Welcome to the 20th 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 - 1st February 2016
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.
Alfredo Garcia has a core development update HERE - Highlights include: Install and test asset api to the new bitshares-core project from the old cryptonomex, project from the old cryptonomex, Created a public function that does the same as get_account_history_public but can be called without authentication. and resolution of Issues.
Christoph Hering (@chris4210) Co-Founder & CEO of Bitshares Munich has done an Interview with The Crypto Show relating to BlockPay - Listen to the interview HERE
Peerplays has announced the formation of a new entity known as Peerplays Blockchain Standards Association (PBSA), The PBSA is a non profit organisation located in Canada, Governed by the laws of the Provence of Nova Scotia. This means that as of the upcoming Peerplays ICO; Everything including development and funding will be moving to the control of the PBSA, BunkerChain Labs will be relinquishing its holding and handing them over to the PBSA. The PBSA will also control a 'Trust' fund that will ensure that all funds from the upcoming ICO will be 100% used for development of the Peerplays blockchain. More information will be available in the future regarding the PBSA.
@jademont has released the development plans for BTSABC including a fiat gateway, updated web wallet and increased liquidity between bitCNY <--->BTS<--->IOU.CNY - find out more details HERE
Christoph Hering (@chris4210) Co-Founder & CEO of Bitshares Munich has spoken at the Blockchain Week London as a member of the panel discussing Crowdfunding Law & ICO's; watch the action HERE
OpenLedger has announced that the Apptrade Pre ICO has been extended to the 28th of Feb. See the announcement HERE
@kencode has released his weekly updates; jam packed with information as usual. Personal highlights are: BlockPay back on the Google playstore!!, Smartcoins wallet UI and DEX support (via GrapheneJ) in progress, On going work on the Trusted Algo for Bitshares Stealth and Alfredo Garcias Dev updates. Find the full update HERE
The latest weekly Bitshares hangout recording can be found HERE
The Poll for which forum platform Bitshares should use in the future ends today; if you have not voted please compare the options and make your voice heard HERE
@kencode has announced that Blockpay is back on the Google Play store and version 1.57 has been released; find the announcement HERE
@clayop has lodged a BSIP to change the incentive structure behind smartcoin issuance; this has been a hot topic on both the forum and the BitshareDEX telegram channel this week with many suggestion all focused on the one end goal; incentives for users to issue smartcoins. See @clayops proposal HERE and contribute to the discussion on github or on the forum thread; there is another thread that was active recently on the same topic that might be worth checking out for anyone that is keen for further background HERE
Another update to the BlockPay video Blog has been posted; titled "Should we give up privacy for security, war on cash"; check out the video HERE
Today is the last day to get involved in the Pre ICO of BitGate presented by @bitspace; if you reading this after the fact do not worry there will be an official ICO in the future. Find more details about the product and offering HERE
Fun casino has distributed 0.29 Open.BTC to FUNC investors this week as part of their revenue sharing model.
Bitshares user 'enter' is 3 registration from being the #1 registrar on the network; currently in 2nd postition only to openledger. 'enter' is however in #1 position for the Most fees paid with a total of 6,395,582 BTS (Before LTM discount)
The last asset registered this week is asset #1266 and it is named 'LEOGBP' registered by 'super-leo' with the description 'Test GBP asset'.
Current registered wallets/accounts within the Bitshares network is 154149; an increase of 438 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 | 2,580,958,574 |  749,081.00 | 0.0290% |
| BTS Stealth | 265,479 | - | 0.0000% |
| BTS in Open Orders (DEX) | 45451875.34 | 216,733.20 | 0.4791% |
| Reserve Pool | 1,019,616,602 |  -749,080.00 | -0.0734% |
| RP Accumulated fees | 27,292 | -5.00 | -0.0183% |
| Collateral (top 250) backing Smartcoins | 281853267 | -3,423,232.00 | -1.2000% |
| Top 100 Total | 1,381,335,226 | -1,126,652.36 | -0.0815% |
| Top 100 - minus Exchanges | 528,414,077 | -1,686,872.14 | -0.3182% |
| Exchanges | 852,921,149 | 560,219.78 | 0.0657% |
| Non Exchanges | 1,728,037,425 | 188,861.22 | 0.0109% |
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 | 0.00000417 | 0.00396839 | 13,877,751.90 | 55,072.38 | 85.0429 | 193.32% |
| CNY | 0.02731276 | 0.0039689 | 2,440,770.19 | 9,687.16 | 14.9571 | -25.29% |
| EUR | 0.008 | 0.00836144 | 0 | 0 | 0 | |
| NXT | 1.099 | 0.00711708 | 0 | 0 | 0 | |
| USD | 0.0041841 | 0.0041841 | 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
- Refund worker - returns unspent budget to the reserve pool
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 Cryptoceeds, BlockPay and CNY
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 | 2,580,958,574 | 0.00400869 | 2,580,958,574 | $10,346,262.83 | 0.0291% |
| BTS Stealth | 265,479 | 0.00400869 | 265,479 | $1,064.22 | 0.00% |
| Reserve Pool | 1,019,616,602 | 0.00400869 | 1,019,616,602 | $4,087,326.88 | -0.0733% |
| Accumulated fees | 27,292 | 0.00400869 | 27,292 | $109.41 | -0.02% |
| BitUSD | 98,003 | 249 | 24,402,747 | $97,823.05 | -0.16% |
| BitCNY | 1,018,237 | 36.1 | 36,758,356 | $147,352.85 | 5.32% |
| BitEUR | 5,913 | 267.5 | 1,581,728 | $6,340.66 | 0.00% |
| BitBTC | 44.30 | 237,945 | 10,540,964 | $42,255.45 | -1.21% |
| BitGold | 10.22 | 300,197 | 3,068,013 | $12,298.71 | 0.17% |
| BitSilver | 1,113 | 4,332 | 4,821,516 | $19,327.96 | 0.76% |
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 | 1978 | 45 |
| compumatrix1 | 1635 | 0 |
| jianjolly-0 | 1099 | 152 |
| openledger | 514 | 0 |
| btsabc | 408 | 6 |
| fav | 323 | 2 |
| cryptofresh | 317 | 2 |
| gn1 | 227 | 2 |
| ccm2015 | 223 | 0 |
| cryptocurrency3 | 182 | 2 |
| by24seven | 159 | 1 |
| cat-ch | 119 | 0 |
| sdr | 99 | 21 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| xeroc | 36 | 147 | 188.2 | 0.1 |
| baozi | 20 | 64 | 101.1 | 5.2 |
| bitcrab | 53 | 22 | 88.8 | -3.1 |
| laomao | 39 | 3 | 42.3 | 0.1 |
| bitshares-munich-wallet | 8 | 7 | 23.3 | 0.1 |
| harvey | 50 | 5 | 22.4 | 0 |
| fav | 23 | 32 | 14 | -0.3 |
| bytemaster | 38 | 42 | 13.9 | 0 |
| jonnybitcoin | 27 | 11 | 12.6 | -0.2 |
| yao | 26 | 34 | 11.6 | 0 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 622.1 | 0.2 |
| chris4210 | 542.8 | 185.1 |
| bhuz | 523.7 | 0.1 |
| abit | 482 | -8.1 |
| xeroc | 469.2 | 0.9 |
| clayop | 461.1 | -1.3 |
| bunkerchainlabs-com | 419.7 | 90.4 |
| dele-puppy | 388.1 | -20.9 |
| ebit | 351.5 | 2.5 |
| bitcube | 297.2 | -98.7 |
| harvey-xts | 192.8 | -3.3 |
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 | 87331228.54 | 0 | 540,388.44 | 0.62% |
| 4 | yunbi-cold-wallet | 35003434.68 | 0 | - | 0.00% |
| 5 | pr1modiaprile | 24999291.42 | 0 | - | 0.00% |
| 6 | bittrex-deposit | 20558525.5 | 0 | 19,831.34 | 0.10% |
| 7 | btsx-bitshare | 19863402 | 0 | - | 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 | 15834780.69 | 0 | - | 0.00% |
| 13 | evan | 12118147.13 | 0 | - | 0.00% |
| 14 | funnycat-air | 11489195.01 | 10787140 | - | 0.00% |
| 15 | cass | 11068374.6 | 0 | - | 0.00% |
| 16 | mcxcwbts | 10818456.61 | 0 | - | 0.00% |
| 17 | bitshares-munich-wallet | 10713293.53 | 0 | - | 0.00% |
| 18 | crypto-maniac | 10597469.97 | 0 | - | 0.00% |
| 19 | hnnr8 | 10471001.86 | 0 | - | 0.00% |
| 20 | invictus | 9815143.343 | 0 | - | 0.00% |
| 21 | virtual-ventures | 9318077.011 | 0 | - | 0.00% |
| 22 | jiny2 | 9297002.608 | 25092.5 | - | 0.00% |
| 23 | jonnybitcoin | 8903504.179 | 1000000 | 360.23 | 0.00% |
| 24 | suyuekuangcheng666 | 8899394.368 | 6644200 | - | 0.00% |
| 25 | roje | 8850428.578 | 0 | - | 0.00% |
| 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 | 7237706.856 | 0 | - | 0.00% |
| 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 | - | 0.00% |
| 49 | prebuffo1970 | 4834033.226 | 0 | - | 0.00% |
| 50 | bterdeposit | 4713775.469 | 0 | - | 0.00% |
| 51 | mybak | 4709246.334 | 0 | - | 0.00% |
| 52 | harvey | 4699122.046 | 35357.70909 | - | 0.00% |
| 53 | teiva | 4642619.673 | 0 | 118,250.47 | 2.61% |
| 54 | spring | 4582269.686 | 110000 | - | 0.00% |
| 55 | bts88 | 4527532 | 0 | - | 0.00% |
| 56 | impseu1 | 4432045.44 | 0 | - | 0.00% |
| 57 | btsxzzh2 | 4348431.46 | 0 | - | 0.00% |
| 58 | ddd888 | 4259712.48 | 50000 | - | 0.00% |
| 59 | onceuponatime | 4126762.072 | 18402.692 | -4,697.31 | -0.11% |
| 60 | stellar | 4118034.258 | 4637.1 | - | 0.00% |
| 61 | kimziv0 | 4101739.259 | 0 | - | 0.00% |
| 62 | slim | 4100811.632 | 0 | - | 0.00% |
| 63 | lambda1 | 4047823.059 | 0 | - | 0.00% |
| 64 | bitgate-ico1 | 4018984.954 | 0 | - | 0.00% |
| 65 | elendasa-benjamin | 3925769.873 | 0 | - | 0.00% |
| 66 | lzr1900 | 3897252.906 | 0 | - | 0.00% |
| 67 | hermes3 | 3832194.901 | 0 | - | 0.00% |
| 68 | wys | 3706185.413 | 0 | - | 0.00% |
| 69 | trans.bot | 3664628.934 | 566177.0794 | -57,377.22 | -1.54% |
| 70 | jaehyuk | 3627054.385 | 0 | - | 0.00% |
| 71 | mike-primorac | 3479329.453 | 0 | - | 0.00% |
| 72 | koocaa | 3453196.418 | 0 | - | 0.00% |
| 73 | btsxcn | 3376400.917 | 0 | - | 0.00% |
| 74 | tomo | 3336122.43 | 0 | - | 0.00% |
| 75 | tomotomo1 | 3332277.428 | 0 | - | 0.00% |
| 76 | ags | 3256677.911 | 0 | - | 0.00% |
| 77 | scottmclane | 3251127.476 | 0 | - | 0.00% |
| 78 | chryspano | 3200097.451 | 0 | - | 0.00% |
| 79 | bafohald-degeorge | 3189865.947 | 0 | - | 0.00% |
| 80 | sauron | 3138969.719 | 0 | - | 0.00% |
| 81 | bunkerchainlabs-com | 3076671.275 | 0 | - | 0.00% |
| 82 | agamer | 3022267.937 | 0 | - | 0.00% |
| 83 | null-account | 3011942.766 | 0 | - | 0.00% |
| 84 | profoot | 3000002.391 | 0 | - | 0.00% |
| 85 | bts-morning | 2987464.009 | 0 | - | 0.00% |
| 86 | anonym7 | 2972988.998 | 0 | - | 0.00% |
| 87 | sk | 2960066.895 | 0 | - | 0.00% |
| 88 | graphene2015 | 2900141.295 | 317162.9585 | - | 0.00% |
| 89 | bitcc-bts | 2892652.723 | 0 | -1,743,408.32 | -37.61% |
| 90 | satoshi-pie | 2807841.191 | 0 | - | 0.00% |
| 91 | ccddd | 2800000 | 0 | - | 0.00% |
| 92 | mostar | 2751889.402 | 22900 | - | 0.00% |
| 93 | rand1 | 2586346.83 | 0 | - | 0.00% |
| 94 | bang-king | 2570420.185 | 0 | - | 0.00% |
| 95 | kan791 | 2569361.488 | 0 | - | 0.00% |
| 96 | dragongroup | 2549459.689 | 0 | - | 0.00% |
| 97 | hardfork2 | 2545413.479 | 0 | - | 0.00% |
| 98 | serg | 2515783.949 | 0 | - | 0.00% |
| 99 | dark-angel | 2508416.359 | 0 | - | 0.00% |
| 100 | thread | 2485990.228 | 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
Thank you for this weeks update Steempower . Good news again. You really don´t miss anything that happens on the network ;)
Thanks Chris, although i think you are being too kind, i am afraid i miss things that are happening on the network; more so recently there is so much that is happening it is hard to keep tabs on it; hopefully i am capturing most of the major updates for the week .
I am also aware of a lot of great projects that are in start up mode which are attracting attention such as Steem users creating UIA's for different projects; also bigger projects that i do not have enough visibility as to the week to week changes to comment on; not to mention the hints of project in development that are not included due to respect for their founders.
Bitshares is a very active network and growing all the time :)
One thing you might add to this awesome resource is a list of the Top 20 links to resources newcomers might find useful. I just started to poll people for such a list here:
https://steemit.com/bitshares/@stan/bitshares-greatest-hits-and-spinup-links
Great idea :)
Once we have a list compiled i will add a section toward the end with a link to the 'Getting Started' page on every report. @chris4210 ran a competition recently that produced a heap of great gifs that might be useful for such a resource .
Wicked list of article and links to read, listen to and follow... Thank you so very much again for your newsletter, this is my kind of news letter as it is thick with impactful events and chunky with quality.
After reading your note last week, I ended up uploading the new Bitshares wallet and the processes are now much more smooth than they were with my previous update. thank you so very much again for your hard work and great sharing!
All for one and one for all! Namaste :)
Hi Eric,
Good to hear you got everything sorted and running smoothly; thank you for the kind comments and glad your are enjoying the report! :)
Namaste my friend, Namaste :)
These updates are really nice. I look forward to them every week. Thank you for your time and energy.
Thanks @mranderson , glad you enjoy the reports and thank you for the comment!
I am looking forward to the days where i can include updates from other valued projects, that have made the choice to call Bitshares home ;)
Hope everything is going well
https://mobile.twitter.com/btswolf/status/826457627613855744
btswolf
btswolf – @btswolf
leaked screenshot of the upcoming charting options in #BitShares decentralized exchange #bitcoin #blockchain
Thanks for sharing :)
Thanks for reading :)
In one word: WOW! Your knowlege of this network is huge, Steempower! Thanks for keeping us up to date.
Upvoted & Followed you as well.
Thanks for your kind words lazariko12, appreciate the compliment but i am still learning; it is an incredible platform with lots of facets!!
Thanks for the support and follow :)
thanks for mycket jobb
Not sure what a 'mycket jobb' is but thanks for the comment
deep down, i wish i knew what bitshares is!
Bitshares is a financial platform; its core feature is a decentralised exchange (DEX or sometimes refereed to as BAE (Bitshares Asset Exchange) ), this is a platform similar to Polo or Bittrex where you can trade assets on the open market, you can do this while retaining ownership of your assets i.e no more mt gox; everything is done on chain and with 3 second block times you won't even notice any difference.
Aside from the DEX, Bitshares has a ton of other features, such as:
There are plenty more that could go in here but i encourage you to check out the platform.
There is a nice list of resource here: https://steemit.com/bitshares/@stan/bitshares-greatest-hits-and-spinup-links
Also recommend checking out the rest of Chronos' videos https://www.youtube.com/playlist?list=PL4QVf9YbYcnjmeDEiyyrhMLwGBa5K23tN