Welcome to the 98th 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 - 28th August 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.
BitShares Core version 2.0.180823 has been released. This release is the first release which add's support for Ubuntu 18.04 LTS as well as some Improvements, security fixes and api changes. You can find more information HERE
@clockwork has open sourced the proof-of-concept code for Beet, The Bitshares Companion application. He has given it the name (Beet), MIT-licensed it and transferred it over to the BitShares github. The current code is for the ALPHA proof of concept release. You can find more information HERE
@cm-steem has released a draft BSIP 'Backing a Market Pegged Asset with multiple assets as collateral'. The focus of this BSIP is to allow multiple assets as collateral backing for an MPA. You can read all the details and provide your feedback HERE
The 'Bitshares Community 100 Cities 100 Stores' started by Guo An has reached 45 physical stores in China. The program aims to promote the unity, love and mutual assistance of the members of the BitShares community, by providing offline meeting places at various cities. More information HERE
@alexpmorris has released a HOWTO Encrypt and Decrypt BitShares Memos in Either JavaScript or Java guide. The guide provides information around the process and the code to get the job done. You can find more information HERE
Spark has released an article 'How True Decentralised Exchanges Work'. The article features the new SparkDex and focuses on 3 key concepts Fund management, Order books and Crypto transactions. More information HERE
Kevin Messerly has done an interview with Jenn Nelson and Mr. Rose from the Crossing the chain podcast in and episode titled 'Bitshares: King Of The DEX (with guest Kevin Messerly)'. You can find the podcast link 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
Current registered wallets/accounts within the Bitshares network is 1066828 1071589; an increase of 4761 wallets/accounts since last week
Smartcoin issuance chart showing weekly change since the start of 2017
Beet - Bitshares Companion application - source
SparkDex trading interface - source
BitFest Amsterdam - 21st to 23rd of September 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 | 2,654,452,625 |  1,666,793.00 | 0.06% |
| BTS Stealth | 285,272 | - | 0.00% |
| BTS in Open Orders (DEX - T250) | 12698261 | - | 0.00% |
| Reserve Pool | 946,120,529 |  -1,666,793.00 | -0.17% |
| Collateral (top 250) backing Smartcoins | 466,709,298 | - | 0.00% |
| Top 100 Total | 1,484,160,236 | - | 0.00% |
| Top 100 - minus Exchanges | 716,624,871 | - | 0.00% |
| Exchanges | 767,535,365 | - | 0.00% |
| Non Exchanges | 1,886,917,260 | 1,666,793.00 | 0.09% |
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 | 0.00001654 | 0.11613826 | 32,999,918.74 | 3,832,553.23 | 48.9% | 70.5% |
| USDT | 0.11644931 | 0.12 | 30,961,257.58 | 3,604,952.93 | 45.9% | 18.0% |
| ETH | 0.00039083 | 0.113913 | 3,012,660.04 | 343,181.15 | 4.5% | 8.0% |
Worker Proposals
This section will identify the current approved and pending worker proposals
Active Worker:
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, Bridge.BTC 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 | 2,654,452,625 | 0.1117 | 296,608,536 | $296,608,536.32 | 0.063% |
| BTS Stealth | 285,272 | 0.1117 | 31,876 | $31,876.29 | 0.000% |
| Reserve Pool | 946,120,529 | 0.1117 | 105,719,508 | $105,719,507.91 | -0.176% |
| BitUSD | 10,392,285 | 8.95 | 93,010,951 | $10,393,043.64 | -0.461% |
| BitCNY | 138,275,651 | 1.313 | 181,555,930 | $20,287,059.59 | 1.773% |
| BitEUR | 76,366 | 10.5 | 801,843 | $89,597.94 | -0.017% |
| BitBTC | 50.7 | 61,868 | 3,136,708 | $350,495.71 | 0.000% |
| BitGold | 189.4 | 10,761 | 2,038,133 | $227,741.03 | 0.000% |
| BitSilver | 21,761 | 132.8 | 2,889,861 | $322,913.05 | 0.000% |
| Ruble | 6,780,255 | 0.1328 | 900,418 | $100,612.69 | -0.702% |
| HERO | 721 | 1,478 | 1,065,638 | $119,074.39 | -0.552% |
Active Witnesses
This section will track top 30 active witnesses and the changes in support
| Rank | Witness | Votes | Missed | Missed W/W |
|---|---|---|---|---|
| 1 | in.abit 1.6.35 | 720.9 | 794 | 2 |
| 2 | bhuz 1.6.17 | 680 | 1942 | |
| 3 | abc123 1.6.65 | 677.1 | 1428 | |
| 4 | verbaltech2 1.6.34 | 670 | 4135 | |
| 5 | rnglab 1.6.45 | 648.2 | 2399 | 2 |
| 6 | elmato 1.6.20 | 648 | 4483 | |
| 7 | xman 1.6.64 | 646.5 | 1854 | |
| 8 | sahkan-bitshares 1.6.73 | 645.8 | 1564 | 6 |
| 9 | xeldal 1.6.22 | 642.8 | 2825 | |
| 10 | witness.still 1.6.69 | 640.7 | 9423 | |
| 11 | fox 1.6.16 | 631.4 | 4694 | 2 |
| 12 | roelandp 1.6.74 | 631 | 147 | 3 |
| 13 | xn-delegate 1.6.59 | 626.8 | 3713 | |
| 14 | blckchnd 1.6.75 | 626.7 | 1032 | 1 |
| 15 | bangzi 1.6.116 | 574.8 | 40 | 1 |
| 16 | delegate-1.lafona 1.6.28 | 565.2 | 5003 | 1 |
| 17 | crazybit 1.6.84 | 564.8 | 778 | 3 |
| 18 | witness.hiblockchain 1.6.105 | 547.1 | 757 | 3 |
| 19 | witness.yao 1.6.71 | 544.2 | 4058 | |
| 20 | magicwallet.witness 1.6.110 | 542.9 | 143 | 1 |
| 21 | delegate.freedom 1.6.63 | 542.8 | 4995 | 1 |
| 22 | openledger-dc 1.6.76 | 531.2 | 812 | 3 |
| 23 | clockwork 1.6.117 | 521.1 | 103 | |
| 24 | gdex-witness 1.6.120 | 475.7 | 80 | |
| 25 | zapata42-witness 1.6.129 | 433.3 | 2 | 2 |
| 26 | winex.witness 1.6.101 | 422.2 | 1166 | 3 |
| 27 | delegate-zhaomu 1.6.98 | 401.9 | 1486 | |
| 28 | btspp-witness 1.6.131 | 388.4 | 2 | 2 |
| 29 | mr.agsexplorer 1.6.24 | 285.3 | 9130 | |
| 30 | delegate-clayop 1.6.27 | 253.1 | 5200 |
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Cheers for the shout out - Check out the Github discussion 👍
I'd appreciate any questions or suggestions regarding the BSIP.
Keep up the great work with these reports @steempower
BitShares grows from strength to strength. Great report and round up of all the important happenings. This is the best and only original BitShares weekly report!
Thanks for this great data... It's so comforting to see the stats and ongoing health of the Bitshares network.
It's a very busy network.
I've been waiting for that BSIP to be proposed for years! So happy it's finally coming to the DEX. 3x collateral backed by more stable assets backed by 3x collateral? I don't think people understand how much this will increase the value of Bitshares - both in price and its proposition.
waw
Coins mentioned in post:
Nice work. Please keep going!
What happened to the number of accounts holding bts off exchages graph tho?
You have written this exceptionally well which you every time. I love your content and want to read your every post.
BitCrab suggested to add “Price Feed Quality Assessment” column for voters to access the quality of the witness's price feeding especially the quality of implementing BSIP 42: Negative Feedback Mechanism
https://bitsharestalk.org/index.php?topic=26354.msg321722#msg321722