Bitshares - State of the Network - 3rd January 2017

Welcome to the 16th 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 - 3rd 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 submitted a worker proposal running for 3 months for work on the Bitshares GUI. SKV has done a lot of working on the GUI in the past and is no stranger to the task; he has just finished working for OpenLedger to revamp their front end. For more details on the worker proposal see the proposal HERE

• Soledger has been voted out of his active worker proposal due to lack of transparency on his work; they maybe voted back in, but a lesson here is transparency is key. The shareholders needs to know what you are working on and regular updates help provide visibility.

• @blocktrades has recently released a new feature for the OpenLedger.info Bitshares wallet. The Feature is named ‘Internal Conversion’ and allows you to exchange asset ‘x’ for asset ‘y’ in 6 seconds with ease. The Official Announcement can be found HERE

• Peerplays have reconfirmed the date of 13th of Jan 2017 for further information related to their upcoming ICO, and also confirmed the referral rewards program is also still upcoming to help spread to word of the Peerplays ICO and earn some benefits for your efforts

• @kencode has published his weekly update relating to C-IPFS, Android smartcoins wallets and a special comment relating to Stealth and a better method to facilitate the zkSNARK trusted setup. As part of the update Ken has published an Alpha release of their C-IPFS CLI wallet for MAC and Linux, and a release of the new Android Smartcoins wallet. Find Ken's Regular update HERE and comments related to zkSNARK trusted setup HERE

• Christoph Hering (@chris4210) Co-Founder & CEO of Bitshares Munich has also confirmed this week that the Bitshares Stealth products as well as the 6 other projects that the team at Bitshares Munich are working on will all be candidates for profit shares with the Bitshares 'BLOCKPAY' token. That is to say the BLOCKPAY tokens represent a share in the profit centres on all products being developed by the Bitshares Munich team.

• Christoph Hering (@chris4210) Co-Founder & CEO of Bitshares Munich has also shared his vision of Echo (chat messenger), Echo is based on the same technology as the smartcoin wallet and as such it is still in development. Chris's vision for the future of Echo is a chat messenger app that will contain 6 crypto currency wallets built in along with stealth transactions, completely encrypted communication (text, voice and video).. basically the Rolls Royce of chat clients. he has also shared their is a lot of interest coming from other community looking to license the 'white labeled' Smartcoins wallet; this of course will be another income stream for BLOCKPAY holders

• Openledger has preformed their monthly buyback and burn operation on the OBITS tokens. This month saw 163,555 OBITS bought and removed from the open market, Total Value of the Buyback: 2,545,395 BTS / 10.43 BTC. The burn operation has reducing the supply of OBITS to: 17,124,036. you can find out more information about OBITS HERE or see the official announcement and further details HERE

• @xeroc has been preparing a visual dashboard for monitoring our progress with the Bitshares Throughput testing that is being conducted by the community on a decentralized testnet to better understand the performance of the chain. Witness nodes are being built and elected with active witness position on the testnet. Once all witnesses are in place the community will run transaction generation scripts that will attempt to flood the network.

• @apptrade will be presenting in this weeks beyond bitcoin session - AppTrade the stock market of apps founded by American entrepreneur Daniel Pineda. They intend to help developers leverage their app's exposure with collaborative funding and distribution through app portfolios. And diversifying risk for investors across a portfolio of apps. Apptrade intends to use Bitshare's blockchain to create and distribute tokens backed by app revenues.

• @steempowertwins have been working very hard on their 'LIVEnetwork' project and they will be launching their website and Token ICO on January 06, 2017 @ 12:00PM EST - find out more HERE

• The First Bitshares mumble session went off with out a hitch last week and will be a common occurrence each week; this Bitshares focused community discussion will kick off 1 hours before the normal scheduled Beyond Bitcoin hangouts for more details on how to connect check out this weeks Beyond Bitcoin Guest list and be sure to connect in 1 hour early. Connection details HERE

• Openledger has preformed their monthly buyback and burn operation on the BTSR tokens. This month saw 6360.62 BTSR bought and removed from the open market. As well as the supply bought at market the remaining supply held by the bts-bitteaser account is also being burned. The burn operation has reducing the supply of BTSR from 10.6 Million to only 3.4 Million; with further buybacks to continue over the next 6 months.

• Openledger ICOO monthly sharedrop has just commenced. This is the first of the monthly distribution to ICOO holders and the market seems to approve with the price of ICOO doubling after the release of the news earlier this week. The sharedrop this month was 7.8 BTC which is sourced from profits from the OL ICO operations. With Centz and Apptrade up for ICO this month the next distribution could be one to watch

• Openledger is days away from releasing there much awaited new front end / GUI. This secretive project has been under wraps for weeks while the work is being preformed and the whole community is raging to see it unvailed. There are still a few ends to tie up but Ronny Boesing from OpenLedger is hopeful that all will be in place for a release towards the end of this week.

• IOU.Sharedrop - The team at BTSABC have celebrated 2017 with a share from of IOU.XFQ, as i am a holder of IOU.CNY, BitCNY and IOU.ABC i recieved a few of these tokens in my wallet today. This (IOU.XFQ) sharedrop is over now as far as i am aware but for more details on this please see the post from @jademont HERE. Thanks Guys; Happy New Year :)

• MKR is halting trading on their MKR asset on the Bitshares network in favour of their Eth based token or Open.MKR, The only way to redeem your MKR after it has been frozen is to contact us on chat.makerdao.com in channel bobgate. Once you get your full amount of MKR paid out as MKR on the ethereum blockchain you can then start trading with the Ethereum blockchain on https://mkr.makret/ or deposit to the Bitshares blockchain as OPEN.MKR; The official announcement can be found HERE

• The last asset registered this week is asset 1241 and it is named 'LIVENET' registered by 'live-network' with no description.

• Current registered wallets/accounts within the Bitshares network is 152051; an increase of 1251 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	2,578,629,498	330,900.00	0.0128%
BTS Stealth	265,479	722.00	0.27%
BTS in Open Orders (DEX)	44448530.03	-5,766,666.13	-11.48%
Reserve Pool	1,021,942,804	-331,317.00	-0.0324%
RP Accumulated fees	26,905	-	0.00%
Collateral (top 250) backing Smartcoins	274012624	4,671,542.00	1.73%
Top 100 Total	1,379,337,444	7,559,292.74	0.55%
Top 100 - minus Exchanges	548,798,049	3,204,722.83	0.59%
Exchanges	830,539,395	4,354,569.91	0.53%
Non Exchanges	1,748,090,103	-4,023,669.91	-0.23%
Exchanges	830,539,395	4,354,569.91	0.53%

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	0.00000394	0.00415341	13,869,481.43	57,605.59	81.3578	65.69%
CNY	0.02848835	0.0040928	3,178,028.30	13,007.04	18.6422	-51.79%
USD	0.0041841	0.0041841	9.56	0.04	0.0001
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:

• Refund worker - returns unspent budget to the reserve pool

Proposed Worker

• SVK - GUI Development
• Soledger - Vikram/Agent86 - Project administration & essential maintenance
• Chronos Crypto - for the creation of educational youtube videos
• 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, Open.BTC and Cryptoceeds

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	2,578,629,498	0.00414211	2,578,629,498	$10,680,967.03	0.0128%
BTS Stealth	265,479	0.00414211	265,479	$1,099.64	0.27%
Reserve Pool	1,021,942,804	0.00414211	1,021,942,804	$4,232,999.51	-0.0324%
RP Accumulated fees	26,905	0.00414211	26,905	$111.44	0.00%
BitUSD	86,371	249	21,506,379	$89,081.79	-1.30%
BitCNY	1,299,576	34.6	44,965,330	$186,251.34	-3.62%
BitEUR	5,851	259	1,515,409	$6,276.99	0.00%
BitBTC	42.9	253,460	10,873,434	$45,038.96	4.59%
BitGold	11.9	313,070	3,725,533	$15,431.57	-0.17%
BitSilver	1,114	4,540	5,057,560	$20,948.97	-2.75%

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	1855	19
compumatrix1	1635	3
jianjolly-0	592	167
openledger	514	0
btsabc	385	7
fav	319	1
cryptofresh	292	3
ccm2015	223	1
gn1	218	0
cryptocurrency3	174	2
by24seven	145	1
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	36	145	179.8	-5.5
baozi	27	60	90.9	3.5
bitcrab	36	20	89.3	-1.5
laomao	42	4	47.2	0
harvey	58	5	22.4	0.6
bitshares-munich-wallet	5	5	20.9	1.1
bytemaster	38	38	15.3	1.2
fav	24	32	13.8	-0.2
yao	33	34	13.2	3.2
wildman	33	3	11	-0.1

Committee Members

This section will track shareholder approval of committee members

Account	Votes (M)	Votes Change (M)
bitcrab	562.8	0
abit	466.7	0
bhuz	460.2	0
xeroc	441.2	0
bitcube	432.7	0
clayop	417.9	0
dele-puppy	397.5	0
chris4210	322.8	0
ebit	307.9	0
bunkerchainlabs-com	297.3	0
harvey-xts	188.3	0

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	btc38-public-for-bts-cold	369419102.3	0	-	0.00%
2	poloniexcoldstorage	290001202.9	0	-	0.00%
3	poloniexwallet	69787816.04	0	4,995,416.47	7.71%
4	yunbi-cold-wallet	35003434.68	0	-	0.00%
5	pr1modiaprile	24999291.42	0	-	0.00%
6	btercom	22049119.99	0	-	0.00%
7	bittrex-deposit	19841914.43	0	-190,062.87	-0.95%
8	btsx-bitshare	19442259.84	2000000	-	0.00%
9	tsuratsura-3557	19040059.37	0	-	0.00%
10	alohacs	16855553.92	0	-	0.00%
11	duecastori2014	16056319.54	0	950,625.47	6.29%
12	stan	15834788.33	0	-	0.00%
13	evan	12118147.13	0	-	0.00%
14	cass	12067520.9	0	-	0.00%
15	funnycat-air	11092404.01	9588000	1,099,179.08	11.00%
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	jiny2	9426718.577	0	-	0.00%
21	virtual-ventures	9318077.011	0	-	0.00%
22	suyuekuangcheng666	8899394.368	6644200	0.13	0.00%
23	roje	8850428.578	0	-	0.00%
24	bitshares-munich-wallet	8378373.755	0	-30.31	0.00%
25	flyingmind2	8314782.289	0	-2,000,002.80	-19.39%
26	yun-bts	8123136.467	0	-347,743.87	-4.11%
27	cievia-waugaman	7990212.567	0	-	0.00%
28	ccedk.escrow2	7850300.848	0	-	0.00%
29	bc-godpay	7563433.058	0	-	0.00%
30	abinia-rivard	6550561.954	0	-	0.00%
31	artemisa52	6460382.762	0	-	0.00%
32	coldstorage1	6400000	0	400,000.00	6.67%
33	jonnybitcoin	6257605.923	500000	738,935.90	13.39%
34	goldsix	6050400.848	0	-	0.00%
35	ubris	5999999.845	0	-	0.00%
36	fericia-brick	5766621.727	0	5766621.727	New to Top 1000
37	btszhqxf	5734710.5	0	-	0.00%
38	miso69	5478227.737	0	-	0.00%
39	linhan	5425093.721	0	-	0.00%
40	cadord-ozois	5423172.409	0	-	0.00%
41	dev.bitsharesblocks	5408873.002	1064522.017	-7,338.17	-0.14%
42	pay.xeroc	5390381.602	0	-	0.00%
43	cissy	5383923.483	10000	-	0.00%
44	bristolbay	5325002.672	0	-	0.00%
45	xhunter	5233237.27	0	-	0.00%
46	crypto123	5228803.808	0	-	0.00%
47	ironbank	5144966.404	8000	-	0.00%
48	lzr1900	5144482.291	0	-144,500.31	-2.73%
49	laow	5057707.821	0	-	0.00%
50	roland.sun	5022491.809	0	-	0.00%
51	blocktrades	4994545.222	6722.16862	-450,783.69	-8.28%
52	cnfund	4974188.064	0	-	0.00%
53	enki	4842558.606	115910.7804	1,276,949.06	35.81%
54	prebuffo1970	4834033.226	0	-	0.00%
55	mybak	4709246.334	0	-	0.00%
56	maemon-personal	4700315.006	0	-1,975,044.98	-29.59%
57	harvey	4670951.007	36239.65001	-0.52	0.00%
58	spring	4556807.463	110000	1,555,240.95	51.81%
59	bts88	4527532	0	-	0.00%
60	impseu1	4432045.44	0	-	0.00%
61	btsxzzh2	4348431.46	0	-	0.00%
62	trans.bot	4165651.464	425751	390,133.70	10.33%
63	stellar	4118034.258	4637.1	-	0.00%
64	slim	4100811.632	0	-	0.00%
65	lambda1	4047823.059	0	-	0.00%
66	kimziv0	4037408.259	0	338.21	0.01%
67	elendasa-benjamin	3925769.873	0	140,095.70	3.70%
68	hermes3	3832194.901	0	-	0.00%
69	freehawk	3811954.361	0	-	0.00%
70	l0000	3791123.62	0	-0.29	0.00%
71	bunkerchainlabs-com	3776677.85	0	-0.42	0.00%
72	wys	3706185.413	0	-	0.00%
73	teiva	3701594.187	0	-1.37	0.00%
74	jaehyuk	3627054.384	0	-	0.00%
75	mike-primorac	3479329.453	0	-	0.00%
76	koocaa	3453196.418	0	-	0.00%
77	btsxcn	3376400.917	0	-	0.00%
78	tomo	3353778.54	0	-	0.00%
79	tomotomo1	3332277.428	0	-	0.00%
80	ags	3256677.911	0	-	0.00%
81	scottmclane	3251127.476	0	-	0.00%
82	chryspano	3200097.451	0	-	0.00%
83	bafohald-degeorge	3189865.947	0	-	0.00%
84	sauron	3138969.719	0	-	0.00%
85	freedom35	3099994.717	0	-	0.00%
86	kencode	3076179.518	0	234,265.15	8.24%
87	agamer	3022267.937	0	-	0.00%
88	null-account	3011942.766	0	-	0.00%
89	profoot	3000002.391	0	-	0.00%
90	anonym7	2972988.998	0	-	0.00%
91	sk	2970069.669	0	-	0.00%
92	graphene2015	2887537.68	150000	1.03	0.00%
93	ccddd	2800000	0	-	0.00%
94	bang-king	2770423.146	0	-0.32	0.00%
95	satoshi-pie	2757843.833	0	-	0.00%
96	mostar	2751889.402	22900	-	0.00%
97	aboy	2693919.706	300000	0.65	0.00%
98	rand1	2586346.83	0	-	0.00%
99	kan791	2569361.488	0	-	0.00%
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! :)

Image Credit: @cass