Bitshares - State of the Network - 9th October 2016
Welcome to the 5th 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 - 9th October 2016
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.
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 | 2,574,586,754 |  283,325 | 0.0110080% |
| BTS Stealth | 258,934 | - | 0.00% |
| BTS in Open Orders (DEX) | 36,409,314 | - | 0.00% |
| Reserve Pool | 1,025,986,242 |  -303,515 | -0.0295603% |
| RP Accumulated fees | 17,071 | - | 0.00% |
| Collateral (top 250) backing Smartcoins | 262,013,342 | 2,997,867 | 1.19% |
| Top 100 Total | 1,313,592,701 | 2,210,563 | 0.17% |
| Top 100 - minus Exchanges | 529,223,521 | 842,652 | 0.16% |
| Exchanges | 784,369,180 | 1,367,911 | 0.19% |
| Non Exchanges | 1,790,217,574 | -1,084,586 | -0.06% |
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 | 0.00000793 | 0.00489719 | 9,254,579.08 | 45,321.39 | 75.9116 | -6.07% |
| CNY | 0.0328002 | 0.00489652 | 2,936,681.67 | 14,379.51 | 24.0884 | 4.75% |
| EUR | 0.00289333 | 0.00323512 | 0.00 | 0.00 | 0.00 | |
| NXT | 0.297 | 0.00365697 | 0.00 | 0.00 | 0.00 | |
| USD | 0.00393195 | 0.00393195 | 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
- Chronos Crypto - for the creation of educational youtube videos
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, USD and COMPUCEEDS
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 | 2,574,586,754 | 0.00487562 | 2,574,586,754 | $12,552,706.67 | 0.0110059% |
| BTS Stealth | 258,934 | 0.00487562 | 258,934 | $1,262.46 | 0.00% |
| Reserve Pool | 1,025,986,242 | 0.00487562 | 1,025,986,242 | $5,002,319.04 | -0.0295740% |
| RP Accumulated fees | 17,071 | 0.00487562 | 17,071 | $83.23 | 0.00% |
| BitUSD | 125,129 | 204.3 | 25,563,855 | $126,860.37 | -8.41% |
| BitCNY | 2,150,939 | 30.66 | 65,947,790 | $327,265.25 | 4.93% |
| BitEUR | 5,992 | 230 | 1,378,160 | $6,839.11 | -0.75% |
| BitBTC | 56.1 | 127,645 | 7,160,885 | $35,535.82 | 0.90% |
| BitGold | 10.74 | 273,250 | 2,934,705 | $14,563.44 | -0.09% |
| BitSilver | 854 | 3,841 | 3,280,214 | $16,278.03 | 3.39% |
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 | 1675 | 45 |
| compumatrix1 | 1613 | 1 |
| openledger | 514 | 1 |
| btsabc | 349 | 3 |
| fav | 311 | 0 |
| cryptofresh | 262 | 0 |
| ccm2015 | 218 | 0 |
| gn1 | 212 | 0 |
| cryptocurrency3 | 152 | 0 |
| by24seven | 130 | 0 |
| cat-ch | 119 | 0 |
| ebit | 92 | 0 |
| sdr | 74 | 0 |
| kc007 | 74 | 0 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| xeroc | 40 | 130 | 172 | 0.4 |
| bitcrab | 36 | 24 | 86.2 | -0.4 |
| baozi | 30 | 50 | 83.4 | 0.4 |
| laomao | 42 | 4 | 43.1 | 0.5 |
| yao | 33 | 33 | 19.2 | -0.2 |
| angel | 53 | 6 | 16.3 | 0.3 |
| harvey | 59 | 4 | 16 | 2.3 |
| bytemaster | 38 | 33 | 11.8 | 0 |
| baicai | 33 | 4 | 10.6 | 0 |
| fav | 23 | 31 | 10.5 | 0 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 565 | 2.4 |
| clayop | 517.7 | 1.7 |
| bhuz | 489.9 | 2 |
| bitcube | 461.2 | 2 |
| abit | 456.8 | 5.8 |
| xeroc | 440.1 | 5.3 |
| dele-puppy | 411.3 | 5.3 |
| ebit | 328.5 | -0.2 |
| chris4210 | 325.8 | 3.2 |
| bunkerchainlabs-com | 315.8 | 5.5 |
| harvey-xts | 196.9 | -0.4 |
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 | poloniexcoldstorage | 290,001,203 | 0 | - | 0.00% |
| 2 | btc38-public-for-bts-cold | 267,419,115 | 0 | - | 0.00% |
| 3 | poloniexwallet | 71,182,208 | 0 | 1,739,535.66 | 2.50% |
| 4 | btc38-btsx-octo-72722 | 43,941,140 | 0 | 2,309,490.40 | 5.55% |
| 5 | yunbi-cold-wallet | 35,003,435 | 0 | - | 0.00% |
| 6 | pr1modiaprile | 24,999,291 | 0 | - | 0.00% |
| 7 | btercom | 22,049,120 | 0 | - | 0.00% |
| 8 | bittrex-deposit | 20,769,919 | 0 | -532,251.25 | -2.50% |
| 9 | blocktrades | 20,090,616 | 6,722 | 1,310,958.44 | 6.98% |
| 10 | cass | 19,058,355 | 0 | - | 0.00% |
| 11 | tsuratsura-3557 | 18,638,560 | 0 | 2,275,586.49 | 13.91% |
| 12 | alohacs | 16,855,554 | 0 | - | 0.00% |
| 13 | duecastori2014 | 15,000,000 | 0 | -1,505,477.57 | -9.12% |
| 14 | bitshares-munich-wallet | 12,649,042 | 0 | -3.41 | 0.00% |
| 15 | evan | 12,118,147 | 0 | - | 0.00% |
| 16 | maemon-personal | 11,090,238 | 0 | - | 0.00% |
| 17 | mcxcwbts | 10,818,457 | 0 | - | 0.00% |
| 18 | crypto-maniac | 10,597,470 | 0 | - | 0.00% |
| 19 | angel | 10,455,196 | 0 | 1,789,659.56 | 20.65% |
| 20 | funnycat-air | 9,993,207 | 9,992,999 | - | 0.00% |
| 21 | jiny2 | 9,826,742 | 0 | - | 0.00% |
| 22 | bterdeposit | 9,017,467 | 0 | -1,899,235.26 | -17.40% |
| 23 | ccedk.escrow2 | 8,620,315 | 0 | - | 0.00% |
| 24 | suyuekuangcheng666 | 8,605,384 | 0 | 20,993.08 | 0.24% |
| 25 | roje | 8,573,322 | 0 | - | 0.00% |
| 26 | hnnr8 | 8,126,260 | 0 | - | 0.00% |
| 27 | cievia-waugaman | 7,990,213 | 0 | - | 0.00% |
| 28 | bc-godpay | 7,563,433 | 0 | - | 0.00% |
| 29 | yun-bts | 7,468,504 | 0 | 471,296.58 | 6.74% |
| 30 | pay.xeroc | 7,390,384 | 0 | - | 0.00% |
| 31 | virtual-ventures | 7,274,636 | 0 | - | 0.00% |
| 32 | abinia-rivard | 6,348,090 | 0 | - | 0.00% |
| 33 | transres | 6,147,301 | 263,123 | - | 0.00% |
| 34 | goldsix | 6,050,401 | 0 | - | 0.00% |
| 35 | ubris | 6,000,000 | 0 | - | 0.00% |
| 36 | btszhqxf | 5,734,711 | 0 | - | 0.00% |
| 37 | graphene2015 | 5,627,788 | 0 | - | 0.00% |
| 38 | linhan | 5,425,094 | 0 | - | 0.00% |
| 39 | dev.bitsharesblocks | 5,415,910 | 450,522 | - | 0.00% |
| 40 | coldstorage1 | 5,350,000 | 0 | 300,000.00 | 5.94% |
| 41 | bristolbay | 5,325,003 | 0 | - | 0.00% |
| 42 | miso69 | 5,324,071 | 0 | - | 0.00% |
| 43 | lzr1900 | 5,292,613 | 0 | -2.91 | 0.00% |
| 44 | jonnybitcoin | 5,265,008 | 0 | - | 0.00% |
| 45 | cadord-ozois | 5,254,556 | 0 | - | 0.00% |
| 46 | xhunter | 5,233,237 | 0 | - | 0.00% |
| 47 | cnfund | 5,162,202 | 161,220 | - | 0.00% |
| 48 | laow | 5,057,708 | 0 | - | 0.00% |
| 49 | bitcrab | 5,039,276 | 0 | 1.40 | 0.00% |
| 50 | networker2014 | 5,035,408 | 0 | - | 0.00% |
| 51 | roland.sun | 5,022,492 | 0 | - | 0.00% |
| 52 | btc38btsxwithdrawal | 4,894,957 | 0 | -1,560,587.34 | -24.17% |
| 53 | spring | 4,740,051 | 10,000 | 4,079.88 | 0.09% |
| 54 | mybak | 4,709,246 | 0 | - | 0.00% |
| 55 | bts88 | 4,527,532 | 0 | - | 0.00% |
| 56 | impseu1 | 4,432,045 | 0 | - | 0.00% |
| 57 | btsxzzh2 | 4,348,431 | 0 | - | 0.00% |
| 58 | stan | 4,195,778 | 0 | - | 0.00% |
| 59 | harvey | 4,164,756 | 41,214 | - | 0.00% |
| 60 | slim | 4,100,812 | 0 | - | 0.00% |
| 61 | onceuponatime | 4,070,713 | 1,500 | -564,370.31 | -12.18% |
| 62 | lambda1 | 4,047,823 | 0 | - | 0.00% |
| 63 | seusnow2020 | 4,037,227 | 0 | - | 0.00% |
| 64 | freedom35 | 3,962,202 | 0 | - | 0.00% |
| 65 | btsxking | 3,949,881 | 333,414 | 17,718.40 | 0.45% |
| 66 | hermes3 | 3,832,195 | 0 | - | 0.00% |
| 67 | freehawk | 3,811,954 | 0 | 322.71 | 0.01% |
| 68 | elendasa-benjamin | 3,785,674 | 0 | - | 0.00% |
| 69 | bunkerchainlabs-com | 3,776,679 | 0 | - | 0.00% |
| 70 | riverhead | 3,759,139 | 0 | - | 0.00% |
| 71 | wys | 3,706,185 | 0 | - | 0.00% |
| 72 | ironbank | 3,646,387 | 8,000 | - | 0.00% |
| 73 | jaehyuk | 3,627,054 | 0 | - | 0.00% |
| 74 | li23 | 3,505,036 | 0 | - | 0.00% |
| 75 | mike-primorac | 3,479,329 | 0 | - | 0.00% |
| 76 | koocaa | 3,453,196 | 0 | - | 0.00% |
| 77 | btsxcn | 3,376,401 | 0 | - | 0.00% |
| 78 | tomotomo1 | 3,332,277 | 0 | - | 0.00% |
| 79 | teiva | 3,290,221 | 2,035,400 | 203,207.14 | 6.58% |
| 80 | scottmclane | 3,251,127 | 0 | - | 0.00% |
| 81 | chryspano | 3,200,097 | 0 | - | 0.00% |
| 82 | ags | 3,168,560 | 0 | - | 0.00% |
| 83 | sauron | 3,138,970 | 0 | - | 0.00% |
| 84 | bafohald-degeorge | 3,114,897 | 0 | - | 0.00% |
| 85 | cissy | 3,108,148 | 10,000 | - | 0.00% |
| 86 | profoot | 3,000,002 | 0 | - | 0.00% |
| 87 | tomo | 3,000,002 | 0 | - | 0.00% |
| 88 | null-account | 2,978,609 | 0 | - | 0.00% |
| 89 | anonym7 | 2,972,989 | 0 | - | 0.00% |
| 90 | sk | 2,972,367 | 0 | - | 0.00% |
| 91 | ccddd | 2,800,000 | 0 | - | 0.00% |
| 92 | mostar | 2,798,992 | 0 | - | 0.00% |
| 93 | bang-king | 2,770,412 | 120,000 | - | 0.00% |
| 94 | gaba | 2,735,638 | 0 | - | 0.00% |
| 95 | transwiser-wallet | 2,666,213 | 0 | 2,553,982.54 | 2275.66% |
| 96 | nathan | 2,658,044 | 0 | - | 0.00% |
| 97 | operations.hyperetas | 2,626,603 | 0 | - | 0.00% |
| 98 | thread | 2,614,340 | 0 | - | 0.00% |
| 99 | rand1 | 2,586,347 | 0 | - | 0.00% |
| 100 | kan791 | 2,569,361 | 0 | - | 0.00% |
Highlights
This section will highlight any observations made while analysing the data.
Observation from this week
Chronos Crypto has had his worker proposal accepted by the Bitshares shareholders and is now being paid by the Bitshares network itself to provide a minimum of 3 videos per month, Congrats Chronos! and feel free to exceed our expectations; there are a lot of content required. Check out Chronos previous works Intro to Bitshares - Bitshares Inflation Rate Buying Bitshares the Easy Way
At the recent Coinsbank Party hosted by Ronny Boesing of OpenLedger Bitshares was mentioned as one of few platforms with the 'most real transactions' alongside Bitcoin, Dash and Ethereum. The party concluded 3 days for beer , wine and blockchain with a special performance by PSY.
Fun Casino has paid out .697 BTC in dividends this week to its FUNC holders
Cointelegraph has written an article on Blockpay POS systems see it HERE
Blockpay has been listed on coincap.io an alternate to coinmarektcaps with a really nice mobile application for Android and IOS; Checkout Blockpay listing HERE
Market markers are still very active on the Bitshares DEXand are providing a good amount of liquidity
User account 'enter' has been registering a lot of 3 character user accounts and has also issued the asset 'GAMES' and put an order on the DEX selling 10,000,000 GAMES at a price of 0.1 BTS per GAMES token; this sparks the question what will this asset and all these accounts be used for in the future? what ever the case name registration on this scale is not cheap so this maybe a project to watch out for..
compumatrix1 has registered another asset 'ELOAD' described as a token used to top up prepaid service platforms including but not limited to prepaid phones, insurance, other utilities, payment processors, prepaid cards and cryptocurrency wallets.
Compumatrix core asset 'COMPUCEEDS' has been seen increased volume throughout this week although price has not move significantly since the previous report.
BTER is still seeing its users remove BTS from their wallets and re-distribute them else where after re-enabling trading and withdrawl on the BTS 2.0 chain 2 weeks earlier; this week the BTER hot wallet saw a 17% reduction.
The last asset registered this week is asset #1167 and is named 'NOKRX' registered by 'page01'
A testament to Bitshares stable coins Transwiser was able to settle 85,000 CNY this week at its pegged value
The Bitshares network is 26 days away from completing it social contract with AGS and PTS holders!!! this will have a huge impact in the future of Bitshares. if you are not sure what i am referring to i HIGHLY recommend reading Vesting Bitshares in Short Supply - Social Contract Near Completion - The History and The End Of An Era
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! :)
Thank you for giving me great confidence in holding my BitShares.
i think sometimes it can be discouraging to look at a price chart and see it moving in the opposite direction than the direction you believe it should be heading and you keep questioning yourself but at least with Bitshares, once you dig into the history you can see that their is an underlying reason why it has had so much pressure and i am quite excited about the changes in November. I might even throw a little Bitshares party or maybe a special Beyond Bitcoin hangout; it is defiantly huge change and should be celebrated :)
There is no sure thing but if you have experienced the tech and used the platform i can feel pretty confident that you will agree that it is next gen platform which is greatly underappreciated by the space.
About "the account 'enter' has been registering a lot of 3 character user accounts ", this may disappoint you, because there won't be new project here. This guy is merely speculating IDs and Assets, and expect to sell them at higher price in future.
Thanks for the comment @jademont i have noticed another account that is registering names and based on speculation i would suggest he will look to sell them in the future given they are names of companies and the like. 'Enter' recently has been registering names with seemingly little value for example the most recent batch is vq0,vq1,vq2 ..... vq9 this is what made ne think they they are more so related ro a greater plan as i feel the resale value on such names would be low. And if that was his objective then more popular names should be targeted first. I will keep an eye on him ;)
Great post @steempower, informative and insightfull as always!
Thanks for the comment @cynetyc appreciate the kind regards glad yoy like the reports :)
I like how the trend line breakout is holding in bitshares.
Me too :)
also like the fib level we are in at the moment and the VP point of control, also encouraging is OBV has not dropped relative to price action. add them with the hidden fundamentals, changes to economics and awesome tech and i think the future looks a lot brighter and happy to be along for the ride
I just saw the info about BlockPay and my reaction was...WOW!
With their POS app any merchant could accept the main digital currencies including STEEM.
Great post overall about the state of the network.
In 1789, a Scottish scientist and engineer James Watt first applied the term "horsepower" to show the work of how many horses are able to replace them invented steam engines. @siams
Thanks for the info @steempower
Surely does help. Great stuffs
great work ! i like !
an idea for next post! https://news.bitcoin.com/kraken-economist-investment-competition/
Thanks