Bitshares - State of the Network - 19th September 2017

in #bitshares4 years ago

Welcome to the 53rd 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 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.

  • Bitshares has broken it old record by achieving 920,000 Operations in 1 day! Which gives it a 24 hour average of 10.64 Operations per second (i.e on the 13th of Sept, every second 10.64 operations (transfers, order creates/cancels/fills, account creation, asset creation, voting ect) occurred on the Bitshares Blockchain)

  • The Bitshares TESTNET has successfully hardforked. The hardfork includes BSIP0018 and some minor consensus upgrades. Testing is being performed before being given the all clear for the changes can be merged into the Bitshares production network.

  • A new version of the Bitshares reference wallet (light client) has been released this week (version 2.0.170915). You can find more information on the release HERE

  • @Stan has done an interview with radio host Kerry Lutz this week. This interview covers everything from bitcoin, the billion hero campaign, ICOs and the Token Exchange Self Regulating Body (TXSRB). You can find the interview HERE

  • @Stan has done an interview with Giselle Koy (@gisellekoy), the interview is part of the "My Digital Sovereignty" series. You can view the full interview HERE

  • Transwiser has announced they will be shutting down their Chinese operation under the Transwiser branding and replacing current services with Magic Wallet. You can see the official announcement HERE and see Magic Wallet HERE

  • @Jeremypeng and the BitUniverse team have released and announcement today open sourcing their new Bitshares Wallet and Trade mobile application. The app is currently available for download from the google playstore HERE. You can view their announcement HERE and you can view the code on their github page HERE

  • BitSilver has been affected by a global settlement event which has prevented the smartcoin from being borrowed into existence. Current supply is still trading as normal but no new BitSilver smartcoins can be created at this time. Never fear BSIP-0018 is being tested on the testnet at the moment that will allow assets in this situation to be revived. You can find out more about this BSIP HERE. If you would like to learn more about global settlements @estefantt has written a good post HERE

  • This week has seen a 180% increase in orders on the DEX (as seen sampled from the top 250 accounts in BTS terms).

  • While collecting the data for this report I noticed that on the 19-09-2017 the Bitshares DEX had a 24 hour trade volume totalling 15.4 million USD.

  • This week has seen Bittrex's wallet (bittrex-deposit) increase by 25 million BTS. As a result they have overtaken PoloniEx for the single largest wallet in BTS terms.

  • STEALTH FBA has started selling on the Bitshares DEX this week ahead of the STEALTH public testnet opening up. STEALTH is the first Fee Backed Asset (FBA) on the network, you can learn more about FBA's HERE

  • OpenLedger has added deposit and withdrawal gateways for WAVES and INCENT tokens to the Bitshares DEX.

  • @richcg has developed a new iteration of the Bitshares website concept. You can view his latest update HERE

  • A LTM (Life Time Membership) only channel has been added to the Bitshares Discord. Entry to the channel can only be gained by verifying your account with @fav which can be done on Discord. There are plenty of other channels for various projects and topics so head over and join the conversation. See HERE for more details.

  • @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

  • Current registered wallets/accounts within the Bitshares network is 416673; an increase of 6881 wallets/accounts since last week

  • The last asset registered this week is asset #1888 and it is named 'BRIDGE.LTC' registered by 'cryptobridge' with no description.

Smartcoin issuance chart showing weekly change since the start of 2017

Bitshares New ATH daily transaction count

Graphic by Telegram user 'BTS-Bourgeoisie'

Tweet from @Bitshares - could not say it better myself

Sneak peak of the completely redesigned website. Coming soon.

BitUniverse's Bitshares Wallet & Trade - Now Open source - Details HERE

Magic wallet

@Stan's interview with Giselle Koy (@gisellekoy) as part of the "My Digital Sovereignty" series

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 could potentially be 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

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 Supply2,599,428,201 174,634.000.01%
BTS Stealth269,289-0.00%
BTS in Open Orders (DEX - T250)10642815.83 6,096,271.00184.63%
Reserve Pool1,001,144,443 -174,633.00-0.02%
RP Accumulated fees134,957 7,031.0011.52%
Collateral (top 250) backing Smartcoins407179005 -27,038,820.00-6.39%
Top 100 Total1,456,273,066 -5,945,577.00-0.39%
Top 100 - minus Exchanges413,206,774 905,735.000.23%
Exchanges1,043,066,292 -6,851,312.00-0.61%
Non Exchanges1,556,361,909 7,025,946.000.47%

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
BTS2,599,428,2010.079685272,599,428,201$207,136,138.04 0.007%
BTS Stealth269,2890.07968527269,289$21,458.370.000%
Reserve Pool1,001,144,4430.079685271,001,144,443$79,776,465.25 -0.017%
Accumulated fees134,9570.07968527134,957$10,754.08 5.496%
BitUSD3,097,20512.0437,290,348$3,097,205.00 -20.170%
BitCNY55,139,6871.86102,559,818$8,172,506.77 2.782%
BitEUR79,24614.431,143,520$91,121.68 -19.261%
BitBTC5046,9912,358,948$187,973.42 -10.357%
BitSilver8,820190.41318291,679,444$133,826.97 -2.906%
Ruble1,510,9710.2046309,145$24,634.28 -27.937%
HERO1,1751,9232,259,525$180,050.86 -33.428%

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)
bitcrab6546249.5 -11.3
xeroc37193214.3 -3.3
baozi296465.6 4.5
fav229641.4 0.6
abit4345514.4 2
laomao35410.4 -13.7
hellobts30197.9 0.1
blckchnd234247.7 0.1

Committee Members

This section will track shareholder approval of committee members

AccountVotes (M)Votes Change (M)
bitcrab676.1 -35.1
abit649.4 -32.2
xeroc637.5 -10
bhuz618.8 -33.2
bunkerchainlabs-com608.6 -13.6
witness.still600.8 -4.6
clayop548.7 -33.4
openledgerdc444.7 -4.3
chris4210401.8 -6.3
ebit395.3 -1.6
harvey-xts282.4 -25.4

Active Witnesses

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

RankWitnessVotesMissedMissed W/W
1in.abit 1.6.35 733.3703
2fox 1.6.16 729.933601
3verbaltech2 1.6.34 725.91681
4 roelandp 1.6.74 697.914
5 openledger-dc 1.6.76 688.9512
6 blckchnd 1.6.75 679.1618
7 witness.yao 1.6.71 661.93541
8 elmato 1.6.20 659.84173
9 delegate.baozi 1.6.37 659.71465
10 bhuz 1.6.17 656.91563
11 xman 1.6.64 652.91625
12 witness.still 1.6.69 638.189341
13 sahkan-bitshares 1.6.73 621.58031
14 xn-delegate 1.6.59 619.927631
15 rnglab 1.6.45 598.21893
16 delegate-1.lafona 1.6.28 597.31571
17 xeldal 1.6.22 567.81878
18 delegate.btsnow 1.6.40 519.95486983
19 crazybit 1.6.84 497.6801
20 delegate.ihashfury 1.6.26 426.9869
21 mr.agsexplorer 1.6.24 4165720
22 delegate.freedom 1.6.63 410.54859
23 wackou 1.6.18 375.618033
24 cyrano 1.6.21 361.23198362
25 abc123 1.6.65 352.512703

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-deposit260,954,245025,883,422.00 11.01%
3poloniexwallet115,418,0780-9,492,347.00 -7.60%
5jubi-bts77,509,1250-5,132,244.00 -6.21%
6bitcc-bts-cold76,192,9280-8,000,001.00 -9.50%
7chbts73,881,7250-3,214,056.00 -4.17%
9bterdeposit20,868,1050-2,493,974.00 -10.68%
16yun-bts10,286,6300-13,527,305.00 -56.80%
17tom-bitshare9,564,24303,692,559.00 62.89%
24bitcc-bts7,793,41705,793,417.00 289.67%
31bitcoinindonesia5,772,4870190,467.00 3.41%
43enki5,026,4794,404-96,201.00 -1.88%
47oh-bts4,417,0850613,399.00 16.13%
49synergy34,256,64485-85.00 0.00%
55abit3,909,7910241,837.00 6.59%
56bitcc-bts-withdrawal3,795,68601,795,686.00 89.78%
57bts19983,582,340064,533.00 1.83%
59goodc0re3,341,671050,720.00 1.54%
61chsend3,315,0470-2,463,910.00 -42.64%
62alexna643,288,683260,088-1,162,733.00 -26.12%
67wys3,139,515041,250.00 1.33%
76escrow-qqxmk2,715,5060715,506.00 35.78%
77mybak2,702,9240544.00 0.02%
82dark-angel2,505,7770268,382.00 12.00%
86koocaa2,414,5440387,336.00 19.11%
87roland.sun2,411,11802,382,527.00 8333.14%
90anonymous2,290,22493,000970,093.00 73.48%
91freedom352,235,5700-161,277.00 -6.73%
97storj2,153,9800329,995.00 18.09%
99wackou2,117,2570-2.00 0.00%

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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I honestly think there is more development, news, and adoption going on with Bitshares than any other chain. There are more daily tx/ops on Bitshares than BTC or ETH most days, it is ridiculously fast and seems to handle anything the market throws at it. DEX volumes are climbing steadily, and China is pushing traffic to the DEX. It really feels like a spring that get wound tighter and tighter every day, just waiting to explode...

Best reply ever
Worth it

My favourite Bitshares update :)

Cheers Tony :)

I am always encouraged by seeing these reports. There is so much going on in the background and I'm very pleased that I have continued to increase my stake in Bitshares!

Hey mate I bought my first batch of BTS today as I think they are significantly undervalued thanks for putting up this post it kind of confirms my decision to an extent. I read another article earlier in the week with someone showing how they were using their existing BTS as collateral to purchase more so I started taking notice then. I think I may purchase a few more tomorrow as well :) Thanks for the detailed post!

Great work, always look forward to these. Biggest thing that stood out in this report is how BitShares ownership is changing!! all current committee members losing a grip :O

Why can't I trade Steem on bitshares? When I go to the deposit tab and choose OpenLedger there is not option to deposit Steem to my account.

You have to go to Deposit, select Openledger (Open.X) and choose Gateway. Then you select Steem as currency you want to deposit.
Additional you can do it manually here: Just send the Steem to your bitshares account name

Thanks for the reply, but I don't have that option in Bitshares. Really wish I did!
I know I could use blocktrades, but I really just want to do a straight deposit. Since they're both such similar blockchains I figured it'd be pretty much a given. Guess not.

For some reason it doesn't appear in the list, but you should find it listed on the Account tab and adjacent to that a Deposit button. Click this and it'll give you the details to send Steem to your Bitshares account:

Note: This screen shot is taken from the reference Bitshares2-light desktop client wallet

I'm pretty sure I'm using that same wallet but this is what mine looks like. Not sure what's going on.... this is what shows up under my accounts tab though. Thanks for the suggestion though.

I've had similar issues with certain coins try openledgers web wallet, fixed similar problem for me :)

Does bitshares (bts) have a maximum supply that can ever be created?

Yes, BitShares total supply is around 2,599,290,000 + the reserve pool. So 3,600 billion BTS.
You can see the current amount of the reserve pool here:
The BTS there are used to pay the witnesses and the workers.

and that is the max that will ever be created, they will not create more in the future...? it is a finite currency?

Shared on Twitter this week again for you guys.


BarryDutton Barry Dutton tweeted @ 21 Sep 2017 - 22:46 UTC

#BitShares State of the Network Update: $BTS #CryptoCurrency #Crypto #Blockchain #Decentralized… /

Disclaimer: I am just a bot trying to be helpful.

That's a good news for bitshares traders. I see even the steemit has increased so much compared to last year price.

It will rise soon I think...... it's a great project ;)

All the Graphene chains are doing pretty well; as they should it is great tech and the numbers speak for themselves :)

What is your comment on a price of BTS? Forme is a bit strange.

Under Valued for sure....

Great Post. When Moon? :P

Fine you convinced to buy some...

That's a good news for bitshares traders

Yep Great Update ;)


I love to read each and every post of yours
I have to admit that this is is the Best post av seen today . who else agrees??

Good ...! but why ask to follow its auto..can you too..?

I love to read each and every post of yours
I have to admit that this is is the Best post av seen today . who else agrees??

Thanks for the in-depth update. I'm excited to see how Steem continues to grow in value! I think if it becomes the standard currency of "influence" it will see incredible market cap.

IM HOT on bitshares love them the platform is A+ open ledger blocktrades the exchange and no control from poloniex witch now thinks there the world s crypto GOD the control KING poloniex decides if you get your withdrawls and on there TIME not yours

It is good to hear all this information on bitshares as all what is bugging the internet and the cryptoworld is all about the predictions of coins... thanks for sharing.

Congratulations @steempower, this post is the second 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 24 and the total pending payments to posts in these categories was $1991.24. To see the full list of highest paid posts across all accounts categories, click here.

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Great post, that's a lot of info my friend! I have a question since you seem to know what your doing? I invest with bitconnect, is bitshares a better way to invest? Keep up the good work and best wishes from kenentertainment!

bitshares is far superior tech!, they can't really compare bcc is just a payment system that offers 100% apr through staking this is obviously unsustainable and a most certain bubble waiting to pop, I've put great thought into exactly when as it could last awhile with cryptos current mass adoption period?. Good luck :)

Thanks 4 the info my friend

Great news buddy
Now my interest and trust are increasing in bitshare
I was expecting this kind of update from bitshare and this platform do really very well and these kind of share are always encourage me to do more
Keep sharing with us
Love your work

there will be a great movement in the future.

DEX volumes have a strong increase,


thanks for the information please keep it up

Any reason why BTS is kept at low price by Whales... Despite this excellent stuff :(

thank you very much @steempower i am glad to get acquainted with you. Your post is very interesting.

Wow,, nice post.. thank you @steempower

@steempower if there is one thing I like, it is analytics!!

Brilliant post - look forward to more of the same.


This is a great bitshare update really excited for the future of bitshare. I see this one going a long way great team great community great product. Also I really enjoyed reading your post very detailed keep it up.

I am holding lot of BTS, waiting for it pump!

Awesome update. Time to go get some more bags of bts

amigo #resteemia at your service

bittrex overtaken poloniex, good news & that's why refer bittrex :) useful update & impressive work @steempower

'UpVoted ReSteemed Commented'

Actually, if you sum up poloniexcoldstorage and poloniexwallet balance, it's much bigger than bittrex-deposit. Secondly, Bittrex have around $20 million in their wallet and they seem not to use a cold storage for that which is quite dangerous.

Excellent post, very well articulated. Your articles are always helpful - thank you so much. I'll have to retain this in my brains memory banks.:)

Congratulations @steempower
MinnowsPower listed your post "Bitshares - State of the Network - 19th September 2017" as one of the top 10 upvoted and commented posts of the day...!!!
Exceptional report of the week of BitShares. Excellent figures and nicely made it.
100% Upvoted by @MinnowsPower

MinnowsPower is not a bot, I am a Crowdfunding Hybrid
One small UpVote of Yours build MinnowsPower and MinnowsPower will Not Forget Your Support...!!!

Thanks Bitshares for the update.

the best think. i agree. than prefer to do it

nice work sir i really like your videos

How well is bitshare doing @ the moment and how far do u think it will go. Planning to invest in it ...

Hope to see you next time in SZ :D <3 Upvoted

That's a good news

@steempower - Best day of the week, the favorite update just arrived :)

+W+ [UpVoted & ReSteemed]

I signed up for that site that gives you free coins. Where do they send them? It just sent me an email saying I received them but they're nowhere in any of my accounts.

good info. I'm new to crypto currency so post like this show me what is worth looking into. definitely going to look into bit shares.

business does not lie to results

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i honestly think there is more development, this is a very nice and beauty article.

Uno de los post más completo que he leído. Gracias por este tipo de publicaciones. Saludos.

Very nice and informative .............. Resteem to read more Steemians...

realy good post sir ,i'm realy

We should expect long waited soar of BitShares. Time has come as I have opinion reading the state of BTS.


In your opinion, there's the possibility that BTS someday reaches again the value level of June (more than 0.00016000/each - 0,46 USD)?

Holly crap, 10.64 Operations per second. If this is not a crypto revolution, idk what is.

Wow!!! Phew! Now am fine. This is the best update about Bitshares i've seen so far. Here i was thinking i was bag hodling... lol... Amma HODL HODL HODL..... Yipeeee

Nice update... Amma HODL my Bitshares...


congrats: bitshares have put a lot of hard work in design platform and performance in the crypto world. The future of bitshares is the moon and been at the Top five in the crypto capital market. Note me very soon

You are the best . This one is for Me


what a nice explanation for this wonderful opportunity.

I just sold some BTS.. big mistake?

help me to earn dollars

Shared on Twitter this week again for you guys.


BarryDutton Barry Dutton tweeted @ 21 Sep 2017 - 22:46 UTC

#BitShares State of the Network Update: $BTS #CryptoCurrency #Crypto #Blockchain #Decentralized… /

Disclaimer: I am just a bot trying to be helpful.

thank you it is good to know about Bitshares activities

very important article thanks for sharing it
plz follower me and visit my blog posting @hafidg

Being a noob gave me quite some homework for today and I apreciate it very much. Definitely staying tunded, much to learn!

i buy 1000 Bitshares but Price Still goes down :( i d'nt Know why its always happen with me . Almost 150$ Loss in 1 Day

Follow=Follow + 5 upvotes
Please follow me and say hello in the comment, in response I will follow you back and give you 5 upvotes. win win.

Deal is a Deal.

It is so nice of you to give us a little inside of what it is happening with BItshare! THANK YOU!!!

It's so frustrating to see so many up-votes on a single post. I post my best-est content here on steam, yet there are only a few people who see my post and out of 5, only 1 person up-votes which too is from a rank 25 user, which really doesn't make a difference. Life isn't fair lol
Anyone who is reading this post, follow me and checkout my content

It's so frustrating to see so many up-votes on a single post. I post my best-est content here on steam, yet there are only a few people who see my post and out of 5, only 1 person up-votes which too is from a rank 25 user, which really doesn't make a difference. Life isn't fair lol
Anyone who is reading this post, follow me and checkout my content

I am going to get some BitShares. Follow you

"Bitshares has broken it old record by achieving 920,000 Operations in 1 day!"
Wow that would be an amazing update that I didn't hear! Let's celebrate it with a beer! Thanks, I was awaiting a week of time to read this report!

Cheers for BTS~

The price of bitshares is going to continue to take a hit until people stop being stupid and selling to the whale manipulators or the rest of the traders buy up all the bitshares of the whales that are manipulating the market by selling to themselves at rock bottom prices.

Looks like an incredible increase all over the broad for Bitshare! The numbers are really strong! I love reading this stuff its very educational!

updates are very necessary ,... and thanks for sharing

I see Bitshares all the time since I got active on Steemit.
I was ignoring earlier;
can't wait to investigate and take the plunge after this post.
Reading other comments now. :)

Not too bad. The nice thing is the day with the most volume was not at all slowing anything down.

But the price, boys and girls.... jeesus cheap as chips.

very nice

I am impressed. So much to say just on Bitshares and every week 😮. Thanks for the news.