Bitshares - State of the Network - 21st March 2017

Welcome to the 27th Bitshares State of the Network (BSotN) report. I will be releasing this report weekly to look at 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 - 21st March 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 this week conducted a stress test on the public Bitshares testnet with amazing results; The test reached a maximum of 62,645 Operations inside a single Block 3 second block! that is 20881 Operations Per Second (Operations are changes to state and include transfers, market orders, votes, account updates ect..) and a maximum of 9,985 Transactions in a single Block! that's a staggering 3328 Transactions Per Second!! (transactions are a signed message that includes 1 or more operations). During the test period the network sustained 100-200 Transactions per second between coordinated tests as mentioned above. These are great results but the stress test team is not satisfied and will be pushing forward with upcoming tests in the near future.

• Alfred Garcia (Bitshares Core Dev) has been focusing on Github issues this week and has closed a bunch of them; check out his progress HERE

• @svk has released a new Bitshares client (v. 2.0.170314) featuring updated UI design provided by @etherdesign as well as some UX enhancements to make working with wallet a more intuitive and fluid experience; I Personally recommend checking it out as it looks amazing!. As well as the new design there has also been a lot of updates and fixes included as well - Checkout the latest updates HERE or download the latest version for your computer HERE - https://bitshares.org/wallet has also been updated with the latest updates.

• Peerplays Jonathan Baha'i has announced this week that they are currently working on a promotional video that is expected to be released soon; they have also coordinating their global teams, building their sports betting application and a new website with a sport betting focus to capture their initial target market and ensure that customers are well informed and not overloaded by crypto currency related news and details which may not be of interest to the average punter. They have also announce that the testnet 'core' wallet will be released on the 7th of April; this being the core wallet it will only include account management features that PPY holders will user to work with their account, it will not include any gaming aspects of Peerplays. You can hear Jonathan's official update on the latest Beyond Bitcoin Hangout which you can find HERE

• @xeroc has release a new version of uptick (v 0.1.2). Uptick is python based command line tool for interfacing with the Bitshares network. you can find more details of the changes HERE or download the latest version HERE

• @xeroc has release a new version of python-bitshares (v 0.1.4). Python-Bitshares is python based library used to interact with the Bitshares network. you can find more details of the changes HERE or download the latest version HERE

• @kencode has released his weekly update filled with news from a number of projects that Bitshares-Munich are working on (BlockPay, C-IPFS, Bitshares Stealth, Smartcoins Wallet). 5 out of 6 chains have been implemented into the smartcoins wallet and Bitshares Stealth (using ZKSnarks) seems to be coming along very nicely. Heaps of great updates can be found HERE

• @full-steem-ahead has published a witness report which can be found HERE

• If you have been living under a rock; i will inform you that @dan (Daniel Larimer a.k.a Bytemaster) has resigned from Steemit. What does this mean for Bitshares? No idea but its nice to think that if Dan wanted to return to Bitshares the worker proposal system would be able to employee him as a developer on the platform in which he built. Imagine the pride in being hired by the community and paid by the blockchain which you built. Worst case Dan will be looking to 'build another ship' in which i'm sure the underlying technology would be Graphene; this would further strengthen the existing platforms built on the Grapehene technology.

• OpenLedger is assisting with the crowd-sale of the new platform 'Internet of Coins' and their flagship asset 'HYBRID'. Internet of coins aims to be a digital wallet in which you can store you value from multiple platforms (Bitcoin/Omni, Ethereum, Bitshares, NEM, Waves, Counterparty, NXT) and with the use of their HYBRID asset (which trades on all platforms) will allow users to exchange value between different chains. Check out the platform HERE or watch the live stream from Openledger HERE

• 23 User Issued Assets (UIA's) have been registered this week with majority of the registrations being attributed to 2 user accounts (ddd888 and thedex). Of the 2 'thedex' has registered a number of cryptocurrency symbols such as MAID, USDT and ETH (note the 3 Letter UIA 'ETH' the rareist and most expensive UIA's on offer). You do not register 3 letter UIA's unless you have a business idea or some form of plan which could be used to recoup the costs. To give you an idea of the cost involved with registering such a premium asset; the cost at the time of writing for a lifetime member to register a 3 letter symbol is 234,821 BTS / $1264 USD

• Today's snapshot of asset markets on the Bitshares DEX shows that the trading volume for the last 24 hour period is over a quarter of a Million dollars coming in at just under 300,000 USD

• This weeks Bitshares hangout recording has been published and is availible HERE

• This weeks Beyond Bitcoin hangout recording has been published. This week had talks from @peerplays @good-karma @virtualgrowth you can find more details and last weeks recording HERE

• Current registered wallets/accounts within the Bitshares network is 158112; an increase of 720 wallets/accounts since last week

• The last asset registered this week is asset #1315 and it is named 'CCCCC' registered by 'ddd888' with the description 'CCCCC'.

Testnet Stresstest Results - stresstest started with the spike after timestamp 585,000

New Bitshares UI Welcome screen thanks to @svk and @etherdesign

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.

Distribution	Balance	Change W/W	Change W/W %
BTS Supply	2,590,118,248	1,521,284.00	0.06%
BTS Stealth	266,837	-	0.00%
BTS in Open Orders (DEX)	27,585,729.85	-9,982,953.02	-26.57%
Reserve Pool	1,010,462,827	-1,521,284.00	-0.15%
RP Accumulated fees	27,416	-2,562.00	-8.55%
Collateral (top 250) backing Smartcoins	349625488	22,456,870.00	6.86%
Top 100 Total	1,376,590,926	-15,577,129.41	-1.12%
Top 100 - minus Exchanges	542,331,014	15,475,181.78	2.94%
Exchanges	834,259,912	-31,052,311.19	-3.59%
Non Exchanges	1,755,858,336	32,573,595.19	1.89%

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 (Investments in the platform via shareholder voted work) 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.

Market	Last Price	Price USD	24hr Vol BTS	24hr Vol USD	Vol %	Vol % Change W/W
BTC	0.00000525	0.01	129,704,518.56	753,849.71	6565.19%	362.74%
CNY	0.04055712	0.01	67,859,478.45	399,329.39	3434.81%	199.20%
USD	0.005	0.005	2	0.01	0
EUR	0.00532986	0.00572827	0	0	0
NXT	0.103	0.00072433	0	0	0

Worker Proposals

This section will identify the current approved and pending worker proposals

Active Worker:

• Alfredo Garcia, Bitshares Core Dev
• Soledger - Vikram/Agent86 - Project administration & essential maintenance
• SVK - GUI Development
• Xeroc - Python-steem and uptick
• Advertisement on 8btc.com

Proposed Worker

• Chronos Crypto - for the creation of educational youtube videos
• Fund to pay dividendp/topic,22041.new.html#new)

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 USD, CNY and Open.BTC

Smartcoins

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

Asset	Supply	Price	Market Cap BTS	Market Cap USD	Supply Change W/W
BTS	2,590,118,248	0.00583699	2,590,118,248	$15,118,494.31	0.0588%
BTS Stealth	266,837	0.00583699	266,837	$1,557.52	0.0000%
Reserve Pool	1,010,462,827	0.00583699	1,010,462,827	$5,898,061.42	-0.1503%
Accumulated fees	27,416	0.00583699	27,416	$160.03	-8.5463%
BitUSD	228,349	174.8	39,915,405	$232,985.82	22.3466%
BitCNY	1,301,608	24.65	32,084,637	$187,277.71	24.9397%
BitEUR	6,587	189	1,244,943	$7,266.72	-4.2448%
BitBTC	41.8	189,775	7,932,595	$46,302.48	6.3613%
BitGold	10.2	213,913	2,181,913	$12,735.80	4.0816%
BitSilver	1,583	3,043	4,817,069	$28,117.18	7.4678%

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.

Account	Referrals	Change W/W
bitshares-munich	2305	69
jianjolly-0	1660	52
compumatrix1	1636	1
openledger	514	0
btsabc	447	9
fav	344	6
cryptofresh	331	5
gn1	238	5
ccm2015	226	2
cryptocurrency3	187	1
by24seven	174	5
steem-trail	137	18
sdr	123	3

Vote Proxies

This section will track the change in proxy voting

Account	Opinions	Followers	Weight (M)	Weight Change (M)
xeroc	33	165	250.2	23.1
bitcrab	56	24	127.8	17.9
baozi	19	66	87.9	3.3
laomao	35	3	43.6	-6.8
bitshares-munich-wallet	9	12	28.4	2
harvey	57	5	22.4	0
jonnybitcoin	33	15	15.5	1.6
fav	13	36	13.9	0.2
bytemaster	38	41	14.7	3.2
baicai	49	4	10.6	-0.1

Committee Members

This section will track shareholder approval of committee members

Account	Votes (M)	Votes Change (M)
bitcrab	661.6	52.2
chris4210	607.5	55.1
bhuz	579.1	57.8
xeroc	520.6	56.1
clayop	520.1	58.8
abit	513.2	38.5
bunkerchainlabs-com	448.1	55.2
ebit	348.4	16.2
harvey-xts	202.6	12.2
bitcube	110.5	-188.1
fav	190.4	0.4

Active Witnesses

This section will track active witnesses and the changes in support

Rank	Witness	Votes	Missed
1	in.abit 1.6.35	728.4M	131
2	abc123 1.6.65	702.8M	828
3	bhuz 1.6.17	694.6M	1092
4	wackou 1.6.18	687.7M	1269
5	delegate.baozi 1.6.37	687.4M	937
6	verbaltech2 1.6.34	673.1M	1190
7	witness.yao 1.6.71	665.0M	1174
8	rnglab 1.6.45	656.7M	1254
9	xman 1.6.64	649.7M	1104
10	jerryliu 1.6.72	638.0M	2738
11	xn-delegate 1.6.59	625.3M	2283
12	delegate-clayop 1.6.27	607.2M	2592
13	witness.still 1.6.69	592.5M	6824
14	fox 1.6.16	586.7M	2884
15	xeldal 1.6.22	533.4M	864
16	datasecuritynode 1.6.49	507.3M	1517
17	roadscape 1.6.13	499.7M	1374
18	delegate.ihashfury 1.6.26	439.0M	858
19	delegate.freedom 1.6.63	385.1M	3561

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

Rank	Account	Balance(include orders)	Orders	Change W/W	Change W/W %
1	bitcc-bts-cold	301419042.5	0	-45,000,013.87	-12.99%
2	poloniexcoldstorage	290001202.9	0	-	0.00%
3	poloniexwallet	152760896.2	0	76,018,990.97	99.06%
4	yunbi-cold-wallet	35003434.68	0	-	0.00%
5	pr1modiaprile	24999291.42	0	-	0.00%
6	bittrex-deposit	21887415.89	0	38,257.04	0.18%
7	stan	19377606.39	0	2,242,830.70	13.09%
8	btercom	17049117.35	0	-	0.00%
9	alohacs	16855553.92	0	-	0.00%
10	tsuratsura-3557	16655195.67	0	1,749,331.15	11.74%
11	bitshares-munich-wallet	13058169.17	0	2,264,790.30	20.98%
12	evan	12118147.13	0	-	0.00%
13	tkoba99	11199822.85	1558.846	11,199,822.85	New to T1000
14	cass	11068343.65	0	-0.76	0.00%
15	mcxcwbts	10818456.61	0	-	0.00%
16	crypto-maniac	10613394.97	0	15,925.00	0.15%
17	hnnr8	10471001.86	0	-	0.00%
18	jonnybitcoin	10355871.82	0	355,861.31	3.56%
19	invictus	9815143.343	0	-	0.00%
20	virtual-ventures	9318077.011	0	-	0.00%
21	funnycat-air	9308118.578	9305000	-1,503,689.60	-13.91%
22	jiny2	9263139.165	0	-	0.00%
23	roje	8850428.578	0	-	0.00%
24	ibilitlan-scoltock	8673958.411	0	-	0.00%
25	yun-bts	8659596.177	0	-6,778,658.01	-43.91%
26	coldstorage1	8300000	0	-	0.00%
27	comp6	8144300.712	0	2,894,147.99	55.13%
28	cievia-waugaman	7990212.251	0	-	0.00%
29	bc-godpay	7563433.058	0	-	0.00%
30	haeassa-granovsky	7431930.353	0	-	0.00%
31	abinia-rivard	6550561.954	0	-	0.00%
32	goldsix	6050400.848	0	-	0.00%
33	ubris	5999999.845	0	-	0.00%
34	dev.bitsharesblocks	5804511.786	794522.0451	-1,736,262.52	-23.02%
35	fericia-brick	5766621.727	0	-	0.00%
36	btszhqxf	5734710.5	0	-	0.00%
37	miso69	5478227.737	0	-	0.00%
38	linhan	5425093.721	0	-	0.00%
39	cadord-ozois	5423172.409	0	-	0.00%
40	pay.xeroc	5390378.805	0	-	0.00%
41	cissy	5383923.483	10000	-	0.00%
42	bristolbay	5325002.672	0	-	0.00%
43	xhunter	5233237.27	0	-	0.00%
44	jeraud-kanze	5172697.487	0	-	0.00%
45	ccedk.escrow2	5150294.966	0	-	0.00%
46	ironbank	5144966.404	8000	-	0.00%
47	lzr1900	5125200.878	0	37,706.86	0.74%
48	laow	5057707.821	0	-	0.00%
49	roland.sun	5022491.809	0	-	0.00%
50	prebuffo1970	4834033.476	0	0.25	0.00%
51	geravia-mackinnon	4777689.635	0	-	0.00%
52	mybak	4709246.334	0	-	0.00%
53	harvey	4699119.737	34839.54	-0.01	0.00%
54	spring	4673511.803	110000	-0.15	0.00%
55	satoshi-pie	4622790.181	0	-	0.00%
56	bts88	4527532	0	-	0.00%
57	onceuponatime	4462117.83	0	271,837.25	6.49%
58	impseu1	4432045.44	0	-	0.00%
59	teiva	4423898.412	177336.0167	-852,663.98	-16.16%
60	btsxzzh2	4348431.46	0	-	0.00%
61	kimziv0	4176436.172	0	-0.44	0.00%
62	slim	4153504.029	0	52,692.40	1.28%
63	stellar	4118034.258	4637.1	-	0.00%
64	quonael-lievesley	4087235.19	0	-	0.00%
65	bitcc-bts-withdrawal	4064145.941	0	-878,629.27	-17.78%
66	elendasa-benjamin	3925769.873	0	-	0.00%
67	wesley-waugaman	3921027.341	0	-	0.00%
68	aboy	3919281.369	0	3,452,144.64	739.00%
69	hermes3	3832194.901	0	-	0.00%
70	wys	3706185.413	0	-	0.00%
71	jaehyuk	3627054.385	0	-	0.00%
72	laplap5	3493800.179	0	720,465.83	25.98%
73	bts-morning	3491846.009	0	-	0.00%
74	mike-primorac	3479329.453	0	-	0.00%
75	koocaa	3453196.418	0	-	0.00%
76	nethyb	3442787.375	0	3,442,787.38	New to T1000
77	enki	3428460.854	89953.10196	872,163.72	34.12%
78	blocktrades	3415060.307	6677.33872	-401,928.42	-10.53%
79	cnfund	3390261.03	242317.5676	-1,165,876.82	-25.59%
80	tomotomo1	3332277.428	0	-	0.00%
81	trans.bot	3318067.002	774190.0602	-1,899,069.68	-36.40%
82	ags	3256677.911	0	-	0.00%
83	scottmclane	3251127.476	0	-	0.00%
84	tyrone-shoelaces	3233062.134	0	-	0.00%
85	chryspano	3200097.451	0	-	0.00%
86	bafohald-degeorge	3189865.947	0	-	0.00%
87	bunkerchainlabs-com	3076668.779	0	-	0.00%
88	bitgate-ico1	3040926.067	0	-	0.00%
89	null-account	3011944.766	0	-	0.00%
90	anonym7	2972988.998	0	-	0.00%
91	profoot	2949982.108	0	-	0.00%
92	ccddd	2800000	0	-	0.00%
93	mostar	2751889.402	22900	-	0.00%
94	wildman-capital	2700031.459	135650.2481	2,607,537.37	2819.14%
95	sk	2681288.12	0	231,226.77	9.44%
96	douglasriese1994	2642911.206	0	-	0.00%
97	rand1	2586346.83	0	-	0.00%
98	bang-king	2570419.946	0	-	0.00%
99	kan791	2569361.488	0	-	0.00%
100	dragongroup	2549459.689	0	-	0.00%

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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 steemit.chat, in the 'BitsharesDEX' Telegram group or every Friday in the the BeyondBitcoin Hangouts.

I hope you enjoyed this report! :)

Image Credit: @cass