Bitshares - State of the Network - 23rd May 2017

Welcome to the 36th 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 May 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.

• Smartcoin valuation has nearly DOUBLED this week going from $3,087,553.11 to $6,038,027.12. The main increase occurred in the BitCNY asset which seen a 135% increase in supply this week. increasing supply in crypto is generally a bad thing but it is quite the opposite in Bitshares as each USD or smartcoins is backed by at least $1.75 USD of Bitshares. This decreases the liquid supply of Bitshares and adoption of smartcoins forces the per share price of Bitshares higher which provides great leverage for the reserve pool and worker proposals creating a positive feedback loop

• The HERO smartcoin has started trading and i have started tracking its progress in these reports. Currently it only has $5,000 USD supply but has only just achieved the need prices feeds to become active this week. Congrats to Stan and the team. This asset is an exciting asset that could bring great value to mainstream society. If you would like to learn more about the HERO you can visit hero.global or check out the recent post from Stan HERE. I have also included a concept logo for the coin below this section. Stan has also mentioned a giveaway of a HEROassist token at the upcoming CRS show in Hollyworld allow attendees to redeem their token for 1 hour of consulting time with a Bitshares Hero who can assist them to create their very own asset to start their new venture.

• Dan Larimer has done an introduction of EOS at consensus NYC. There is a lot of buzz around the new platform and they even had billboard advertising in Time Square. You can watch Dan's talk thank to @roelandp HERE

• This week @stan will be talking at CRS in Hollywood for the 'Startup Hollywood' event. This promises to be a speculator event with some big name Hollywood star that already seem to be supporting the Bitshares ideals. Stan has mentioned he also has some exciting dinner dates lined up so keep an eye on his blog for more information about what transpires this weekend. Be sure to follow @stan on steemit

• @officialfuzzy has released Whaleshares in a Beta phase. Whaleshares will allow Steem whales to attribute their voting power to tokens on the Bitshares network. These tokens can then be distributed to users of Steem (Who will require a Bitshares account ;). Once in possession of these tokens users will be able to use these tokens to upvote/downvote Steem and Golos posts via sending the tokens to the whale. Tools such as whaleshares.net will help users in this process. Whaleshares a being distributed at the moment to speaker in the Beyond Bitcoin Show; In future i am sure their will be other mean to get your hands on these tokens but as mentioned the platform is still in testing at the moment. I personally think this is a great project and will have huge benefits for Bitshares, Steem and Golos.

• @estefantt has published the makeup of the Cryptocurrency index fund 'Bit20'. Every month on the 20th day an algorithm generates a composition for the index fund based on the top 20 cryptocurrencies and some index rules. This asset provides a diversified portfolio for investors that are bullish on cryptocurrencies in general without need to pick the latest flavour of the month. you can find out more and see the latest composition HERE

• Chinese Blockchain Company, ViewFin Inks Deal with Denmark’s OpenLedger. “ViewFin is one of the leading blockchain companies in China, and we are confident that we will achieve more in our future cooperation. It is a great honor to work with a company which is so greatly respected and regarded in their home country. Together we will build something that is special and unique, and we will take the blockchain by storm.” you can read the full story HERE

• Ronny Boesing from OpenLedger (OL) mentioned on telegram this week 'From June OpenLedger will be offering all users to sign up using airbitz password single sign on solution helping you always to access to password and access to your account. It is a 1 usd cost per user waived and paid by OL'

• @fav has stumbled across some Bitshares Munich carbon wallet UI images that surfaced on uplabs.com. I have posted the gif below this section. you can find the original source HERE

• Yoyow has launched a crowd-sale this week; tokens were distributed to a number of sources and sold out in a very short time frame. Yoyow (You Own Your Own Words) is a User generated content platform initially focusing on the Chinese market and should have positive results for the Bitshares eco system. The team from Yoyow is made up from a number Chinese Bitshares core members and superstars of the community. It will launch on a Graphene chain and they already have a demo application that you can play around with. Find out more details HERE or listen to @jademonts introduction HERE

• @peerplays have completed their crowdfund this week reaching tier 3. They did not completely raise their goal and as such as per their initial bulletin any unsold PPY will be burned/unminted. Witness operations are underway with people registering their interest by joining the @peerplayswitness channel in telegram.

• @peerplays this week will be publishing their suggested genesis block allowing all contributors to take an early look at the distributions from the various channels, they will also publish their suggested settings for the network. They will also be releasing further code to their github account in the coming weeks.

• cryptonomex has entered the top 100 this week with a fresh batch of BTS sourced from blocktrades.

• 11632 new account registered this week! average week is roughly 2-3000 accounts so this is roughly 4x higher than a standard week.

• @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 183790; an increase of 11632 wallets/accounts since last week

• The last asset registered this week is asset #1388 and it is named 'OPEN.ETP' registered by 'openledger-wallet' with the description 'OpenLedger Entropy-backed asset - https://openledger.info/' - This is ViewFin's asset.

Ronny taking China by Storm

Bitshares new record 680,000 Transaction in 1 day! (7.87 TPS)

HERO Coin

Top Cryptocurrencies by Transactions Per Day thanks to Bill Butler

Massive increase in smartcoin supply this week

Is this the UI of the upcoming Carbon mobile wallet Bitshares Munich..

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	2,601,670,199	650,297.00	0.03%
BTS Stealth	266,872	-	0.00%
BTS in Open Orders (DEX)	15051771.62	-	0.00%
Reserve Pool	998,904,693	-650,297.00	-0.07%
RP Accumulated fees	6,763	-2,994.00	-30.69%
Collateral (top 250) backing Smartcoins	398813562.6	-9,270,949.40	-2.27%
Top 100 Total	1,454,837,898	35,272,554.81	2.48%
Top 100 - minus Exchanges	519,644,036	6,257,579.21	1.22%
Exchanges	935,193,862	29,014,975.60	3.20%
Non Exchanges	1,666,476,337	-28,364,678.60	-1.67%

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.

Market	Last Price	Price USD	24hr Vol BTS	24hr Vol USD	Vol %	Vol % Change W/W
CNY	0.68	0.10	117,611,495.59	11,594,611.10	52%	98.6%
BTC	0.00004079	0.09315388	108,026,741.59	10,063,110.57	48%	18.9%
EUR	0.08	0.09217672	0	0.00	0%
WAVES	0.05	0.0919263	0	0.00	0%
USD	0.0813471	0.0813471	0	0.00	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

Proposed Worker

• 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 BTS, 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	2,601,670,199	0.09774916	2,601,670,199	$254,311,076.55	0.0250%
BTS Stealth	266,872	0.09774916	266,872	$26,086.51	0.0000%
Reserve Pool	998,904,693	0.09774916	998,904,693	$97,642,094.66	-0.0651%
Accumulated fees	6,763	0.09774916	6,763	$661.08	-30.6857%
BitUSD	1,381,176	10.67	14,737,148	$1,381,176.00	30.1969%
BitCNY	28,675,828	1.516	43,472,555	$4,249,405.76	135.8564%
BitEUR	74,559	12.02	896,199	$87,602.72	-30.7060%
BitBTC	75.1	23,230	1,744,573	$170,530.55	34.1071%
BitGold	32	13,332	426,624	$41,702.14	27.4900%
BitSilver	4,281	180	770,580	$75,323.55	24.4477%
Ruble	1,714,946	0.1926	330,299	$32,286.41	295.2682%
HERO	29.86	1,712	51,120	$4,996.97	0.0000%

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	3033	147
compumatrix1	2220	16
jianjolly-0	1743	0
btsabc	790	117
openledger	514	0
fav	366	6
cryptofresh	358	13
sdr	282	50
gn1	275	19
cryptocurrency3	268	62
ccm2015	241	8
by24seven	195	6
xiangxn	186	8

Vote Proxies

This section will track the change in proxy voting

Account	Opinions	Followers	Weight (M)	Weight Change (M)
xeroc	36	161	238.7	-7.8
bitcrab	64	27	232.3	4.4
laomao	35	4	99.6	32.2
baozi	29	66	60.7	3
bitshares-munich-wallet	15	14	23.4	-2.9
fav	16	48	17.4	0.2
yao	33	35	14.2	1.6
btsabc	59	21	13.3	-8.2
abit	41	307	11.9	-0.1
dahu	21	1	8.9	-0.1

Committee Members

This section will track shareholder approval of committee members

Account	Votes (M)	Votes Change (M)
bitcrab	800.8	9.5
abit	759.2	13.8
bhuz	728.7	22
chris4210	701	63.6
xeroc	661.3	-74.4
clayop	644.8	-0.9
bunkerchainlabs-com	600	5.8
ebit	443	105.9
openledgerdc	415.9	-24.1
harvey-xts	387.6	5.5
fav	319	2

Active Witnesses

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

Rank	Witness	Votes	Missed	Missed W/W
1	in.abit 1.6.35	811.6	310
2	verbaltech2 1.6.34	799.9	1214	3
3	bhuz 1.6.17	798	1099
4	fox 1.6.16	796.4	2908
5	witness.yao 1.6.71	784.4	3139	19
6	wackou 1.6.18	784	1276	2
7	rnglab 1.6.45	768.7	1341
8	xman 1.6.64	761.7	1158	2
9	delegate.baozi 1.6.37	756.8	1026	1
10	jerryliu 1.6.72	753.5	5289
11	xn-delegate 1.6.59	715.9	2294	3
12	witness.still 1.6.69	709.6	8338	7
13	roelandp 1.6.74	655.9	2	1
14	openledger-dc 1.6.76	650.2	11	7
15	xeldal 1.6.22	649.9	1180
16	blckchnd 1.6.75	612.7	91	40
17	sahkan-bitshares 1.6.73	594.5	152
18	abc123 1.6.65	551.1	851	1
19	delegate-1.lafona 1.6.28	548.2	681
20	harvey-xts 1.6.23	539.1	5127
21	elmato 1.6.20	520.3	3009
22	spartako 1.6.15	511.9	978	7
23	delegate.freedom 1.6.63	506.4	3582	3
24	mr.agsexplorer 1.6.24	475	1304
25	delegate.ihashfury 1.6.26	471	869

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 %
1	poloniexcoldstorage	290001203	0	-	0.00%
2	bitcc-bts-cold	186419016	0	-10,000,001.57	-5.09%
3	poloniexwallet	139422564	0	5,763,843.17	4.31%
4	yunbi-granary	100000000	0	100,000,000.00	New to T1000
5	bittrex-deposit	58013125	0	10,715,271.31	22.65%
6	yunbi-cold-wallet	49994976	0	14,991,541.32	42.83%
7	yun-bts	46627837	0	-117,085,041.62	-71.52%
8	bitcc-bts	27096801	0	16,343,379.94	151.98%
9	aloha	20634549	0	-18,012.25	-0.09%
10	stan	20618874	0	-	0.00%
11	bterdeposit	17611922	0	6,020,068.61	51.93%
12	bitshares-munich-wallet	15941245	0	-3,989,117.54	-20.02%
13	bts-19800	15576792	0	15,576,792.00	New to T1000
14	btercom	13049112	0	-	0.00%
15	tsuratsura-3557	12269993	0	2,965,117.36	31.87%
16	cass	11440166	0	-	0.00%
17	abit	11323146	10000	-20,094.30	-0.18%
18	mcxcwbts	10940709	0	-	0.00%
19	evan	10659692	0	-1,457,446.51	-12.03%
20	crypto-maniac	10613397	0	-	0.00%
21	hnnr8	10471002	0	-	0.00%
22	jiny2	9521640	0	77,999.94	0.83%
23	virtual-ventures	9318078	0	-	0.00%
24	trans.bot	9143257	0	4,494,619.16	96.69%
25	roje	8850430	0	-	0.00%
26	invictus	8815143	0	-	0.00%
27	ibilitlan-scoltock	8673958	0	-	0.00%
28	graphene2015	8237551	0	-257,486.22	-3.03%
29	linanjun	8207342	77004	4,528,823.33	123.12%
30	anonymous	8040603	45000	7,031,436.33	696.76%
31	cievia-waugaman	7990213	0	-	0.00%
32	haeassa-granovsky	7431931	0	-	0.00%
33	alexna64	7263382	0	1,393,393.06	23.74%
34	bitcc-bts-withdrawal	6957306	0	6,299,553.99	957.74%
35	comp6	6737597	0	-856,660.82	-11.28%
36	onceuponatime	6676519	0	225,630.54	3.50%
37	abinia-rivard	6550563	0	-	0.00%
38	keebler-kahn	6500770	0	-	0.00%
39	coldstorage1	6499999	0	-500,000.92	-7.14%
40	multisig-worker-2017-01	6401110	0	2,044,590.47	46.93%
41	bc-godpay	6255218	9	-959,658.91	-13.30%
42	millibit53	6234726	0	-	0.00%
43	fericia-brick	5766623	0	-	0.00%
44	btszhqxf	5734712	0	-	0.00%
45	bts-morning	5677113	0	304,272.99	5.66%
46	dev.bitsharesblocks	5638893	750000	-	0.00%
47	linhan	5425095	0	-	0.00%
48	cadord-ozois	5423173	0	-	0.00%
49	pay.xeroc	5390365	0	-394,790.85	-6.82%
50	cryptonomex	5385629	0	4,699,471.86	684.90%
51	spring	5365474	0	-	0.00%
52	bristolbay	5324999	0	-4.67	0.00%
53	xhunter	5233238	0	-	0.00%
54	jeraud-kanze	5172698	0	-	0.00%
55	brother-john	5074573	0	3,548,713.02	232.57%
56	prebuffo1970	5001826	0	-1,509,150.20	-23.18%
57	laow	4937707	0	-120,001.82	-2.37%
58	synergy3	4806769	0	-371,002.32	-7.17%
59	geravia-mackinnon	4777691	0	-	0.00%
60	tyrone-shoelaces	4461959	0	-	0.00%
61	btsxzzh2	4348432	0	-	0.00%
62	slim	4153504	0	-	0.00%
63	happyshares	4088979	0	3,072,401.57	302.23%
64	quonael-lievesley	4087235	0	-	0.00%
65	tkoba99	4033394	1559	-640.17	-0.02%
66	kylin1986	4000386	0	-691,005.62	-14.73%
67	wesley-waugaman	3921027	0	-	0.00%
68	hermes3	3832195	0	-	0.00%
69	satoshi-pie	3697790	0	-	0.00%
70	btsnow	3648808	0	-2,999,927.31	-45.12%
71	jaehyuk	3627054	0	-	0.00%
72	laplap5	3493800	0	-	0.00%
73	bunkerchainlabs-com	3268788	0	-145,999.22	-4.28%
74	scottmclane	3251127	0	-	0.00%
75	bafohald-degeorge	3189866	0	-	0.00%
76	wind-flower	3174192	0	-	0.00%
77	ddd555	3137272	0	-2,074,448.71	-39.80%
78	goodc0re	3130517	1402	-294,858.46	-8.61%
79	null-account	3011945	0	-	0.00%
80	anonym7	2972989	0	-	0.00%
81	geneko	2822125	0	-2,222.55	-0.08%
82	mostar	2747734	0	-1,049.08	-0.04%
83	bitcoinindonesia	2696466	0	-640,236.34	-19.19%
84	douglasriese1994	2642911	0	-	0.00%
85	aboy	2636148	0	2,636,148.00	New to T1000
86	rand1	2586347	0	-	0.00%
87	bang-king	2570419	0	-	0.00%
88	hardfork2	2545413	0	-	0.00%
89	serg	2515784	0	-	0.00%
90	thread	2485990	0	-	0.00%
91	chainsquad	2484154	0	-1,000,038.43	-28.70%
92	dragongroup	2401511	0	-200,000.05	-7.69%
93	rg33m43ffaeqdrnk	2395597	0	1,526,146.85	175.53%
94	sauron	2338702	0	179,501.38	8.31%
95	spook	2296849	0	-	0.00%
96	nana-roseannadana	2209986	0	-	0.00%
97	yvg1900	2201037	0	-20,001.42	-0.90%
98	wildman-capital	2195346	0	294,303.17	15.48%
99	kedaliwin-tefft	2192433	0	-	0.00%
100	talos	2171652	0	-	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 steemit.chat, 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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