Welcome to the 78th 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 - 20th 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.
In the interests of transparency and to provide greater visibility in relation to Committee proposals/decisions, the Committee has launched a new website committee.bitshares.works. The website is provided by the BBF to serve as the central hub of Committee related information. Find the new website HERE and further information HERE
As of Saturday, March 17th 2018, the transaction fees on BitShares have been increased by the BitShares Committee. Due to the decrease of the unit price of BTS, an increase of the fees was required to align with the agreed upon USD values. After discussions, the BitShares committee created a proposal (1.10.8736) to actually increase the transaction fees which was quickly approved by the majority of committee members. You can find more details and the fee schedule HERE
Super.one is a new Bitshares mobile wallet released this week, created by @crazybit--a witness of Bitshares. Super.one is still in public test phase at the moment but you can create your new bitshares account for free now, or import your backup wallet with brain key. New users will be rewarded 100 SOT asset, SOT is the token of product SuperONE, the value-added services provided by SuperONE would be charged in SOT in the future, for more information visit the website at SuperONE.io or join the discussion HERE. I personally recommend while this new wallet is in testing phase it would be good to test with a new account instead of importing your existing account; this wallet looks very professional so hopefully we will see a production release soon.
This week has seen the amount of accounts holding BTS in wallets outside of centralized exchanges grow to over 100,000 accounts.
The Bitshares Blockchain Foundation (@bitshares.fdn) has announced that it has acquired ownership of BitSharesTalk.org from Bitsapphire and will gladly continue to provide the forums as a platform for communications to the entire community. You can see the full announcement HERE
@bitspark has released a post that outlines why it feels Bitshares is the best platform for their remittance business and the entire Zephyr project. The post outline 3 critical elements of Bitshares that matter most to Bitspark and Zephyr; Speed, Decentralization and Pegged Cryptocurrencies / smartcoin. You can read the full article HERE
Three new committee proposals are being voted on this week which could have major benefits for the Bitshares ecosystem if they can be executed successfully. There is currently a proposal raised by Bitcrab to use funding from the reserve pool for open market operation on the USD and CNY smartcoins; this is designed in increase liquidity in the markets. A second proposal is attempting to test the mechanics of the first proposal with a small amount of funds held by the committee account as a proof of concept and the third proposal is to claim the BitCNY generated from fee's on the BitCNY market. You can find all the proposals on committee.bitshares.works
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 822172; an increase of 19460 wallets/accounts since last week
Smartcoin issuance chart showing weekly change since the start of 2017
Number of accounts holding BTS (off exchanges)
SuperONE.io new Bitshares mobile wallet released for testing. Looks Awesome!
Dan Larimer (Founder of Bitshares) on the front page of Roanoke Times
Crypto Tips - CryptoBridge The fastest growing Bitshares gateway - source
Beyond Bitcoin - Bitshares Talk - 17th March 2018 - source
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 | 2,611,403,846 |  712,951.00 | 0.03% |
| BTS Stealth | 287,784 | 60.00 | 0.02% |
| BTS in Open Orders (DEX - T250) | 8120052 | 533,676.00 | 7.03% |
| Reserve Pool | 991,918,482 | 2,036,223.00 | 0.21% |
| RP Accumulated fees | 37401 | - | 0.00% |
| Collateral (top 250) backing Smartcoins | 401429082 |  -4,630,569.00 | -1.14% |
| Top 100 Total | 1,462,142,219 | 4,714,554.92 | 0.32% |
| Top 100 - minus Exchanges | 675,460,999 | 3,765,778.92 | 0.56% |
| Exchanges | 786,681,220 | 948,776.00 | 0.12% |
| Non Exchanges | 1,824,722,626 | -235,825.00 | -0.01% |
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 | 0.00001748 | 0.1564651 | 16,931,167.79 | 2,649,136.88 | 46.4% | 90.2% |
| USDT | 0.16085324 | 0.16 | 12,405,124.69 | 1,995,500.73 | 34.0% | 161.4% |
| ETH | 0.0002916 | 0.16259954 | 3,728,056.60 | 606,180.27 | 10.2% | 31.3% |
| BITCNY | 1.03 | 0.17741915 | 3,170,068 | 562,430.85 | 8.7% | -45.1% |
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, Bridge.BTC and USD
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 | 2,611,403,846 | 0.160 | 418,999,904 | $418,999,903.77 | 0.027% |
| BTS Stealth | 287,784 | 0.160 | 46,175 | $46,174.96 | 0.021% |
| Reserve Pool | 989,169,308 | 0.160 | 158,712,275 | $158,712,274.82 | -0.072% |
| Accumulated fees | 37,401 | 0.160 | 6,001 | $6,000.99 | 0.000% |
| BitUSD | 12,800,064 | 6.16 | 78,848,394 | $12,651,229.59 | -7.789% |
| BitCNY | 164,144,847 | 0.972 | 159,548,791 | $25,599,613.13 | -7.538% |
| BitEUR | 122,112 | 7.55 | 921,946 | $147,926.23 | -1.033% |
| BitBTC | 42 | 55,228 | 2,319,576 | $372,176.11 | 0.000% |
| BitGold | 189.5 | 8,072 | 1,529,644 | $245,431.47 | 0.000% |
| BitSilver | 21,809 | 100.3 | 2,187,443 | $350,975.31 | 0.000% |
| Ruble | 3,331,157 | 0.1068 | 355,768 | $57,082.93 | -21.343% |
| HERO | 1,275 | 996 | 1,269,900 | $203,755.53 | -2.074% |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| bitcrab | 71 | 94 | 152.8 | 0.1 |
| xeroc | 51 | 214 | 150.2 | 0 |
| openledger | 47 | 9215 | 143.9 | -0.5 |
| michaelx | 58 | 117 | 82.9 | -2.2 |
| blckchnd | 39 | 1574 | 46.9 | -0.4 |
| still | 129 | 339 | 40.4 | -5.3 |
| fav | 43 | 164 | 27.6 | 0 |
| abit | 68 | 754 | 26.5 | 0 |
| baozi | 30 | 61 | 20.3 | 0 |
| seer | 21 | 5 | 11.6 | 0.2 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 726.6 | -16.9 |
| abit | 669.8 | -19.8 |
| bhuz | 662.3 | -18.3 |
| xeroc | 490.4 | -17.2 |
| openledgerdc | 477.3 | -9 |
| witness.still | 455.8 | -7.9 |
| bunkerchainlabs-com | 448.7 | -13.4 |
| ebit | 438.7 | -10.1 |
| clockwork | 421.2 | -14.7 |
| fav | 414.1 | -5.4 |
| chris4210 | 353.8 | -15.6 |
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 | 814.1 | 730 | 1 |
| 2 | roelandp 1.6.74 | 782.2 | 56 | 4 |
| 3 | bhuz 1.6.17 | 737 | 1602 | 3 |
| 4 | xeldal 1.6.22 | 734.3 | 2306 | 7 |
| 5 | witness.still 1.6.69 | 717.2 | 9283 | 15 |
| 6 | witness.yao 1.6.71 | 715.4 | 3587 | 14 |
| 7 | delegate-1.lafona 1.6.28 | 699.9 | 4429 | 2 |
| 8 | xn-delegate 1.6.59 | 695.6 | 2878 | 10 |
| 9 | delegate-zhaomu 1.6.98 | 647.3 | 637 | 12 |
| 10 | verbaltech2 1.6.34 | 640.2 | 3976 | 14 |
| 11 | sahkan-bitshares 1.6.73 | 609.2 | 1281 | 13 |
| 12 | fox 1.6.16 | 605.6 | 4162 | 2 |
| 13 | rnglab 1.6.45 | 592 | 2133 | 7 |
| 14 | abc123 1.6.65 | 566.8 | 1325 | 7 |
| 15 | elmato 1.6.20 | 557.5 | 4359 | 7 |
| 16 | xman 1.6.64 | 539.5 | 1706 | 6 |
| 17 | crazybit 1.6.84 | 494.6 | 561 | 35 |
| 18 | delegate.freedom 1.6.63 | 471.9 | 4918 | 18 |
| 19 | openledger-dc 1.6.76 | 452.8 | 663 | 2 |
| 20 | blckchnd 1.6.75 | 449.3 | 962 | 1 |
| 21 | wackou 1.6.18 | 427.6 | 1886 | 4 |
| 22 | magicwallet.witness 1.6.110 | 425.8 | 2 | 2 |
| 23 | witness.hiblockchain 1.6.105 | 392.5 | 18 | 1 |
| 24 | billbutler-witness 1.6.92 | 371.7 | 478 | |
| 25 | winex.witness 1.6.101 | 358.3 | 622 |
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 | - | 0.00% |
| 2 | bitkkchubei002 | 161,192,416 | 161,192,416.00 | BTSCHBTC cold wallet |
| 3 | binance-cold-1 | 114,787,664 | - | 0.00% |
| 4 | bitcc-bts-cold | 100,250,990 | - | 0.00% |
| 5 | binance-bitshares-gvbdb84k6h | 73,024,782 | 693,961.00 | 0.96% |
| 6 | gamma-rabbit | 59,553,744 | -0.58 | 0.00% |
| 7 | delta-lion | 51,086,309 | - | 0.00% |
| 8 | alpha-dog | 31,107,889 | -10.00 | 0.00% |
| 9 | bittrex-deposit | 23,125,363 | -68,608.00 | -0.30% |
| 10 | ranchorelaxo2017 | 21,769,775 | - | 0.00% |
| 11 | abit | 20,092,510 | -1.00 | 0.00% |
| 12 | gate-io-bts | 18,388,187 | 436,350.00 | 2.43% |
| 13 | stan | 14,841,943 | -629,000.00 | -4.07% |
| 14 | jubi-bts | 14,591,906 | - | 0.00% |
| 15 | a2dcdf323a8a576408f62604b17a8a52 | 12,337,283 | -241,775.00 | -1.92% |
| 16 | alexna64 | 12,143,695 | - | 0.00% |
| 17 | ld636433 | 11,253,596 | 593,425.70 | 5.57% |
| 18 | anonymous | 11,212,516 | - | 0.00% |
| 19 | yun-bts | 10,962,743 | - | 0.00% |
| 20 | evan | 10,659,692 | - | 0.00% |
| 21 | graphene2015 | 10,629,742 | - | 0.00% |
| 22 | aloha | 9,831,200 | - | 0.00% |
| 23 | getch-bts | 9,535,172 | - | 0.00% |
| 24 | virtual-ventures | 9,153,485 | - | 0.00% |
| 25 | echocold1 | 9,097,651 | - | 0.00% |
| 26 | onceuponatime | 8,679,705 | -29,281.00 | -0.34% |
| 27 | ibilitlan-scoltock | 8,673,958 | - | 0.00% |
| 28 | bts-subscribe | 8,500,392 | -45,800.00 | -0.54% |
| 29 | roje | 8,040,409 | - | 0.00% |
| 30 | mr-wang | 8,006,959 | - | 0.00% |
| 31 | cievia-waugaman | 7,990,214 | - | 0.00% |
| 32 | invictus | 7,494,364 | - | 0.00% |
| 33 | jiny2 | 7,438,984 | - | 0.00% |
| 34 | haeassa-granovsky | 7,431,931 | - | 0.00% |
| 35 | btercom | 7,050,208 | - | 0.00% |
| 36 | enki | 6,999,337 | -36,113.30 | -0.51% |
| 37 | cass | 6,737,585 | - | 0.00% |
| 38 | abinia-rivard | 6,550,563 | - | 0.00% |
| 39 | keebler-kahn | 6,500,770 | - | 0.00% |
| 40 | tyrone-shoelaces | 6,498,541 | - | 0.00% |
| 41 | aleks | 6,424,770 | -0.21 | 0.00% |
| 42 | tsuratsura-3557 | 6,395,199 | - | 0.00% |
| 43 | abc.btsbots | 6,025,940 | - | 0.00% |
| 44 | yoyow.team | 6,000,003 | - | 0.00% |
| 45 | denkhaus | 5,891,282 | -1,407,567.00 | -19.28% |
| 46 | bts-morning | 5,860,639 | - | 0.00% |
| 47 | bristolbay | 5,800,828 | - | 0.00% |
| 48 | fericia-brick | 5,766,623 | - | 0.00% |
| 49 | btszhqxf | 5,734,712 | - | 0.00% |
| 50 | spring | 5,560,779 | - | 0.00% |
| 51 | hnnr8 | 5,460,998 | - | 0.00% |
| 52 | cadord-ozois | 5,423,173 | - | 0.00% |
| 53 | storj | 5,412,277 | - | 0.00% |
| 54 | xhunter | 5,192,094 | - | 0.00% |
| 55 | jeraud-kanze | 5,172,698 | - | 0.00% |
| 56 | tel-911 | 5,065,051 | - | 0.00% |
| 57 | rvrts | 4,967,881 | 0.31 | 0.00% |
| 58 | bitcoinindonesia | 4,936,514 | 18,126.00 | 0.37% |
| 59 | linhan | 4,824,288 | - | 0.00% |
| 60 | geravia-mackinnon | 4,777,691 | - | 0.00% |
| 61 | brother-john | 4,612,086 | - | 0.00% |
| 62 | xgqing | 4,351,903 | - | 0.00% |
| 63 | btsxzzh2 | 4,348,432 | - | 0.00% |
| 64 | seer | 4,211,794 | - | 0.00% |
| 65 | ptschina | 4,103,796 | 1,293.00 | 0.03% |
| 66 | quonael-lievesley | 4,087,235 | - | 0.00% |
| 67 | coldstorage1 | 4,000,000 | - | 0.00% |
| 68 | oh-bts | 4,000,000 | - | 0.00% |
| 69 | super-bts | 3,999,990 | - | 0.00% |
| 70 | slim | 3,938,098 | - | 0.00% |
| 71 | wesley-waugaman | 3,921,027 | - | 0.00% |
| 72 | ifly | 3,904,917 | - | 0.00% |
| 73 | serg | 3,867,349 | - | 0.00% |
| 74 | goodc0re | 3,781,249 | - | 0.00% |
| 75 | lyh-2012 | 3,475,608 | - | 0.00% |
| 76 | sony-bot | 3,381,656 | - | 0.00% |
| 77 | peak-yannie | 3,333,334 | - | 0.00% |
| 78 | livecoin-net | 3,311,929 | -1,513.00 | -0.05% |
| 79 | bts1998 | 3,247,078 | - | 0.00% |
| 80 | btsbank-alpha | 3,242,197 | - | 0.00% |
| 81 | bafohald-degeorge | 3,189,866 | - | 0.00% |
| 82 | scottmclane | 3,177,116 | - | 0.00% |
| 83 | bilbo-baggins | 3,151,030 | - | 0.00% |
| 84 | lao-wallet | 3,140,242 | - | 0.00% |
| 85 | babydragon | 3,135,688 | 24,224.00 | 0.78% |
| 86 | ev-ev | 3,062,567 | 30,000.00 | 0.99% |
| 87 | austintexas11 | 3,045,250 | - | 0.00% |
| 88 | makkiavelli1977 | 3,043,023 | - | 0.00% |
| 89 | null-account | 3,011,947 | - | 0.00% |
| 90 | mcxcwbts | 3,000,686 | - | 0.00% |
| 91 | billion-hero-prize | 3,000,000 | - | 0.00% |
| 92 | roland.sun | 2,923,130 | - | 0.00% |
| 93 | y-123 | 2,898,968 | - | 0.00% |
| 94 | jackkang | 2,860,941 | - | 0.00% |
| 95 | teiva | 2,830,650 | - | 0.00% |
| 96 | backup.yao | 2,820,928 | - | 0.00% |
| 97 | ak-999 | 2,789,652 | - | 0.00% |
| 98 | koocaa | 2,781,355 | - | 0.00% |
| 99 | cylonmaker2053 | 2,774,574 | -500,100.00 | -15.27% |
| 100 | tong-xin | 2,772,166 | - | 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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That wallet looks from 2030.
I agree, really like the layout and style in this new wallet!
Does anyone know how to get steem out of bitshares using openledger?
Click withdraw and type in your steem name
Thanks @steempower for sharing these amazing updates of a great DEX platform.
Hey there! I want to get in touch with you and talk! How is it possible? :)
Great
Good report.
Hey guys, great read! Is there any possibility for you to mention our project on your blog?
Congratulation for 78th Bitshares state of the network... and success is always for bitshares...
Thanks for share it....
Wow your post is awesome thanks for sharing this valuable idea.
Coins mentioned in post:
Congratulation to the bitshares state of network i have always love bitshares that will be my next investment this year.
Great information.
Thanks for sharing ...
thanks for that updated information.
great information
thanks for sharing
wow,good post
Your post is very useful for us all ..
I've read everything but I read it in order to learn.
Thank you for everything @steempower
I hope that BitCoin will rise like a Pheonix again or I will move out of the house until then 😂 my husband is killing me, stressing me out too because of the market. Rise Crypto Coin, RISEEE 😂
What is going on with OCASH? The ITO was supposed to be Q1 2018, and we are near the end of Q1 and no news. There appears to be an OCASH token in the exchange, with 3 buy orders, and no-one selling. Is that the genuine token or a scam token? It LOOKS legit, but it is hard to tell.
PS My bitshares username is antonchanning23.
Yeah a Nice Centralised Network!!!
can you give me some suggestion, how can i increase my upvote...
Thanks for share this important Topic ...
Cool friend
hello @steempower because you have not updated? Your information is vital.
Well job
So better
Thanks for the updates on Bitshares! Amazing improvements and the new wallet looks promising!
By the way, I wanted to let you know I Completed the first 10 Chapters of the Steem Guide to Help Users Make their Way and add Value to the Blockchain. Looking forward to your thoughts on it if you get the chance.
[Completed!] Making Your Way on Steemit - A 10 Chapter Full Steem Guide for New Users - Minnows - Make their Way on the Steem Blockchain!
Looking forward to hear your thoughts on the entire Steem Guide!
Regards, @gold84