Bitshares - State of the Network - 10th January 2017
Welcome to the 17th 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 - 10th January 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.
@svk has had his worker proposal approved and will commence work on the Bitshares GUI. He has detailed some items on his list as to what he plans to work on in the 3 month term of the worker proposal; highlights of which include: Overhaul the “market engine”, react-stockcharts (Improve charting performance & Add advanced charting tools (standard lines, fibonacci, etc)) and bug fixes and resolution of some open issues. You can find the full proposal (#4) HERE
Soledger's 'Project administration & essential maintenance' worker proposal has been voted back in after a temporary suspension due to holidays and some confusion as to work preforms / pending. You can see Vikram's proposed work going forward HERE
Openledger has released their new simplified user interface which is focused on providing the core wallet functionalities including deposit, withdraw and transfer and even buying and selling assets via the Bitshares DEX in a simple dashboard. Advanced features are still available to users that prefer the original wallet layout. Sign up for a Free account and check out the new UI HERE
Peerplays, Jonathan Baha'i will be releasing information on the Peerplays ICO and further information regarding their plans going forward on this weeks Beyond Bitcoin hangout (3PM UTC on the 13th of Jan), followed by press releases on all the normal communication channels (peerplays.com/new, @peerplays) - Connection details for the Mumble can be found HERE.
Christoph Hering (@chris4210) Co-Founder & CEO of Bitshares Munich (creator's of Blockpay) has talked about their plans for next year in relation to upcoming ICO this summer, the team will also be attending and speaking at a number of events and visiting some larger cities around the world; meeting with partners and ambassadors. Chris has also been working with updates to their blockpay.ch website. Keep an eye on all the news on Discord or the Official Blockpay.ch website. Listen to Chris's weekly update on the Beyond Bitcoin Mumble (starting at 27:09) Here
@peerplays is hiring new Peerplays core team members, working out of Nova Scotia Canada; they are currently looking for developers with experience in javascript, redux and react-js, C++ developers and also people focusing on marketing. For further details contact the team via social media, peerplays.chat or send an email to powerup[at]peerplays.com. Listen to Jonathan 's weekly update at the Beyond Bitcoin Mumble (starting at 5:55) Here
Vikram has proposed and executed a plan to reduce the number of categories and sub forums within the Bitsharestalk forum. This has resulted in a active topics being more visible without the need to trawl through many sub forums. Check out the changes HERE
Bitshares TESTNET throughput testing is gaining traction, more witnesses are coming online and @xeroc has been working on a dashboard to help participants and anyone that is interested to keep and eye on the TPS being achieved during the test period.
Christoph Hering (@chris4210) Co-Founder & CEO of Bitshares Munich has hosted the 3rd weekly Bitshares hangout, the recording can be found HERE. The next Bitshares hangout starts at 2PM UTC on the 13th of Jan (This Friday) - connection details can be found HERE
Bitshares witnesses lead by 'Alt' have made a coordinated effort to upgrade price feed data collection and to publishing of prices for gold and silver with more accurate data collected and averaged from multiple sources. Follow the discussion HERE
@kencode has released his weekly updates; highlights include a proposed date for the release of Blockpay v1.5.0 (20th-Jan), Some upcoming tweaks to the Smartcoins wallet, Stealth Core nearly completed (currently working on completing the trustless setup algo) and some updates for the C-IPFS project. Find the report HERE
@abit has been working with a report released by a China research agency detailing potential concerns; The issues range from high to moderate risk level. @abit has contacted the agency and obtained a detailed report of the issue identified which he is now checking over for validity. Of the 4 High risk items; 3 are related to udt4 which not being used in the code and the other 1 looks like a false positive - awaiting confirmation of this. some issues from the moderate risk levels may need to be addressed but these do not translate to any critical risk for users or the platform; find details on the forum HERE
@taskmanager has done a share buyback of his TASKMANAGER asset, 900 Open.Steem and other assets in a lesser degree were used to but back 525 TASKMANAGER tokens at market; reducing the supply.
BTC38 has migrated their cold storage to a new wallet 'bitcc-bts-cold' this wallet is currently #1 on the rich list holding 369,419,070 BTS
The last asset registered this week is asset #1244 and it is named 'STEEMGOLD' registered by '@virtual-growth' with the description 'STEEMGOLD for Steemit Chronicles game.'.
Current registered wallets/accounts within the Bitshares network is 152680 ; an increase of 629 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 | 2,578,985,837 |  356,339.00 | 0.0138% |
| BTS Stealth | 265,479 | - | 0.00% |
| BTS in Open Orders (DEX) | 45156262.41 | 707,732.37 | 1.59% |
| Reserve Pool | 1,021,588,965 |  -353,839.00 | -0.0346% |
| RP Accumulated fees | 26,016 | - | 0.00% |
| Collateral (top 250) backing Smartcoins | 273453323 | -559,301.00 | -0.20% |
| Top 100 Total | 1,379,514,279 | 176,834.26 | 0.013% |
| Top 100 - minus Exchanges | 539,107,969 | -9,690,080.00 | -1.77% |
| Exchanges | 840,406,310 | 9,866,914.26 | 1.19% |
| Non Exchanges | 1,738,579,527 | -9,510,575.26 | -0.54% |
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 | 0.0000042 | 0.00386975 | 10,965,741.41 | 42,434.72 | 52.2467 | -26.34% |
| CNY | 0.02709906 | 0.00391401 | 10,022,340.10 | 39,227.56 | 47.7518 | 201.59% |
| USD | 0.00417869 | 0.00417869 | 315.89 | 1.32 | 0.0015 | |
| EUR | 0.008 | 0.00836144 | 0 | 0 | 0 | |
| NXT | 1.099 | 0.00711708 | 0 | 0 | 0 |
Worker Proposals
This section will identify the current approved and pending worker proposals
Active Worker:
- 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 CNY, Open.BTC and OBITS
Smartcoins
This sections seeks to analyse the current supply and market capitalisation of the Bitshares Smartcoins. We also look at the most active trading pairs of each asset and provide a 1yr view of the price and market cap of each Smart coin.
| Asset | Supply | Price | Market Cap BTS | Market Cap USD | Supply Change W/W |
|---|---|---|---|---|---|
| BTS | 2,578,985,837 | 0.00389089 | 2,578,985,837 | $10,034,550.20 | 0.0138% |
| BTS Stealth | 265,479 | 0.00389089 | 265,479 | $1,032.95 | 0.00% |
| Reserve Pool | 1,021,588,965 | 0.00389089 | 1,021,588,965 | $3,974,890.29 | -0.0346% |
| RP Accumulated fees | 26,016 | 0.00389089 | 26,016 | $101.23 | 0.00% |
| BitUSD | 95,621 | 259 | 24,765,839 | $96,361.16 | 10.57% |
| BitCNY | 939,336 | 36.9 | 34,661,498 | $134,864.08 | -35.47% |
| BitEUR | 5,831 | 273.7 | 1,595,945 | $6,209.65 | -0.35% |
| BitBTC | 43 | 236,451 | 10,167,393 | $39,560.21 | 0.24% |
| BitGold | 9.68 | 308,947 | 2,990,607 | $11,636.12 | -18.75% |
| BitSilver | 1,084 | 4,336 | 4,700,224 | $18,288.05 | -2.85% |
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 | 1885 | 30 |
| compumatrix1 | 1635 | 0 |
| jianjolly-0 | 737 | 145 |
| openledger | 514 | 0 |
| btsabc | 394 | 9 |
| fav | 320 | 1 |
| cryptofresh | 302 | 10 |
| ccm2015 | 223 | 0 |
| gn1 | 222 | 4 |
| cryptocurrency3 | 176 | 2 |
| by24seven | 151 | 6 |
| cat-ch | 119 | 0 |
| ebit | 94 | 0 |
| sdr | 78 | 0 |
| kc007 | 74 | 0 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| xeroc | 37 | 147 | 188.8 | 9 |
| baozi | 13 | 63 | 91.6 | 0.7 |
| bitcrab | 36 | 20 | 89 | -0.3 |
| laomao | 42 | 4 | 46.4 | -0.8 |
| harvey | 50 | 5 | 22.4 | 0 |
| bitshares-munich-wallet | 7 | 5 | 20.8 | -0.1 |
| bytemaster | 38 | 40 | 15.3 | 0 |
| fav | 23 | 32 | 14.3 | 0.5 |
| yao | 33 | 34 | 13.2 | 0 |
| jonnybitcoin | 25 | 11 | 10.7 | 1.7 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 618.5 | 55.7 |
| bhuz | 515.9 | 55.7 |
| abit | 491.6 | 24.9 |
| xeroc | 467.8 | 26.6 |
| clayop | 456.8 | 38.9 |
| dele-puppy | 423.5 | 26 |
| bitcube | 398.8 | -33.9 |
| chris4210 | 364.5 | 41.7 |
| ebit | 345.3 | 37.4 |
| bunkerchainlabs-com | 327.6 | 30.3 |
| harvey-xts | 194.8 | 6.5 |
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 | 369,419,069.61 | New to T1000 |
| 2 | poloniexcoldstorage | 290001202.9 | 0 | - | 0.00% |
| 3 | poloniexwallet | 87015728.86 | 0 | 17,227,912.82 | 24.69% |
| 4 | yunbi-cold-wallet | 35003434.68 | 0 | - | 0.00% |
| 5 | pr1modiaprile | 24999291.42 | 0 | - | 0.00% |
| 6 | bittrex-deposit | 20310670.22 | 0 | 468,755.79 | 2.36% |
| 7 | btsx-bitshare | 19863400 | 0 | 421,140.16 | 2.17% |
| 8 | tsuratsura-3557 | 19040059.37 | 0 | - | 0.00% |
| 9 | btercom | 17049117.35 | 0 | -5,000,002.64 | -22.68% |
| 10 | alohacs | 16855553.92 | 0 | - | 0.00% |
| 11 | duecastori2014 | 16056319.54 | 0 | - | 0.00% |
| 12 | stan | 15834788.33 | 0 | - | 0.00% |
| 13 | evan | 12118147.13 | 0 | - | 0.00% |
| 14 | funnycat-air | 11092403.85 | 9588000 | -0.16 | 0.00% |
| 15 | cass | 11068374.6 | 0 | -999,146.30 | -8.28% |
| 16 | mcxcwbts | 10818456.61 | 0 | - | 0.00% |
| 17 | crypto-maniac | 10597469.97 | 0 | - | 0.00% |
| 18 | hnnr8 | 10471001.86 | 0 | - | 0.00% |
| 19 | invictus | 10455189.96 | 0 | - | 0.00% |
| 20 | virtual-ventures | 9318077.011 | 0 | - | 0.00% |
| 21 | jiny2 | 9297002.902 | 0 | -129,715.68 | -1.38% |
| 22 | jonnybitcoin | 8999997.283 | 0 | 2,742,391.36 | 43.82% |
| 23 | suyuekuangcheng666 | 8899394.368 | 6644200 | - | 0.00% |
| 24 | roje | 8850428.578 | 0 | - | 0.00% |
| 25 | bitshares-munich-wallet | 8348322.507 | 0 | -30,051.25 | -0.36% |
| 26 | cievia-waugaman | 7990212.567 | 0 | - | 0.00% |
| 27 | ccedk.escrow2 | 7850300.559 | 0 | -0.29 | 0.00% |
| 28 | bc-godpay | 7563433.058 | 0 | - | 0.00% |
| 29 | yun-bts | 6967860.285 | 0 | -1,155,276.18 | -14.22% |
| 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 | 4890592.51 | 0 | -83,595.55 | -1.68% |
| 49 | bterdeposit | 4876437.189 | 0 | 4876437.189 | New to T1000 |
| 50 | prebuffo1970 | 4834033.226 | 0 | - | 0.00% |
| 51 | mybak | 4709246.334 | 0 | - | 0.00% |
| 52 | harvey | 4700003.987 | 36239.65001 | 29,052.98 | 0.62% |
| 53 | spring | 4582269.686 | 110000 | 25,462.22 | 0.56% |
| 54 | bts88 | 4527532 | 0 | - | 0.00% |
| 55 | impseu1 | 4432045.44 | 0 | - | 0.00% |
| 56 | btsxzzh2 | 4348431.46 | 0 | - | 0.00% |
| 57 | ddd888 | 4334529.569 | 0 | 4334529.569 | New to T1000 |
| 58 | stellar | 4118034.258 | 4637.1 | - | 0.00% |
| 59 | slim | 4100811.632 | 0 | - | 0.00% |
| 60 | kimziv0 | 4062839.259 | 0 | 25,431.00 | 0.63% |
| 61 | lambda1 | 4047823.059 | 0 | - | 0.00% |
| 62 | elendasa-benjamin | 3925769.873 | 0 | - | 0.00% |
| 63 | lzr1900 | 3900939.953 | 100000 | -1,243,542.34 | -24.17% |
| 64 | hermes3 | 3832194.901 | 0 | - | 0.00% |
| 65 | freehawk | 3811954.361 | 0 | - | 0.00% |
| 66 | bunkerchainlabs-com | 3776677.85 | 0 | - | 0.00% |
| 67 | wys | 3706185.413 | 0 | - | 0.00% |
| 68 | teiva | 3701593.356 | 0 | -0.83 | 0.00% |
| 69 | jaehyuk | 3627054.384 | 0 | - | 0.00% |
| 70 | bitcc-bts | 3588083.675 | 0 | 3588083.675 | New to T1000 |
| 71 | mike-primorac | 3479329.453 | 0 | - | 0.00% |
| 72 | koocaa | 3453196.418 | 0 | - | 0.00% |
| 73 | btsxcn | 3376400.917 | 0 | - | 0.00% |
| 74 | tomo | 3353778.54 | 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 | kencode | 3224114.675 | 0 | 147,935.16 | 4.81% |
| 79 | chryspano | 3200097.451 | 0 | - | 0.00% |
| 80 | trans.bot | 3197536.641 | 428142.3682 | -968,114.82 | -23.24% |
| 81 | bafohald-degeorge | 3189865.947 | 0 | - | 0.00% |
| 82 | sauron | 3138969.719 | 0 | - | 0.00% |
| 83 | freedom35 | 3099994.717 | 0 | - | 0.00% |
| 84 | transres | 3074058.693 | 263123.2731 | 1,363,603.13 | 79.72% |
| 85 | agamer | 3022267.937 | 0 | - | 0.00% |
| 86 | baozi | 3019967.544 | 0 | 3019967.544 | New to T1000 |
| 87 | null-account | 3011942.766 | 0 | - | 0.00% |
| 88 | profoot | 3000002.391 | 0 | - | 0.00% |
| 89 | anonym7 | 2972988.998 | 0 | - | 0.00% |
| 90 | onceuponatime | 2964968.389 | 0 | 463,384.56 | 18.52% |
| 91 | sk | 2960066.895 | 0 | -10,002.77 | -0.34% |
| 92 | graphene2015 | 2931475.333 | 376025.648 | 43,937.65 | 1.52% |
| 93 | satoshi-pie | 2807843.833 | 0 | 50,000.00 | 1.81% |
| 94 | ccddd | 2800000 | 0 | - | 0.00% |
| 95 | bang-king | 2770423.146 | 0 | - | 0.00% |
| 96 | mostar | 2751889.402 | 22900 | - | 0.00% |
| 97 | rand1 | 2586346.83 | 0 | - | 0.00% |
| 98 | kan791 | 2569361.488 | 0 | - | 0.00% |
| 99 | bitcc-bts-withdrawal | 2553878.727 | 0 | 2553878.727 | New to T1000 |
| 100 | dragongroup | 2549459.689 | 0 | - | 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! :)
Wow! It looks like Bitshares is thriving even without Dan.
We sure do have a lot of talented people working of different aspects of the platform and businesses based on the Bitshares.
I'm sure we would all love @dantheman to grace us with his presence again; but for the mean time we have @stan and a very passionate community.
fantastic as always. thanks
Thanks for the comment and the kind words Jonny, happy to hear you are enjoying the reports :)
It reminds of waiting for the Sunday paper every week. Great job.
I try to be consistent with my timing so; don't sit waiting at the mailbox for hours on end. I try my hardest to post at 2:30-3:30pm UTC time every Tuesday.
Thanks for the kind words and i hope i deliver more positive news than the stories in your Sunday paper :)
It seems that the "RP Accumulated fees" are always 26k, at least on the last 5 repports. Is that a coincidence ?
These are the fee collected on the network right ?
It seems oddly stable.
Hi Glitterfart,
Great to see you are really paying attention and digging into the details, A+;
I have noticed that this metric moves slow also and at some stages even reduces, i am getting this data from crpytofresh so it is possible this i not being updated correctly. I think the label i have given it is misleading; i will change this going forward; thank you. This tracks the fees coming from smartcoins fees.
Please see chart below showing data for the last 18 weeks:
Please see the description of this metric from crpytofresh
Accumulated fees: 25,993 BTS
The approximate value, in BTS, of all accumulated SmartCoin fees, shown in the table at the bottom of this page.
It's sad but indeed, cryptofresh is down way to often.
BitShares community is looking to resolve the problem or create another explorer. Meanwhile, you may have some of your data repeating it self when CF freezes.
Great job as aslways, keep it on. Cheers !
Cheers man, Appreciate your attention and thanks for the comment.
I am looking forward to the day i can write that CF is open source :)
I just wanted to say that I have noticed your support on here, over the last while and I am very appreciative @glitterfart.
Thanks a lot.
Barry
Are you working with Steempower on that weekly repport ?
I like to support any effort toward a better understanding of BitShares to the world. Nobody seems to realize that there is a beautiful platform out there aiming to free people from banks and governments, protect their wealth and allow trade freely and anonimously. The world has to wake up and BitShares is a beautiful step in this direction.
Hi there @glitterfart
Are you replying to me or someone else? I was not sure here.
TY again for your votes and support here and there, I do appreciate it.
Have a good day!!
GREART POST!!! Again a giant thank you for sharing these incredible news. All for one and one for all! Namaste :)
Namaste, my friend; Thank you for your regular weekly attention to these reports :)
My pleasure as always, here's two thumbs up and an extra upvote! Namaste :)
very interested in your post@steempower
Great, Thanks for the comment :)
Want to learn all I can about bitshares. I'm on it :)
There is plenty to learn but it is an awesome platform!!. I recommend jumping on the platform via the bitshares light client at bitshares.org or webwallet if yoy prefer at bitshares.openledger.info if you have not already seen the interface.. new users are always blown away. And then check out the history of the platform as told by @stan to understand how we got to where we are; its a great series you can find the first chapters at https://bitsharestalk.org/index.php?topic=14019.0 then the rest of the story thus far is posted on steem. Btw BitaharesDEX telegram chat is always active 24/7 so feel free to join us there :)
Thank you for that :)
Fantastic!! Every day more happy :)
Good job!!
Thanks, Keep smiling :)
The TASKMANAGER:OPEN.STEEM buyback was quietly executed last night. 900 OPEN:STEEM was spent. Additional TASKMANAGER bought by me via various assets was also reserved for a total of 525 TASKMANAGER burned (reserved).
Will do an announcement post when I can get on a trusted desktop or back to my own. This laptop overheats in minutes lagging the simplest of tasks.
Great work!, how regular is the buy back operation so i can keep and eye out for it next time?
Monthly atm, I'll let you know next time if I remember.