Bitshares - State of the Network - 11th July 2017

in #bitshares5 years ago

Welcome to the 43rd 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 - 11th July 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.

This weeks report lacks some details due to Cryptofresh data being re-indexed after the Bitshares patch released the day prior to my data collection. I hope to have a full report as normal next week. Any affected data has been removed and to make up for it i have included a few more pictures and videos.

Observation from this week

This section will highlight any observations made while analysing the data.

  • @xeroc has announced the launch of the 'BitShares Blockchain Foundation'. The foundation is initially focused on providing 3 major services: Public Announcements, Public and Private mailing lists and BitUSD worker escrow management. You can see his announcement HERE or visit the foundations webpage at

  • This week has seen an incident on the Bitshares network causing block producing witnesses to halt block production. As a result of this incident and patch was released and all full nodes need to update to the latest release. You can find more information about the incident and the upgrade patch HERE

  • Alfredo (@oxarbitrage) has had his Core Development worker proposal approved by the Bitshares stakeholders and as of today (12th of July) he is formally employed by the Bitshares Blockchain. You can find his proposal HERE

  • A new worker proposal has been proposed by Peter Conrad (aka PC) to develop, integrate and test/support BSIP-0018 titled "Revive BitAsset through buying Settlement Pool". This worker proposal has been curated and supported by the BitShares Blockchain Foundation and is the first of its kind to be presented on the BitShares Blockchain Foundation's website. The pay for this worker is set at 23,000 USD and will use the BitUSD escrow services of the BitShares Blockchain Foundation. Please see the proposal HERE. I have also included the header of the proposal in the images below.

  • @blockchained who created and bootstrapped the smartcoin 'RUBLE' has now handed over ownership of the RUBLE smartcoin to the Bitshares committee members. You can find the announcement HERE.

  • Investopedia has released an article related to OCASH Titled 'OpenLedger Launches Crypto-Ready Payments Card OCASH'. OCASH is an upcoming (August 2017) VISA debitcard from OpenLedger allowing token holders to use SmartCoins such as bitUSD, bitEUR, bitGBP and Rubles; as well as other OpenLedger tokens, such as OBITS, BTC, and ETH to purchase items anywhere major debit cards are accepted. You can find the Article HERE

  • @kencode has released a preview of the user interface for the new Smartcoins Wallet v2.0 (codename: Carbon). The white-label wallet has 6 blockchains integrated into an easy to use mobile application. See full details and preview the new interface HERE

  • @officialfuzzy has started the Beyond Bitcoin WhaleTank hangouts. These hangout will occur on Friday at 3pm UTC (1 hour after the Bitshares hangouts) and will focus on Projects and startup in the crypto currency eco-system. There is also incentives for projects to get involved and sharedrops of 'whaleshare' and 'beyondbit' tokens to all participants. You can find out more details HERE

  • @kencode has released his weekly update for BlockPay, C-IPFS, Stealth, graphenej and Smartcoins Wallet. This week has seen continued integration of GrapheneJ into the Blockpay application as well and updates for Stealth and the Smartcoins wallet (UI video below). You can see the full update HERE and join them on telegram at

  • @stan has released a post this week on the different risk profiles for people involved in the Billion HERO challenge. You can find out more and determine your risk appetite HERE

  • @cm-steem has released two new draft BSIP this week and is asking for community input. This is a great effort from @cm-steem who is proving to be a huge asset to the Bitshares community and a prolific BSIP writer (4 so far). Please use the following links for more information related to BSIP-0021 Titled: "Introducing the 'Coin-Age' statistic to Bitshares assets" and BSIP-0022 "Titled Introducing expiring votes for Witnesses, Committie members & Proxies within the Bitshares network".

  • @lovejoy has released unseen footage of and interview with Dan Larimer. The footage was acquired during the 'Bitshares Peer To Peer Tour' which happened back in April 2015. You can see the following posts and view the 3 part series Part 1, Part 2 and Part 3.

  • @ash has released a guide to withdrawing your Open.Muse from Bitshares network to the Muse Blockchain. This process should be completed ASAP. This is required due to an upcoming Snapshot on the Muse network that will be used to as the basis for the genesis block for the new MUSE blockchain. You can see the guide HERE

  • OpenLedger has sharedropped 'QORA GOLD' onto all Qbits and Obits holders to celebrate 50,000 unique users signed up via OpenLedger

  • User Tony Peacock has recordered last weeks Billion HERO webinar and released the video to youtube. If you happened to miss the webinar you can view the recording HERE

  • @ash has released a PSA relating to password security and methods to ensure that when you need them your passwords are accessible and valid. Please see his post HERE as he walks through a couple of password managers to help community members retain access to their passwords and as a result Bitshares accounts

  • BikerCoin started as a CryptoNote coin on June 07 2016 and as of July 06 2017 migrated on top of the BitShares blockchain with the token 'BIKERCOIN'.

  • Peerity have launched their token 'PEERCROWDFUND' on the Bitshares network. According to their website their fundraiser starts in 84 days. They list Cosmos and Tendermint as their partners.

  • A new 3 Letter asset (Premium asset) has hit the market this week: 'XAS' registered by 'gw-union' who also registered CONSSIN which google translate suggests is related to an outdoor lighting and container door lock company. XAS has the following description: 'Asch is designed to make developers' life much easier: adopting JavaScript as development language, or supporting DBMS to store the transaction data, all of these approaches make DApp development like traditional web application, which must be extremely attractive to developers and SMEs. We believe the ecosystem of the whole platform will not be developed sustainably unless developers productivity could be promoted. Asch is also an open platform whose focus is not limited to a particular area, such as finance, document storage, or copywrite proof, but is on providing a series of underlying and abstract APIs, which can be combined and utilized to realize almost all kinds of applications. In addition Asch system utilized enhenced DPOS agorithm in its consensus mechanism to significantly reduce the probability of block fork and the risk of duplicate payment. Most importantly, Asch's sidechain-is-application mode can not only alleviate the blockchain inflation issue, but also make DApp more'

  • @virtualgrowth is doing a weekly market update and token give away; Check out his post and vote on your favorite asset HERE

  • This weeks Bitshares hangout recording has been published and is available HERE

  • Current registered wallets/accounts within the Bitshares network is 369317; an increase of 8011 wallets/accounts since last week

  • The last asset registered this week is asset #1498 and it is named 'AVERS' registered by 'aversis' with the description 'Settlement unit for Aversis software' googling leads me to this seems like a good fit but may not be the actual projects website.

Smartcoin issueance chart showing weekly change since the start of 2017

Openledger team

Bitshares telegram user Jonas has received some Bitshares Swag ('BTS HODLER' Shirt, Hat and phone cover)

Worker Proposal presented by the Bitshares Blockchain Foundation. Full worker propsal HERE

Smartcoins Wallet v2.0 (codename: Carbon) - Full details HERE

Bitcoin Indonesia has released a short video titled 'What is Bitshares'

The Billion HERO challenge webinar recording

Google Trends for 'Bitshares'

Alexa Traffic ranking for

Bikercoin banner lifted from

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 BTS, CNY and USD


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

AssetSupplyPriceMarket Cap BTSMarket Cap USDSupply Change W/W
BTS2,596,722,7730.122785032,596,722,773$318,838,683.58 0.0063%
BTS Stealth270,2410.12278503270,241$33,181.55 0.52%
Reserve Pool1,003,848,9290.122785031,003,848,929$123,257,620.86 -0.0162%
Accumulated fees7,7830.122785037,783$955.64 123.82%
BitUSD4,451,0098.4837,744,556$4,451,009.00 -27.01%
BitCNY71,933,3791.17284,305,920$10,351,504.94 -13.61%
BitEUR102,3999.67990,198$121,581.53 -10.61%
BitBTC79.519,9761,588,092$194,993.92 -14.96%
BitGold90.410,280929,312$114,105.60 -9.62%
BitSilver9,728131.71,281,178$157,309.43 -6.48%
Ruble1,673,6710.1378230,632$28,318.14 -18.44%
HERO4,7711,3266,326,346$776,780.58 56.94%

Committee Members

This section will track shareholder approval of committee members

AccountVotes (M)Votes Change (M)
bitcrab808.3 -30.4
abit789.6 -52
bhuz761 -30.5
clayop680.7 -32.8
xeroc635.5 -17.9
chris4210630.4 -7.4
bunkerchainlabs-com600 -13.5
witness.still597 260.9
openledgerdc447.5 -10.5
harvey-xts431.9 -37.7
ebit410.3 -12.4

Active Witnesses

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

RankWitnessVotesMissedMissed W/W
1in.abit 1.6.35 865.2702391
2 bhuz 1.6.17 832.71559457
3 fox 1.6.16 830.23343425
4 wackou 1.6.18 826.31779494
5 verbaltech2 1.6.34 8261664439
6 witness.yao 1.6.71 779.63536395
7 xman 1.6.64 774.81591421
8rnglab 1.6.45 771.91817450
9witness.still 1.6.69 760.98912522
10delegate.baozi 1.6.37 760.11430396
11xn-delegate 1.6.59 735.62746442
12xeldal 1.6.22 6681867593
13roelandp 1.6.74 657.363
14openledger-dc 1.6.76 645.4500451
15blckchnd 1.6.75 643.1581386
16abc123 1.6.65 588.21253397
17sahkan-bitshares 1.6.73 576.1779616
18 delegate-1.lafona 1.6.28 565.81319608
19 delegate.freedom 1.6.63 550.14436822
20 elmato 1.6.20 545.64066390
21 harvey-xts 1.6.23 544.75806625
22mr.agsexplorer 1.6.24 525.14285659
23spartako 1.6.15 474.41608572
24delegate-clayop 1.6.27 466.44841525
25delegate.taolje 1.6.38 435.82228433

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! :)

Image Credit: @cass

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Thanks for the shout-out regarding the BSIPs that I've written. Looking forwards to any/all community input :)

No worries at all man. Thank you very much for all the efforts you put towards the network/community and the proposals!

I have upvoted you , please upvote me and resteem ...thanks

i used your link but got a failed to sync with API none admitance to the site

Thanks for using my link mate :)

If you are getting a time sync error your might need to adjust your clock if its out or you can select another api server. IIRC you are located in AU so the Hong Kong api server should be the best endpoint to use.

ok i will have a look and see if i can work it out --thanks for the hints

couldnt get it to connect to the hong kong api without the same error - not sure if i did it correctly -- am checking to see if there is a download to adjust computer time on windows 7

You can try other API servers but if you get the same error on a few of them it is most likely your clock.. (the clock on your phone should be accurate you might want to check it against your computer first before attempting to change the time - if you need to change the time you can do it manually you don't need to download anything, if you use windows you just right click on the time and select 'adjust date and time')

The other option is i jumped to conclusions and it is not the error i am thinking of. if your time looks fine maybe you can get a screenshot of the error?

the time is exactly the same on my phone to the second

Smartcoins Wallet is really a great application. Thanks for all its news on the Bitshare, this is one of the few project based on a blockchaine that currently works. Very promising.

I have upvoted and you , please upvote me and resteem ...thanks

I agree and the new interface looks amazing! Can't wait for it to be released..

The community and dev response to the chain halting was nothing short of amazing. Professional, organized, efficient and effective. Bitshares has the best team in the industry, hands down. Investments are ultimately about the people you are investing in and this week showed me that Bitshares is a fundamentally sound investment. Bitshares FTW!

Such good info.

Smart coin creation is DOWN? How can that be?

It can happen because more smartcoin have been 'settled' than issued/shorted W/W.

Settlement is when BTS collateral backing the smartcoin is released, after which the smart contract destroys the smartcoins which results in a lower supply.

I am very glad to see your post, this is amazing I also want to get a greeting like you It's really amazing, your postigan is very useful for others especially for me You have provided information that is very qualified in my opinion If you want to petrify me to follow me, My votes and want to share my post, I feel very happy and happy even though my post is not as good as your post Congratulations always for you and so on I am really amazed with your achievement and hard work in steemit

Thanks for the kind words :) glad you are getting value from the post. Bitshares really is an amazing platform as is Steem (both created by the same genius alongside a team of great devs ;)

Upvoted & RESTEEMED!

I have upvoted and re steemed you , please upvote me and resteem ...thanks

Thanks for sharing

Cheers, thanks for reading :)


A comprehansive efforts , plz keep sharing like a good stufd

Good one Fav. Nice to see the updates each week.

This isn't a cryptocoin because it has no Proof of Work system. PoS never has worked for fundamental economic reasons. No work = no value.

Then what are you doing here?


great share Bitshares will soon in top 05 coins

Thanks @steempower for sharing updates of a great decentralize exchange platform.


I just create an account on Bitshare. I think it's very helpful for cryptocurrency holder.

When is the marketing going to start for the Billion Hero Challenge? I've barely heard about it lately here on STEEM much less on any other form of media. A month ago Stan was claiming a $50M advertising budget and mainstream advertising starting July 4th.

The Bitshares protocol is really a useful one, and thanks to you for such a nice post explaining the BSIP structures and decentralized exchange emphasis.

Great post, Upvoted and followed.

@steempower BTS is interesting altcoin, i think about investing in it

Nice Post- Thanks for Share!
Hey Guys, Vedhika here. Welcome to My Profile Page..#Follow me: @techinacl-ideas Stay tuned to know about My Movies, My life and a lot More :) #actress

I have upvoted and re steemed you , please upvote me and resteem ...thanks

great post! I appreciate all the information and insights.

excellent post

It's going to take me a while to read this, but having a quick glance it is great to see the amount of work being done, and also the steady increase in growth on that alexa chart.

Upsteemed and revoted.

Good post, I want you to give this information for me, I am mengikiuti you, my friends continue to succeed, best regards from Aceh @fadhila

Great post! Upvote and resteem!!!

very welcome information.
I'm quite new to BitShares.
Amazing effort by the development/community
My question: is there any competitor to Openledger for instance Hyperledger that we should worry about? and what could we do better to succeed?

I like these developments for the future of money earning.

You like soccer?
Do you like to watch soccer on tv?
Do you have football fans?
Do not miss the most updated football news every day just, do not forget to follow for the latest and updated soccer news

Thanks for the update..Bitshares team working really hard much appreciation, cheers!

Good post @steempower i'm following you please follow me and give me upvot

hey @steempower !!
nice to see you post, great info...... thanks for it.
upvoted you.

Wow so much is going on in the bitshare world ... This is like an all you can and should know booklet ... Thanks a lot ... :)

I would like to use with next project.... like this post and upvoted

You did a good job.

Thanks for the mention and all the informative links!

Noob question here.
Does Bitshare's exchange (Openledger) has enough volume for trading nowadays?
I'm thinking about moving my balances from Poloniex onto Openledger, just not sure about current volume and liquidity.
Thanks for posting.

why is trading Hero disabled?

As a holder of some BIC I had to join the BTS openledger last week, so I am in the family now. Several days after that I succeeded to obtain more than 1 500 DNXTO. I do not know yet how to handle my existing assets but anyway this is another option to gain benefits from the cryptos. I like the exchange...

Lots of Stemians have contributed to it joining bitshares through your link

I am very happy to be joined in community steemit, because the post is very nice of your friend steemit everything ❤

This is great! Upvoted and resteemed 😊😉👍

I have upvoted and re steemed you , please upvote me and resteem ...thanks

Thank you for all those bitshare updates :) Keep steemit

Thank you for this post. Very informative!

great post @steempower. i got a sync error when i used your link. i am sure you are working on getting it working perfectly?

Hello steemians friend ... I just joined in this steemit .. help me to expand friendship network here .. Best regards best friend thanks..

i Really like reading posts like this one:) many good informations:)

bitshares is the same to steem?

Based on the same technology. And it shares many features.

hey buddy ! great content! Your work is simply pure perfection :) ! It was a great idea to follow you! Followed, upvoted - you truly deserve it!

If you have some spare time, check out my profile, too! follow and upvote if you like it :) !
fetmom - real estate investor and donator :)

This is good news, been depositing bitshares and now I feel much more confident:) Nice my witness vote!

Hi, all friend please upvote my post and follow me.
please comment me. davinger.

It's the first time I read this report and I have an (allegedly dumb) question: I issued an asset called RUNCOIN, which aims to be distributed to runners, in an attempt to identify the need and potential use cases for tokenization for casual runners. The question is: OCASH will take RUNCOIN into account as well? Or it's just for a limited amount of assets.

And a bonus question: what do I have to do to have RUNCOIN mentioned in one of your reports? Just curious.


Thank you for the updates. I will like to check Smartcoin wallet app. Thanks for sharing.

Wow, a lot of information! @steempower thanks for making these super complete reports.

I would like to highlight the @kencode post talking about the re-design of your Wallet, I found wonderful changes in the interface, I would change one thing or another but overall this great.

Can I make a suggestion?
In the topic "BTS Trading" it would be interesting to increase a column indicating how many% has risen or fallen since the last report.

PS: I received your email, I was not able to answer it yet (I'm full of work here), but I've started to think about some improvements.

PS²: I would like to thank you, because after you noticed me as UI/UX Designer, I started writing about UX and since then I have been gaining more visibility.

These T-shirts and hats are soo cool!

Hey @steempower thanks for your upvote on @africa think to follow for raw recording each week :) upvoted and follow ! nice content as always.

All about network

is it proftable to but bitshares coin? if yes then y and how?

Thank you for sharing detailed report - Just followed to get more reports like this one :)

Thank you very much for your great support! ;)

I really want to join with each of your programs, but I've tried it does not work, because I have not really understood the technology
I can only love and enliven your posts, and I will learn to be able to understand every technological development so that I can also join the development program
Thanks banya for the time you visited my blog and hopefully you continue to support me @steempower

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