Bitshares - State of the Network - 20th February 2018

in bitshares •  9 months ago


Welcome to the 74th 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 - 20th February 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.

  • Long time Bitshares community member, advocate and witness Ryan R. Fox (aka ‘fox’ / @fox) has released a BitShares Core Team Budget Worker Proposal for 2018. The worker includes a full team of Core Developers, Business Analysts’, QA testers, Documentation specialists and a UI/UX Liaison to work in a focused and coordinated effort to improve the Bitshares blockchain in a number of key areas. Ryan himself will also coordinate the efforts of the team amongst his other roles as a Business Analyst and QA tester. The greater team consists of proven members of the community who have shown their skills and dedication to the Bitshares network over many years. This worker proposal is very well written with a large amount of detail on the scope, deliverables, team members, budgets, development cycles, roles, collaboration tools and initiatives; the worker proposal itself speaks volumes for the quality of the leadership and transparency this team is aiming for!. Exciting key initiatives have already been outlined including Atomic Cross Chain Transactions, Trustless Gateways, Confidential Transaction / Assets, Hardware wallet support and more. I strongly encourage every Bitshares holder to consider this worker proposal and vote accordingly when it is released (I will let you know). Personally; looking at the quality of the team and their previous contribution, their ambitious road map and objectives I fully support this proposal and am excited to see it drive innovation in Bitshares for 2018. Please see more information HERE

  • The Quintric Family of Coins to Begin Pre-Launch Promotion. Quints “The World’s First Family of Precious Metal Legal Tender Cryptocurrencies”. The Quintric family of coins is set to be 100% backed by gold and silver and held in reserve. The Quintric system will offer coins which are redeemable for tangible precious metals that are to be stored on site combining fully auditable blockchain technology and state of the art vaulting, meaning token holders will be able to confirm they’re really holding gold and silver. The Quintric system is built on the BitShares platform, allowing some of the fastest transactions in the cryptocurrency economy. This project has only just been released so there is plenty of research to be done; but I am excited by this project and cannot wait to dig into the details. More information HERE or on the Quintric Website

  • @Stan Larimer was the final speaker at the Dallas Bitcoin Superconference. Surely leaving a lasting impression on the minds of conference attendees when he spoke about Graphene technology dominating the space in terms of active transactions on the network. You can all the details HERE

  • This week the Bitshares Blockchain Foundation has returned 100,000 BTS from their excess funds as part of their escrow operation; So far, a total of 400,000 BTS have been returns to the Bitshares reserve pool.

  • @mrstaf has announced a new public Bitshares node running out of Sweden (wss://Bitshares.nu/ws). More information HERE

  • The Bitspark teams has released another update to the Zephyr project. Update #6 covers some technical and business updates including new server hardware, announcement of an upcoming Bitshares public node, upcoming conference and more. Read the full report HERE

  • The Bitsharestalk forum is back online. Bitsharestalk went offline early last week and was offline for roughly 5 days while the Team at Bitsapphire restored services and got everything running again.

  • 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 746039; an increase of 6715 wallets/accounts since last week

Smartcoin issuance chart showing weekly change since the start of 2017

Number of accounts holding BTS (off exchanges)

BitShares Core Team Budget Worker Proposal - Development Initiatives 2018 - source

Quintric – Physical Gold and Silver tokenised on the Bitshares network


Stan and his slidedeck from the Dallas Bitcoin Superconference – source



New Bitshares public node in Sweden – source

Bits.Farm - Claim your Free AirDrop Tokens HERE

BITFARM, The first Bitshares based simulation game is about to launch. Bits.Farm is a farming simulation game that runs entirely on the Bitshares network. There is no ICO, no crowdsale only a free airdrop. Claim your FREE BitFarm tokens HERE all you need is a Bitshares account and access to telegram!. Official announcement HERE

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 Supply2,609,028,201 373,529.000.01%
BTS Stealth287,639 147.000.05%
BTS in Open Orders (DEX - T250)14256427 1,743,443.0013.93%
Reserve Pool991544953 -373,529.00-0.04%
RP Accumulated fees37401-0.00%
Collateral (top 250) backing Smartcoins429361965 630,682.000.15%
Top 100 Total1,455,613,190 6,692,855.370.46%
Top 100 - minus Exchanges714,254,295 8,662,216.371.23%
Exchanges741,358,895 -1,969,361.00-0.26%
Non Exchanges1,867,669,306 2,342,890.000.13%

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
BTC0.000023830.2668945615,004,480.284,004,614.2044.06-23.8%
USDT0.267019580.2712,981,946.873,466,892.2138.1%-42.8%
BITCNY1.720.277056434,048,872.071,121,766.0411.9%125.3%
ETH0.000282830.265473871,786,389474,239.665.2%0.3%

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

Smartcoins

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

AssetSupplyPriceMarket Cap BTSMarket Cap USDSupply Change W/W
BTS2,609,028,2010.2682,609,028,201$699,492,879.66 0.014%
BTS Stealth287,6390.268287,639$77,117.39 0.051%
Reserve Pool991,544,9530.268991,544,953$265,837,921.65 -0.038%
Accumulated fees37,4010.26837,401$10,027.390.000%
BitUSD14,746,9953.7355,006,291$14,747,448.54 0.477%
BitCNY234,377,0510.588137,813,706$36,948,510.57 9.426%
BitEUR133,1834.63616,637$165,323.39 0.453%
BitBTC42.141,7791,758,896$471,568.36 0.238%
BitGold1945,014972,716$260,789.790.000%
BitSilver21,94762.21,365,103$365,990.720.000%
Ruble8,413,0120.066555,259$148,867.53 -15.783%
HERO1,283601771,083$206,731.02 -1.308%

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
btsabc56580
bitshares-munich54580
bituniverse4293109
compumatrix125710
digital-nomad246216
sdr23540
cryptofresh175031
jianjolly-017430
magicw15984
bcp201711870
stormheart11460
estefantt107810
by24seven100713

Vote Proxies

This section will track the change in proxy voting

AccountOpinionsFollowersWeight (M)Weight Change (M)
bitcrab6990178.4 9
xeroc41207156.7 0.1
openledger368904152.1 5.1
michaelx5210578.6 1.3
still8535465.5 0.3
blckchnd32154947.8 -0.8
abit5075325.5 -0.6
fav3215926.2 0.2
baozi306115 -7.4
payger20912.10

Committee Members

This section will track shareholder approval of committee members

AccountVotes (M)Votes Change (M)
bitcrab837.2 -106.4
abit818.3 -113.9
bhuz704.7 -115.9
xeroc678.6 -122
witness.still586.8 -109
bunkerchainlabs-com562.4 -140.4
openledgerdc528.4 -188.5
clayop502 -124.9
fav435.6 22.8
ebit417.8 -143.5
chris4210403.4 -149.2

Active Witnesses

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

RankWitnessVotesMissedMissed W/W
1in.abit 1.6.35 883.47202
2bhuz 1.6.17 789.315917
3roelandp 1.6.74 783392
4witness.yao 1.6.71 776.535672
5witness.still 1.6.69 770.7923715
6xn-delegate 1.6.59 756.428571
7 delegate-zhaomu 1.6.98 724.3592571
8 delegate-1.lafona 1.6.28 703.744114
9 xeldal 1.6.22 692.522836
10abc123 1.6.65 676.313028
11xman 1.6.64 648.516802
12verbaltech2 1.6.34 607.639134
13rnglab 1.6.45 595.821104
14 delegate.freedom 1.6.63 581.948864
15fox 1.6.16 581.34097431
16 sahkan-bitshares 1.6.73 576.3123334
17crazybit 1.6.84 567.949010
18elmato 1.6.20 55043352
19openledger-dc 1.6.76 544.96513
20blckchnd 1.6.75 443.29601
21 witness.hiblockchain 1.6.105 439.30
22 wackou 1.6.18 42518829
23 winex.witness 1.6.101 421.61
24 delegate.taolje 1.6.38 395.64771
25 billbutler-witness 1.6.92 387.5478

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 %
1poloniexcoldstorage230,001,204-0.00%
2binance-cold-1114,787,664-0.00%
3binance-bitshares-gvbdb84k6h81,011,8372,452,535.00 3.12%
4zbbts78,613,453553,502.00 0.71%
5delta-lion72,833,1640.37 0.00%
6gamma-rabbit63,822,581-0.00%
7poloniexwallet60,335,354-402,806.00 -0.66%
8zbchubei0160,000,090-0.00%
9bitcc-bts-cold42,750,970-4,000,000.00 -8.56%
10alpha-dog29,533,9619,330,655.00 46.18%
11bittrex-deposit23,960,174-506,303.00 -2.07%
12ranchorelaxo201721,769,774-0.00%
13abit20,081,511-0.00%
14btschbtc17,000,984-0.00%
15a2dcdf323a8a576408f62604b17a8a5215,635,524319,665.00 2.09%
16stan15,470,955-0.00%
17jubi-bts14,591,906-0.00%
18ld63643312,920,027457,417.91 3.67%
19alexna6412,143,695-0.00%
20gate-io-bts12,037,5471,599,975.00 15.33%
21aloha11,826,827-2,999.00 -0.03%
22yun-bts11,255,051-66,289.00 -0.59%
23echocold111,097,651-0.00%
24anonymous11,063,774-0.00%
25evan10,659,692-0.00%
26btsbank-alpha10,138,2674,246,191.45 72.07%
27graphene20159,866,632607,838.00 6.56%
28the-ae9,669,144-3,095,162.00 -24.25%
29getch-bts9,535,172-0.00%
30virtual-ventures9,153,485-0.00%
31yoyow.team8,876,484-0.00%
32bts-subscribe8,719,675444,359.00 5.37%
33ibilitlan-scoltock8,673,958-0.00%
34onceuponatime8,656,980-165,667.00 -1.88%
35roje8,040,409-0.00%
36cievia-waugaman7,990,214-0.00%
37mr-wang7,856,959-0.00%
38invictus7,494,364-0.00%
39jiny27,438,984-0.00%
40haeassa-granovsky7,431,931-0.00%
41adidas.com7,077,542701,507.73 11.00%
42btercom7,050,208-0.00%
43cass6,737,585-0.00%
44denkhaus6,703,732-12,041.00 -0.18%
45abinia-rivard6,550,563-0.00%
46keebler-kahn6,500,770-0.00%
47tyrone-shoelaces6,498,541-0.00%
48tsuratsura-35576,390,852-0.00%
49enki6,084,651-428,303.00 -6.58%
50bts-morning5,899,220-0.00%
51bristolbay5,870,000-124.00 0.00%
52fericia-brick5,766,623-0.00%
53btszhqxf5,734,712-0.00%
54bettersbts5,574,575910,158.27 19.51%
55spring5,560,779-0.00%
56tel-9115,500,034-1,499,986.00 -21.43%
57hnnr85,460,998-0.00%
58cadord-ozois5,423,173-0.00%
59storj5,412,277-135,896.00 -2.45%
60xhunter5,192,094-0.00%
61jeraud-kanze5,172,698-0.00%
62bitcoinindonesia4,996,18781,026.00 1.65%
63rvrts4,963,633-0.00%
64linhan4,824,288-0.00%
65geravia-mackinnon4,777,691-0.00%
66brother-john4,612,086-200,000.00 -4.16%
67arbor44,406,073-602,464.00 -12.03%
68xgqing4,351,903-0.00%
69btsxzzh24,348,432-0.00%
70seer4,213,794-0.00%
71ptschina4,114,442-0.00%
72quonael-lievesley4,087,235-0.00%
73bts19984,000,023-0.00%
74coldstorage14,000,000-0.00%
75oh-bts4,000,000-0.00%
76super-bts3,999,990-0.00%
77slim3,939,098-0.00%
78wesley-waugaman3,921,027-0.00%
79ifly3,904,917-0.00%
80serg3,867,349-0.00%
81rit-capital-partners3,801,385495,190.64 14.98%
82goodc0re3,781,2492,537.00 0.07%
83peak-yannie3,333,334-0.00%
84ak-9993,317,1342,317,134.00 231.71%
85y-1233,232,649-0.00%
86lyh-20123,200,39178,490.00 2.51%
87livecoin-net3,200,37636,032.00 1.14%
88bafohald-degeorge3,189,866-0.00%
89scottmclane3,177,116-0.00%
90bilbo-baggins3,151,030-0.00%
91lao-wallet3,140,242-0.00%
92cylonmaker20533,135,503-0.00%
93aleks3,052,476-0.00%
94makkiavelli19773,043,0236,095.00 0.20%
95null-account3,011,947-0.00%
96mcxcwbts3,000,686-0.00%
97billion-hero-prize3,000,000-0.00%
98roland.sun2,923,130-0.00%
99jackkang2,860,941-0.00%
100austintexas112,822,888721,349.00 34.32%

Thanks for viewing :)

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The Bitsharestalk forum is back online. Bitsharestalk went offline early last week and was offline for roughly 5 days while the Team at Bitsapphire restored services and got everything running again.

Forum is run by the foundation now

Its seems like bitshare is not increasing much to the comparing to before few month..i think its the time that we should hold it rather than sell it...but I’m worried about it because i think it will grow in the future,we should be patient..thanks for the great information and great analysis..appreciated your hard work sir.

·

Markets are funny beasts; One thing Bitshares has is a core community of long term hodlers many familiar faces who have been around for years.

As smartcoin demand grows BTS circulating supply decreases.. with 20% of all BTS being used as collateral at the moment and smartcoins just taking off it should be good to watch into the future.. i also think 2018 DEX platforms will see a rise in popularity as regulations force centralized entities to lean on their users with more kyc and increase in account limitations.

Thanks for your kind comment

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The crypto Market in general is so funny now, seeing all coin flag red one week the other week rise up a little, not stable like some months back.

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it is crypto world ... any thing is possible ... and as far as bit coin is concerned ... when people call it bubble ... i dont like it.... coz we just dont have to blame them for it ... markets gets up and down with time.. and this
is its beauty... we have to support it in these crucial times ... and you are right @diskash ... we should not sell them coz we dont know when its market pop up... and also the competition is is high now ... there are thousands of crypto currencies.... :)

The new worker proposal by Fox is really impressive, it can be an exploration of the work mode a real DAC. I would also like to see this worker proposal can merge all the current worker proposals and make Bitshares really organized.

·

Agreed. This worker proposal should support and incentivize the people working to make BTS a stronger platform. If it can help organize everything, even better. Well said, @jademont good thoughts.

Looking forward for that bitFarm

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haha yes me too!

Wow epic Thanks a lot for this in deep review

Top post, and very useful for all people.

Wow its nice post
Really good information about DEX platform. Thank you @steempower for the information.
in crypto currency world everything is possible.
Thanks for such a nice information..

U5drGWPXP8Z2U2K9TarHyNckjwypHVG.gif

If i sign up from openledger can I login with that credentials on other bisdex?

As evidentt..Bitshare value is not upto the mark these days....and is not increasing also..in my opinion it is not the wise decision to sell them right now...lets wait for sometime... hope the progress will be in our favour....waiting desperately...thanking you for the analysis and providing us with the latest information.

also very good information.
thank you so much!

all posts I have translated but I really do not understand about trading, I always support you but my voice is very low .. thank you very much for all your kindness my brother ..

very good information

Thank you @steempower sharing valuable information.

·

Pain is temporary. Quitting lasts forever, Thank you @steempower for great information and great analysis.

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Somewhat random statement but i do really like it :)

Cheers

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Really good information about DEX platform. Thank you @steempower for the information.

the growth of bitshares indicators is getting slower and slower and I think this slow motion is just recharging and filling power to make the big pump and give the great return to its patient holders and investors
it's crazy and need patient wise investors

Keep up the great work! Been giving away some bitshares T-shirts lately and finding people that love bitshares in my travels to events which has been great! Also more giveaways...
Steem, BTS, and Asset Market Update 2/21 and Giveaway for 2/28

Congratulations @steempower, this post is the seventh 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 53 and the total pending payments to posts in these categories was $4645.60. To see the full list of highest paid posts across all accounts categories, click here.

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Awesome post, whether you want to be friends with me to teach me tengtang, how to play steemit, let me get a lot of value as you, if one of me for guidance from you.

Nice post,
Please help vote and flbck

Great post !! I bought some bitshares in it’s glory. Now I’m waiting for it to rise again. Let’s hope for the best

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Thank You! ⚜

Thanks @steempower for sharing these amazing updates of this great DEX platform.

now that i am reading about bitcoins my interest in the concept is so much awakened...i wish i can join another BOM on the same and I am thankful i can read information from this your posts. As a retiree really want to invest a few of my earnings

super. Write your feedback if you like.

Really excited about the Quints system. Very well thought out. Anything that's backed by precious metals like gold and silver definitely has value.

How do ppl get resteem from you pls
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nice post.The new worker proposal by Fox is really impressive, it can be an exploration of the work mode a real DAC.