Welcome to the 63rd 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 November 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.
Observation from this week
This section will highlight any observations made while analysing the data.
This week has seen a massive 36% increase in the smartcoin supply within the Bitshares platform. The largest increase in circulating supply came from BitUSD which has increased by 40% and BitCNY by 22%
Bitshares will get a consensus level upgrade in the coming weeks. The protocol upgrade to Bitshares Core 2.0.171105a has been scheduled for the 8th of December 2017 at 15:40:00 UTC. All participating witnesses are reminded to upgrade the core software before the change. More details HERE
A new Bitshares gateway and hosted wallet have launched this week GDEX.IO, The GDEX gateway only supports BTC at the moment but they are looking to add ETH, NEO, QTUM, BCH, IOTA and more in the near future. GDEX is operated by OBSIDIAN TECHNOLOGY CO. PTE. LTD. a company incorporated under the laws of Singapore Republic, the support team work in the office in Shanghai, China. You can find more information HERE
@abit has used the worker proposal system to gauge shareholder support for BSIP-26 - Refund Order Creation Fee in Originally Paid Asset on Cancel and BSIP-27 - Asset Issuer Reclaim Fee Pool Funds. If you support the BSIP's and would like to see them implemented you can vote on the proposals within Bitshares Wallet under the 'Voting' tab.
PoloniEX has re-enabled its Bitshares wallet for Deposit and Withdrawal. Still no statement has been made as to the reason why it was disabled. The Bitshares spokesperson is still awaiting a response..
@apasia.tech has developed a 'Rough Guide to WALLET MANAGEMENT on the BitShares DEX' and a 'Rough Guide to Trading on BitShares DEX for beginners'. Despite the titles both these guides are great resources and go into a good level of detail.
Details of another Bitcoin hardfork has surfaced.. Lightning Bitcoin (LBTC) is proposed to form Bitcoin on block #499,999 (~23rd of December 2017). The forked chain will mirror balances onto a chain running DPOS (Delegated Prrof of Stake). Not a lot of details are out so far but what ever the case this maybe great exposure for Bitshares and the DPOS consensus mechanism. You can find more details HERE
A few Bitshares related articles have been released on Huffington post this week; Authored by @Michaelx you can see from the level of detail and length of these post he has been very busy. Please find the links to follow: Is Tether (USDT) Being Used for Money Laundering?, How The Blockchain Is Revolutionizing The Remittance Industry For The Unbanked, Is Poloniex Manipulating the Price of BitShares and Tether’s USDT Hacked for $31 Million
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 476275; an increase of 7479 wallets/accounts since last week
This week’s Bitshares hangout recording has been published and is available HERE
The last asset registered this week is asset #2422 and it is named 'OPEN.RZM' registered by 'openledger-wallet' with the description 'OpenLedger baked asset 1:1 razoom RZN. Learn more on: https://razoom.org/'.
Smartcoin issuance chart showing weekly change since the start of 2017
# of Accounts holding BTS (only have 6 weeks of data so far)
Cryptocurrency comparison
BitAssets - counterparty risk free stable coins
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 | 2,602,961,133 |  604,400.00 | 0.02% |
| BTS Stealth | 287,432 |  -45.00 | -0.02% |
| BTS in Open Orders (DEX - T250) | 9658800.83 | -2,437,855.00 | -23.43% |
| Reserve Pool | 997,614,323 | -601,899.00 | -0.06% |
| RP Accumulated fees | 192,214 | 835.00 | 0.44% |
| Collateral (top 250) backing Smartcoins | 449334292 | 26,015,682.00 | 6.04% |
| Top 100 Total | 1,159,863,562 | -34,524,178.00 | -2.88% |
| Top 100 - minus Exchanges | 500,375,237 | 8,539,168.00 | 1.79% |
| Exchanges | 659,488,325 | -43,063,346.00 | -5.95% |
| Non Exchanges | 1,943,472,808 | 43,667,746.00 | 2.33% |
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 |
|---|---|---|---|---|---|---|
| BNB | 0.08029 | 0.15158961 | 134,482,815.86 | 20,386,197.06 | 52% | First week BNB |
| BTC | 0.00001541 | 0.15 | 66,930,123.92 | 10,128,013.82 | 25.9% | -1.4% |
| ETH | 0.00032681 | 0.15090198 | 38,503,897.55 | 5,810,314.44 | 14.9% | 8.3% |
| USDT | 0.1504 | 0.15034165 | 18,540,388 | 2,787,392.48 | 7.2% | -48.0% |
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
- Joint Marketing Campaign of Exchanges WP
- 201710-spokesperson
- BitShares Greater China Representative
- Refund400k
Proposed Worker
- Abit - Core Developer - 201712~201803
- 2017-12-blockchainacademy
- 201712-infrastructure
- 201710-compliance
- Soledger - Vikram/Agent86 - Project administration & essential maintenance
- Fund to pay dividend
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 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 | 2,602,961,133 | 0.152 | 2,602,961,133 | $394,740,643.63 | 0.023% |
| BTS Stealth | 287,432 | 0.152 | 287,432 | $43,589.24 | -0.016% |
| Reserve Pool | 997,614,323 | 0.152 | 997,614,323 | $151,288,820.63 | -0.060% |
| Accumulated fees | 192,214 | 0.152 | 192,214 | $29,149.37 | 0.436% |
| BitUSD | 6,735,221 | 6.39 | 43,038,062 | $6,735,221.00 | 40.399% |
| BitCNY | 80,047,857 | 0.971 | 77,726,469 | $11,787,266.46 | 22.415% |
| BitEUR | 75,537 | 7.61 | 574,837 | $87,174.32 | -4.132% |
| BitBTC | 49.9 | 64,040 | 3,195,596 | $484,614.08 | -4.038% |
| BitGold | 90 | 8544 | 768,960 | $116,613.25 | 0.000% |
| BitSilver | 8,820 | 113 | 996,660 | $151,144.10 | 0.000% |
| Ruble | 3,229,468 | 0.1093 | 352,981 | $53,529.76 | 19.543% |
| HERO | 1,522 | 1,046 | 1,592,012 | $241,429.59 | -4.035% |
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 | 5327 | 14 |
| btsabc | 4671 | 34 |
| compumatrix1 | 2468 | 3 |
| sdr | 2345 | 0 |
| digital-nomad | 2181 | 32 |
| jianjolly-0 | 1743 | 0 |
| bituniverse | 1736 | 172 |
| stormheart | 1145 | 0 |
| cryptofresh | 1069 | 22 |
| magicw | 924 | 130 |
| xeroc | 911 | 11 |
| ebit | 792 | 4 |
| fav | 701 | 3 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| xeroc | 31 | 216 | 233.9 | 1.4 |
| bitcrab | 66 | 73 | 220.6 | 8.3 |
| still | 10 | 207 | 95.8 | 8.8 |
| baozi | 23 | 70 | 55.6 | 0.4 |
| bitshareseurope | 0 | 368 | 44 | 29 |
| fav | 22 | 131 | 39.6 | 0.4 |
| blckchnd | 22 | 761 | 24.7 | 0.3 |
| laomao | 35 | 4 | 24.6 | -4.3 |
| openledger | 2 | 1772 | 21.1 | 8.3 |
| abit | 41 | 464 | 16.6 | -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 | 868 | 707 | 2 |
| 2 | witness.yao 1.6.71 | 783.7 | 3555 | 3 |
| 3 | openledger-dc 1.6.76 | 780.5 | 601 | 10 |
| 4 | witness.still 1.6.69 | 773.8 | 9113 | |
| 5 | bhuz 1.6.17 | 768 | 1570 | 4 |
| 6 | xn-delegate 1.6.59 | 757 | 2818 | 1 |
| 7 | roelandp 1.6.74 | 716 | 27 | |
| 8 | blckchnd 1.6.75 | 713.4 | 902 | 3 |
| 9 | sahkan-bitshares 1.6.73 | 697.5 | 893 | 3 |
| 10 | rnglab 1.6.45 | 676 | 2062 | 5 |
| 11 | crazybit 1.6.84 | 675 | 452 | |
| 12 | delegate-1.lafona 1.6.28 | 669.6 | 2810 | 1 |
| 13 | xeldal 1.6.22 | 615.3 | 2253 | |
| 14 | abc123 1.6.65 | 587 | 1274 | 2 |
| 15 | delegate.baozi 1.6.37 | 570.8 | 1470 | |
| 16 | xman 1.6.64 | 528.3 | 1641 | 1 |
| 17 | wackou 1.6.18 | 517.6 | 1843 | 1 |
| 18 | verbaltech2 1.6.34 | 502.4 | 3819 | 3 |
| 19 | delegate.freedom 1.6.63 | 481.4 | 4861 | 1 |
| 20 | delegate.ihashfury 1.6.26 | 432.5 | 869 | |
| 21 | elmato 1.6.20 | 418.9 | 4269 | |
| 22 | mr.agsexplorer 1.6.24 | 410.7 | 5725 | |
| 23 | fox 1.6.16 | 374 | 3608 | |
| 24 | cyrano 1.6.21 | 352.5 | 3539 | |
| 25 | delegate-clayop 1.6.27 | 350.5 | 4842 |
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(inc orders) | Orders | Change W/W | Change W/W % |
|---|---|---|---|---|---|
| 1 | poloniexcoldstorage | 230,001,204 | 0 | - | 0.00% |
| 2 | poloniexwallet | 186,193,128 | 0 | -42,042,032.00 | -18.42% |
| 3 | bitcc-bts-cold | 81,042,349 | 0 | -13,000,001.00 | -13.82% |
| 4 | bittrex-deposit | 54,816,563 | 0 | -7,056,697.00 | -11.41% |
| 5 | zbbts | 49,772,737 | 0 | 7,921,464.00 | 18.93% |
| 6 | binance-bts-1 | 37,847,177 | 0 | 33,414,057.00 | 753.74% |
| 7 | btschbtc | 28,000,988 | 0 | - | 0.00% |
| 8 | yun-bts | 24,515,231 | 0 | -4,365,431.00 | -15.12% |
| 9 | stan | 15,201,023 | 0 | -16,597.00 | -0.11% |
| 10 | a2dcdf323a8a576408f62604b17a8a52 | 14,821,435 | 0 | 7,355,521.00 | 98.52% |
| 11 | jubi-bts | 14,622,574 | 0 | -10,013,242.00 | -40.65% |
| 12 | echocold1 | 12,847,656 | 0 | - | 0.00% |
| 13 | alexna64 | 12,143,695 | 0 | - | 0.00% |
| 14 | evan | 10,659,692 | 0 | - | 0.00% |
| 15 | coinegg-main | 9,652,950 | 0 | 8,652,950.00 | 865.30% |
| 16 | getch-bts | 9,533,359 | 0 | - | 0.00% |
| 17 | virtual-ventures | 9,318,078 | 0 | - | 0.00% |
| 18 | abc.btsbots | 9,000,045 | 25000 | -5,500,000.00 | -37.93% |
| 19 | roje | 8,850,419 | 0 | - | 0.00% |
| 20 | ibilitlan-scoltock | 8,673,958 | 0 | - | 0.00% |
| 21 | cievia-waugaman | 7,990,213 | 0 | - | 0.00% |
| 22 | graphene2015 | 7,744,451 | 0 | - | 0.00% |
| 23 | bts-subscribe | 7,667,591 | 0 | 92,471.00 | 1.22% |
| 24 | invictus | 7,494,364 | 0 | - | 0.00% |
| 25 | jiny2 | 7,438,984 | 0 | - | 0.00% |
| 26 | haeassa-granovsky | 7,431,931 | 0 | - | 0.00% |
| 27 | cass | 7,000,020 | 0 | 10.00 | 0.00% |
| 28 | bts-scotter | 6,885,207 | 112 | - | 0.00% |
| 29 | abinia-rivard | 6,550,563 | 0 | - | 0.00% |
| 30 | keebler-kahn | 6,500,770 | 0 | - | 0.00% |
| 31 | tyrone-shoelaces | 6,306,090 | 0 | 310,000.00 | 5.17% |
| 32 | fericia-brick | 5,766,623 | 0 | - | 0.00% |
| 33 | btszhqxf | 5,734,712 | 0 | - | 0.00% |
| 34 | tsuratsura-3557 | 5,667,772 | 0 | - | 0.00% |
| 35 | yoyow.team | 5,579,049 | 0 | - | 0.00% |
| 36 | storj | 5,547,726 | 0 | - | 0.00% |
| 37 | spring | 5,482,704 | 0 | - | 0.00% |
| 38 | hnnr8 | 5,460,997 | 0 | - | 0.00% |
| 39 | linhan | 5,425,095 | 0 | - | 0.00% |
| 40 | cadord-ozois | 5,423,173 | 0 | - | 0.00% |
| 41 | xhunter | 5,192,094 | 0 | - | 0.00% |
| 42 | jeraud-kanze | 5,172,698 | 0 | - | 0.00% |
| 43 | btsabc-lclouis326 | 5,101,288 | 0 | - | 0.00% |
| 44 | brother-john | 5,074,573 | 0 | - | 0.00% |
| 45 | bitcoinindonesia | 5,014,830 | 0 | 1,094,402.00 | 27.92% |
| 46 | arbor4 | 5,008,537 | 0 | - | 0.00% |
| 47 | geravia-mackinnon | 4,777,691 | 0 | - | 0.00% |
| 48 | stat-dude | 4,745,064 | 447826 | 1,392,763.00 | 41.55% |
| 49 | ajc14 | 4,583,601 | 3133777 | 1,274,046.00 | 38.50% |
| 50 | oh-bts | 4,417,085 | 0 | - | 0.00% |
| 51 | xgqing | 4,351,903 | 0 | - | 0.00% |
| 52 | btsxzzh2 | 4,348,432 | 0 | - | 0.00% |
| 53 | quonael-lievesley | 4,087,235 | 0 | - | 0.00% |
| 54 | coldstorage1 | 4,000,000 | 0 | - | 0.00% |
| 55 | super-bts | 3,999,990 | 0 | - | 0.00% |
| 56 | slim | 3,946,554 | 0 | -111,086.00 | -2.74% |
| 57 | wesley-waugaman | 3,921,027 | 0 | - | 0.00% |
| 58 | serg | 3,867,349 | 0 | - | 0.00% |
| 59 | livecoin-net | 3,790,049 | 0 | 111,531.00 | 3.03% |
| 60 | goodc0re | 3,778,207 | 0 | - | 0.00% |
| 61 | zbsend | 3,764,603 | 0 | -2,408,263.00 | -39.01% |
| 62 | bts-morning | 3,761,523 | 0 | -445,089.00 | -10.58% |
| 63 | jackkang | 3,482,938 | 0 | - | 0.00% |
| 64 | binance-bitshares-gvbdb84k6h | 3,465,399 | 0 | 2,465,399.00 | 246.54% |
| 65 | aex-bts-deposit-wallet | 3,463,201 | 0 | 2,105,050.00 | 154.99% |
| 66 | bitspark-deposit | 3,405,162 | 0 | 2,405,162.00 | 240.52% |
| 67 | laplap5 | 3,341,271 | 0 | - | 0.00% |
| 68 | jaehyuk | 3,227,053 | 0 | - | 0.00% |
| 69 | bafohald-degeorge | 3,189,866 | 0 | - | 0.00% |
| 70 | scottmclane | 3,177,116 | 0 | - | 0.00% |
| 71 | wind-flower | 3,174,192 | 0 | - | 0.00% |
| 72 | bilbo-baggins | 3,151,030 | 0 | - | 0.00% |
| 73 | lao-wallet | 3,140,242 | 0 | - | 0.00% |
| 74 | onceuponatime | 3,070,626 | 144413 | 1,290,070.00 | 72.45% |
| 75 | null-account | 3,011,947 | 0 | - | 0.00% |
| 76 | billion-hero-prize | 3,000,000 | 0 | - | 0.00% |
| 77 | tel-911 | 2,909,136 | 0 | - | 0.00% |
| 78 | cny123 | 2,868,564 | 0 | 1,868,564.00 | 186.86% |
| 79 | kryptobeast07 | 2,849,780 | 0 | -200.00 | -0.01% |
| 80 | the-ae | 2,849,063 | 0 | -2,044,380.00 | -41.78% |
| 81 | koocaa | 2,781,355 | 0 | - | 0.00% |
| 82 | tong-xin | 2,772,166 | 2772001 | - | 0.00% |
| 83 | ld636433 | 2,771,983 | 0 | 874,979.00 | 46.12% |
| 84 | roland.sun | 2,733,575 | 0 | - | 0.00% |
| 85 | random123 | 2,700,607 | 0 | - | 0.00% |
| 86 | hardfork2 | 2,545,413 | 0 | - | 0.00% |
| 87 | chainsquad | 2,528,014 | 0 | - | 0.00% |
| 88 | thread | 2,526,068 | 0 | - | 0.00% |
| 89 | aqiang.rmb.send | 2,522,545 | 0 | 2,222,504.00 | 740.73% |
| 90 | hodor | 2,509,880 | 0 | - | 0.00% |
| 91 | dark-angel | 2,505,777 | 0 | - | 0.00% |
| 92 | mybak | 2,502,717 | 0 | -107.00 | 0.00% |
| 93 | btercom | 2,449,111 | 0 | - | 0.00% |
| 94 | dev.bitsharesblocks | 2,419,671 | 0 | - | 0.00% |
| 95 | wys | 2,366,916 | 0 | -758,004.00 | -24.26% |
| 96 | spook | 2,296,849 | 0 | - | 0.00% |
| 97 | poloniex | 2,234,244 | 0 | - | 0.00% |
| 98 | nana-roseannadana | 2,209,986 | 0 | - | 0.00% |
| 99 | yvg1900 | 2,201,037 | 0 | - | 0.00% |
| 100 | kedaliwin-tefft | 2,192,433 | 0 | - | 0.00% |
Thanks for viewing :)
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