Bitshares - State of the Network - 1st October 2018

in bitshares •  7 months ago


Welcome to the 103rd 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 October 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.

  • jmjatlanta has released slides for Bitshares and Hashed Time Lock Contracts (HTLC) originally presented at Bitfest. The Slides are coupled with an explanation to help get your head around HTLC and what potential use cases could come from the feature. More information HERE

  • BitShares for payments got a big update today: PalmPay is built on the BitShares blockchain and available in the Google Play Store. Using the bitshares bitAssets like bitUSD, bitCNY merchants can benefit from stable coins. More information HERE

  • The DEXBot team have released a graphic of the Relative Orders Strategy which has given a glympse of the amount of options available to tweak. More information HERE

  • Crypto Kong has released a google spreadsheet of the Bitshares Ecosystems with a list of projects in development and links on where to find more information. source

  • As mentioned last week, @Stan Larimer has been posting the "Sovereign Sky" series; which may or may not be writting on the wall for a new chain to come (if you are unsure what i mean be sure to check out Stans talk at Bitfest HERE). To See all the Sovereign Sky chapters check out @Stan's blog HERE

  • PalmPay v1.3 update includes street-value currency api's, redundancy features, network efficiencies and additional input coins. More information HERE

  • This week’s Bitshares hangout was hosted for the first time by Custom Miner (@cm-steem), who in my opinion did an excellent job in the role of MC!. The recording has been published and is available HERE

  • CryptoBridge team have a PSA. "CryptoBridge has only a single official URL which is https://wallet.crypto-bridge.org/ Several phishing websites have appeared that have cloned the open sourced codebase and are trying to steal your passwords"

  • 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

  • Current registered wallets/accounts within the Bitshares network is 1092420; an increase of 7916 wallets/accounts since last week

Smartcoin issuance chart showing weekly change since the start of 2017

Number of accounts holding BTS (off exchanges)

Spark at Bitfest

U°Community Product Lead Anzor Daurov with Stan Larimer

Verbaltech2 - BitShares Witness Report - Monthly Update - source

PalmPay - Built on the BitShares blockchain and available in the Google Play Store

DEXBot - Relative Orders Strategy - source

Stan Larimer at the BlockCrypto conference

Beyond Bitcoin - Bitshares Talk - source

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 Supply2,662,382,451 1,792,073.000.07%
BTS Stealth285,503 10.000.00%
BTS in Open Orders (DEX - T250)16526442 4,218,410.0033.22%
Reserve Pool938190703 -1,792,073.00-0.19%
Collateral (top 250) backing Smartcoins479,260,238 -3,203,833.00-0.69%
Top 100 Total1,510,934,908 3,636,771.850.25%
Top 100 - minus Exchanges757,603,941 -1,362,556.15-0.19%
Exchanges753,330,967 4,999,328.000.65%
Non Exchanges1,909,051,484 -3,207,255.00-0.17%

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 BTSVol %Vol % Change W/W
USDT0.108738460.1087984522,644,381.9151%-16.0%
BTC0.000016780.1116,132,229.4736%-35.7%
ETH0.000493190.107596315,679,979.5413%-35.0%

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 Bridge.BTC, ESCODEX.BTC and CNY

Smartcoins

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

AssetSupplyPriceMarket Cap BTSMarket Cap USDSupply Change W/W
BTS2,662,382,4510.1080287,537,305$287,537,304.71 0.067%
BTS Stealth285,5030.108030,834$30,834.32 0.004%
Reserve Pool938,190,7030.1080101,324,596$101,324,595.92 -0.191%
BitUSD10,827,1308.1688,349,381$9,541,733.13 2.298%
BitCNY159,534,2851.268202,289,473$21,847,263.13 -4.288%
BitEUR82,92910.62880,706$95,116.25 -1.988%
BitBTC4559,5052,677,725$289,194.30 -11.067%
BitGold189.410,9892,081,317$224,782.190.000%
BitSilver21,761133.72,909,446$314,220.140.000%
Ruble6,493,6350.1405912,356$98,534.42 -0.260%
HERO7431,3561,007,508$108,810.86 -0.801%

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
btsabc62288
bitshares-munich55673
bituniverse534740
dex-advert2807128
compumatrix126051
cryptofresh258024
digital-nomad25030
sdr23910
magicw187450
jianjolly-017430
by24seven14407
superone12680
estefantt12241

Vote Proxies

This section will track the change in proxy voting

AccountOpinionsFollowersWeight (M)Weight Change (M)
xeroc73210135.7 -4.4
openledger5811131134.4 -1.6
michaelx6620589.6 -0.4
bitcrab10717788.2 0.4
baozi1057400
still13330030.2 -0.3
abit6672826.6 -0.2
blckchnd53163319.3 -0.1
fav4515818.1 -0.1
gghi406214.2 -1.8

Committee Members

This section will track shareholder approval of committee members

AccountVotes (M)Votes Change (M)
bitcrab691.6 28.2
clockwork605.8 23.4
jademont575.5 26.7
abit568.6 14.3
bhuz526.2 13.4
ebit508.9 25.9
bunkerchainlabs-com480.5 15.4
witness.still453.7 -15.7
xeroc447.8 10.6
johnr420.6 16.8
openledgerdc408.6 11.1

Active Witnesses

This section will track top 30 active witnesses and the changes in support

RankWitnessVotesMissedMissed W/W
1in.abit 1.6.35 788.97981
2 abc123 1.6.65 745.814331
3 fox 1.6.16 731.64696
4 rnglab 1.6.45 729.82843439
5 xman 1.6.64 727.518591
6 xeldal 1.6.22 724.43654376
7witness.still 1.6.69 721.39654
8 xn-delegate 1.6.59 706.337182
9 crazybit 1.6.84 683.77882
10bangzi 1.6.116 682.8431
11 bhuz 1.6.17 671.21943
12 witness.hiblockchain 1.6.105 665.39033
13 btspp-witness 1.6.131 645.9101
14 delegate-zhaomu 1.6.98 6441487
15 zapata42-witness 1.6.129 641.7153
16 sahkan-bitshares 1.6.73 624.815782
17 roelandp 1.6.74 612.11574
18 elmato 1.6.20 609.544935
19 blckchnd 1.6.75 608.810412
20 witness.yao 1.6.71 603.641612
21 magicwallet.witness 1.6.110 601.5150
22 delegate.freedom 1.6.63 597.95000
23 verbaltech2 1.6.34 582.641562
24 gdex-witness 1.6.120 574.487
25 delegate-1.lafona 1.6.28 556.25013
26 clockwork 1.6.117 556.11071
27openledger-dc 1.6.76 449.8822
28winex.witness 1.6.101 4391385
29mr.agsexplorer 1.6.24 3109144
30roadscape 1.6.13 261.11768

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

RankAccountTotal BTSChange W/WChange W/W %
1poloniexwallet181,438,389-1,723,247.00 -0.94%
2bitkkchubei002161,192,405-0.00%
3binance-cold-1114,787,664-0.00%
4spring-team90,363,9231,779,584.00 2.01%
5bitcc-bts-cold66,657,397-0.00%
6huobi-bts-withdrawal59,566,298793,261.00 1.35%
7zbbts00156,027,4885,477,649.00 10.84%
8binance-bitshares-gvbdb84k6h53,355,875-4,287,497.00 -7.44%
9committee-cnytrader34,438,353-0.00%
10abc.btsbots30,025,937-0.00%
11ranchorelaxo201721,769,775-0.00%
12gamma-rabbit21,562,1870.34 0.00%
13gate-bts-off00121,324,213-0.00%
14blocktrades20,670,015528,376.00 2.62%
15test-changekey20,163,273-0.00%
16invictus19,604,735-400,000.00 -2.00%
17alpha-dog18,694,764748,231.50 4.17%
18tel-91118,265,612-0.00%
19brother-john17,112,086-0.00%
20abit17,020,112-0.00%
21committee-usdoperator17,002,907-0.00%
22bittrex-deposit16,205,748-90,326.00 -0.55%
23coinegg-main15,099,142-45,047.00 -0.30%
24stan13,797,290-0.00%
25alpha-go13,359,377316,070.07 2.42%
26mr-wang12,636,570-0.00%
27ak-99912,030,500-1,128,809.01 -8.58%
28anonymous11,212,507-0.00%
29evan10,659,692-0.00%
30gate-io-bts6610,501,611135,249.00 1.30%
31ibilitlan-scoltock8,673,958-0.00%
32roje8,040,409-0.00%
33cievia-waugaman7,990,214-0.00%
34virtual-ventures7,943,474-0.00%
35graphene20157,812,493-202,107.00 -2.52%
36onceuponatime7,758,006618.00 0.01%
37dazhima7,580,564-1,029,446.00 -11.96%
38jiny27,438,984-0.00%
39haeassa-granovsky7,431,931-0.00%
40cass6,737,585-0.00%
41tyrone-shoelaces6,615,913-0.00%
42a2dcdf323a8a576408f62604b17a8a526,577,122-0.00%
43abinia-rivard6,550,563-0.00%
44keebler-kahn6,500,770-0.00%
45tsuratsura-35576,395,199-0.00%
46bts-morning6,226,630-0.00%
47workers.bitshares.foundation6,168,852510,855.00 9.03%
48fericia-brick5,766,623-0.00%
49btszhqxf5,734,712-0.00%
50spring5,560,779-0.00%
51cadord-ozois5,423,173-0.00%
52wjlsf5,225,775-0.00%
53storj5,209,406-70,910.00 -1.34%
54xhunter5,192,094-0.00%
55jeraud-kanze5,172,698-0.00%
56bristolbay5,105,310-1.00 0.00%
57qt68625,046,482-0.00%
58serg4,941,435-0.00%
59binance-bts-14,874,5353,874,535.00 387.45%
60geravia-mackinnon4,777,691-0.00%
61hongcaibao14,751,758-148,253.14 -3.03%
62enki4,742,2461,938,021.00 69.11%
63bitcoinindonesia4,522,7768,053.00 0.18%
64ptschina4,442,72913,851.00 0.31%
65zy3604,400,943300,000.00 7.32%
66xgqing4,351,903-0.00%
67btsxzzh24,348,432-0.00%
68bitlion4,200,242-299,999.70 -6.67%
69bts-subscribe4,112,210-9,133.00 -0.22%
70quonael-lievesley4,087,235-0.00%
71coldstorage14,000,000-0.00%
72oh-bts4,000,000-0.00%
73super-bts3,999,990-0.00%
74facem3,965,701-0.00%
75yun-bts3,962,753-0.00%
76slim3,938,098-0.00%
77wesley-waugaman3,921,027-0.00%
78bitshares20103,834,024-1,931.00 -0.05%
79yitor3,358,187-0.00%
80random1233,304,639-0.00%
81cny1233,274,577-0.00%
82aleks3,257,482-0.00%
83lxy4123283,227,134-0.00%
84bafohald-degeorge3,189,866-0.00%
85scottmclane3,177,116-0.00%
86makkiavelli19773,153,587-0.00%
87bilbo-baggins3,151,030-0.00%
88lao-wallet3,140,242-0.00%
89dark-angel3,137,495-0.00%
90ted13,127,337-0.00%
91austintexas113,045,249-0.00%
92goodc0re3,024,484-0.00%
93null-account3,013,497-0.00%
94bts19983,013,278113,274.38 3.91%
95billion-hero-prize3,000,000-0.00%
96mcxcwbts3,000,000-0.00%
97lllddd1242,997,534-388,649.00 -11.48%
98pub2,956,810-0.00%
99roland.sun2,923,130-0.00%
100jackkang2,860,941-0.00%

Thanks for viewing :)

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All electronic currencies are in a very large decline
Will not rise to me after a very long time
A really wonderful article thank you for the wonderful annotations

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Yeah. Crypto needs to grow up. It is time that people stop the scams, and focus on building real projects that build real value. Some are doing this, -building real value,- however the ecosystems is diluted by a large number of crappy scammy projects.

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Back in the 1970's Japanese tools had a reputation of being very poor quality. There were cheap and junky. However, the Japanese industries adopted a quality mindset, and over the years established a high reputation for quality. Crypto Currency is currently suffering from a mindset of very poor, bad and junky projects. It is a race to the bottom. Every new scam out there cheapens the value of crypto projects overall. Real projects have a hard time getting attention, attracting talents, and making promises that they can deliver on. Each person only has so much time, and having to keep investigating scam projects, distracts from the real value of real projects. People want to get involved and build, but they also want rewards for their contributions and efforts. I think there needs to be a mindset change in Crypto, and projects need to move towards delivering, before general acceptance will take place.

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Isn't this the whole point of Bitshares though? Highly optimized smart contracts on a scalable single-layer blockchain? Crypto is run by the news sites right now. All of them are invested in Ethereum and its tokens. Someday though, they're going to have to report on Bitshares. I think that day will be soon.

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That may be the case. But there are multiple parts of an effective implementation. Developers may be good at developing, but not running a company. Effective implementations take multiple parts, there is both the law and the implementation of the law. I agree news sites are running crypto. That news though is on a fast news cycle overshadowing solid research and steady enforcement. Hmmm. Let me express it this way. Everyone knows that Mexico has a reputation as an unsafe place with drug wars, gangs, and corruption. I am not an expert on Mexican law, but I would generally suggest that "Mexican Laws" are "good enough." It is the "enforcement", "the following," and "the implementation" of the laws that is lacking. (I note that these get to be really complicated issues, you have community corruption, political corruption, untrustworthy courts, untrustworthy police ect. There are ways to address all of these but they are not simple, fast and quick.) Generally, I think crypto has good ideals, but it is the community and people that are allowing the frauds and scams to continue. Until the people Mexico stand up and fight with the police against the gangs, it will be a rough place, until the people of Crypto stand up against the scams, good honest people are simply going to avoid it.