Bitshares - State of the Network - 1st August 2017

in #bitshares3 years ago

Welcome to the 46th 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 - 1st August 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.

  • Long running exchange BTC-e has been shutdown by the US authorities and servers including wallet files holding customer funds have been seized. BTC-e has tweeted out that they intend to make customers whole in the coming weeks but the situation is still unfolding and their ability to refund their customers is still in question. @michaelx has posted an article to huffingtonpost going into more details which you can view HERE

  • @stan Larimer has done a podcast with Richard Jacob from Future Tech Podcast. The podcast cover Bitshares, Steemit, EOS, Cryptonomex, The Billion Hero Campaign, Bitcoin United and more.. you can listen to the interview HERE

  • @stan has released a series of article relating to BTCX (Bitcoin United). Bitcoin United has been proposed to use the Bitcoin snapshot which was preformed on the 1st of August 2017 to release a Bitcoin fork or 'pitch fork' to the Bitshares network. Offering holders of BTC on the 1st of August a 1:1 distribution of BTCX on the Bitshares 'industrial grade blockchain' which comes with 3 second confirmation times and massive scale-ability. The latest release in the series is Doc Brown's Big Heroic Audacious Goals for Bitcoin which give a good understanding of the history and the goals. You can also see the previous articles HERE

  • Bitshares core developer Alfredo (@oxarbitrage) has released a road map relating to his active employment from the Bitshares blockchain (via shareholder approved worker proposal). He has proposed to spend the next 4 weeks working 50/50 on a new block explorer and core development task that he has on his 'todo' list. You can find more details about the task list and the road map in general HERE

  • The website has been revamped and is looking great! and is jammed packed with great information and guides. Check it out now at

  • Ronny Boesing (CEO of OpenLedger) has proudly announced that the OBITS voting period has completed. 251 OBITS holders out of 1800 voted for OBITS distribution to be carried out exclusively in bitUSD and on the basis of 50% sharedrop and 50% buyback and burn. You can see his announcement HERE

  • @michaelx this week in telegram has mentioned the creation of a new Bitshares Wallet and UI (possibly multiple wallets). There is no official announcement as yet but work has already started.

  • BitGold has been affected by a global settlement event which has prevented the smartcoin from being borrowed into existance. Current supply is still trading at normal but no new BitGold smartcoins can be created at this time. Never fear @cyrano is working on a BSIP-0018 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

  • @kencode has released his weekly report on BlockPay, Stealth, Ledger Nano S, graphenej and Smartcoins Wallet. This week has seen lots of work on all the projects and a reimplementation of their backend using docker containers. Ken is still looking for experianced C/C++ Developers so if you have the skills make sure to reach out HERE. You can get all the details in his full report HERE

  • @full-steem-ahead has released his monthly Witness Report for his Bitshares witness 'Verbaltech2'. You can find his report HERE

  • A new UIA registered this week 'SMOKE' with the description 'SMOKE is the cryptocurrency of the Smoke.Network. The first cannabis community to combine blockchain technology with social networking to build a platform that rewards users for posting and curating strain reviews as well as rewards commitment to the network. The Smoke.Network contract initialized on EOS will take a snapshot of all BTS accounts holding SMOKE'. does not currently present a webpage but looking at the domain registration it is registered by 'Jonathan Hunter' who seems to be related to i could not find a public announcement so this may not be official but worth keeping an eye on.

  • @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 378260; an increase of 2417 wallets/accounts since last week

  • The last asset registered this week is asset #1570 and it is named 'BRIDGE.BTC' registered by 'cryptobridge' with no description.

Smartcoin issueance chart showing weekly change since the start of 2017

Bitshares subreddit traffic stats - Thanks to @fav - original post HERE

Final results from the OBITS voting preformed last month

Telegram user 'BTS-Bourgeoisie' has been creating great graphics over the last week or two, here are a few of my favorites

@heiditravels 'Using OpenLedger for the First Time: Basic Transactions' - Full article HERE

David Hay 'Bitshares explained - What are bitshares and what is BITUSD'

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.

AssetSupplyPriceMarket Cap BTSMarket Cap USDSupply Change W/W
BTS2,597,416,9290.124289162,597,416,929$322,830,768.28 0.0096%
BTS Stealth270,3240.12428916270,324$33,598.34 0.0004%
Reserve Pool1,003,153,5900.124289161,003,153,590$124,681,117.05 -0.0250%
Accumulated fees61,1100.1242891661,110$7,595.31 13.0620%
BitUSD3,472,528827,780,224$3,472,528.00 -1.7450%
BitCNY66,692,6501.19779,831,102$9,922,140.62 -0.6022%
BitEUR91,0869.46861,674$107,096.68 -0.0022%
BitBTC7621,5451,637,420$203,513.56 2.2880%
BitGold9010180.56916,250$113,879.99 -1.3158%
BitSilver8,4001341,125,600$139,899.88 -2.0522%
Ruble1,558,4300.1328206,960$25,722.82 0.0279%
HERO1,8861,2542,365,044$293,949.33 -9.2833%

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

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.

DistributionBalanceChange W/WChange W/W %
BTS Supply2,597,416,929 249,109.000.01%
BTS Stealth270,324 1.000.00%
BTS in Open Orders (DEX - T250)3082523.9 -1,379,981.10-30.92%
Reserve Pool1003153590 -250,649.00-0.02%
RP Accumulated fees61,110 7,060.0013.06%
Collateral (top 250) backing Smartcoins369702041 -7,792,311.00-2.06%
Top 100 Total1,577,638,410 4,815,137.000.31%
Top 100 - minus Exchanges455,072,873 11,356,914.002.56%
Exchanges1,122,565,537 -6,541,777.00-0.58%
Non Exchanges1,474,851,392 6,790,886.000.46%

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)
bitcrab6434230.3 1.6
xeroc33179219.3 0.8
laomao354140.9 -10.7
baozi296552.7 1.5
fav2010042.4 -0.3
dahu2338.4 -0.3
hellobts30197.7 0.8
bunkerchainlabs-com35147 -1.9

Committee Members

This section will track shareholder approval of committee members

AccountVotes (M)Votes Change (M)
bitcrab777.9 -21
abit763.3 -14.5
bhuz731.1 -14.4
clayop662 -17.9
xeroc616.6 -8
bunkerchainlabs-com583.2 -7.6
witness.still569.7 -8.4
openledgerdc403.8 -13.5
harvey-xts401.8 -11
chris4210380.6 -9.8
ebit372.1 -9.4

Active Witnesses

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

RankWitnessVotesMissedMissed W/W
1in.abit 1.6.35 817.2703
2bhuz 1.6.17 797.31560
3fox 1.6.16 797.23347
4wackou 1.6.18 793.817903
5verbaltech2 1.6.34 791.91666
6rnglab 1.6.45 746.51817
7witness.yao 1.6.71 740.43538
8xman 1.6.64 737.416012
9delegate.baozi 1.6.37 736.11443
10elmato 1.6.20 728.24073
11witness.still 1.6.69 722.889241
12xn-delegate 1.6.59 71027491
13xeldal 1.6.22 661.41871
14roelandp 1.6.74 635.19
15 openledger-dc 1.6.76 620.8504
16 blckchnd 1.6.75 619.75905
17 sahkan-bitshares 1.6.73 562.77881
18 delegate-1.lafona 1.6.28 557.61565
19 abc123 1.6.65 548.61255
20delegate.freedom 1.6.63 496.24851276
21harvey-xts 1.6.23 494.158081
22mr.agsexplorer 1.6.24 488.84848
23delegate.btsnow 1.6.40 477.540404
24spartako 1.6.15 454.82081
25delegate-clayop 1.6.27 436.24842

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 %
2chbts214,107,968019,276,102.00 9.89%
4bitcc-bts-cold124,056,1580-6,000,000.00 -4.61%
6bittrex-deposit80,143,47805,010,301.00 6.67%
7jubi-bts79,107,60008,769,117.00 12.47%
9bterdeposit26,599,62702,593,765.00 10.80%
10aloha20,676,7230446,883.00 2.21%
12stan15,014,9480-1,006,625.00 -6.28%
14tsuratsura-355712,181,0130-2.00 0.00%
23bitcc-bts8,532,48107,532,481.00 753.25%
30bts-scotter6,702,872112146,831.00 2.24%
34abc.btsbots6,000,079250001,499,999.00 33.33%
35chsend5,983,4690-9,676.00 -0.16%
38poloniexwallet5,499,4010-24,763,039.00 -81.83%
43abit5,222,55208,499.00 0.16%
49bitcoinindonesia4,754,9690256,152.00 5.69%
51bts-198004,488,1170458,249.00 11.37%
59blocktrades3,687,2306674-422,957.00 -10.29%
60bts-morning3,668,3040527,839.00 16.81%
65goodc0re3,290,951066,744.00 2.07%
84super-bts2,499,9950499,995.00 25.00%
86anonymous2,308,182188000598,874.00 35.04%
93wys2,165,8720738,201.00 51.71%
96wackou2,117,5730-52.00 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! :)

Image Credit: @cass

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The increase in CHBTC wallet during this drop is interesting, China accumulating...

Definitely - for the last month the CNY volume is making up > 80% of all trade volume.

The other interesting thing in the top 100 users is Polo's hot wallet getting low again.

What about bitcoin cash?


Thanks CM, Great work!

Can somebody tell me how to earn money from bitshares ? A lot of speach without main ideas, or maybe there is a website where i can refer people and earn some bitshares without buying it ?

Thank you for the information.
Does the SEC rules have any effect for openledger?

Maybe their reach could extend to some extent to OpenLedger (a business registered in Denmark) but they cannot impact the Bitshares network or the DEX (Decentralized Exchange).

Thanx for reply. Good to know.

beyondbits are powerful tokens worth upvotes in stem but you need to use bitshares wallet and follow the intruction on!so moke sure you havea bitshares wallet to receive and send them for upvotes on you steem posts!

Whaleshares is a great project which has a very active community!

yes it is im still learning alot so its really cool to get into to this ... im trying to figure if should hold bitshares or sell honestly i expect it to break 1$ eventually

Thanks for the report. Check out my Bitshares UIA - @SteemFactory. Here is my weekly report -

Hello my dear @steempower ! First of all thank you to upvote my post on @africa :) Great content as always ! If you want to help me consider to resteem one of my post sometime to help me to increase my posts visibility and the beyondbitcoin audience ! Thank you, cheers :).

Thanks @steempower for sharing the updates of a great decentralize exchange platform.

Cool, I think we need

Very in depth assessment! Just bought some BTS

Do much excellent information!
BTS might still have a future. I was losing hope to be honest. Thanks for this info.

BTS to the moon!


I get the feeling things are slowing down from reading this. I'm glad new wallet(s) is/are on the agenda. I hope one of them is so simple, adoption is not an issue. And if it would carry the same coins, even better.

That is a lot to wrap a head around. I currently don't hold BitShares, but I appreciate the article. Always open-minded to other technologies on the blockchain!

I want to see my name in this list in the future.

Very possible if you create high quality bitshares content each week :)

can you guys palese follow me..
im new here
i hope you guys support me

Great job, was amazing.
Thanks @steempower to share it.

Wow talk about a long post lol! Crazy. Well done :)

BitShares are COOKIN today!

nice topic and a lot of work good work

this is a wonderful post great job @steempower. now speaking on BTC, how do you see the increase in CHBTC wallet in two years from now?

Nice Post !!! Thankyou !!

really informative n great post

Love your reports. Thanks for the information. Probably gonna look into BTS.

Great information. Thank you.

I think China has plans and waiting for right moment.

The increase in CHBTC wallet during this drop is interesting, China accumulating yeahhh

Thank the Bitshares team for having such detailed reports like this regularly!

Great work! thnks for info

BitShare summary - we read from you and that's enough to understand what's going with it! Yeah now fully focus on BitShares than other cryptos!
Thank you very much for this post! Really appreciate your effort and looking for weekly update as always!


I am a crypto trader and Bitshares is on my list.
This is a robust post!
Follow me for tips and guide in cryptotrading and daily crypto news.

P.S. ( I Follow back)

Hiiii Steempower nice to read about you.i am surendra from india,am also a new on steemit and welcome you to steemit.i have followed, can you also follow me.Best of luck and also upvote me

A lot of info to digest here on bitshares. Thanks for all your doing!

wow very nice
i just vote and follow you
i hope you also vote and follow me
happy steemit @hamzasteem

Nice work @steempower....thanks for sharing this report..

thanks . great job

Thanks for the information.

buena informacion, me gusta y apoyo tus post, gracias

Can to help my post that no support, I want to get excited to play this steemit blogging. Maybe this is my way to get excited. Greetings Aceh Tsunami

up vote me & follow me

The guy in that video ends the video saying that bitshares isn't in his top 10...i think he said he hasn't invested in it too. I was getting amped with what he was saying until that part.

Wow. First time i've seen this report. Thanks for the extensive overview! I do hold some Peerplays i'm booting my wallet as I type. Have a good one.

Nice reports you got here. Upvoted, Commented and Followed.

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I opened a bitshares account yesterday and successfully registered.
To test the waters, i sent 10 sbd.

Anybody who can help?
And i'm still waiting for almost a day now.
Patience is indeed a virtue. :)

bitshares? I love bitshare I love bacon I love bitshares I love bacon.

Without your presence, my work feels lonely
Hehe, sorry joke @steempower

Good post

I had 500 Bitshare coins but I recently sold them for a decent profit. Should I reinvest?

My husband invested $1000 in HERO!!! I nearly killed him)))

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