Bitshares - State of the Network - 27th December 2017

in #bitshares4 years ago (edited)

Welcome to the 67th 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 - 27th December 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.

  • The first demo of the Bitshares tradingview integration has been released this week with OXArbitrage posting a link to the UDF wrapper on github HERE. You can view the Bitshares BTS_BitUSD market in the demo HERE. I personally am very excited to see this implemented into the reference wallets!

  • The first Graphene Developers Conference has been announced and will hit Shanghai on the 20th of January 2018. Bitcrab (Core member of the Chinese community) has generously organised and sponsored the event. Find more information HERE

  • @cm-steem has posted a guide and intention to create an open source HUG REST API for Bitshares. The service or toolset will provide easy access via a GET request to a REST API service to retrieve information from the Bitshares network. Get more information HERE

  • @tsugimoto has published a collection of BitShares Documentation (Development Guide, FAQs, Tutorials, Integration Guide, Blockchain Interaction, Network and Wallet Configuration, and other reading materials). This is a great resource for anyone looking to dig deeper into the Bitshares platform. You can find the post HERE

  • @taconator has released his monthly 'Fees collected on the BitShares blockchain' report for the month of November 2017. This month has seen 1.41 Million BTS from 12.1 million Operations within 5.13 million transaction. Asset creation has taken the lead accounting for 73% of fee's paid. Full details HERE

  • @full-steem-ahead has released a introduction to Python-Bitshares for any developers or anyone looking to interact with the Bitshares network via Python. You can find the very insightful article HERE

  • George Harrap (CEO and Co-Found of Bitspark) has released a post on medium titled '2018 The Year of The DEX'. The article explains what a Decentralized exchange is, some history, counterparty free smartcoins, gateways and atomic swaps. The article concludes with with George's views on what would make a successful DEX and he highlights Bitshares as the only systems that meet his criteria. You can read the full article HERE

  • The Billion hero prize money reached its first milestone this week in which the value reached 2 Million USD (initially 1 Million USD was set aside for the prize money for the Billion Hero Challenge). For more details you can view @stan's post HERE

  • Current registered wallets/accounts within the Bitshares network is 541023; an increase of 14369 wallets/accounts since last week

  • The last asset registered this week is asset #2661 and it is named 'UGAME’ registered by ‘xin-shan' with the description ‘UGAME'.

Smartcoin issuance chart showing weekly change since the start of 2017

# of Accounts holding BTS (only have a few weeks of data so far)

% of BTS circulating supply held as collateral backing of Smartcoins

Quantity of Transaction and Operations - 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 Supply2,606,051,701 412,115.000.02%
BTS Stealth287,457 -8.000.00%
BTS in Open Orders (DEX - T250)5248387 1,386,093.1723.08%
Reserve Pool994,521,557 -414,615.00-0.04%
RP Accumulated fees37,489 88.000.15%
Collateral (top 250) backing Smartcoins493314489 16,412,628.003.40%
Top 100 Total1,088,642,632 -22,207,033.00-2.01%
Top 100 - minus Exchanges428,334,470 -29,778,374.00-6.69%
Exchanges660,308,162 7,571,341.001.15%
Non Exchanges1,945,743,539 -7,159,226.00-0.37%

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

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 Open.BTC


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

AssetSupplyPriceMarket Cap BTSMarket Cap USDSupply Change W/W
BTS2,606,051,7010.5742,606,051,701$1,495,873,676.37 0.016%
BTS Stealth287,4570.574287,457$165,000.32 -0.003%
Reserve Pool994,521,5570.574994,521,557$570,855,373.72 -0.042%
Accumulated fees37,4890.57437,489$21,518.69 0.235%
BitUSD23,744,6171.67839,843,467$22,870,150.25 7.255%
BitCNY357,234,0800.25591,094,690$52,288,352.29 2.811%
BitEUR117,6801.99234,183$134,421.16 2.036%
BitBTC43.126,1351,126,419$646,564.22 -3.363%
BitGold113.82,161245,922$141,159.11 21.972%
BitSilver20,69327.6571,127$327,826.78 10.605%
Ruble10,451,9980.02866299,554$171,944.15 -11.831%
HERO2,691277.4746,483$428,481.47 1.203%

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

Vote Proxies

This section will track the change in proxy voting

AccountOpinionsFollowersWeight (M)Weight Change (M)
xeroc39216249.5 -0.8
bitcrab6873234.7 -7.2
openledger366426165.6 4
still23217104.8 -5.5
bitshareseurope043040.1 0.1
fav2515031.4 -0.6
baozi306629.7 0.8
abit4735718.6 0.7
laomao35415.5 -2.7

Active Witnesses

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

RankWitnessVotesMissedMissed W/W
1in.abit 1.6.35 998.47111
2openledger-dc 1.6.76 963.3612
3witness.yao 1.6.71 926.63557
4witness.still 1.6.69 913.991901
5xn-delegate 1.6.59 899.92821
6bhuz 1.6.17 884.61576
7roelandp 1.6.74 85830
8blckchnd 1.6.75 8539191
9 delegate-1.lafona 1.6.28 803.14396
10 xeldal 1.6.22 789.522573
11abc123 1.6.65 705.21274
12crazybit 1.6.84 682.84571
13 xman 1.6.64 676.51642
14 rnglab 1.6.45 662.820781
15verbaltech2 1.6.34 634.338481
16 delegate.freedom 1.6.63 6314861
17 elmato 1.6.20 6304269
18 wackou 1.6.18626.818618
19 sahkan-bitshares 1.6.73 600.58982
20 fox 1.6.16 597.53609
21billbutler-witness 1.6.92 491.577
22delegate.ihashfury 1.6.26 425.3869
23 mr.agsexplorer 1.6.24 359.97604
24 cyrano 1.6.21 329.73539
25 delegate-clayop 1.6.27 323.54842

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

RankAccountBalance(inc orders)OrdersChange W/WChange W/W %
3poloniexwallet83,451,6400-7,001,737.00 -7.74%
4bitcc-bts-cold64,261,3410-3,781,003.00 -5.56%
5zbbts60,471,295011,108,125.00 22.50%
6bittrex-deposit33,306,0600-3,335,313.00 -9.10%
7binance-bts-132,754,9490-679,260.00 -2.03%
9yun-bts15,500,2420-2,587,244.00 -14.30%
10jubi-bts14,591,906010.00 0.00%
11binance-bitshares-gvbdb84k6h13,847,76304,372,202.00 46.14%
14a2dcdf323a8a576408f62604b17a8a5211,988,9440-449,770.00 -3.62%
16anonymous9,831,9435250-646,177.00 -6.17%
18graphene20159,193,78101,449,330.00 18.71%
20gamma-rabbit8,770,97404,770,893.00 119.27%
23onceuponatime7,696,73867001443,656.00 6.12%
27coinegg-main7,227,1950-2,094,639.00 -22.47%
32virtual-ventures6,384,4040-447,019.00 -6.54%
33stat-dude6,316,623149560234,945.00 3.86%
36bts-morning5,615,11901,270,571.00 29.25%
49ld6364334,361,289108,298861,289.00 24.61%
52bitcoinindonesia4,348,1130-488,041.00 -10.09%
53bts4lan4,282,35002,355,243.00 122.22%
62abit3,853,28102,934,321.00 319.31%
64livecoin-net3,683,6740-186,208.00 -4.81%
72mcxcwbts3,000,68602,000,686.00 200.07%
73bts14923,000,00602,000,006.00 200.00%
74swipetoken8883,000,0050-1.00 0.00%
77jackkang2,882,9400-99,998.00 -3.35%
79zbsend2,799,4360-3,006,285.00 -51.78%
88thread2,504,9350-8,549.00 -0.34%
90bitspark-deposit2,483,3340-173,734.00 -6.54%
94abc.btsbots2,250,0360-500,001.00 -18.18%
95poloniex2,247,72001,325.00 0.06%
100random1232,185,8470-514,760.00 -19.06%

Thanks for viewing :)

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Awesome work man! - Updated

Shared on twitter / reply below as usual.

Have a nice end to your week @steempower. I commented in the thread here about me being more involved, learning, sharing etc to BTS.

I am trying!!

Wow, great stuff. I am trying to be more active and learn/contribute here and direct ppl. to BTS over the months.

keep that energy going! Share-

Nice bro thanks..

Wonderful work @cm-steem👍👍👍

Graphs 2 and 3 are v informative! If the number of people holding BTS continues to rise, and if the % of BTS tied up as collateral continues to rise, then the price of a BTS can only go one way...


This is a great point. Markets will be markets but it is a very bullish metric to follow and a healthy trend on both

Looks like markets are being markets right now - time to buy more...

Once mainstream money catches on to the fact that this platform enables instant loans at 0% then surely the trend on both will continue - or hopefully accelerate significantly...


I hope to understand this one

I just signed up for Bitshares exchange and I regret I didnt do it a long time. Because what I read about it is a very interesting. soon It will be one of the biggest exchanges in the market

The best time to plant a tree was 20 years ago, second best time is today.

We already have great volume compared to other decentralized exchanges and even smaller centralized ones and with all the exchanges starting to lock down and require full kyc and withdraw limits i think Bitshares is well placed to capture some big market share in 2018

yes you are right about this,, and Thank you very much for the generous upvote.

Bitshares recent movement has been nothing short of phenomenal! Keep up the good work growing the platform.

What a post! I need to reread everything again but great info and graphs demonstrating the ebbs and flows of the market. Thanks for your post!

Week goes so fast! You reminds me it! Great summary report and thanks for sharing!


@steempower thanks for continuously posting about the Bitshares state of the network. Tryuly thanks to this and for several people like @cryptographic and @lukestokes is that I started to get as much bitshares as possible.

I just added an Upvote to this new post.

By the way, yesterday I published the 1st chapter of the Full Steemit Guide to help new visitors, new members, minnows and other steemians make their way easier on the platform. The same as @lukestokes and @blocktrades that deserve more than the simple thanks I gave them for their support on it, you also deserve this for all the support you are giving to many people on the steemit community, to learn about bitshares and see about its current state (between several of other contributions).

I am not sure if you ever read a post from me. Today, I wanted to let you know I mentioned you on this 2nd chapter because of your great contribution on "How to Buy Steem Power with @blocktrades:". Thanks for that post. It will be helping lots of several more new visitors and new steemians that reach the 11 full steemit guide.

Looking forward to your thoughts on it when you get the chance.

Here is the link for Chapter 2 for you to check them in case you are interested.

Chapter 2 of 11: Focusing on the Details of the Steem Wallet to learn as much as possible How to use it - Transfer Steem SBD - Convert it to ETH LTC Bitcoin or other Crypto - This is part 2 of the 11 Chapters (Full Guide) to help new people make their way:

Regards, @gold84

My favourite time of the week :)

Nice Post Very Informative !

Until very recently I was not aware of BitSharws. The recent Heijn controversy made me read about it.

The idea looks interesting, I will register and will buy a few of these.

Thank you.

Thanks @steempower for sharing these amazing Bitshares updates.

In the Long run 5 years from now BTS has potential to be $300+, short term target of about 0.91 by Jan 2018. This is like bitcoin long time back, decentralized exchange will become big thing, I won't suggest buying it in tons but it is a good idea to buy for atleast $100 That is around 166 BTS and forget it for now. When you come back after 5 years this could be a gem.

Excellent post about bitshares, I really acknowledge your effort

This post is just plain awesome. An amazing amount of valuable information, compiled in a very readable manner. Thank you so much for this work and help.

I always enjoy looking at these cryptofresh charts:

You can see this chart and more at cryptofresh, look for the charts button on the left side of the page.

I think 2018 will be a big year for bitshares!

Bitshares showing good resistance against Bitcoins price drops.

Great post

Thank you again for this in depth look. Go BTS!

wow..really helpful post. Thanks for sharing friend.

Congratulations @steempower, this post is the third 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 37 and the total pending payments to posts in these categories was $4107.13. To see the full list of highest paid posts across all accounts categories, click here.

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I use bitshares exchange primarily now. I started off on gdax - but with only a few coins available to trade on there I wanted to try somewhere else.

Getting started on openledger was easy enough after getting used to the interface, which at times seems to be deliberately obtuse. After a week or two I realised that there was an actual bitshares interface and that openledger was a skin on top of it.

The main thing that made change from openledger to bitshares was the fact that openledger seems to have removed all the graphing tools, and and the graphs instantly reset after zooming into them - which is exceptionally annoying.

The wallets are interchangeable between the sites - just point the site to your wallet on your computer. Now I find the only reason to go to openledger is to use the gateways.

If it wasn't for new year, next week would be positive, me thinks. Alright, next week.

hey excellent, very good ..!

Wow, I never knew that this exchange was this good! Awesome! I just registered to it!

Its very excellent and great blog sharing @steempower.
Bitshare is interesting and minnow trading.

images (1).jpeg
Keep it sharing

Hey steempower, thanks for the great Content!

Thanks for the post. Looks like you did your homework.

Keep up the good work... Kudos

Great info! BTS to the moon!

a very great post.
but I would like to ask, what do you think about the decline in bitcoin prices this end. and how your prediction about bitcoin price in 2018, whether it is getting down or vice versa.
What is your opinion?

Hey @steempower, i downloaded the desktop wallet here: First link. I also created an account and got my password. I also wrote it down. Now my question: if my computer will be damaged or i will log in from another computer. Is the password and login name enough? Or do i need more?

Important info! Thanks for sharing...

hello, friend, I am new here, as I do to participate in the release that you do, thank you, I hope you will help me.

wow very useful..very informative..thanks alot for sharing :)

But the important feature we need is has not been fixed which is the gateway for both steem and steem dollars.

Very detailed, you have done some insane level of maths in this post and the graphs helps alot. Good effort.

bought some bitshares and i hold them now, hope it'll rise in price.

You are great, I always like your work because your work is very good.

I am pleased to say that trading on BitShares via a mobile browser works good now. An essential part of our 24/7 ‘always on the move’ economy.

2018 will be the year of the decentralised exchanges breakthrough.

this post is very nice..thanks friend...

This is a good initiative that allows transparency. Applause!

Nice, just signed up.

Very informative post. Graph 2 and 3 are really informative. people like me who are new really come to know many things

Very useful information,thanks for the post

This has to be the best steemit post I've seen. Thank you for sharing BTS is one of my biggest bags. There are some really good TA on here from it as well if anyone was one interested

@steempower can you think it will replace Big Exchange name Binance, Bittrex, etc ??

Wow! This is amazing. I think I have to sign in immediately

Many useful information in one post.That will help us in a good way.

great info. heard about BTS on Coast2Coast radio show. Next day I found out all I could about it. This post was very informative. Thanks!

This is some very useful info. thanks @steempower

Fantastic and interesting post greetings friend

Hey @steempower would you like to help me to understand about steemit and be good writer like you. Thanks🙏

youre post make me learn a lot

please follow and comment my post....

is it possible to add bitshares to the Indian exchange koinex? That would be cool

Great info regarding bitcoin

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I think it is the best exchange for its high demand in the we can see as always we can analyze the high percentage of people using it, good post very illustrative and explanatory, I send greetings from Venezuela I hope we can continue reading.

this is great

I upvoted and resteemed this post because it was very informative so thank you!

nice post im reasteemit this post

Great report! I see trend lines that make me all sorts of giddy.

What a great post. Thanks for sharing this vital information about Bitshares decentralized exchange. I think that we the steemians have benefited a lot from your post. Keep it up. I follow and upvote you.

has released a introduction to Python-Bitshares for any developers or anyone looking to interact with the Bitshares network via Python. You can find the very insightful article

This could be helpful
Am checking it out

Thanks for the great content

how your opinion or prediction about bitcoin development in 2018 will be.
whether it will increase or it will go down? @steempower

Secret of long-term success: good technologies rules! (not only the good markering)

Thats a great post,,
i am a big #fan of you,, ok

keep it up,,
i always #support you

Thank you @steempower

Congratulation! :D

Now is a great time to buy some BTS (Bitshares) the price is in a correction and should rise in the next days again. HODL :) It can be bought on Binance for Example, but make sure to store it in your BTS Wallet. Protect your Private Keys/ Password.

BarryDutton Barry Dutton tweeted @ 28 Dec 2017 - 20:58 UTC

Latest #Bitshares Weekly In Depth Network/Market Report is out by 1 of the key #CryptoCurrency $BTS Community Membe……

Disclaimer: I am just a bot trying to be helpful.

Maybe this article goes well here too:

I love the ITS guys info, hope you will too ;-)

You are great, you always bring good news .. I really admire and always support you, although I do not understand but I am very grateful to know you ... Thank you very much for all your kindness .. @steempower

I would love to try it but... I can not see the online exchange!!!

(Stuck here for a while now)

tried creating an account but it got stuck too... what am I doing wrong?

good information!

Awesome write-up!

what a calculation

follow me please @bilalchaudhary/best-wishes-on-new-year-little-bit-advance

Geez this is gang info.

we are very impressed to see such a long informative blog about bitshares

Pic 2 and 3 is informative thanks for share... Visit My Blog

Nice and excellent post

dear im new for steemit.. my full confidence you full soppurt and help me.. thanks dear

What’s even better is the CryptoBridge dex, which is basically a decentralised OpenLedger, worth checking both out; big things waiting for both in 2018! Not to mention, AriseBank...

great stuff as always, thank you for adding some of my work to this report :)

Great post! i'm very new in the world of bitshares and steemit, but you made it really understandable for me! Thanks!
Upvoted and Resteemed<3

Very nice post. Happy New Year

Please resteem or promote to finally a good witness that cares about this platform and isnt afraid to stand up to berniesanders....haejins followers upvote my posts and resteem....
.if your a whale or dolphin delegate to me your SP so i can stomp bernie aka justin for good...i delegated all my steempower to haejin already im weak4

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