Bitshares - State of the Network - 10th October 2017

in #bitshares4 years ago

Welcome to the 56th 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 - 10th October 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.

  • Bitshares will no longer be trading on Bittrex after the 13th of October! If you still have a balance on the exchange you should transfer them out immediately. Need an account? Use the official cloud wallet HERE (Username and Password to sign up - it's that simple)

  • @billbutler has announced a new release of the Bitshares reference wallet (v2.0.171009), announcement can be found HERE. This release focuses on the commonly known 'account model'; presenting it as a cloud wallet, This cloud wallet will allow users to signup/signin to Bitshares with a familiar username and password method. This will take a lot of complexity out of creating an account and is a great move forward. You can view the new Bitshares cloud wallet HERE.

  • 40 Million BTS has moved from top 100 (mainly from Exchanges) to accounts outside the top 100. This is good news in terms of having a wider distribution!, top 100 personal holders (not exchanges) have also increased by 6.4 Million and Balances held on exchanges are down ~47 Million BTS.

  • @stan has been busy with a number of interviews this week; you can use the following links to view the interviews Stan Larimer and Teresa Kuhn from the Living Wealthy radio show and Stan Larimer with Connie Willis from Blue Rock Talk

  • @richcg has released the final update for the new Bitshares website. You can see his progress HERE or view the preview of the website HERE

  • @kimchi-king has done an amazing post on his discovery of Bitshares and the power of the platform. @kimchi-king touches on some background and then digs into how you can make use of the DEX, key features of Bitshares, comparison against other leading projects, price analysis and heap more. This is an incredible effort and he has obviously put a lot of effort into sharing his views. Recommended reading for all, you can find the post HERE

  • This week has seen @xeroc move to the #1 vote proxy with @bitcrab in second place. Vote proxies are respected members of the community that other shareholders can delegate their voting power too, this allows the proxy to vote on behalf of those shareholders. Congratulations to @xeroc

  • @blockchained team is reporting, that now that their gateway Rudex was accepted upstream they've had time to add dark theme to their interface; add language detection, so when you first come to their site it shows you interface in your language; and also their trollbox now has Russian, English and Chinese telegram channels.

  • Bitspark is currently conducting their Token sale for the ‘ZEPH’ tokens representing ‘Project Zephyr’; Current tier is at the cheapest rate / highest discounted amount. Project Zephyr will enable MTOs and remittance customers to have access to 180+ fiat pegged cryptocurrencies through Bitspark’s existing mobile app Sendy (2017) and web platform (2014) which is switching to Bitshares. Find out more HERE

  • CryptoCompare has released an extensive guide titled ‘How to use the Bitshares Decentralized Exchange’, the guide starts out by downloading the wallet and creating an account but also walks through trading on the DEX, sending assets and withdrawing funds. You can views the guide HERE

  • This week’s Bitshares hangout recording has been published and is available HERE

  • Current registered wallets/accounts within the Bitshares network is 435551; an increase of 4988 wallets/accounts since last week

  • The last asset registered this week is asset #2215 and it is named 'BRIDGE.EOT' registered by 'cryptobridge' with the description 'EOT Coin, see details on'.

Smartcoin issuance chart showing weekly change since the start of 2017

Bitshares web wallet default login screen - cloud wallet - more info HERE

Creating your account on the Bitshares cloud wallet - More information HERE

Issues closed by the Bitshares GUI team in this 2 week sprint

New website launching soon – more info HERE

Exchanges running on the BitShares blockchain. @Bitshares

How distributed are the transaction validators on the BitShares network? @Bitshares

@tonypeacock on the subject of “To DEX or not to DEX?”

Have you claimed your FREE coins!?!, If not I highly recommend that you get signed up to the Billion Hero Campaign! These coins will be used in the Billion Hero Campaign and potentially be quite valuable in the future (No such thing as free lunch does not apply in Crypto - Fair distribution at any cost is the name of the game); at the moment you can get notified on the project and claim your share of the FREE coins at no cost - Click HERE and selected 'Get Notified' to claim your free 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.

DistributionBalanceChange W/WChange W/W %
BTS Supply2,600,289,674 285,096.000.01%
BTS Stealth287,368 7,009.002.60%
BTS in Open Orders (DEX - T250)7969192.332 2,585,690.5024.30%
Reserve Pool1000283157 -282,785.00-0.03%
RP Accumulated fees115601-0.00%
Collateral (top 250) backing Smartcoins420554667 -3,015,496.00-0.74%
Top 100 Total1,327,595,976 -39,986,416.00-2.75%
Top 100 - minus Exchanges430,378,938 6,464,306.001.56%
Exchanges897,217,038 -46,450,722.00-4.45%
Non Exchanges1,703,072,636 46,735,818.003.00%

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.

MarketLast PricePrice USD24hr Vol BTS24hr Vol USDVol %Vol % Change W/W

Worker Proposals

This section will identify the current approved and pending worker proposals

Active Worker:

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 Open.BTC


This sections seeks to analyse the current supply and market capitalisation of the Bitshares Smartcoins.

AssetSupplyPriceMarket Cap BTSMarket Cap USDSupply Change W/W
BTS2,600,289,6740.047458752,600,289,674$123,406,497.57 0.011%
BTS Stealth287,3680.04745875287,368$13,638.13 2.500%
Reserve Pool1,000,283,1570.047458751,000,283,157$47,472,188.28 -0.028%
Accumulated fees115,6010.04745875115,601$5,486.280.000%
BitUSD3,012,43020.962,959,787$3,012,430.00 -4.925%
BitCNY39,184,0263.16123,821,522$5,876,414.66 -32.733%
BitEUR74,36024.61,829,256$86,814.20 -8.461%
BitBTC48.4101,3094,903,356$232,707.13 -2.419%
Ruble1,293,1580.36465,537$22,093.80 -30.127%
HERO8543,3032,820,762$133,869.84 -27.872%

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.

AccountReferralsChange W/W

Vote Proxies

This section will track the change in proxy voting

AccountOpinionsFollowersWeight (M)Weight Change (M)
xeroc37199212.7 0.9
bitcrab6653209.2 -64.4
baozi236878.8 17.3
fav2210239.5 -1.1
laomao35434.5 -0.4
abit4046317.3 2.5
bitshares-munich-wallet172114.8 0.2
blckchnd2353410.6 1.4
jonnybitcoin342810.2 2
btsabc586710.1 1.7

Active Witnesses

This section will track top 25 active witnesses and the changes in support

RankWitnessVotesMissedMissed W/W
1in.abit 1.6.35 741.4705
2 verbaltech2 1.6.34 740.316881
3 fox 1.6.16 738.53360
4wackou 1.6.18 715.218061
5 rnglab 1.6.45 671.71902
6 witness.yao 1.6.71 66535502
7 roelandp 1.6.74 664.827
8 bhuz 1.6.17 660.71564
9blckchnd 1.6.75 651.46262
10witness.still 1.6.69 64089392
11xn-delegate 1.6.59 638.4281652
12 sahkan-bitshares 1.6.73 637.48396
13 elmato 1.6.20 571.44259
14xeldal 1.6.22 554.71878
15delegate-1.lafona 1.6.28 550.915827
16crazybit 1.6.84 545822
17delegate.baozi 1.6.37 46914661
18 xman 1.6.64 447.11638
19 mr.agsexplorer 1.6.24 413.85725
20 delegate.freedom 1.6.63 406.64859
21 delegate.ihashfury 1.6.26 391.4869
22 delegate-clayop 1.6.27 323.24842
23 spartako 1.6.15 318.82316
24 harvey-xts 1.6.23 316.25809
25 cyrano 1.6.21 311.53539

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

RankAccountBalance(inc orders)OrdersChange W/WChange W/W %
2poloniexwallet220,525,714059,923,538.00 37.31%
3bittrex-deposit167,761,4200-135,252,347.00 -44.64%
4bitcc-bts-cold127,192,927040,000,000.00 45.88%
6yun-bts34,416,5880-405,780.00 -1.17%
7jubi-bts26,297,7840-80,116.00 -0.30%
8bterdeposit21,888,75609,296,130.00 73.82%
10stan15,217,62001,315,596.00 9.46%
16tsuratsura-35579,450,839761331-457,899.00 -4.62%
20bitcoinindonesia8,437,11301,342,180.00 18.92%
26cass7,000,0000-2,494,918.00 -26.28%
29denkhaus6,101,10905,101,109.00 510.11%
33tyrone-shoelaces5,506,2970840,999.00 18.03%
46njlzb8884,404,715715003,404,715.00 340.47%
47enki4,385,12954997-460,428.00 -9.50%
56goodc0re3,750,13738038,187.00 1.03%
57demo.btsbots3,629,91310441381,823,590.00 100.96%
58serg3,567,3890216,965.00 6.48%
59jackkang3,482,9380-21.00 0.00%
60codinat3,405,0010-30,823.00 -0.90%
61chsend3,395,0180-2,580,359.00 -43.18%
68btsnow3,118,7800-1,000,000.00 -24.28%
72kryptobeast072,849,98001,849,980.00 185.00%
75bilbo-baggins2,767,9600654,533.00 30.97%
76roland.sun2,733,5750322,457.00 13.37%
78bitcc-bts2,687,5250-348,382.00 -11.48%
86livecoin-net2,479,4290859,625.00 53.07%
87wjlsf2,456,9270-543,074.00 -18.10%
88wys2,442,4370182,136.00 8.06%
90btszzh2017012,310,473167,0001,310,473.00 131.05%
92bitspark-zephyr2,223,21402,213,214.00 22132.14%
96freedom352,161,6120-190,647.00 -8.10%
100wackou2,117,1250-37.00 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, in the 'BitsharesDEX' Telegram group or every Friday in the the BeyondBitcoin Hangouts.

I hope you enjoyed this report! :)

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These reports are the best way to keep informed about BTS. Well done and thanks for the info.

There's too much to slog through on Telegram, actually the almost unused forum was much better. At least there things were organized according to topic! Would we not be better served to be back there?

Can't stand Telegram. Unstructured, unindexed noise.

Thank you so much for the shout out. It was pleasure to write the article. I will continue to support this great community and do everything in my power to spread the word about BitShares.

I highly recommend that any investors of Bitshares do the same because you have a direct affect on the value of each BTS.

Keep up the great work and as always, fantastic update.

Kevin Messerly

Iam following you boss. I like your crypto content

Hey Big Guy! Any thoughts on Cobinhood ? Another Decentralised exchange coming to market.

According to Telegram, there was a meeting with Bittrex Friday afternoon. They are talking. Nothing is changing at the moment. More information will be released next week. It would appear this is a positive development. It would appear that Bitshares may not be delisted.

thanks for posting

Its my favourite time of he week to catch up on all the news and thanks for the mention :)

Fantastic post @steempower very in depth, I am a new investor to Bitshares but very excited about the platform to say the least. It's furture is so bright in both the short and long term. @tonypeacock I was researching Bitshares thinking it has to be amazing because the Larimers' created it and I love Steemit as well as EOS. It was the great youtube video on your channel (amusingly right after I heard the news about the bittrex delisting) that helped me wipe away the FUD from my visor and see the sleeping giant Bitshares is! Thanks again. Off to buy more while it's still on sale

Also, it is absurd to see how the BTS price is dropping down while it should ideally just go up if in a moment like this (BTC has just touched the $5800 ATH) when lots of people should want to use a DEX instead of a CEX...

Thanks for the update. Lots of interesting info.

Thanks for posting. I hope Bitshares recovers soon...

Simply buy more while it's still on sale. Everyone who has done their research and still in the loop knows it's only a matter of time before the sleeping giant that is Bitshares wakes up and never gets on it's knees again!

Yeah, but I do wonder how much time before it goes to the moon, I don't see it as much as a long-term hold. But hey I'm just an amateur, so I will just buy some and hope for the best :)

BTS can ONLY go up from 4 cents. It is a fantastic short and long hold if you don't pay attention to the FUD. So buy enough that you can sell some for profit in both the short and long term as to not sell out your position anytime soon- because Bitshares is only just getting started!

yes it will

Next generation BitCoin we called as BTS now trading at $0.050475 (in CoinMarketCap). I think now it's time to recall the history! In 2020 I wish to see BTS at $5000!
Who is with me? Anyone else?
So, this report is the thing that I was awaiting the whole week to read! It's the BEST SUMMARY OF WHOLE WEEK BTS TRENDING NEWS!
Thank you very much for sharing such great article with us!

Let's bring BTS to the MOON!


BTS back to to .40 would be nice!

$0.048084 - BTS
Now I am impressed :O

amigo #resteemia at your service

best day of the entire week. impressive summary of bts @steempower

'UpVoted ReSteemed Commented'

Poloniex has 460 million BTS in their accounts at the moment... seems to be the biggest holder.

Thanks for letting us know!

Thanks for this useful article hese reports are the best way to keep informed about BTS.

thank you for this important information

people are stockpiling Bitcoins in antocipation of the Bitcoin gold fork, once that takes place they will move their money back to alt coins. I made a blog on this

Yet again another bitshare state of the network. I'm loving this cryptocurrency. I can't wait to have some.
Nice job @steempower for the updates.

I just buy my lifetime membership during this dips. I am happy now.

Bitcoin on the run. Great article


I foolowed, upvoted and commented. Now it's your turn.

thanks for sharing keep it up

Nice... Cool!! Steem On!

Valuable and very important post about bitshares.
Thank you for sharing @steempower
Learning to more concepts

Hi, I need someone to help me with my BTS wallet. All of a sudden my password is not working. I know for a fact it was working 2 weeks ago as I logged in/out several times but as of yesterday nada.

Did you backup your .bin file?

Thanks you for this posting.

Thank you for that. Very useful info!

thanks for this greate post

waoo Interesting report every time learning from BitShare

That pretty cool

Bravoo bitshare.. :-)

@steempowe,, lovely well done.

Wow! such a great and detailed content.
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wow grate post ....i like this..
i have some post can check
here @letsmakes

Nice Post. I Like Your Steemit Post. Please Upvote, Comment & Follow my ID. Thank You...

I just invested in bitcoin and others so perfect blog for me great help thank u xxx 💗

Nice Post. I Like Your steemit post. Please Upvote, Comment & Follow my ID. Thank You...

Nice Post. I Like Your steemit post. Please Upvote, Comment & Follow my ID. Thank You...

Damn :O Kodus to you for some good work here.
Upped and followed!
If you want to follow me, I'm doing new ICO reviews several times a week and will cover many ICOs before they start.
For the people in this comment section - if you want to be the first among your friends to know about new projects and potentially hit it big, follow me @andreashauser

Thanks for post and help us

I love BitShares, better times will come for sure!

Now is the time to load up BTS.


Good post @

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Wow what a post! Upvoted and followed my lord

@steempower;I like reading your post, keep it [email protected]

I like your post @steempower

man crypto currency blockchain type stuff has so much to learn. i know a bit but than I read this and it opens up a hole nother can of beans!
so many exchanges, so many coins so many ICO's it just keeps growing and growing and growing... its hard to keep up!

this is really nice from you i like it

Good bts price, !

Awesome post