Bitshares - State of the Network - 16th January 2018

in bitshares •  10 months ago

Welcome to the 69th 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 - 16th January 2018

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.

  • Alfredo Garcia (Bitshares core developer) has proposed a new worker proposal set to come into affect on the 22nd of Jan 2018. This new worker is to replace his previous worker proposal which has now expired. Alfredo has done great work on the Bitshares platform and the votes speak for themselves with his worker proposal already receiving enough vote to have it become active on the day of commencement

  • The team from Scorum (currently in ICO) have outlined an opensource method of doing ACCT (Atomic Cross Chain Transaction) on Graphene based chains. The paper outlines specifically a method demonstrating ACCT between their Graphene based chain and Litecoin. The team who developed this method have also offered support to implement this function within the Bitshares network. For more information see the ACCT Guide and their post on BitsharesTalk forum HERE

  • A new version of the Bitshares Reference wallet has been released (v2.0.180115). This update has featured more prominent headers on the exchange, updated send modal and language selector as well as some bug fixes. Get more information about the changes HERE and previous update HERE

  • @michaelx on behalf of Cryptonomex has created a worker proposal seeking the funds required to purchase This domain was acquired by a fore-thinking squatter that recognised the value of the project. As Bitshares has grown so has the price of this domain and at the moment the asking price is said to be 250,000 USD. Apparently their is another party interested in purchasing this domain and from what we know this is not a member of the community or anyone related to the project.. obviously a domain in the wrong hands is not ideal. The worker proposal is for 500,000 BTS. more details HERE

  • 24 hour trade volume of 170 Million USD on the DEX recorded on the 16th of Jan

  • Due to a fee reduction the cost of Life Time Membership's on the Bitshares network have been reduced from 1457 BTS down to 110.8 BTS. Given the current market condition these are the cheapest prices i have seen for LTM's.. I recommend if you have been waiting for a time to buy this membership then you should consider the current sale prices.

  • The Bitspark teams has released another update to the Zephyr project. Update #4 covers some technical and business updates including new team members, signing of NDAs as well as development on the upcoming Sendy 2.0 mobile app and more. Read the full report HERE

  • A quote from George Harrap (Co-Founder of Bitspark): 'There is only 1 DEX that has 1. Been in existence 3.5years. 2. Operated at 3300tx/s. 3. Have zero counterparty stablecoins. 4. $200m vol yesterday. objectively #bitshares is so far ahead of other projects it’s not even close'

  • RuDEX team have launched 0% market fee gateways for Karma and Decent, they ask you to vote for their witness blckchnd

  • Centralized Exchange Coinbene started offering bitCNY Markets. More information HERE

  • @cm-steem has released a server on the testnet for his HUG REST API; This API provides open-source high performance interface to the Bitshares network through simple GET requests. For more information see his full post HERE

  • The Beyond Bitcoin Bitshares weekly hangouts have now moved to the Discord platform. You can join the Bitshares Discord HERE and also catch the latest hangouts streamed live on youtube HERE

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

  • Current registered wallets/accounts within the Bitshares network is 643928; an increase of 39112 wallets/accounts since last week

Smartcoin issuance chart showing weekly change since the start of 2017

Bitshares Referance wallet V 2.0.180115


Bitsparks Sendy App

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 Supply2,607,248,196 714,423.000.03%
BTS Stealth287,458-0.00%
BTS in Open Orders (DEX - T250)6495621 1,247,342.0020.77%
Reserve Pool993,324,958 -714,423.00-0.07%
RP Accumulated fees37,401-0.00%
Collateral (top 250) backing Smartcoins450823661 -41,535,605.00-8.61%
Top 100 Total1,139,836,375 51,333,240.004.65%
Top 100 - minus Exchanges460,737,962 32,590,607.007.32%
Exchanges679,098,413 18,742,633.002.84%
Non Exchanges1,928,149,783 -18,028,210.00-0.93%

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 Bridge.BTC


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

AssetSupplyPriceMarket Cap BTSMarket Cap USDSupply Change W/W
BTS2,607,248,1960.3292,607,248,196$858,330,927.13 0.018%
BTS Stealth287,4580.329287,458$94,633.91 0.000%
Reserve Pool993,324,9580.329993,324,958$327,012,032.63 -0.048%
Accumulated fees37,4010.32937,401$12,312.77 -0.235%
BitUSD20,085,4293.0561,260,558$20,167,559.04 16.606%
BitCNY279,691,5310.476133,133,169$43,828,706.58 40.309%
BitEUR284,5423.731,061,342$349,403.78 0.892%
BitBTC47.234,6191,634,017$537,933.89 18.794%
BitGold250.44,0901,024,136$337,155.32 68.717%
BitSilver22,40052.61,178,240$387,887.82 1.324%
Ruble16,083,7500.0542871,739$286,984.86 25.165%
HERO2,4835021,246,466$410,348.47 1.858%

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)
bitcrab6679243 -6.6
xeroc39218209.4 -25.3
openledger38798680.7 -84.6
still8121961.7 -43
bitshareseurope044641.9 1.8
michaelx3633.8 23.8
fav2914832.6 1.2
blckchnd28135230 5
baozi306321.3 -8.4
abit4843720.2 1.6

Committee Members

This section will track shareholder approval of committee members

AccountVotes (M)Votes Change (M)
bitcrab798.3 -191.4
abit780.4 -192.4
xeroc724.9 -129.2
witness.still719.5 -186.3
bhuz668.1 -128.8
clayop641.4 -134.9
bunkerchainlabs-com603.1 -83.4
openledgerdc540.9 -117.7
ebit420.7 -67.5
chris4210415.4 -68.1
fav408.4 -94.7

Active Witnesses

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

RankWitnessVotesMissedMissed W/W
1in.abit 1.6.35 820.87121
2 bhuz 1.6.17 76015781
3 roelandp 1.6.74 746322
4 witness.yao 1.6.71 740.135625
5 witness.still 1.6.69 728.191966
6 xn-delegate 1.6.59 717.2283110
7delegate-1.lafona 1.6.28 676.143993
8xeldal 1.6.22 663.222646
9 delegate-zhaomu 1.6.98 656.488
10rnglab 1.6.45 624.520899
11 abc123 1.6.65 603.112795
12 crazybit 1.6.84 591.346910
13 elmato 1.6.20 585.6429411
14 openledger-dc 1.6.76 583.263118
15 xman 1.6.64 570.9165614
16delegate.freedom 1.6.63 517.848676
17 verbaltech2 1.6.34 46738579
18 blckchnd 1.6.75 459.793312
19 delegate.ihashfury 1.6.26 458.5869
20 fox 1.6.16 453.636145
21 sahkan-bitshares 1.6.73 441.81196256
22 delegate.taolje 1.6.38 4004764414
23 billbutler-witness 1.6.92 392.6382304
24 mr.agsexplorer 1.6.24 380.77657
25 delegate-clayop 1.6.27 364.25200

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 %
2binance-cold-1114,787,664020,666,888.00 21.96%
3poloniexwallet81,770,9320-1,304,273.00 -1.57%
4zbbts77,223,142016,176,772.00 26.50%
5bitcc-bts-cold51,427,9190-12,833,422.00 -19.97%
6binance-bts-134,298,96901,471,006.00 4.48%
7bittrex-deposit25,859,2380-7,446,822.00 -22.36%
8delta-lion22,594,088022,188,588.00 5471.91%
9gamma-rabbit22,582,037013,811,063.00 157.46%
10btschbtc17,000,9840-1,000,002.00 -5.56%
11binance-bitshares-gvbdb84k6h15,097,37201,468,613.00 10.78%
13ranchorelaxo201714,218,37009,995,097.00 236.67%
16yun-bts11,988,8750-3,506,335.00 -22.63%
17abit11,471,43307,618,152.00 197.71%
19a2dcdf323a8a576408f62604b17a8a5210,122,7390-1,863,095.00 -15.54%
23roje8,040,4090-810,010.00 -9.15%
28cass6,737,5850-62,435.00 -0.92%
33zbsend6,239,94803,482,013.00 126.25%
36onceuponatime5,714,72310000-1,982,015.00 -25.75%
37anonymous5,685,5570-4,146,386.00 -42.17%
42rit-capital-partners5,328,94605,243,995.00 6172.96%
45btercom5,050,20804,050,208.00 405.02%
48tsuratsura-35574,875,0010-125,000.00 -2.50%
49linhan4,825,0940-600,001.00 -11.06%
51bitcoinindonesia4,452,5080112,454.00 2.59%
54aex-bts-deposit-wallet4,107,09903,107,099.00 310.71%
59slim3,939,0980-4,556.00 -0.12%
61bts-morning3,877,1700-1,737,949.00 -30.95%
64mr-wang3,490,67312500051,315,700.00 60.49%
66demo.btsbots3,203,734974292,203,734.00 220.37%
70jaehyuk3,127,0530-100,000.00 -3.10%
71leon02013,076,44201,461,283.00 90.47%
72livecoin-net3,017,5490-666,125.00 -18.08%
74cny1233,002,35401,810,535.00 151.91%
78jackkang2,860,9410-21,999.00 -0.76%
80abc.btsbots2,776,2610526,225.00 23.39%
82bunkerchainlabs-com2,764,728098.00 0.00%
84coinegg-main2,635,2550-4,549,849.00 -63.32%
91bitspark-deposit2,483,3280-6.00 0.00%
92makkiavelli19772,483,13401,483,134.00 148.31%
93scottmclane2,467,116710000-710,000.00 -22.35%
94wackou2,416,7430299,994.00 14.17%
95asdbii-bts2,361,998084,999.00 3.73%
96seer2,314,7950620,647.00 36.63%
98poloniex2,256,95009,230.00 0.41%

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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11,000+ New BTS holders this week and 23,000+ since 2018 - These are account that hold BTS on the network (not on an exchange)


Wow, this is starting to go parabolic isn't it?


And here's the beautiful price path :)

BitShares (BTS) - Analysis (403% POTENTIAL PROFIT)

Screen Shot 2018-01-21 at 00.19.01.png


It's amazing haha, it means it's starting to be adopted ;)


why u confused? plz reply me !


It's really making good business (Y)


Before Downvoting This Post Read This On Steemit - ! #ripsid hashtag ! If u are not going to donate then atleast this article


I'm a big holder on Bitshares... Trying to diversify with other good projects, here's a technical analysis I did on Augur:

Screen Shot 2018-01-18 at 23.47.14.png


I think boozecoin had something to do with it. Hopefully someone cried when they saw the fees.


This looks like great news! Thanks!


@steempower your post is very informative and attractive as well.

Decentralized exchanger and an amazing community...I see a bright future for this project!

Bitshares so awesome!

looking forward to see bitshares among the top coins in 2018.

Could someone explain to me, how do I make a worker proposal? I'd love if we could get a shape-shift like front end for the BTS DEX, but I couldn't figure out how to propose it.


I might be totally off base; but, have you considered working through

Also, I'd suggest joining the Bitshares Discord group mentioned above.

I hope this helps.



btw has 'instant conversion' which is a shapeshift style service builtin to the Bitshares reference wallet


If you are using one of the recent Bitshares reference wallet releases; you can go to the voting tab (from the hamburger menu in the top right) and select 'Worker Proposals' then there is a button to 'Create a New Worker'

Thanks, as always, for the thorough reporting on BTS. I had a few questions.

  1. A while back I read that there was an idea floating around to change the name from Bitshares to something else. Is that still a possibility?
  2. Is there any plan to make the wallet exchange portion a bit more user-friendly, which I think is important for new user adoption?
  1. It is something that still might be on the cards but we are also fond of our existing name and preserving an important legacy - Bitshares is not some new blockchain; it is a proven system that has been operating successfully for years.. if we change names we will lose a little bit of that brand recognition.

  2. The Bitshares reference wallet is being constantly with new releases coming out every 2 weeks. This is an active work proposal being project managed by @billbutler - he has a team of dev working on milestones in a agile framework.

2a. If you are using 1 of the many 3rd party provider such as RuDEX, Openledger, Bridge ect ect you may not see these updates as these teams independently maintain their own wallets and would need to merge changes for the updates to be seen by their customers

If you front page does not look similar to below i recommend you check out the latest release of the references clients (you will not be disappointed) - Web/Cloud wallet - Desktop wallet

LifeTime Membership only 110 BTS now!! Me and my peoples are definitely hopping on that deal...

I already have an account am I still able to put you down as the Referrer?


wow. It used to be about $100. Why is it so cheap now?

I just upgraded!


I think it used to be a static number, but with the price rising over the last month, that became too expensive :) Not sure if it's dynamically calculated now, of if they just lowered it. Either way, I'm now a member :D


The committee member review fees periodically or after a large price change and propose updates to keep fee's inline with a USD reference.
BTS holders then have the ability to accept or decline those changes by way of voting.

So it is not dynamically set at the moment, but the community and committee members do keep an eye on price changes and strive to provide cheap services on the network


I think its a good deal; i think i paid over 10,000 BTS for my LTM ;)

Your referrer is only set when you initially create the account; if you have many peoples then you might want to get your LTM sorted first then they could use your referral link and you will get a % of the fee's they pay as a reward for introducing them to the platform


Excuse my ignorance what benefits does lifetime membership provide ?


No worries! 80% refund on all transaction fees...Personally im done with Centralized Exchanges and seriously plan on only using OpenLedger, so for me spending only $38 worth of BTS to almost never pay a fee again is worth it.


Thanks my friend ! If Bitshares ends up being as big as people think it's going to be,then that will be a $38 very well spent !


Don't forget premium name registration and the ability to use the referral program for a % of the network fees paid by people you introduce to the network.

Buying BitShares.Com is a very good idea! How could we help that project? I want to participate for it!



The proposal has already expired :(
I included it as i thought it was a worthy effort and attempt to protect a valuable resource. it may come up
for voting again and in that case you can vote for the proposal in the Bitshares Reference wallet


I will try to find it! Demand for the domain is so huge! But when thinking about the future of BTS, we need to buy it ASAP! Hope community will consider! Why we can't initiate a donation process in STEEMIT? I think it might work too!
Thanks for your kind response!



Personally, I would choose to not pay the assdick any money for it. It hurts to not have that domain, but if we answer to this kind of 'extortion' we'll give the signal that this kind of douchy behavior is actually acceptable and even profitable.

Current registered wallets/accounts within the Bitshares network is 643928; an increase of 39112 wallets/accounts since last week
amazing, want to be a part now


25% of those account are actually holding BTS as well.. some people come and create an account and kick the tyres, some people create extra accounts ect.
The chart below actually shows the increase in accounts holding BTS per week (i only have a few months of data on this sadly)

Hi @steempower ! This report about Bitshares is huge! Thanks for sharing.

Question here, do you know were to get more valueable information about the AriseBank? Its very interesting everything we will be able to do with it!

The AriseBank is the first of the alliance that @stan was talking about 2 weeks ago? It will make BTS to skeyrocket for sure, and the possibility to buy BTS with fiat will push price to higher highs, do you believe so?

By the way, It was great to have your support on one of the first chapters of the 11 chapter full steemit guide to help new users of steemit, new visitors and minnows to learn as much as possible about steemit and the steem blockchain.

Here is the last Chapter 7 I posted, it would be great to hear from you when you get the chance.

Chapter 7 of 11: Learning "When and How to use Voting bots to upvote Quality Posts that you would like to be reached by more people - & how Cheetah bots help avoid Plagiarism"

Looking forward to hear from you!

Regards, @gold84

Great update and lots of great news :)

Past is past, mind it.

Bitshares is a great platform. It doesn’t have scalability problem like ethereum.

I bought a lot of bts yesterday!

Awesome! I'm really, REALLY, appreciative of these posts. Keep up the great work! <3

When I even attempt to read through posts like this I get anxious - it is a completely foreign language to me. Just glad that so many of you here are clearly at home with it. It's a 'Brave New World';)

2018 will be a big year for bitshares!

How come Bitshares didn't own that domain? They supposed to include every Bitshares domain in the list of possible cost.

And with this well written and explained, I can't wait to see BTS as one of the most leading coin in the crypto market..
Nice idea and work.
I'll keep following up on your updates

Very Nice posting
Please follow me @sohailomi

how is it use full in further and will it be helpfull for all who are looking forward in the bitcoin

Wonderful my dear.... your valuable post sharing us, i like this post. i want your next post for sharing us my dear friend. all the best....... upvote and resteemit done

@steempower...thannk you very much for sharing this wonderful update yo us...really bitsharer is a very good site to buy....thank you for sharing information with us...have a nice day...

great information dear I check your blog good work you are doing good I follow you hope you will share more information like this thanks

Great job...
thanks for sharing the cryptocurrency news.

also good like your job.thank you So much!

wow, this is a very detailed report. Glad I found your channel on steemit. Keep up the great work. Theres some really good information posted here.

damn good research

A lifetime membership does sound interesting, and I am holding bts at the moment. Can you point me to some information on what bitshares does and how it works?

Lately been reading about crypto currencies and its fluctuation and Yeah am an investor in bitcoin but am sorry to say it wasnt really good about its worth but with chart i have been seeing, there might really be a boom on these currencies with alittle time frame that from my research am optimistic about.. thanks for this post on bitshares too..

Congratulations @steempower, this post is the third most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 41 and the total pending payments to posts in these categories was $4985.95. To see the full list of highest paid posts across all accounts categories, click here.

If you do not wish to receive these messages in future, please reply stop to this comment.

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @glitterfart valued at 153.38 SBD, based on the pending payout at the time the data was extracted.

If you do not wish to receive these messages in future, reply with the word "stop".

Looks amazing man my VP is done please vote later 👍

Great information in there , The future is there ..

Amazing post
permission to follow you and please vote for me who is new in steemit
thank you

AriseBank will show the bankster what it means to banking financial services to the people.


Stop promoting Arise, it's a fraud and it's going to hurt bitshares in a big way if this is continued. Please read this:

It's full of very clear evidence of fraudulent behavior. I only say this to you because I was one of the ones who sent you bts early on the way to 5000 bts and know you have good promotion skills.

GREAT post! I love BitShares. Thank you so much for sharing all this information.

wow. its an awesome article . I have learn a lot . im still new here in steemit. can you please help me and support me in my blog. thank you :)

Thanks for this info. I have been purchasing as much Bitshares as I can get with my steemit earnings. Doubt has tried to sneak in a couple of times this week and your post has helped to make that doubt run away again. Bitshares is going to be big and Steem will be right there with it.

really bitshares

Great Post..👌

nice article. thanks. upvoted.

BTC readers are thinking to buy bitcoin on this status or sell it :D No one knows it's going to be up again or down.

I am enjoying the Bitshares community, love the platform and the value!

I held through the Crashening. I have confidence in the platform and it's creators.

Finally!! This is one of the few reports I look forward to every week. I glad you guys are keeping it going.

There is a lot of exciting prospects in Bitshare's future! Glad to be in on the ground floor!

Moon Shot in Progress!!!!!!!!

Respect your analysis work. Resteem and upvoted.

Good job, the post is genial

I do not really understand about the contents of your post, but I will always follow you, thank you very much for all your goodness @steempower

Thank you for the informative content, keep it up! :)

Wow! Really looking forward to this! :D

i agree with u.. plz reply !!!!

you are really doing amaxing,please help me to upvote me ,please i am on the less possion please upvote me.
thank you

Wow! Great post!

How to work this, please teach me.. Really need to learn..

Thanks @steempower for sharing these amazing updates of a great DEX platfrom.

This just goes to show how amazing this coin really is. I found BTS when it was .08 and I invested because I truly believe this has potential to be long term top 5 coin on CMC. EOS top 3 one day too. Can I get an Amen?


100$ can buy,how many?

Congratulations @steempower!
Your post was mentioned in the hit parade in the following category:

  • Pending payout - Ranked 4 with $ 519,29

I am very impressed with the content of your story @steempower . Really inspiring for me, do not forget to visit my story follow and upvote @ irwansyah883

Good @steempower

I like this posting.
hopefully you add success yes

Thanks for the info

Good Job!!! I like this...

Bitshares seems good, I am long BTS, but who's running bitshares now that Dan Larimer has left?

oh good you're ok. chat was worried :) love your summaries!

good post, I like your post ..

I need your support please visit my blog
if you like my post please give upvote, resteem &follow me.
thank you, keep on steemit

Hey @steempower, check out the Discord link given above, it is either an instant invite or has expired. Might need to replace that with a never expiring one.

And all out of the hands of the bankers.....halleluja!

Such amazing info keep sharing,God bless you

 Thank you for posting dear @steempower

Would not take much of your time but definitely would want to say a huge thanks man for sharing a complete detailed post on Bit shares truly i am amazed to see how much capabilities it hold i was thinking only steem could outshine but no i was wrong Bitshares is capable of doing the same and with more potential was checking the Blockvity stat's and the bitshares was rocking in the top 3 wow i would definitely wanna invest in this it has huge capabilities of scaling up.

Thank you,Have a great day ahead.


very good idea. I like you still. Thank you so much for this post

Thanks helpful!!!

I'm glad your back! Got us worried over here :)

Hi. I'm just getting my head around Bitshares. I noticed you are a witness over there so I dropped you a vote.

Thanks for the update. So many cool things Bitshares can do it's incredible.

it's really nice post