Bitshares - State of the Network - 13th September 2017

in #bitshares5 years ago (edited)

Welcome to the 52nd 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 - 13th September 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.

  • 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

  • BitUSD is still worth 1 USD! - rock solid stability in a violent market.

  • @stan and his Heroic team have published a proposal for Houston, The proposal is currently being circulated to the leaders of both Houston and Texas and is proposing to use the unique features of Bitshares and the Billion Hero Campaign to raise funds to rebuild hurricane affected areas. It also comes with a “double-double money back” guarantee! You can find the full proposal HERE

  • @stan has announced plans for Cryptonomex's to obtain investor funding and become a powerhouse supporting the future of the Bitshares network; similar to what Consensys is to Ethereum. In the proposed roadmap Bitshares would remain a fully autonomous Sovereign Software Company independent of Cryptonomex. You can get more information about Cryptonomex's proposed path forward HERE.

  • The team from Bitspark are launching 'Zephyr'. Zephyr will be a reward token for taking part in the Bitspark remittance network; the token sale for Zephyr will start on the 6th October 18:00 HKT at and last for 30 days or until all available Zephyr are sold (600 000 000 ZEP). You can see the announcement HERE or view the Zephyr whitepaper HERE

  • @jeremypeng has announced that the Bitshares wallet which his team has been developing has been published to the Google playstore this week. This is the first release and Jeremy has also mentioned they have plans to continue developing the UI and adding new features. You can find the wallet HERE. As mentioned previously this should only be used for testing with small amounts of assets until the source code can be analysed and verified.

  • This week Coindesk has released their State of Blockchain Q2 2017 report which includes a survey question "What sector of blockchain applications are you most bullish on?"; The top 3 answers were Decentralized Exchange, Privacy and Asset management... Imagine a Decentralized Exchange and Token platform that allowed confidential transactions on a proven highly scalable blockchain with predictable 3 second blocks and transaction finality.... Bitshares :)

  • @kencode has posted a small update this week on the Bitsharestalk forums regarding the ongoing Stealth development. The enhanced Stealth implementation is currently running on a private testnet and is still in active development. He has mentioned his plans to open up this testnet for public testing and feedback in the coming weeks. You can see his statement HERE

  • A hardfork has been scheduled on TESTNET for Friday 2017-09-15 12:00:00 UTC. This has no impact on the Bitshares main-chain/network and as does not require Bitshares users to preform any action what so ever. More information and the changelog for this fork can be found HERE

  • BSIP-0018 commonly known as 'Revive BitAsset through buying Settlement Pool' is being forked into the Bitshares testnet to ensure it is fully functional in a distributed public network before being released live on the production Bitshares network. Testing and evaluation will be conducted for some time before it is eventually live in production.. It is great to see the progress of this shareholder approved project!

  • Ronny Boesing (CEO of OpenLedger) Has announced changes to the monthly BTSR buy back and burn operation. 'From this date, the buyback and burn on the four usual currencies of BTC, ETH, BTS and USD will be replaced with the buyback of OBITS from the bitUSD market, and then rewarded to all BTSR holders.' you can find full details as well as the hottest ICO's in his announcement HERE

  • Ronny Boesing (CEO of OpenLedger) has released a comment on telegram for all Open.Muse holders. 'Just now OpenLedger sent NEW MUSE to all MUSE holders, in a 1:100 swap. Every MUSE owner received OPEN.MUSEOL from open-museol-distribution account in a 1:100 swap (100 OPEN.MUSE = 1 OPEN.MUSEOL).' Open.Museol will be redeemable for 100 MUSE on the native MUSE chain; MUSE withdrawals are facilitated by the OpenLedger gateway service.

  • @virtualgrowth is doing a weekly market update and token give away; Check out his post and vote on your favorite asset HERE, if you leave you Bitshares username in the comment you may even be one of the lucky recipients of the token giveaway.

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

Smartcoin issuance chart showing weekly change since the start of 2017

A meeting of Heroic proportions in Austin, TX

Great Graphics by Telegram user 'BTS-Bourgeoisie'

Mike Kubera Interviews Chris and Richard From Kexcoin

Coindesk State of Blockchain Q2 2017 report

Bitshares a Decentralized Exchange and Token/Asset platform that allows confidential transactions on a proven highly scaleable blockchain with predictable 3 second blocks and transaction finality

Bitshares breaches the 20 Million Blocks!

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 Supply2,599,253,567 343,381.000.01%
BTS Stealth269,289-0.00%
BTS in Open Orders (DEX - T250)4546544.83 964,972.0029.22%
Reserve Pool1,001,319,076 -343,382.00-0.03%
RP Accumulated fees127,926 -1,087.00-1.78%
Collateral (top 250) backing Smartcoins434217825 6,420,574.001.52%
Top 100 Total1,462,218,643 -13,647,754.00-0.90%
Top 100 - minus Exchanges1,137,034,924 10,262,058.002.55%
Exchanges1,049,917,604 -23,909,812.00-2.14%
Non Exchanges1,549,335,963 24,253,193.001.64%

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
BTS2,599,253,5670.058470622,599,253,567$151,979,967.60 0.013%
BTS Stealth269,2890.05847062269,289$15,745.490.000%
Reserve Pool1,001,319,0760.058470621,001,319,076$58,547,747.19 -0.034%
Accumulated fees127,9260.05847062127,926$7,479.91 -1.782%
BitUSD3,879,75114.757,032,340$3,879,751.00 9.837%
BitCNY53,647,2352.56137,336,922$8,030,174.95 -16.376%
BitEUR98,15117.621,729,421$101,120.30 0.469%
BitBTC5644,2002,475,200$144,726.48 -2.265%
BitSilver9,084259.52,357,298$137,832.68 1.108%
Ruble2,096,7340.2546533,828$31,213.28 -7.413%
HERO1,7652,2343,943,010$230,550.24 -3.433%

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)
bitcrab6646260.8 18.6
xeroc37193217.6 0.4
baozi296461.1 -29
fav229640.8 -18.7
laomao35424.1 -16.2
bitshares-munich-wallet171914.6 0.1
abit4345512.4 0.1
dahu2438.5 -0.3
hellobts30197.8 -0.5
blckchnd234197.6 -0.2

Committee Members

This section will track shareholder approval of committee members

AccountVotes (M)Votes Change (M)
bitcrab711.2 -55.7
abit681.6 -62
bhuz652 -63.1
xeroc647.5 8.7
bunkerchainlabs-com622.2 -13.5
witness.still605.4 7.7
clayop582.1 -8.7
openledgerdc449 17.7
chris4210408.1 15
ebit396.9 10.7
harvey-xts307.8 -66.5

Active Witnesses

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

RankWitnessVotesMissedMissed W/W
1in.abit 1.6.35 743.3703
2fox 1.6.16 739.6335911
3 verbaltech2 1.6.34 737.3168111
4 bhuz 1.6.17 734.51563
5wackou 1.6.18 729.418005
6 roelandp 1.6.74 694.814
7 openledger-dc 1.6.76 6825123
8 blckchnd 1.6.75 677.161814
9 rnglab 1.6.45 676.5189367
10 delegate.baozi 1.6.37 675.7146515
11 witness.yao 1.6.71 671.835411
12 elmato 1.6.20 665.341732
13 xman 1.6.64 662.216251
14 witness.still 1.6.69 645.889331
15 xn-delegate 1.6.59 63427622
16 sahkan-bitshares 1.6.73 614.58025
17 delegate-1.lafona 1.6.28 593.715712
18 xeldal 1.6.22 586.518783
19 delegate.btsnow 1.6.40 512.14503447
20 crazybit 1.6.84 499.87971
21 abc123 1.6.65 436.912672
22harvey-xts 1.6.23 419.85809
23 mr.agsexplorer 1.6.24 419.657204
24 delegate.ihashfury 1.6.26 418.1869
25 delegate.freedom 1.6.63 412.248592

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 %
1bittrex-deposit235,070,823087,556,902.00 59.36%
3poloniexwallet124,910,425039,185,735.00 45.71%
5bitcc-bts-cold84,192,9290-33,000,002.00 -28.16%
6jubi-bts82,641,36907,416,412.00 9.86%
7chbts77,095,7810-75,638,823.00 -49.52%
9yun-bts23,813,935022,813,935.00 2281.39%
10bterdeposit23,362,0790-5,019,315.00 -17.69%
11aloha20,248,1670-20,021.00 -0.10%
12stan13,939,6810-1,053,962.00 -7.03%
15tsuratsura-355712,200,671020,671.00 0.17%
18cass9,449,918033,500.00 0.36%
29tom-bitshare5,871,68404,871,684.00 487.17%
30chsend5,778,95702,084,651.00 56.43%
33bitcoinindonesia5,582,02001,437,471.00 34.68%
38yoyow.team5,294,15303,999,998.00 309.08%
41jy20175,126,58104,126,581.00 412.66%
42enki5,122,68065192,221,699.00 76.58%
46tyrone-shoelaces4,665,2980205,400.00 4.61%
47alexna644,451,416260088-1,570,329.00 -26.08%
51slim4,057,6400-96,104.00 -2.31%
53super-bts3,999,99001,499,995.00 60.00%
55oh-bts3,803,68601,935,825.00 103.64%
56abit3,667,9540-1,573,657.00 -30.02%
57bts19983,517,8070500,807.00 16.60%
58jackkang3,482,95901,222,963.00 54.11%
63scottmclane3,177,1260-20,000.00 -0.63%
65wys3,098,2650330,303.00 11.93%
66zhanzhang3,047,69402,047,694.00 204.77%
70serg2,969,2620179,545.00 6.44%
73tong-xin2,777,89301,777,893.00 177.79%
74mybak2,702,38001,702,380.00 170.24%
78bts-morning2,522,1560304,824.00 13.75%
81oraclechain2,487,8690-100,204.00 -3.87%
82dev.bitsharesblocks2,419,6720-50.00 0.00%
84freedom352,396,847075,154.00 3.24%
91mostar2,157,4420-20,024.00 -0.92%
93wackou2,117,2590-74.00 0.00%
95agorise2,101,833047,808.00 2.33%
96meda2,071,594096,285.00 4.87%
99cryptonomex2,019,0730-800,673.00 -28.40%

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Best part is at anytime in the future If you decide to buy an LTM (Lifetime membership - which gives you an 80% reduction in fees and other premium features) i will rebate 10% of your membership costs in BTS.

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Thanks for viewing :)

I hope you enjoyed this report! :)


Rumor has it there is soon to be a $15 million dollar share drop on BTS hodlers by a publicly traded Fortune 500 company. Get your BTS now while they are on sale, make sure they are in the Bitshares wall and get your share of the $15M!

I really like bitshares more and more, but I would love to see a completely new UI/UX refresh.

I am loving the Bitshares DEX more and more. If there was a way for it to offer decentralized margin trading and lending like Poloniex and Bitfinex, everyone in the world would move to it, including China. I would immediately become a lifetime member. Is there a reason this can't be done?

you can do margin trading on bitshares dex
Just borrow bitUSD or bitCNY with your BTS :)
You can borrow with %0 interest rate and it is backed %200 with your BTS and %100 secure

I did not know that! Thank you!

Seeing your post's vote, you're a so talented. i respect your talent.
Thank you. For your great writing and for sharing

Thanks for sharing. Never knew anything about this. Upvoted and retweeted.

Buy when cheap, rocket is about to launch when this nonsense has stabalized.


Always like these BTS Updates :)

Thanks @steempower for sharing these updates of an amazing DEX platform.
Bitshares and Steem still continues to fight neck to neck in terms of market cap.

There is a small bug... "Top 100 - minus Exchanges" is not calculated correctly.

not minable. but stakeable

hi, i got some bitshares in my wallet for several years. how do we stake bitshares? i understand only a voted few can do the staking...

We believe it only Witnesses that participate in Staking are we wrong?

I have added 50% to my bts stash this week. I think it's that time. The time when you just close your eyes and press the buy button.

Very interesting .. Amazing

@steempower - 'Bitshares - State of the Network - 13th September 2017' oh my goodness, Sir, you made my day. Today is the best day of the entire week. Now, it's BitShare era sir. Look BitCoin is dropping like hell Sir. Lovely work & very informative. Therefore, I wish to ReSteem your post.

+W+ [UpVoted & ReSteemed]

The banks are buying like crazy while the price is down so when it goes up
they can take it down again, If you think they are not nervous, your misinformed
Robert-7 ltm

@steempower Excellent Tale. Awesome you ended up in the position to hustle your way out of your respective condition.

Really great information. I like the picturesc from this article. Keep going!

@steempower thanks for sharing, this is a best news for new arrival like me ;

yeah i heard about Mt.Gox in the 'Banking on Bitcoin' documentary. equifax, they should strip all accreditation from those fools and shut them down IMMEDIATELY!

Wow @steempower great job 👍.I have followed you and upvoted..kindly hoping for your encouragement as well (Blessings❤)

so, the free coins from the billion hero thing... we can deposit them in bitshare? new follower / sorry i'm pretty noobie

Thanks for sharing.

Thanks for @steempowe great news. it is valuable information and very useful.
100% like and resteem

like your post about bitshare and I upvoted you

Great news sir.i respect you.

a very good post thanks for sharing my story I wanted to share a good story but I have not been able to! success is always friends
if any time look at this one post

Thanks for sharing, :)

informative but its not that convincing

how does it work you sign up on the link and can get coins?

HEY Thanks for sharing


Grate update for ( Bitshares - State of the Network - 13th September 2017 )
congrats this project. thanks @steempower
have a great day.

This is the second post I have seen relating to Bitshares. I am a Bittrex user but open to new exchanges

Congratulations @steempower
MinnowsPower listed your post "Bitshares - State of the Network - 13th September 2017" as one of the top 20 posts of the day...!!!
Weekly report which summarized all BitShares activities in a single report.
100% Upvoted by @MinnowsPower

MinnowsPower is not a bot, I am a Crowdfunding Hybrid

Nice post . Thanks for share

amigo #resteemia at your service

waited a week to read this weekly summary report :) impressive work @steempower

'UpVoted ReSteemed Commented'

Nice post @steempower thank you very much for sharing

Thank you for sharing @steempower

Awe3some thank you. :D

"BitUSD is still worth 1 USD! - rock solid stability in a violent market."
That's what we called as stability! Wow great work and today I have read stan's proposal of heroic campaign as well!
Nice weekly summary and thank you very much for sharing with us!

Let's bring BitShares to the Moon


Seeing your post's vote, you're a so talented. i respect your talent...

Bitshares explained - What are bitshares and what is BITUSD?

Nice to meet you,
Wow, this is somehow a dream come true after all these years envisioning it coming to our everyday world.
I votes you post plase vote my post thank you
Thanks a lot for sharing, great job as always,
Follow me @kader1
Thank you

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