Bitshares - State of the Network - 14th March 2017

Welcome to the 26th 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 - 14th March 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.

HAPPY TESTNET STRESS TEST WEEK!! - 15th March 3PM UTC

Find out more HERE or get prepared to join in HERE

Observation from this week

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

• Alfred Garcia (Bitshares Core Dev) has been working to maintain the open issues and has closed some issues this week and is very close to being able to close the socket spamming issue plaguing many developers. Ken has also suggested that Alfredo maybe working on new features such as 'Dividends, Black Swan prevention and recovery, advanced Trading functions to DEx (Margin Trading, Stop Loss, Trailing Stop etc.), selling/dumping a UIA that you no longer want, Worker proposal upgrade (as per Data and Jonny's ideas), Recurring and Scheduled Payments feature, make it so that FBA's don't always need a hardfork, and a lot more'. If you have feature requests that you would like added to the list for community approve please contact @chris4210. See the Full update HERE

• Peerplays outreach and education coordinator, Robyn Wilkie has started working with the PBSA team this week; based in Nova Scotia Canada; Also in Peerplays news Sports and Politics has published an article titled 'Peerplays Sports Betting Could “Uberize” Industry for Millions' which you can read HERE

• Bitkaptial (The Turkish Lira gateway to the Bitshares Decentralized Exchange) CEO Jian Jolly has spoken this week about a pending urgency for Bitshares development and the need for Bitshares to stand out from the crowd. As part of this statement he has committed his team and their resources to assisting the growth and further development of the platform; Bitkaptital will migrate from their current hosted/customised wallet to the official Bitshares reference wallet. As part of this migration they will first focus on bug testing all wallet features on multiple operating systems and browsers; any issues will be logged as github issues for action by the developers. Jian has also noted that they have started raising Bitshares awareness via their website Coin-Turk (the Coindesk of Turkey) and is looking forward to doing interviews with the founders of other Bitshares business. Last but not least Jian hinted at an ongoing development for a 'trader's' platform built on Bitshares; that will abstract a lot of the complexities of the network away and focus solely on a platform that will allow users to trade via the DEX (This is proposed to work via python-bitshares library being developed by @xeroc).

• RyanRFox (@fox) creator of the Microsoft Azure (BaaS) Bitshares template has created a testnet template to help with rapid deployment of witness node on the Microsoft Azure platform. I personally have used this template and it is a huge time saver and his efforts are greatly appreciated. Find more information on the Template and a quick start guide HERE

• Christoph Hering (@chris4210) Co-Founder & CEO of Bitshares Munich is hosting a Stresstest Setup Party on Tuesday March 14th at 3 pm UTC (1 day before the actual stresstest). During the party their will be help on hand to get anyone interested setup on a testnet witness ready for the testnet flooding/stresstest on March 15th. Easy setup is expected due to the Azure template created by @fox (Azure is not the required platform, its just easy)

• Bitshares testnet STRESSTEST is being conducted on the 15th of March 2017 at 3PM UTC. Xeroc has been leading the charge and has also developed a real-time stats page that we can keep an eye on the progress. Find out more about the test and find the resources HERE. In the lead up testnet witnesses have been running personal (not coordinated) tests in preparation. So far the test net has demonstrated 917 TPS (Transactions Per second) - these results were obtained from a single witness node!!. You can watch the testnet transaction HERE

• BitUSD is up 49% Week on Week with a Market Cap of 180k USD; This is in part to a large effort in boosting the BitUSD market headed up by Bitshares user BitCrab

• Ronny Boesing (@bloggersclub) from OpenLedger has attended the Blockchain & Bitcoin Conference in Tallinn, Estonia

• OpenLedger will be hosting an ICO for the Internet of Coins project. The ICO/Fundraiser will start on March 21st, 2017. The news was released in a blog post that can be found HERE - The following is an extract from that post 'Essentially a wallet, Internet of Coins is a secure way to store cryptocurrencies and smart contracts, and trade them without centralized exchanges. With an easy-to-use interface to manage multiple coins and assets, users of Internet of Coins need no advanced technological knowledge to work with cryptocurrencies. Furthermore, the platform acts as an interface to smart contract systems, decentralized communications, and distributed notary functions.'

• @kencode has released his weekly update filled with news from a number of projects that Bitshares-Munich are working on (BlockPay, C-IPFS, Bitshares Stealth, Smartcoins Wallet). His Update can be found HERE <- lots of good stuff in here!!

• Bitshares-Munich has released a new version of the BlockPay S mobile application (v1.5.9). Download the latest version for the Google Playstore.

• @taskmanager has preformed a buyback of his TASKMANAGER token via Open.Steem find out more details HERE

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

• This weeks Beyond Bitcoin hangout recording has been published. This week had talks from @peerplays @agent725 @bitkapital and @peugenio you can find more details and the recording HERE

• Current registered wallets/accounts within the Bitshares network is 157392; an increase of 450 wallets/accounts since last week

• The last asset registered this week is asset #1292 and it is named 'DEXBTC' registered by 'dex-assets' with the description '1 BTC backed with bitcoin'.

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	2,588,596,964	1,761,978.00	0.07%
BTS Stealth	266,837	-	0.00%
BTS in Open Orders (DEX)	37568682.88	-534,092.73	-1.40%
Reserve Pool	1,011,984,111	-1,761,979.00	-0.17%
RP Accumulated fees	29,978	177.00	0.59%
Collateral (top 250) backing Smartcoins	327168618	17,963,071.00	5.81%
Top 100 Total	1,392,168,055	-4,323,505.21	-0.31%
Top 100 - minus Exchanges	526,855,832	10,718,250.77	2.08%
Exchanges	865,312,223	-15,041,755.98	-1.71%
Non Exchanges	1,723,284,741	16,803,733.98	0.98%

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	0.00000333	0.0041425	39,326,376.88	162,909.49	54.5962	145.68%
CNY	0.02821389	0.00408085	32,704,934.52	133,463.86	45.4038	166.29%
USD	0.00418368	0.00418368	0	0	0
EUR	0.00359878	0.00383415	0	0	0
NXT	0.103	0.00072433	0	0	0

Worker Proposals

This section will identify the current approved and pending worker proposals

Active Worker:

• Alfredo Garcia, Bitshares Core Dev
• Soledger - Vikram/Agent86 - Project administration & essential maintenance
• SVK - GUI Development
• Xeroc - Python-steem and uptick
• Advertisement on 8btc.com

Proposed Worker

• 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 USD

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	2,588,596,964	0.00411451	2,588,596,964	$10,650,808.09	0.0681%
BTS Stealth	266,837	0.00411451	266,837	$1,097.90	0.0000%
Reserve Pool	1,011,984,111	0.00411451	1,011,984,111	$4,163,818.74	-0.1738%
Accumulated fees	29,978	0.00411451	29,978	$123.34	0.5939%
BitUSD	186,641	246	45,913,686	$188,912.32	49.7465%
BitCNY	1,041,789	35.2	36,670,973	$150,883.08	-7.9095%
BitEUR	6,879	261.3	1,797,483	$7,395.76	16.9103%
BitBTC	39.3	303,030	11,909,079	$49,000.02	-0.5063%
BitGold	9.8	294,825	2,889,285	$11,887.99	2.7254%
BitSilver	1,473	4,165	6,135,045	$25,242.70	15.8930%

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	2236	42
compumatrix1	1635	0
jianjolly-0	1608	39
openledger	514	0
btsabc	438	4
fav	338	5
cryptofresh	326	2
gn1	233	1
ccm2015	224	0
cryptocurrency3	186	1
by24seven	169	2
sdr	120	3
cat-ch	119	0

Vote Proxies

This section will track the change in proxy voting

Account	Opinions	Followers	Weight (M)	Weight Change (M)
xeroc	37	163	227.1	16.9
bitcrab	39	23	109.9	11.7
baozi	19	64	84.6	-4.2
laomao	35	3	50.4	1.7
bitshares-munich-wallet	9	11	26.4	0.2
harvey	50	5	22.4	0
jonnybitcoin	28	14	13.9	0
fav	24	35	13.7	0
bytemaster	38	41	11.5	0.1
baicai	49	4	10.7	0.2

Committee Members

This section will track shareholder approval of committee members

Account	Votes (M)	Votes Change (M)
bitcrab	609.4	0
chris4210	552.4	0
bhuz	521.3	0
abit	474.7	0
xeroc	464.5	0
clayop	461.3	0
dele-puppy	395.1	0
bunkerchainlabs-com	392.9	0
ebit	332.2	0
bitcube	298.6	0
harvey-xts	190.4	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	bitcc-bts-cold	346419056.4	0	-	0.00%
2	poloniexcoldstorage	290001202.9	0	-	0.00%
3	poloniexwallet	76741905.19	0	-5,335,569.47	-6.50%
4	yunbi-cold-wallet	35003434.68	0	-	0.00%
5	bitcc-bts	32443241.63	0	8,217,622.83	33.92%
6	pr1modiaprile	24999291.42	0	-	0.00%
7	bittrex-deposit	21849158.85	0	140,589.28	0.65%
8	btsx-bitshare	19863402	0	-	0.00%
9	stan	17134775.69	0	-	0.00%
10	btercom	17049117.35	0	-	0.00%
11	alohacs	16855553.92	0	-	0.00%
12	yun-bts	15438254.19	0	1,685,338.09	12.25%
13	tsuratsura-3557	14905864.52	0	-1,858,671.92	-11.09%
14	evan	12118147.13	0	-	0.00%
15	cass	11068344.41	0	-	0.00%
16	mcxcwbts	10818456.61	0	-	0.00%
17	funnycat-air	10811808.18	6928719	-727,500.15	-6.30%
18	bitshares-munich-wallet	10793378.87	0	-	0.00%
19	crypto-maniac	10597469.97	0	-	0.00%
20	hnnr8	10471001.86	0	-	0.00%
21	jonnybitcoin	10000010.5	0	136,712.03	1.39%
22	invictus	9815143.343	0	-	0.00%
23	virtual-ventures	9318077.011	0	-	0.00%
24	jiny2	9263139.165	0	-8,770.37	-0.09%
25	suyuekuangcheng666	8899393.782	6644200	-	0.00%
26	roje	8850428.578	0	-	0.00%
27	ibilitlan-scoltock	8673958.411	0	8,673,958.41	New to T1000
28	coldstorage1	8300000	0	-	0.00%
29	cievia-waugaman	7990212.251	0	-	0.00%
30	bc-godpay	7563433.058	0	-	0.00%
31	dev.bitsharesblocks	7540774.309	1885782.194	-30,940.72	-0.41%
32	haeassa-granovsky	7431930.353	0	-	0.00%
33	abinia-rivard	6550561.954	0	-	0.00%
34	goldsix	6050400.848	0	-	0.00%
35	ubris	5999999.845	0	-	0.00%
36	fericia-brick	5766621.727	0	-	0.00%
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	pay.xeroc	5390378.805	0	-	0.00%
42	cissy	5383923.483	10000	-	0.00%
43	bristolbay	5325002.672	0	-	0.00%
44	teiva	5276562.396	1030000	-	0.00%
45	comp6	5250152.721	0	1,408,405.77	36.66%
46	xhunter	5233237.27	0	-	0.00%
47	trans.bot	5217136.679	634735.0356	2,233,146.22	74.84%
48	jeraud-kanze	5172697.487	0	-	0.00%
49	ccedk.escrow2	5150294.966	0	-	0.00%
50	ironbank	5144966.404	8000	-	0.00%
51	lzr1900	5087494.019	0	1,425,685.60	38.93%
52	laow	5057707.821	0	-	0.00%
53	roland.sun	5022491.809	0	-	0.00%
54	bitcc-bts-withdrawal	4942775.211	0	-17,187,781.65	-77.67%
55	prebuffo1970	4834033.226	0	-	0.00%
56	geravia-mackinnon	4777689.635	0	-	0.00%
57	mybak	4709246.334	0	-	0.00%
58	harvey	4699119.747	34839.55	-1.29	0.00%
59	spring	4673511.95	110000	-	0.00%
60	satoshi-pie	4622790.181	0	1,505,423.99	48.29%
61	cnfund	4556137.854	0	-90,685.89	-1.95%
62	bts88	4527532	0	-	0.00%
63	impseu1	4432045.44	0	-	0.00%
64	btsxzzh2	4348431.46	0	-	0.00%
65	onceuponatime	4190280.58	0	-38,924.32	-0.92%
66	kimziv0	4176436.612	0	-	0.00%
67	stellar	4118034.258	4637.1	-	0.00%
68	slim	4100811.632	0	-	0.00%
69	quonael-lievesley	4087235.19	0	-	0.00%
70	elendasa-benjamin	3925769.873	0	-	0.00%
71	wesley-waugaman	3921027.341	0	-	0.00%
72	hermes3	3832194.901	0	-	0.00%
73	blocktrades	3816988.722	6677.33872	3,190,312.47	509.08%
74	wys	3706185.413	0	-	0.00%
75	jaehyuk	3627054.385	0	-	0.00%
76	bts-morning	3491846.009	0	-	0.00%
77	mike-primorac	3479329.453	0	-	0.00%
78	koocaa	3453196.418	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	tyrone-shoelaces	3233062.134	0	-	0.00%
83	chryspano	3200097.451	0	-	0.00%
84	bafohald-degeorge	3189865.947	0	-	0.00%
85	bterdeposit	3087096.942	0	-479,611.51	-13.45%
86	bunkerchainlabs-com	3076668.779	0	-	0.00%
87	bitgate-ico1	3040926.067	0	-	0.00%
88	null-account	3011944.766	0	-	0.00%
89	anonym7	2972988.998	0	-	0.00%
90	profoot	2949982.108	0	-	0.00%
91	ccddd	2800000	0	-	0.00%
92	laplap5	2773334.348	0	344,248.00	14.17%
93	mostar	2751889.402	22900	-	0.00%
94	douglasriese1994	2642911.206	0	461,502.95	21.16%
95	rand1	2586346.83	0	-	0.00%
96	bang-king	2570419.946	0	-0.24	0.00%
97	kan791	2569361.488	0	-	0.00%
98	enki	2556297.131	89953.10196	229,584.40	9.87%
99	dragongroup	2549459.689	0	-	0.00%
100	hardfork2	2545413.479	0	-	0.00%

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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