Bitshares - State of the Network - 19th July 2017

in #bitshares5 years ago (edited)

Welcome to the 44th 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 - 19th 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.

  • BitUSD is still worth $1 USD (this should not be a surprise to anyone)

  • Peter Conrad (@cyrano) has had his worker proposal (HERE) accepted by the Bitshares shareholders. This worker proposal relates to the development and implementation of BSIP-0018 titled "Revive BitAsset through buying Settlement Pool".

  • @michaelx has released an article on huffington post titled "Please don't change Bitcoin, you'll break it!". The article relates to Bitcoin, BitShares and the Hero and the niches that each technology addresses. You can view the original article HERE or @stan has also shared the content on Steemit HERE

  • @kencode has released his weekly update for Smartcoins Wallet, BlockPay, Ledger Nano S, Stealth and BitShares Munich IVS. This weeks update sees 2 new developers enter the team focused on the Ledger Nano S integration and Stealth! There is also updates for Blockpay and a new release of the Smartcoins Wallet. You can see his update HERE. This week has also seen the release of BlockPay "S" v1.5.13 which can be found HERE

  • Ronny Boesing (CEO of OpenLedger) will be on the main Stage at the State of Digital Money 2017 Conference, Los Angeles, CA, July 22 2017 (Openledger 25% off Discount Code HERE). Also on July 30-31 Aviva Õunap, CMO of OpenLedger ApS on the Main Stage at Finwise 2017 Global Blockchain Summit in Shanghai, China, presenting the OpenLedger ecosystem and upcoming ITOs, including GetGame, OCASH and APPTRADE

  • Ronny Boesing (CEO of OpenLedger) has announced upcoming sharedrops on OBITS holders for 5% of the following projects OCASH, eDEV, GetGame and Apptrade. There was also a mention of a QORA sharedrop in the next few days (given the posting date of this article this looks to be another QORA sharedrop in addition to the one conducted 1 week ago). Check out his full announcements HERE

  • OBITS voting is happening again. If you are an OBITS holders your personal username and password sent in the memo of a 1 BTS transaction from 'obits-voting'. Check your wallet for the TX and see the memo for your credentials. Example: 'Vote for OBITS - Let your voice be heard! Dear OpenLedger user! You have received this message as you are currently listed as an OBITS holder. We invite you to take part in the voting process offered connected to our monthly OBITS buyback&burn feature. Your personal login/password for voting are: ************* / *********** To take part in the voting we invite you to please visit the following page:'

  • @virtual-growth has presented an idea in the last Whaletank hangout for a trading contest based on the Bitshares network. You can listen to his presentation HERE or see his written concept HERE

  • Congratulations to @mrehqe and @robertdurst10 on winning some Bitshares swag from @robrigo in his raffle

  • This week has seen the 'BitsharesDEX' telegram channel break the 2000 members mark and remains one of the most active channels of communication for the Bitshares community.

  • Bitshares user 'Spike Spiegel' has done a great job creating and maintaining the Bitshares thread on Bitcoin Talk. You can see his work and show your support HERE

  • Dan Robles has introduced BitShares/Steem/EOS ecosystem to engineers from the American Society of Civil Engineers. Dan has also been working from some time on digital currency called 'Quant' focused toward engineers to store value in infrastructure. See his video HERE

  • @stan this week has mentioned a couple of quotes from the PR firm Digital Launch in relation to the HERO campaign. "The time is now for us to strike without question. A little more organizing and we will go full force. The market is ours for the taking and the market is ours for the setting.". "This is a perfect event for us to take advantage of".

  • @fav has created a unified graphene discord server. To join this channel and keep up with the news on all Graphene chains please follow this link HERE

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

  • Current registered wallets/accounts within the Bitshares network is 372773; an increase of 11467 wallets/accounts since last week

  • The last asset registered this week is asset #1530 and it is named 'TIMESHARES' registered by 'pocketrocket69' with no description.

Smartcoin issueance chart showing weekly change since the start of 2017

Graphene Ecosystem

Block.One Presentation from London Fintech Week

Everyone wants 5% : HERO

The Bitshares Phoenix

BitShares Synergies by @ash - See full post HERE

'Bitshares Guy'

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
BTS2,596,936,0300.106479632,596,936,030$276,520,787.61 0.0082%
BTS Stealth270,3230.10647963270,323$28,783.89 0.03%
Reserve Pool1,003,636,0300.106479631,003,636,030$106,866,793.13 -0.0212%
Accumulated fees76,1060.1064796376,106$8,103.74 877.85%
BitUSD3,930,3959.4537,142,233$3,930,395.00 -11.70%
BitCNY53,309,5191.38373,727,065$7,850,430.58 -25.89%
BitEUR90,67910.87985,681$104,954.92 -11.45%
BitBTC7621,1801,609,680$171,398.13 -4.40%
BitGold83.911,676979,616$104,309.19 -7.19%
BitSilver9,072152.21,380,758$147,022.64 -6.74%
Ruble1,531,0550.1563239,304$25,480.99 -8.52%
HERO1,7661,4582,574,828$274,166.73 -62.98%

Committee Members

This section will track shareholder approval of committee members

AccountVotes (M)Votes Change (M)
bitcrab789.9 -18.4
abit762.6 -27
bhuz736.1 -24.9
clayop663.8 -16.9
xeroc608.3 -27.2
chris4210606 -24.4
bunkerchainlabs-com573.8 -26.2
witness.still570.1 -26.9
openledgerdc417.3 -30.2
harvey-xts415.6 -16.3
ebit387.4 -22.9

Active Witnesses

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

RankWitnessVotesMissedMissed W/W
1in.abit 1.6.35 841.47031
2bhuz 1.6.17 817.91559
3fox 1.6.16 817.73343
4wackou 1.6.18 812.517834
5verbaltech2 1.6.34 811.31664
6 rnglab 1.6.45 7651817
7 witness.yao 1.6.71 764.13536
8 xman 1.6.64 759.215965
9 delegate.baozi 1.6.37 75714311
10 elmato 1.6.20 747.840682
11 witness.still 1.6.69 745.589164
12 xn-delegate 1.6.59 730.82746
13 xeldal 1.6.22 674.218714
14 roelandp 1.6.74 643.271
15blckchnd 1.6.75 629.55821
16 openledger-dc 1.6.76 6295033
17sahkan-bitshares 1.6.73 5717823
18 abc123 1.6.65 569.912541
19 delegate-1.lafona 1.6.28 56213212
20 delegate.freedom 1.6.63 519.544371
21harvey-xts 1.6.23 517.95806
22mr.agsexplorer 1.6.24 509.24842557
23 delegate.btsnow 1.6.40 481.14035267
24 spartako 1.6.15 468.916091
25 delegate-clayop 1.6.27 4624841

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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I am slowly building up some exposure to BTS because the need for decentralised exchanges and coins with Real Life Applications attached to them are very much needed (and a potential value magnet in the future). I think BitShares could benefit from a strong and continuing marketing campaign and continuous development of the UI and number of tokens/coins supported. My immediate concern in this respect is that the UI for deposit/withdrawal is still somewhat technical and difficult to follow for non-tech savvy people.

@stan is working of some marketing for the Billion Hero Campaign which will include some exposure for Bitshares it self, but agree we need to get the word out more. Bitshares community is known for no hype and smart people quietly building and improving the platform but not for its marketing prowess.

Deposits BTS is easy you just use your alias/accountname (no need for cryptic addresses), its just a send transaction, but the deposit/withdraw page (used for interaction with the bridges and gateways) is a little confronting at first.. JonnyBitcoin is actually looking for input as to how we can reduce the complexity and make it more intuitive (HERE). Also agree the UI is very powerful and flexible but we could benefit from sole role specific wallets and platforms.

Thanks for the comments

Great work on these weekly reports, keep them coming! :D

Appreciate the kind words CM, Thank you :)

I love these... You know I could stare at this post all day and marvel over the stuff in it.

My favorite is the "Graphene Infosystem" logo / infographic.

It really shows you how deep and wide spread Bitshares is..

I know you love data analysis and critical thinking so i can imagine your mind racing while pouring over the data :)

The Ecosystem pic might be a little bit outdated now but it is still great to get an idea how big this Graphene space is!

Yes. :) Just Yes. :)

Upvoted and resteemed :) good content as always. cheers man

PS: i'm doing raw recording every friday if you use it consider to put my link you can find its on @africa :)

Thanks @africa

I love the raw recordings! it is a great effort on your part to have these available in such a small time frame!

Great post,so much information and very helpful indeed.

Thanks for the detailed update. I think I need to get into Bitshares. What coin should I buy though?

Really depends on what you want to get out of it..

  • BTS is the core tokens and should rise in value as the adoption of the platform increases
  • HERO is a smartcoin pegged to the USD (w/ 5% p/a interest/growth) so will give you value stability
  • OBITS is the native token of OpenLedger and has some interesting opportunities

Beside those options there are many other tokens on the platform that all have their own value proposition

This Post was Added to the Steemit Social Media Queue.

Thanks @steempower for sharing these updates of a great DEX platform.. Bitshares Rocks!

BitsharesDEX username: hms818

Thanks HMS, i agree

so if i have obits in my bitshares account do I get the sharedrops? Or do I need to move them to openledger?

Yes you can hold in either and get the sharedrops.

Openledger is just a business (with it own UI) that runs on top of bitshares. So if you use bitshares native wallet or openledger they both use the same bitshares blockchain

Thank you sir, so anything that needs to be done besides holding the coins in there to get share drops?! And did I read right that half goes to sharedrops, and half to burning coins right now because that's what everyone voted for? Or did I get something wrong?

im newbie in crypto , your post is very helpful , thank you for sharing
Upvoted & Followed

Welcome to the space and thanks for the support

thank you , much appreciated

Thanks @steempower again for another top and quality post , it's worthy to read from A to Z . BTS rock's !! Cheers @Background58

Thanks @background58 glad to hear you are enjoying the posts :)

I just downloaded the bitshares wallet app. time to buy some .bitshares!

Great work man, don't forget the 'BitsharesDEX' telegram channel if you want to engage with the community!

Wow, @steempower, you seriously win in the information department. Thank you for so much information on Bitshares. I'll admit I was given some BTS months ago and I knew nothing about it. I guess I should have come here first.

Free BTS Sounds like a great deal to me!!

'BitsharesDEX' telegram channel will help you out if you need any assistance getting on board

Some margin calls in the smart coin market. Hold your bts as bts and be happy is my philosophy.

Yes leave the margin to the professional traders, for the rest of use the smart coins serve a needed function of providing stability in the crypto space

Uf there is so much to read! But you answered my question with Blockpay! Thanks for including that video! I'll ask around here in Prague what they'd think of it, if it is fast enough then it will be the best POS around.

Nice post @steempower thank you for sharing information

woo just amazing @steempower! This post shows me a better way to understand how to use steemit community in a higher lever ever! Thank you so much for this post, it is truly helpful to me.

My best wishes from Venezuela,

take care and keep sharing posts like that! :D

Bitshares Yes ! I'm a big fan 40% of my portfolio.
I can see that China is a big player here.
I guess antshares will also go up.
How long did it take to make such post ?
Amazing data thank you !

Just got me a bunch of BTS

Great job, thanks for the information.

Bitshares rocks! it has a bright future ahead.

let us do whatever it takes

btswolf has a nice pic to this effect :)

Bts has a high supply. I think that is the bad side of it

Lets go for it.

very informative, good post!

Thanks a lot for information.

Thanks for sharing this important information.

This is really an amazing post . Got to know alot from it. Keep sharing such stuff. Go ahead.

Come visit my blog and find amazing things there ... !!! Https: // ....

detailed still analyzing it...

im only familiar with bitcoins... and still discovering other coins.... hope you can help me...
im looking forward to post like this... because im learning from it....

im giving time to read post so i can get used to of the topics....
i know theres a lot more to learn and a lot to experience.... im looking forward to what greatness this cyberworld can offer

Amazing post! Upvoted and Resteemed!
I did a post on the same topic. Check out!
Attention,,,Make Fast Money by Buying Bitcoins!!!

I am new to crypto so this was good info for me. Thanks! Upvoted and Resteemed..

Great post ! Thank you

Upvoted and also resteemed!

Good post! lots of info!

Good lord; what is all this! I should just stick to content stuff! All this cryptocurrency stuff is not for me!
btw heyy, do check out my latest posts,
Personal Life shares:
Beautiful Mountain ranges nearby my house:

Do leave an upvote and follow!
Steem Sign NEW - Copy.PNG

Great information! keep it up....

Thanks for the update! Bitshares is going to the moon!

Thanks for sharing this whole document with us.

@steempower you are doing a great job keeping us abreast with this information. this is another great content. thanks for sharing

how was the Presentation from London Fintech Week? I am very interested to attend the next year! would be great to have some feedbacks!


Ничего не понял.

Great Information! Keep it up! BTS has just passed EOS on marketcap ;) Go BTS!!

I think bitshare is amazing but I wonder why is not yet among the biggest players like Poloniex or bittrex. I mean I hear all the time how risky those exchanges are and if bitshare is decentralized then why hasn't everybody moved to trade on it instead of polo and many other of the higher risk exchanges?

You gave us worth of information.. I am new on steemit.. just I followed you..

I feel very happy to upvote and follow you. Please help me upvote


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