Bitshares - State of the Network - 23rd January 2018
Welcome to the 70th 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 - 23rd January 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.
BTS being used as collateral for the smartcoin economy has increased by 13.5% this week which brings the total BTS being locked by the network to back smartcoins to a record high of 19.7%.
This week has seen a 55.8% increase in Open orders on the Bitshares DEX!. This week also shows a 24 hour volume of over 40 Million USD and last week’s record setting 170 Million USD 24 hour volume is suggesting the liquidity is increasing as adoption grows and more people seek a more transparent and open means of exchange without restrictions that can be imposed on centralized entities.
Congratulations to Alfredo Garcia (Bitshares core developer) who has had his new worker proposal approved by the Bitshares holders for a second term working as one of the Bitshares core developers!. Alfredo work ethic has been proven in the previous term and i personally (Bitshares in general as well i am sure) am very happy to see his work continue.
This week the "Sovereign Hero / Arise Bank Radio Show" hosted by Art Mobley interviewed Stan Larimer, Jared Rice and special Guest Evander Holyfield. You can finds Stan's announcement and links to the podcast HERE
PoloniEX is reporting issues with their Bitshares wallet again.. The Bitshares spokespersion has reached out to PoloniEX to offer support if they require assistance, they have also offered direct line of communication in case of any future issues. They are currently awaiting a response. It is worth mentioning that the network is healthy and running fine and all other exchanges and services running on the Bitshares network are functioning as expected. For more information see HERE
The BitShares Blockchain Foundation has announced they have started returning excess funds from the Bitshares escrow that has been used to pay worker proposals. They are releasing these funds back to the reserve pool in small chunks to prevent spikes in the weekly statistics. Operation 1.11.120681976 was the first batch 150,000 BTS being returned to the reserve pool. There is still a balance of 782,339.68910 BTS to be returned in futue batches. See the announcement HERE
@Stan Larimer has done a 1 hour appearance on the Bob Zadek's show discussing the basics of Bitcoin and Blockchains. Bob is big from Denver to the Left Coast and he was interested in introducing his audience to the generic concepts behind "The Bitcoin Industry". Check out all the details and links to the show HERE
@apasia.tech has introduced a WordPress WooCommerce Bitshares Gateway Plugin. This is still a work in progress project which @apasia.tech has been focusing on with some input from @stan and @michaelx. A few improvements/bugs have been identified by the developer who is giving an ETA of about 3 weeks to finish of the plugin. Please see the post HERE for full details and screenshots of the setup and interface.
@heiditravels has done a great write up and video on blockchain generations running through some 1st Gen blockchain such as Bitcoin and Litecoin, 2nd Gen such as Ethereum and NEO and 3rd Gen Such as Bitshares and Steem. She also discusses what EOS is proposing to add to the table. For full details please see her post HERE and see the video included below.
@fav has done a great post this week showing how to view current committee proposals and find out which committee members are voting for or against the proposal. See the full details HERE and make sure to consider the flexibility and power being displayed in the images (also posted below).
@richcg has expanded on the Bitshares Quick Reference Guide that Aaron/Crypto Fielder and Kevin Messerly/Kimchi King put together and have made it into a website. Be sure to check out this post HERE and direct new users to the Quick reference website www.is1.co/guide
OpenLedger has announced the termination of the BTSR project (HubDSP and Bitteaser). On February 1st 13:00 GMT the remaining BTSR that is held by Openledger will be burnt and following that burn OpenLedger will create a buy order on the Bitshares DEX to buy all remaining BTSR with OBITS (BTSR_OBITS). Price will be determined by the current market value of both BTSR and OBITS to give the users the same value in OBITS in return for their BTSR (at the time the order is placed). For more details please see btsr.io
This week’s Bitshares hangout recording has been published and is available HERE
Current registered wallets/accounts within the Bitshares network is 664177; an increase of 20249 wallets/accounts since last week
Smartcoin issuance chart showing weekly change since the start of 2017
WordPress WooCommerce Bitshares Gateway Plugin - source
Bitshares Quick Reference Guide website - source
Elected Bitshares committee member voting on network proposal (fee changes, block time, witness pay ect ect)
@heiditravels - Blockchain Generations - source
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 in Open Orders (DEX - T250)||9850389||3,354,768.00||55.86%|
|RP Accumulated fees||37,401||-||0.00%|
|Collateral (top 250) backing Smartcoins||516106735||65,283,074.00||13.54%|
|Top 100 Total||1,099,483,858||-40,352,517.00||-3.65%|
|Top 100 - minus Exchanges||409,063,404||-51,674,558.00||-11.60%|
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.
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|
This section will identify the current approved and pending worker proposals
- Alfredo Garcia - Core Development for Second half of 2017
- Abit - Core Developer - 201712~201803
- Joint Marketing Campaign of Exchanges WP
- BitShares Greater China Representative
- DEXBot - User Friendly BitShares Market Making Software
- Soledger - Vikram/Agent86 - Project administration & essential maintenance
- Fund to pay dividend
- NeoWorker - neoreel-1
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
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|
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.
This section will track the change in proxy voting
|Account||Opinions||Followers||Weight (M)||Weight Change (M)|
This section will track shareholder approval of committee members
|Account||Votes (M)||Votes Change (M)|
This section will track top 25 active witnesses and the changes in support
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(inc orders)||Orders||Change W/W||Change W/W %|
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