Welcome to the 26th 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 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.
HAPPY TESTNET STRESS TEST WEEK!! - 15th March 3PM UTC
Find out more HERE or get prepared to join in HERE
Observation from this week
This section will highlight any observations made while analysing the data.
Alfred Garcia (Bitshares Core Dev) has been working to maintain the open issues and has closed some issues this week and is very close to being able to close the socket spamming issue plaguing many developers. Ken has also suggested that Alfredo maybe working on new features such as 'Dividends, Black Swan prevention and recovery, advanced Trading functions to DEx (Margin Trading, Stop Loss, Trailing Stop etc.), selling/dumping a UIA that you no longer want, Worker proposal upgrade (as per Data and Jonny's ideas), Recurring and Scheduled Payments feature, make it so that FBA's don't always need a hardfork, and a lot more'. If you have feature requests that you would like added to the list for community approve please contact @chris4210. See the Full update HERE
Peerplays outreach and education coordinator, Robyn Wilkie has started working with the PBSA team this week; based in Nova Scotia Canada; Also in Peerplays news Sports and Politics has published an article titled 'Peerplays Sports Betting Could “Uberize” Industry for Millions' which you can read HERE
Bitkaptial (The Turkish Lira gateway to the Bitshares Decentralized Exchange) CEO Jian Jolly has spoken this week about a pending urgency for Bitshares development and the need for Bitshares to stand out from the crowd. As part of this statement he has committed his team and their resources to assisting the growth and further development of the platform; Bitkaptital will migrate from their current hosted/customised wallet to the official Bitshares reference wallet. As part of this migration they will first focus on bug testing all wallet features on multiple operating systems and browsers; any issues will be logged as github issues for action by the developers. Jian has also noted that they have started raising Bitshares awareness via their website Coin-Turk (the Coindesk of Turkey) and is looking forward to doing interviews with the founders of other Bitshares business. Last but not least Jian hinted at an ongoing development for a 'trader's' platform built on Bitshares; that will abstract a lot of the complexities of the network away and focus solely on a platform that will allow users to trade via the DEX (This is proposed to work via python-bitshares library being developed by @xeroc).
RyanRFox (@fox) creator of the Microsoft Azure (BaaS) Bitshares template has created a testnet template to help with rapid deployment of witness node on the Microsoft Azure platform. I personally have used this template and it is a huge time saver and his efforts are greatly appreciated. Find more information on the Template and a quick start guide HERE
Christoph Hering (@chris4210) Co-Founder & CEO of Bitshares Munich is hosting a Stresstest Setup Party on Tuesday March 14th at 3 pm UTC (1 day before the actual stresstest). During the party their will be help on hand to get anyone interested setup on a testnet witness ready for the testnet flooding/stresstest on March 15th. Easy setup is expected due to the Azure template created by @fox (Azure is not the required platform, its just easy)
Bitshares testnet STRESSTEST is being conducted on the 15th of March 2017 at 3PM UTC. Xeroc has been leading the charge and has also developed a real-time stats page that we can keep an eye on the progress. Find out more about the test and find the resources HERE. In the lead up testnet witnesses have been running personal (not coordinated) tests in preparation. So far the test net has demonstrated 917 TPS (Transactions Per second) - these results were obtained from a single witness node!!. You can watch the testnet transaction HERE
BitUSD is up 49% Week on Week with a Market Cap of 180k USD; This is in part to a large effort in boosting the BitUSD market headed up by Bitshares user BitCrab
Ronny Boesing (@bloggersclub) from OpenLedger has attended the Blockchain & Bitcoin Conference in Tallinn, Estonia
OpenLedger will be hosting an ICO for the Internet of Coins project. The ICO/Fundraiser will start on March 21st, 2017. The news was released in a blog post that can be found HERE - The following is an extract from that post 'Essentially a wallet, Internet of Coins is a secure way to store cryptocurrencies and smart contracts, and trade them without centralized exchanges. With an easy-to-use interface to manage multiple coins and assets, users of Internet of Coins need no advanced technological knowledge to work with cryptocurrencies. Furthermore, the platform acts as an interface to smart contract systems, decentralized communications, and distributed notary functions.'
@kencode 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). His Update can be found HERE <- lots of good stuff in here!!
Bitshares-Munich has released a new version of the BlockPay S mobile application (v1.5.9). Download the latest version for the Google Playstore.
@taskmanager has preformed a buyback of his TASKMANAGER token via Open.Steem find out more details HERE
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 @peerplays @agent725 @bitkapital and @peugenio you can find more details and the recording HERE
Current registered wallets/accounts within the Bitshares network is 157392; an increase of 450 wallets/accounts since last week
The last asset registered this week is asset #1292 and it is named 'DEXBTC' registered by 'dex-assets' with the description '1 BTC backed with bitcoin'.
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 | 2,588,596,964 |  1,761,978.00 | 0.07% |
| BTS Stealth | 266,837 | - | 0.00% |
| BTS in Open Orders (DEX) | 37568682.88 |  -534,092.73 | -1.40% |
| Reserve Pool | 1,011,984,111 | -1,761,979.00 | -0.17% |
| RP Accumulated fees | 29,978 | 177.00 | 0.59% |
| Collateral (top 250) backing Smartcoins | 327168618 | 17,963,071.00 | 5.81% |
| Top 100 Total | 1,392,168,055 | -4,323,505.21 | -0.31% |
| Top 100 - minus Exchanges | 526,855,832 | 10,718,250.77 | 2.08% |
| Exchanges | 865,312,223 | -15,041,755.98 | -1.71% |
| Non Exchanges | 1,723,284,741 | 16,803,733.98 | 0.98% |
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 | 0.00000333 | 0.0041425 | 39,326,376.88 | 162,909.49 | 54.5962 | 145.68% |
| CNY | 0.02821389 | 0.00408085 | 32,704,934.52 | 133,463.86 | 45.4038 | 166.29% |
| USD | 0.00418368 | 0.00418368 | 0 | 0 | 0 | |
| EUR | 0.00359878 | 0.00383415 | 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
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 USD
Smartcoins
This sections seeks to analyse the current supply and market capitalisation of the Bitshares Smartcoins. We also look at the most active trading pairs of each asset and provide a 1yr view of the price and market cap of each Smart coin.
| Asset | Supply | Price | Market Cap BTS | Market Cap USD | Supply Change W/W |
|---|---|---|---|---|---|
| BTS | 2,588,596,964 | 0.00411451 | 2,588,596,964 | $10,650,808.09 | 0.0681% |
| BTS Stealth | 266,837 | 0.00411451 | 266,837 | $1,097.90 | 0.0000% |
| Reserve Pool | 1,011,984,111 | 0.00411451 | 1,011,984,111 | $4,163,818.74 | -0.1738% |
| Accumulated fees | 29,978 | 0.00411451 | 29,978 | $123.34 | 0.5939% |
| BitUSD | 186,641 | 246 | 45,913,686 | $188,912.32 | 49.7465% |
| BitCNY | 1,041,789 | 35.2 | 36,670,973 | $150,883.08 | -7.9095% |
| BitEUR | 6,879 | 261.3 | 1,797,483 | $7,395.76 | 16.9103% |
| BitBTC | 39.3 | 303,030 | 11,909,079 | $49,000.02 | -0.5063% |
| BitGold | 9.8 | 294,825 | 2,889,285 | $11,887.99 | 2.7254% |
| BitSilver | 1,473 | 4,165 | 6,135,045 | $25,242.70 | 15.8930% |
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 | 2236 | 42 |
| compumatrix1 | 1635 | 0 |
| jianjolly-0 | 1608 | 39 |
| openledger | 514 | 0 |
| btsabc | 438 | 4 |
| fav | 338 | 5 |
| cryptofresh | 326 | 2 |
| gn1 | 233 | 1 |
| ccm2015 | 224 | 0 |
| cryptocurrency3 | 186 | 1 |
| by24seven | 169 | 2 |
| sdr | 120 | 3 |
| cat-ch | 119 | 0 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| xeroc | 37 | 163 | 227.1 | 16.9 |
| bitcrab | 39 | 23 | 109.9 | 11.7 |
| baozi | 19 | 64 | 84.6 | -4.2 |
| laomao | 35 | 3 | 50.4 | 1.7 |
| bitshares-munich-wallet | 9 | 11 | 26.4 | 0.2 |
| harvey | 50 | 5 | 22.4 | 0 |
| jonnybitcoin | 28 | 14 | 13.9 | 0 |
| fav | 24 | 35 | 13.7 | 0 |
| bytemaster | 38 | 41 | 11.5 | 0.1 |
| baicai | 49 | 4 | 10.7 | 0.2 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 609.4 | 0 |
| chris4210 | 552.4 | 0 |
| bhuz | 521.3 | 0 |
| abit | 474.7 | 0 |
| xeroc | 464.5 | 0 |
| clayop | 461.3 | 0 |
| dele-puppy | 395.1 | 0 |
| bunkerchainlabs-com | 392.9 | 0 |
| ebit | 332.2 | 0 |
| bitcube | 298.6 | 0 |
| harvey-xts | 190.4 | 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 | 346419056.4 | 0 | - | 0.00% |
| 2 | poloniexcoldstorage | 290001202.9 | 0 | - | 0.00% |
| 3 | poloniexwallet | 76741905.19 | 0 | -5,335,569.47 | -6.50% |
| 4 | yunbi-cold-wallet | 35003434.68 | 0 | - | 0.00% |
| 5 | bitcc-bts | 32443241.63 | 0 | 8,217,622.83 | 33.92% |
| 6 | pr1modiaprile | 24999291.42 | 0 | - | 0.00% |
| 7 | bittrex-deposit | 21849158.85 | 0 | 140,589.28 | 0.65% |
| 8 | btsx-bitshare | 19863402 | 0 | - | 0.00% |
| 9 | stan | 17134775.69 | 0 | - | 0.00% |
| 10 | btercom | 17049117.35 | 0 | - | 0.00% |
| 11 | alohacs | 16855553.92 | 0 | - | 0.00% |
| 12 | yun-bts | 15438254.19 | 0 | 1,685,338.09 | 12.25% |
| 13 | tsuratsura-3557 | 14905864.52 | 0 | -1,858,671.92 | -11.09% |
| 14 | evan | 12118147.13 | 0 | - | 0.00% |
| 15 | cass | 11068344.41 | 0 | - | 0.00% |
| 16 | mcxcwbts | 10818456.61 | 0 | - | 0.00% |
| 17 | funnycat-air | 10811808.18 | 6928719 | -727,500.15 | -6.30% |
| 18 | bitshares-munich-wallet | 10793378.87 | 0 | - | 0.00% |
| 19 | crypto-maniac | 10597469.97 | 0 | - | 0.00% |
| 20 | hnnr8 | 10471001.86 | 0 | - | 0.00% |
| 21 | jonnybitcoin | 10000010.5 | 0 | 136,712.03 | 1.39% |
| 22 | invictus | 9815143.343 | 0 | - | 0.00% |
| 23 | virtual-ventures | 9318077.011 | 0 | - | 0.00% |
| 24 | jiny2 | 9263139.165 | 0 | -8,770.37 | -0.09% |
| 25 | suyuekuangcheng666 | 8899393.782 | 6644200 | - | 0.00% |
| 26 | roje | 8850428.578 | 0 | - | 0.00% |
| 27 | ibilitlan-scoltock | 8673958.411 | 0 | 8,673,958.41 | New to T1000 |
| 28 | coldstorage1 | 8300000 | 0 | - | 0.00% |
| 29 | cievia-waugaman | 7990212.251 | 0 | - | 0.00% |
| 30 | bc-godpay | 7563433.058 | 0 | - | 0.00% |
| 31 | dev.bitsharesblocks | 7540774.309 | 1885782.194 | -30,940.72 | -0.41% |
| 32 | haeassa-granovsky | 7431930.353 | 0 | - | 0.00% |
| 33 | abinia-rivard | 6550561.954 | 0 | - | 0.00% |
| 34 | goldsix | 6050400.848 | 0 | - | 0.00% |
| 35 | ubris | 5999999.845 | 0 | - | 0.00% |
| 36 | fericia-brick | 5766621.727 | 0 | - | 0.00% |
| 37 | btszhqxf | 5734710.5 | 0 | - | 0.00% |
| 38 | miso69 | 5478227.737 | 0 | - | 0.00% |
| 39 | linhan | 5425093.721 | 0 | - | 0.00% |
| 40 | cadord-ozois | 5423172.409 | 0 | - | 0.00% |
| 41 | pay.xeroc | 5390378.805 | 0 | - | 0.00% |
| 42 | cissy | 5383923.483 | 10000 | - | 0.00% |
| 43 | bristolbay | 5325002.672 | 0 | - | 0.00% |
| 44 | teiva | 5276562.396 | 1030000 | - | 0.00% |
| 45 | comp6 | 5250152.721 | 0 | 1,408,405.77 | 36.66% |
| 46 | xhunter | 5233237.27 | 0 | - | 0.00% |
| 47 | trans.bot | 5217136.679 | 634735.0356 | 2,233,146.22 | 74.84% |
| 48 | jeraud-kanze | 5172697.487 | 0 | - | 0.00% |
| 49 | ccedk.escrow2 | 5150294.966 | 0 | - | 0.00% |
| 50 | ironbank | 5144966.404 | 8000 | - | 0.00% |
| 51 | lzr1900 | 5087494.019 | 0 | 1,425,685.60 | 38.93% |
| 52 | laow | 5057707.821 | 0 | - | 0.00% |
| 53 | roland.sun | 5022491.809 | 0 | - | 0.00% |
| 54 | bitcc-bts-withdrawal | 4942775.211 | 0 | -17,187,781.65 | -77.67% |
| 55 | prebuffo1970 | 4834033.226 | 0 | - | 0.00% |
| 56 | geravia-mackinnon | 4777689.635 | 0 | - | 0.00% |
| 57 | mybak | 4709246.334 | 0 | - | 0.00% |
| 58 | harvey | 4699119.747 | 34839.55 | -1.29 | 0.00% |
| 59 | spring | 4673511.95 | 110000 | - | 0.00% |
| 60 | satoshi-pie | 4622790.181 | 0 | 1,505,423.99 | 48.29% |
| 61 | cnfund | 4556137.854 | 0 | -90,685.89 | -1.95% |
| 62 | bts88 | 4527532 | 0 | - | 0.00% |
| 63 | impseu1 | 4432045.44 | 0 | - | 0.00% |
| 64 | btsxzzh2 | 4348431.46 | 0 | - | 0.00% |
| 65 | onceuponatime | 4190280.58 | 0 | -38,924.32 | -0.92% |
| 66 | kimziv0 | 4176436.612 | 0 | - | 0.00% |
| 67 | stellar | 4118034.258 | 4637.1 | - | 0.00% |
| 68 | slim | 4100811.632 | 0 | - | 0.00% |
| 69 | quonael-lievesley | 4087235.19 | 0 | - | 0.00% |
| 70 | elendasa-benjamin | 3925769.873 | 0 | - | 0.00% |
| 71 | wesley-waugaman | 3921027.341 | 0 | - | 0.00% |
| 72 | hermes3 | 3832194.901 | 0 | - | 0.00% |
| 73 | blocktrades | 3816988.722 | 6677.33872 | 3,190,312.47 | 509.08% |
| 74 | wys | 3706185.413 | 0 | - | 0.00% |
| 75 | jaehyuk | 3627054.385 | 0 | - | 0.00% |
| 76 | bts-morning | 3491846.009 | 0 | - | 0.00% |
| 77 | mike-primorac | 3479329.453 | 0 | - | 0.00% |
| 78 | koocaa | 3453196.418 | 0 | - | 0.00% |
| 79 | tomotomo1 | 3332277.428 | 0 | - | 0.00% |
| 80 | ags | 3256677.911 | 0 | - | 0.00% |
| 81 | scottmclane | 3251127.476 | 0 | - | 0.00% |
| 82 | tyrone-shoelaces | 3233062.134 | 0 | - | 0.00% |
| 83 | chryspano | 3200097.451 | 0 | - | 0.00% |
| 84 | bafohald-degeorge | 3189865.947 | 0 | - | 0.00% |
| 85 | bterdeposit | 3087096.942 | 0 | -479,611.51 | -13.45% |
| 86 | bunkerchainlabs-com | 3076668.779 | 0 | - | 0.00% |
| 87 | bitgate-ico1 | 3040926.067 | 0 | - | 0.00% |
| 88 | null-account | 3011944.766 | 0 | - | 0.00% |
| 89 | anonym7 | 2972988.998 | 0 | - | 0.00% |
| 90 | profoot | 2949982.108 | 0 | - | 0.00% |
| 91 | ccddd | 2800000 | 0 | - | 0.00% |
| 92 | laplap5 | 2773334.348 | 0 | 344,248.00 | 14.17% |
| 93 | mostar | 2751889.402 | 22900 | - | 0.00% |
| 94 | douglasriese1994 | 2642911.206 | 0 | 461,502.95 | 21.16% |
| 95 | rand1 | 2586346.83 | 0 | - | 0.00% |
| 96 | bang-king | 2570419.946 | 0 | -0.24 | 0.00% |
| 97 | kan791 | 2569361.488 | 0 | - | 0.00% |
| 98 | enki | 2556297.131 | 89953.10196 | 229,584.40 | 9.87% |
| 99 | dragongroup | 2549459.689 | 0 | - | 0.00% |
| 100 | hardfork2 | 2545413.479 | 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! :)
Image Credit: @cass
he wont flag this. lol. he only flagged certain people not everyone. he did not stick to his directive, classic steemit.
lol - nice meme
Look forward to the stress test and the next report. :)
Thanks again for the news, loads of very interesting ones and potent ones as well.
As I read through, I came across a topic I was unaware of yet: "Dividends, Black Swan prevention and recovery", especially the Black Swan project. Would you mind giving a bit of detail please?
Have a great day and namaste :)
These are just proposed areas where the development might take use next, adding features for the future. Ill be sure to keep you uptodate as things progreas.
Namaste
Hi @steempower I did it again by mistake and transferred to you. I've done it three times and you send my steem back to me as soon as possible. I have no idea what I was doing. Thanks @happyhousewife
Downvoted to counteract the upvotes from bots and other whales.
More info here: https://steemit.com/test/@abit/whales-no-up-voting-test
Hi @steempower I have made 3 deposits to you by mistake. Can you have a look at your wallet and transfer back to me @happyhousewife
Hi HHW,
i had already returned the balance of the 2 you made 2 days ago as i thought this might have been a mistake; i have just sent a return on the most recent one
Cheers,
SP
Thank you @steempower