens HERE all you need is a Bitshares account and access to telegram!. Official announcement HERE
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 | 2,610,002,334 |  425,702.00 | 0.02% |
| BTS Stealth | 287,724 | 85.00 | 0.03% |
| BTS in Open Orders (DEX - T250) | 13043219 |  -3,058,304.00 | -18.99% |
| Reserve Pool | 990570820 | -425,702.00 | -0.04% |
| RP Accumulated fees | 37401 | - | 0.00% |
| Collateral (top 250) backing Smartcoins | 426119550 | 9,086,673.00 | 2.18% |
| Top 100 Total | 1,488,732,496 | 30,468,017.68 | 2.09% |
| Top 100 - minus Exchanges | 715,850,964 | 3,214,140.68 | 0.45% |
| Exchanges | 772,881,532 | 27,253,877.00 | 3.66% |
| Non Exchanges | 1,837,120,802 | -26,828,175.00 | -1.44% |
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 | 0.00001892 | 0.2136167 | 20,743,010.26 | 4,431,053.45 | 57.94 | 50.2% |
| BITCNY | 1.38 | 0.22 | 7,203,499.69 | 1,583,647.22 | 20.1% | 34.0% |
| USDT | 0.21675366 | 0.21676136 | 5,997,101.70 | 1,299,939.93 | 16.8% | -60.2% |
| ETH | 0.00025698 | 0.21781181 | 1,689,380 | 367,966.89 | 4.7% | -1.6% |
Worker Proposals
This section will identify the current approved and pending worker proposals
Active Worker:
- Alfredo Garcia - Core Development for Second half of 2017
- 201708-bitsharesui
- Abit - Core Developer - 201712~201803
- 201803-bitshares-core
- Joint Marketing Campaign of Exchanges WP
- 201710-spokesperson
- 201710-compliance
- 201802-legal-bts
- BitShares Greater China Representative
- 201712-infrastructure
- DEXBot - User Friendly BitShares Market Making Software
- 201801-budget-chinese-translations
- Refund400k
Proposed Worker
- 2018-02-bitsharesui
- 201802-documentation
- 2017-12-blockchainacademy
- Crypto-Solutions
- 201802-legal-bts
- 201802-bsip29
- 2018-02-bitsharesui
- Soledger - Vikram/Agent86 - Project administration & essential maintenance
- Fund to pay dividend
- NeoWorker - neoreel-1
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, USD and Bridge.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 | 2,610,002,334 | 0.216 | 562,771,078 | $562,771,078.36 | 0.016% |
| BTS Stealth | 287,724 | 0.216 | 62,039 | $62,039.31 | 0.030% |
| Reserve Pool | 990,570,820 | 0.216 | 213,587,782 | $213,587,781.63 | -0.043% |
| Accumulated fees | 37,401 | 0.216 | 8,064 | $8,064.44 | 0.000% |
| BitUSD | 14,697,971 | 4.61 | 67,757,646 | $14,609,965.36 | 1.690% |
| BitCNY | 226,954,919 | 0.727 | 164,996,226 | $35,576,636.42 | 2.062% |
| BitEUR | 125,652 | 5.7 | 716,216 | $154,431.23 | -5.560% |
| BitBTC | 42 | 52,078 | 2,187,276 | $471,622.44 | 0.000% |
| BitGold | 194 | 6,084 | 1,180,296 | $254,496.50 | 0.000% |
| BitSilver | 21,947 | 76.1 | 1,670,167 | $360,122.86 | 0.000% |
| Ruble | 5,676,913 | 0.0814 | 462,101 | $99,638.58 | 0.724% |
| HERO | 1,298 | 745 | 967,010 | $208,507.58 | -0.992% |
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 |
|---|---|---|
| btsabc | 5821 | 55 |
| bitshares-munich | 5472 | 6 |
| bituniverse | 4467 | 75 |
| compumatrix1 | 2576 | 2 |
| digital-nomad | 2495 | 10 |
| sdr | 2381 | 1 |
| cryptofresh | 1812 | 21 |
| jianjolly-0 | 1743 | 0 |
| magicw | 1638 | 11 |
| bcp2017 | 1190 | 1 |
| stormheart | 1146 | 0 |
| estefantt | 1112 | 9 |
| by24seven | 1045 | 12 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| bitcrab | 70 | 92 | 186.7 | 3.6 |
| xeroc | 50 | 213 | 150.3 | -0.5 |
| openledger | 47 | 9108 | 148.6 | -5.8 |
| michaelx | 61 | 113 | 86.1 | 0.5 |
| still | 94 | 354 | 61.7 | 0.4 |
| blckchnd | 45 | 1561 | 47.4 | 0.2 |
| fav | 32 | 167 | 27.1 | 0.1 |
| abit | 67 | 749 | 25.6 | 0 |
| baozi | 30 | 61 | 14.3 | -0.7 |
| payger | 21 | 9 | 12.1 | 0 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| abit | 831 | -4.3 |
| bitcrab | 794.1 | -4.9 |
| bhuz | 634.3 | -3.5 |
| witness.still | 599.8 | -4.7 |
| ebit | 587.2 | -3.5 |
| bunkerchainlabs-com | 574.8 | 3.3 |
| xeroc | 538.5 | 2 |
| openledgerdc | 537.1 | -1.6 |
| clockwork | 465.4 | 115.4 |
| fav | 426.5 | -2.3 |
| chris4210 | 418.6 | -0.4 |
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 | 875.6 | 726 | 4 |
| 2 | bhuz 1.6.17 | 786.7 | 1596 | 1 |
| 3 | roelandp 1.6.74 | 781.1 | 51 | 4 |
| 4 | delegate-zhaomu 1.6.98 | 770.3 | 614 | 22 |
| 5 | witness.yao 1.6.71 | 769.6 | 3572 | 3 |
| 6 | witness.still 1.6.69 | 768.5 | 9264 | 21 |
| 7 | delegate-1.lafona 1.6.28 | 750.6 | 4423 | 1 |
| 8 | xn-delegate 1.6.59 | 749.4 | 2864 | 1 |
| 9 | xeldal 1.6.22 | 743 | 2297 | 7 |
| 10 | abc123 1.6.65 | 675.1 | 1314 | 5 |
| 11 | xman 1.6.64 | 648.4 | 1696 | 6 |
| 12 | verbaltech2 1.6.34 | 600.6 | 3958 | 41 |
| 13 | rnglab 1.6.45 | 597.4 | 2122 | 6 |
| 14 | delegate.freedom 1.6.63 | 580.4 | 4896 | 7 |
| 15 | fox 1.6.16 | 576 | 4155 | 2 |
| 16 | sahkan-bitshares 1.6.73 | 566.1 | 1260 | 14 |
| 17 | crazybit 1.6.84 | 564.7 | 516 | 18 |
| 18 | elmato 1.6.20 | 556.3 | 4350 | 10 |
| 19 | openledger-dc 1.6.76 | 537.5 | 660 | 6 |
| 20 | witness.hiblockchain 1.6.105 | 489.9 | 15 | 15 |
| 21 | blckchnd 1.6.75 | 444.7 | 960 | |
| 22 | winex.witness 1.6.101 | 435.3 | 622 | 621 |
| 23 | wackou 1.6.18 | 429.5 | 1882 | |
| 24 | delegate.taolje 1.6.38 | 404.8 | 4771 | |
| 25 | billbutler-witness 1.6.92 | 382.6 | 478 |
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 | Total BTS | Change W/W | Change W/W % |
|---|---|---|---|---|
| 1 | poloniexwallet | 281,695,148 | 551,802.00 | 0.20% |
| 2 | binance-cold-1 | 114,787,664 | - | 0.00% |
| 3 | zbchubei01 | 100,010,089 | 40,009,999.00 | 66.68% |
| 4 | bitcc-bts-cold | 98,750,980 | 56,000,010.00 | 130.99% |
| 5 | binance-bitshares-gvbdb84k6h | 75,269,080 | -6,321,826.00 | -7.75% |
| 6 | delta-lion | 75,134,133 | - | 0.00% |
| 7 | gamma-rabbit | 63,822,581 | - | 0.00% |
| 8 | alpha-dog | 36,795,321 | 4,493,764.32 | 13.91% |
| 9 | zbbts | 29,331,527 | -62,540,104.00 | -68.07% |
| 10 | bittrex-deposit | 23,306,048 | -397,127.00 | -1.68% |
| 11 | ranchorelaxo2017 | 21,769,774 | - | 0.00% |
| 12 | abit | 20,092,511 | 11,000.00 | 0.05% |
| 13 | btschbtc | 17,000,984 | - | 0.00% |
| 14 | stan | 15,470,943 | - | 0.00% |
| 15 | gate-io-bts | 15,277,362 | -53,391.00 | -0.35% |
| 16 | jubi-bts | 14,591,906 | - | 0.00% |
| 17 | ld636433 | 12,920,027 | - | 0.00% |
| 18 | a2dcdf323a8a576408f62604b17a8a52 | 12,812,722 | -2,546,409.00 | -16.58% |
| 19 | alexna64 | 12,143,695 | - | 0.00% |
| 20 | aloha | 11,826,827 | - | 0.00% |
| 21 | anonymous | 11,212,516 | - | 0.00% |
| 22 | echocold1 | 11,097,651 | - | 0.00% |
| 23 | yun-bts | 11,087,898 | -48,877.00 | -0.44% |
| 24 | evan | 10,659,692 | - | 0.00% |
| 25 | graphene2015 | 9,834,252 | -32,380.00 | -0.33% |
| 26 | btsbank-alpha | 9,800,013 | 248,548.78 | 2.60% |
| 27 | getch-bts | 9,535,172 | - | 0.00% |
| 28 | virtual-ventures | 9,153,485 | - | 0.00% |
| 29 | yoyow.team | 8,876,484 | - | 0.00% |
| 30 | bts-subscribe | 8,683,307 | -91.00 | 0.00% |
| 31 | ibilitlan-scoltock | 8,673,958 | - | 0.00% |
| 32 | onceuponatime | 8,419,493 | -222,100.00 | -2.57% |
| 33 | roje | 8,040,409 | - | 0.00% |
| 34 | cievia-waugaman | 7,990,214 | - | 0.00% |
| 35 | mr-wang | 7,856,959 | - | 0.00% |
| 36 | invictus | 7,494,364 | - | 0.00% |
| 37 | jiny2 | 7,438,984 | - | 0.00% |
| 38 | haeassa-granovsky | 7,431,931 | - | 0.00% |
| 39 | btercom | 7,050,208 | - | 0.00% |
| 40 | denkhaus | 7,013,161 | 157,232.00 | 2.29% |
| 41 | enki | 6,937,964 | 1,725,063.00 | 33.09% |
| 42 | cass | 6,737,585 | - | 0.00% |
| 43 | abinia-rivard | 6,550,563 | - | 0.00% |
| 44 | keebler-kahn | 6,500,770 | - | 0.00% |
| 45 | tyrone-shoelaces | 6,498,541 | - | 0.00% |
| 46 | tsuratsura-3557 | 6,395,199 | - | 0.00% |
| 47 | bristolbay | 5,877,065 | -6,586.34 | -0.11% |
| 48 | adidas.com | 5,873,633 | 44.40 | 0.00% |
| 49 | bts-morning | 5,860,639 | - | 0.00% |
| 50 | fericia-brick | 5,766,623 | - | 0.00% |
| 51 | btszhqxf | 5,734,712 | - | 0.00% |
| 52 | spring | 5,560,779 | - | 0.00% |
| 53 | hnnr8 | 5,460,998 | - | 0.00% |
| 54 | cadord-ozois | 5,423,173 | - | 0.00% |
| 55 | storj | 5,412,277 | - | 0.00% |
| 56 | xhunter | 5,192,094 | - | 0.00% |
| 57 | jeraud-kanze | 5,172,698 | - | 0.00% |
| 58 | tel-911 | 5,065,051 | -334,983.00 | -6.20% |
| 59 | bitcoinindonesia | 4,975,950 | -229,929.00 | -4.42% |
| 60 | rvrts | 4,967,881 | 4,248.00 | 0.09% |
| 61 | linhan | 4,824,288 | - | 0.00% |
| 62 | geravia-mackinnon | 4,777,691 | - | 0.00% |
| 63 | brother-john | 4,612,086 | - | 0.00% |
| 64 | aex-bts-deposit-wallet | 4,454,668 | 2,868,525.00 | 180.85% |
| 65 | xgqing | 4,351,903 | - | 0.00% |
| 66 | btsxzzh2 | 4,348,432 | - | 0.00% |
| 67 | seer | 4,211,794 | -2,000.00 | -0.05% |
| 68 | ptschina | 4,114,442 | - | 0.00% |
| 69 | quonael-lievesley | 4,087,235 | - | 0.00% |
| 70 | coldstorage1 | 4,000,000 | - | 0.00% |
| 71 | oh-bts | 4,000,000 | - | 0.00% |
| 72 | super-bts | 3,999,990 | - | 0.00% |
| 73 | slim | 3,938,098 | -1,000.00 | -0.03% |
| 74 | wesley-waugaman | 3,921,027 | - | 0.00% |
| 75 | ifly | 3,904,917 | - | 0.00% |
| 76 | serg | 3,867,349 | - | 0.00% |
| 77 | goodc0re | 3,781,249 | - | 0.00% |
| 78 | ak-999 | 3,465,043 | 72,070.42 | 2.12% |
| 79 | lyh-2012 | 3,440,749 | 85,848.00 | 2.56% |
| 80 | livecoin-net | 3,375,866 | -21,546.00 | -0.63% |
| 81 | peak-yannie | 3,333,334 | - | 0.00% |
| 82 | bts1998 | 3,247,078 | 583,027.90 | 21.89% |
| 83 | y-123 | 3,232,649 | - | 0.00% |
| 84 | bafohald-degeorge | 3,189,866 | - | 0.00% |
| 85 | scottmclane | 3,177,116 | - | 0.00% |
| 86 | bilbo-baggins | 3,151,030 | - | 0.00% |
| 87 | lao-wallet | 3,140,242 | - | 0.00% |
| 88 | cylonmaker2053 | 3,135,503 | - | 0.00% |
| 89 | aleks | 3,053,718 | 1,242.00 | 0.04% |
| 90 | austintexas11 | 3,045,250 | - | 0.00% |
| 91 | makkiavelli1977 | 3,043,023 | - | 0.00% |
| 92 | null-account | 3,011,947 | - | 0.00% |
| 93 | mcxcwbts | 3,000,686 | - | 0.00% |
| 94 | billion-hero-prize | 3,000,000 | - | 0.00% |
| 95 | babydragon | 2,991,219 | -12,011.00 | -0.40% |
| 96 | btsshr | 2,944,365 | -25,419.00 | -0.86% |
| 97 | roland.sun | 2,923,130 | - | 0.00% |
| 98 | jackkang | 2,860,941 | - | 0.00% |
| 99 | teiva | 2,829,976 | - | 0.00% |
| 100 | backup.yao | 2,820,928 | - | 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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