Welcome to the 68th 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 - 2nd January 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.
Boxing legend Evander Holyfield is teaming up with Cryptonomex in a full-scale Joint Venture to raise a billion dollars for humanitarian disaster preparedness. Together they will raise a million dollars for the cause and then grow it to a billion dollar endowment by promoting growth in BitShares during the remaining two years of this decade. More information HERE
Bitshares has reached a new All Time High (ATH) this week and has broken the 2 Billion USD market cap barrier
The Smartcoin market now exceeds 100 Million USD all of which is backed by BTS collateral. Current Bitshares collateral backing of the smartcoin economy is valued at over 393 Million USD; That is to say: for each $1 of face value in the smartcoin market there is currently $3.93 of value/collateral (BTS) backing that single $1 all of which is trustlessly secured by smart contracts running on the blockchain!
This week has seen good growth in the Bitshares smartcoin economy seeing BitGold supply increase by 68%, BitCNY supply increase by 40% as well as Ruble up 25%, BitBTC up 18% and USD up 16%.
Boxing legend and hall of famer Evander Holyfield has officially endorsed AriseBank. The slogan 'Join the biggest fight in history' has arisen from the partnership. Picture below.
BitXCD Eastern Caribbean dollar is now live on the Bitshares network. BitXCD is a unique SmartCoin, because it is not backed by BTS but by bitUSD, as a 2nd level SmartCoin. The Eastern Caribbean dollar is subdivided into 100 cents and has been pegged to the United States dollar since 7 July 1976, and the exchange rate is US$1 = EC$2.70 or 0.3704 US cents. Given the fixed exchange rate of this currency and the collateral backing being BitUSD, The collateral requirements have been reduced to 1.001. You can find more information HERE and the original discussion HERE
@ash has released the December Statistics for r/Bitshares a popular Bitshares subreddit on reddit.com. December has shown it has been the most popular moth with page views hitting an all new high which was 15% greater than the previous most popular month in June. Another impressive statistic is that unique visitors has almost doubled the amount registered in June. More information HERE
Bitshares committee members are currently voting on BTS-RFC 1.10.7232. This proposal is proposing a reduction in fees on the Bitshares network and also the reintroduction of the Annual Membership which provides the same benefits of a lifetime membership on a yearly basis.
This week i used a lesser known tool which help me export my whole account history to Excel. This tool was developed by Alfredo who is one of the Bitshares core developers. You can find this tool HERE
BTSBots used to let you run your own market making bot on the BitShares DEX, however it has been shut down now. BTSBots has been "revived" into another web-based bot called BitSharesBOTS. You can find BitsharesBOTS at bitsharesbot.com. Please be advised that parts of this platform a closed source and therefore you should assess the risks before using such a platform.
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 565704; an increase of 24681 wallets/accounts since last week
The last asset registered this week is asset #2677 and it is named 'LUCRAG’ registered by ‘wafflesnsyrup' with the description ‘Lucrative Gold is a Bitshares digital user-issued asset. We invest in low to moderate risk crypto platforms. Profits from investments will be exchanged to Bitshares (BTS). Our investors will get a monthly dividend based on, dividend per share. The minimum amount of LUCRAG to qualify for a monthly dividend is 100 LUCRAG. Dividends will be issued on OpenLedger DEX monthly in Bitshares to qualified holders. More info please go to : https://steemit.com/@lucrative or https://lucrative-asset.com/ LUCRAG is not a legal tender, and is not backed by the government. Please note that we are not responsible for any loss that occurs, or guarantee a monthly dividend.'.
Smartcoin issuance chart showing weekly change since the start of 2017
Evander Holyfield and AriseBank - Join the biggest fight in history
@Stan Larmier and Connie Willis cover the Evander Holyfield news
BitShares: r/BitShares December Stats - source
BITFOLIO MEDIA: "BITSHARES" Under the Hood
Beyond Bitcoin / Bitshares Talk - December 30, 2017
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 | 2,606,533,773 |  482,072.00 | 0.02% |
| BTS Stealth | 287,458 | 1.00 | 0.00% |
| BTS in Open Orders (DEX - T250) | 5248279 |  -108.00 | 0.00% |
| Reserve Pool | 994,039,381 | -482,176.00 | -0.05% |
| RP Accumulated fees | 37,401 | -88.00 | -0.15% |
| Collateral (top 250) backing Smartcoins | 492359266 | -955,223.00 | -0.20% |
| Top 100 Total | 1,088,503,135 | -139,497.00 | -0.01% |
| Top 100 - minus Exchanges | 428,147,355 | -187,115.00 | -0.04% |
| Exchanges | 660,355,780 | 47,618.00 | 0.01% |
| Non Exchanges | 1,946,177,993 | 434,454.00 | 0.02% |
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 | 0.00005195 | 0.78769221 | 90,207,108.55 | 71,055,436.33 | 72% | 128.7% |
| USDT | 0.83652848 | 0.84 | 28,438,953.12 | 23,804,476.70 | 22.7% | 71.6% |
| ETH | 0.00090893 | 0.78585712 | 6,238,325.10 | 4,902,432.22 | 5.0% | 115.8% |
| BNB | 0.09043 | 0.78630215 | 484,857 | 381,244.01 | 0.4% | 152.9% |
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
- 2017-12-blockchainacademy
- Joint Marketing Campaign of Exchanges WP
- 201710-spokesperson
- BitShares Greater China Representative
- 201712-infrastructure
- Refund400k
Proposed Worker
- 2017-12-blockchainacademy
- Crypto-Solutions
- DEXBot - User Friendly BitShares Market Making Software
- 201801-budget-chinese-translations
- 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 | 2,606,533,773 | 0.799 | 2,606,533,773 | $2,082,071,600.75 | 0.018% |
| BTS Stealth | 287,458 | 0.799 | 287,458 | $229,618.41 | 0.000% |
| Reserve Pool | 994,039,381 | 0.799 | 994,039,381 | $794,028,140.61 | -0.048% |
| Accumulated fees | 37,401 | 0.799 | 37,401 | $29,875.52 | -0.235% |
| BitUSD | 27,687,614 | 1.198 | 33,169,762 | $26,495,654.61 | 16.606% |
| BitCNY | 501,229,959 | 0.1826 | 91,524,591 | $73,108,874.57 | 40.309% |
| BitEUR | 118,730 | 1.444 | 171,446 | $136,949.35 | 0.892% |
| BitBTC | 51.2 | 18,781 | 961,587 | $768,105.68 | 18.794% |
| BitGold | 192 | 1,567 | 300,864 | $240,326.98 | 68.717% |
| BitSilver | 20,967 | 20.37 | 427,098 | $341,161.20 | 1.324% |
| Ruble | 13,082,273 | 0.02097 | 274,335 | $219,136.11 | 25.165% |
| HERO | 2,741 | 201.4 | 552,037 | $440,961.63 | 1.858% |
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 | 5371 | 7 |
| btsabc | 5194 | 45 |
| bituniverse | 2728 | 5 |
| compumatrix1 | 2566 | 8 |
| sdr | 2374 | 25 |
| digital-nomad | 2278 | 1 |
| jianjolly-0 | 1743 | 1 |
| cryptofresh | 1289 | 6 |
| stormheart | 1146 | 0 |
| magicw | 1112 | 8 |
| xeroc | 911 | 5 |
| ebit | 855 | 7 |
| bcp2017 | 853 | 1 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| xeroc | 39 | 216 | 249.6 | 0.1 |
| bitcrab | 68 | 73 | 234.7 | 0 |
| openledger | 36 | 6427 | 165.3 | -0.3 |
| still | 23 | 217 | 104.7 | -0.1 |
| bitshareseurope | 0 | 430 | 40.1 | 0 |
| fav | 25 | 150 | 31.4 | 0 |
| baozi | 30 | 66 | 29.7 | 0 |
| blckchnd | 27 | 939 | 25 | 0 |
| abit | 47 | 357 | 18.6 | 0 |
| laomao | 35 | 4 | 15.4 | -0.1 |
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 | 894.6 | 711 | |
| 2 | witness.yao 1.6.71 | 825 | 3557 | |
| 3 | witness.still 1.6.69 | 812.3 | 9190 | |
| 4 | xn-delegate 1.6.59 | 797.3 | 2821 | |
| 5 | bhuz 1.6.17 | 789 | 1577 | 1 |
| 6 | roelandp 1.6.74 | 775.4 | 30 | |
| 7 | delegate-1.lafona 1.6.28 | 708 | 4396 | |
| 8 | xeldal 1.6.22 | 697.3 | 2258 | 1 |
| 9 | crazybit 1.6.84 | 673.1 | 459 | 2 |
| 10 | rnglab 1.6.45 | 659.6 | 2080 | 2 |
| 11 | elmato 1.6.20 | 627.6 | 4283 | 14 |
| 12 | abc123 1.6.65 | 600 | 1274 | |
| 13 | openledger-dc 1.6.76 | 581.1 | 613 | 1 |
| 14 | xman 1.6.64 | 568.9 | 1642 | |
| 15 | verbaltech2 1.6.34 | 537.4 | 3848 | |
| 16 | delegate.freedom 1.6.63 | 529.5 | 4861 | |
| 17 | blckchnd 1.6.75 | 519.2 | 921 | 2 |
| 18 | sahkan-bitshares 1.6.73 | 503.7 | 940 | 42 |
| 19 | billbutler-witness 1.6.92 | 427.6 | 78 | 1 |
| 20 | delegate.ihashfury 1.6.26 | 410.9 | 869 | |
| 21 | delegate.taolje 1.6.38 | 406.1 | 4350 | 2122 |
| 22 | delegate-zhaomu 1.6.98 | 393.7 | 0 | |
| 23 | banxio 1.6.52 | 355.9 | 0 | |
| 24 | plkj 1.6.66 | 355.8 | 0 | |
| 25 | bts-bitshares-argentina 1.6.33 | 354.5 | 29 |
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 | binance-cold-1 | 94,120,776 | 0 | - | 0.00% |
| 3 | poloniexwallet | 83,075,205 | 0 | -376,435.00 | -0.45% |
| 4 | bitcc-bts-cold | 64,261,341 | 0 | - | 0.00% |
| 5 | zbbts | 61,046,370 | 0 | 575,075.00 | 0.95% |
| 6 | bittrex-deposit | 33,306,060 | 0 | - | 0.00% |
| 7 | binance-bts-1 | 32,827,963 | 0 | 73,014.00 | 0.22% |
| 8 | btschbtc | 18,000,986 | 0 | - | 0.00% |
| 9 | yun-bts | 15,495,210 | 0 | -5,032.00 | -0.03% |
| 10 | jubi-bts | 14,591,906 | 0 | - | 0.00% |
| 11 | binance-bitshares-gvbdb84k6h | 13,628,759 | 0 | -219,004.00 | -1.58% |
| 12 | echocold1 | 12,847,656 | 0 | - | 0.00% |
| 13 | alexna64 | 12,143,695 | 0 | - | 0.00% |
| 14 | a2dcdf323a8a576408f62604b17a8a52 | 11,985,834 | 0 | -3,110.00 | -0.03% |
| 15 | evan | 10,659,692 | 0 | - | 0.00% |
| 16 | anonymous | 9,831,943 | 5250 | - | 0.00% |
| 17 | getch-bts | 9,533,359 | 0 | - | 0.00% |
| 18 | graphene2015 | 9,193,781 | 0 | - | 0.00% |
| 19 | roje | 8,850,419 | 0 | - | 0.00% |
| 20 | gamma-rabbit | 8,770,974 | 0 | - | 0.00% |
| 21 | ibilitlan-scoltock | 8,673,958 | 0 | - | 0.00% |
| 22 | cievia-waugaman | 7,990,214 | 0 | - | 0.00% |
| 23 | onceuponatime | 7,696,738 | 67001 | - | 0.00% |
| 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 | coinegg-main | 7,185,104 | 0 | -42,091.00 | -0.58% |
| 28 | cass | 6,800,020 | 0 | - | 0.00% |
| 29 | abinia-rivard | 6,550,563 | 0 | - | 0.00% |
| 30 | keebler-kahn | 6,500,770 | 0 | - | 0.00% |
| 31 | tyrone-shoelaces | 6,498,541 | 0 | - | 0.00% |
| 32 | virtual-ventures | 6,384,404 | 0 | - | 0.00% |
| 33 | stat-dude | 6,316,623 | 149560 | - | 0.00% |
| 34 | fericia-brick | 5,766,623 | 0 | - | 0.00% |
| 35 | btszhqxf | 5,734,712 | 0 | - | 0.00% |
| 36 | bts-morning | 5,615,119 | 0 | - | 0.00% |
| 37 | storj | 5,547,726 | 0 | - | 0.00% |
| 38 | spring | 5,482,704 | 0 | - | 0.00% |
| 39 | hnnr8 | 5,460,997 | 0 | - | 0.00% |
| 40 | linhan | 5,425,095 | 0 | - | 0.00% |
| 41 | cadord-ozois | 5,423,173 | 0 | - | 0.00% |
| 42 | xhunter | 5,192,094 | 0 | - | 0.00% |
| 43 | jeraud-kanze | 5,172,698 | 0 | - | 0.00% |
| 44 | brother-john | 5,074,573 | 0 | - | 0.00% |
| 45 | arbor4 | 5,008,537 | 0 | - | 0.00% |
| 46 | yoyow.team | 5,000,049 | 0 | - | 0.00% |
| 47 | tsuratsura-3557 | 5,000,001 | 0 | - | 0.00% |
| 48 | geravia-mackinnon | 4,777,691 | 0 | - | 0.00% |
| 49 | ld636433 | 4,361,289 | 108,298 | - | 0.00% |
| 50 | xgqing | 4,351,903 | 0 | - | 0.00% |
| 51 | btsxzzh2 | 4,348,432 | 0 | - | 0.00% |
| 52 | bitcoinindonesia | 4,340,054 | 0 | -8,059.00 | -0.19% |
| 53 | bts4lan | 4,239,997 | 0 | -42,353.00 | -0.99% |
| 54 | ranchorelaxo2017 | 4,223,273 | 0 | - | 0.00% |
| 55 | quonael-lievesley | 4,087,235 | 0 | - | 0.00% |
| 56 | coldstorage1 | 4,000,000 | 0 | - | 0.00% |
| 57 | oh-bts | 4,000,000 | 0 | - | 0.00% |
| 58 | super-bts | 3,999,990 | 0 | - | 0.00% |
| 59 | slim | 3,943,654 | 0 | - | 0.00% |
| 60 | wesley-waugaman | 3,921,027 | 0 | - | 0.00% |
| 61 | serg | 3,867,349 | 0 | - | 0.00% |
| 62 | abit | 3,853,281 | 0 | - | 0.00% |
| 63 | goodc0re | 3,778,207 | 0 | - | 0.00% |
| 64 | livecoin-net | 3,683,674 | 0 | - | 0.00% |
| 65 | laplap5 | 3,341,271 | 0 | - | 0.00% |
| 66 | jaehyuk | 3,227,053 | 0 | - | 0.00% |
| 67 | bafohald-degeorge | 3,189,866 | 0 | - | 0.00% |
| 68 | scottmclane | 3,177,116 | 0 | - | 0.00% |
| 69 | bilbo-baggins | 3,151,030 | 0 | - | 0.00% |
| 70 | lao-wallet | 3,140,242 | 0 | - | 0.00% |
| 71 | null-account | 3,011,947 | 0 | - | 0.00% |
| 72 | mcxcwbts | 3,000,686 | 0 | - | 0.00% |
| 73 | bts1492 | 3,000,006 | 0 | - | 0.00% |
| 74 | billion-hero-prize | 3,000,000 | 0 | - | 0.00% |
| 75 | swipetoken888 | 2,950,004 | 0 | -50,001.00 | -1.67% |
| 76 | tel-911 | 2,909,136 | 0 | - | 0.00% |
| 77 | jackkang | 2,882,940 | 0 | - | 0.00% |
| 78 | kryptobeast07 | 2,849,780 | 0 | - | 0.00% |
| 79 | koocaa | 2,781,355 | 0 | - | 0.00% |
| 80 | tong-xin | 2,772,166 | 0 | - | 0.00% |
| 81 | bunkerchainlabs-com | 2,764,630 | 0 | - | 0.00% |
| 82 | zbsend | 2,757,935 | 0 | -41,501.00 | -1.48% |
| 83 | roland.sun | 2,733,575 | 0 | - | 0.00% |
| 84 | hardfork2 | 2,545,413 | 0 | - | 0.00% |
| 85 | chainsquad | 2,528,014 | 0 | - | 0.00% |
| 86 | hodor | 2,509,880 | 0 | - | 0.00% |
| 87 | dark-angel | 2,505,777 | 0 | - | 0.00% |
| 88 | thread | 2,504,935 | 0 | - | 0.00% |
| 89 | sk | 2,500,009 | 0 | - | 0.00% |
| 90 | bitspark-deposit | 2,483,334 | 0 | - | 0.00% |
| 91 | dev.bitsharesblocks | 2,416,712 | 0 | - | 0.00% |
| 92 | spook | 2,296,849 | 0 | - | 0.00% |
| 93 | asdbii-bts | 2,276,999 | 0 | - | 0.00% |
| 94 | abc.btsbots | 2,250,036 | 0 | - | 0.00% |
| 95 | poloniex | 2,247,720 | 0 | - | 0.00% |
| 96 | nana-roseannadana | 2,209,986 | 0 | - | 0.00% |
| 97 | yvg1900 | 2,201,037 | 0 | - | 0.00% |
| 98 | kedaliwin-tefft | 2,192,433 | 0 | - | 0.00% |
| 99 | wayne-btsx | 2,190,912 | 0 | - | 0.00% |
| 100 | random123 | 2,185,847 | 0 | - | 0.00% |
Thanks for viewing :)
I value your feedback.
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I hope you enjoyed this report! :)
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