Bitshares - State of the Network - 28th August 2018

in bitshares •  3 months ago


Welcome to the 98th 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 - 28th August 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.

  • BitShares Core version 2.0.180823 has been released. This release is the first release which add's support for Ubuntu 18.04 LTS as well as some Improvements, security fixes and api changes. You can find more information HERE

  • @clockwork has open sourced the proof-of-concept code for Beet, The Bitshares Companion application. He has given it the name (Beet), MIT-licensed it and transferred it over to the BitShares github. The current code is for the ALPHA proof of concept release. You can find more information HERE

  • @cm-steem has released a draft BSIP 'Backing a Market Pegged Asset with multiple assets as collateral'. The focus of this BSIP is to allow multiple assets as collateral backing for an MPA. You can read all the details and provide your feedback HERE

  • The 'Bitshares Community 100 Cities 100 Stores' started by Guo An has reached 45 physical stores in China. The program aims to promote the unity, love and mutual assistance of the members of the BitShares community, by providing offline meeting places at various cities. More information HERE

  • @alexpmorris has released a HOWTO Encrypt and Decrypt BitShares Memos in Either JavaScript or Java guide. The guide provides information around the process and the code to get the job done. You can find more information HERE

  • Spark has released an article 'How True Decentralised Exchanges Work'. The article features the new SparkDex and focuses on 3 key concepts Fund management, Order books and Crypto transactions. More information HERE

  • Kevin Messerly has done an interview with Jenn Nelson and Mr. Rose from the Crossing the chain podcast in and episode titled 'Bitshares: King Of The DEX (with guest Kevin Messerly)'. You can find the podcast link HERE

  • 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

  • Current registered wallets/accounts within the Bitshares network is 1066828 1071589; an increase of 4761 wallets/accounts since last week

Smartcoin issuance chart showing weekly change since the start of 2017

Beet - Bitshares Companion application - source

SparkDex trading interface - source

BitFest Amsterdam - 21st to 23rd of September 2018 - 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 Supply2,654,452,625 1,666,793.000.06%
BTS Stealth285,272-0.00%
BTS in Open Orders (DEX - T250)12698261-0.00%
Reserve Pool946,120,529 -1,666,793.00-0.17%
Collateral (top 250) backing Smartcoins466,709,298-0.00%
Top 100 Total1,484,160,236-0.00%
Top 100 - minus Exchanges716,624,871-0.00%
Exchanges767,535,365-0.00%
Non Exchanges1,886,917,260 1,666,793.000.09%

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
BTC0.000016540.1161382632,999,918.743,832,553.2348.9%70.5%
USDT0.116449310.1230,961,257.583,604,952.9345.9%18.0%
ETH0.000390830.1139133,012,660.04343,181.154.5%8.0%

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, Bridge.BTC and Open.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
BTS2,654,452,6250.1117296,608,536$296,608,536.32 0.063%
BTS Stealth285,2720.111731,876$31,876.290.000%
Reserve Pool946,120,5290.1117105,719,508$105,719,507.91 -0.176%
BitUSD10,392,2858.9593,010,951$10,393,043.64 -0.461%
BitCNY138,275,6511.313181,555,930$20,287,059.59 1.773%
BitEUR76,36610.5801,843$89,597.94 -0.017%
BitBTC50.761,8683,136,708$350,495.710.000%
BitGold189.410,7612,038,133$227,741.030.000%
BitSilver21,761132.82,889,861$322,913.050.000%
Ruble6,780,2550.1328900,418$100,612.69 -0.702%
HERO7211,4781,065,638$119,074.39 -0.552%

Active Witnesses

This section will track top 30 active witnesses and the changes in support

RankWitnessVotesMissedMissed W/W
1in.abit 1.6.35 720.97942
2bhuz 1.6.17 6801942
3 abc123 1.6.65 677.11428
4 verbaltech2 1.6.34 6704135
5rnglab 1.6.45 648.223992
6 elmato 1.6.20 6484483
7 xman 1.6.64 646.51854
8 sahkan-bitshares 1.6.73 645.815646
9 xeldal 1.6.22 642.82825
10 witness.still 1.6.69 640.79423
11fox 1.6.16 631.446942
12roelandp 1.6.74 6311473
13xn-delegate 1.6.59 626.83713
14blckchnd 1.6.75 626.710321
15 bangzi 1.6.116 574.8401
16 delegate-1.lafona 1.6.28 565.250031
17 crazybit 1.6.84 564.87783
18witness.hiblockchain 1.6.105 547.17573
19witness.yao 1.6.71 544.24058
20magicwallet.witness 1.6.110 542.91431
21delegate.freedom 1.6.63 542.849951
22 openledger-dc 1.6.76 531.28123
23 clockwork 1.6.117 521.1103
24gdex-witness 1.6.120 475.780
25 zapata42-witness 1.6.129 433.322
26 winex.witness 1.6.101 422.211663
27 delegate-zhaomu 1.6.98 401.91486
28 btspp-witness 1.6.131 388.422
29mr.agsexplorer 1.6.24 285.39130
30delegate-clayop 1.6.27 253.15200

Thanks for viewing :)

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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! :)

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Cheers for the shout out - Check out the Github discussion 👍

I'd appreciate any questions or suggestions regarding the BSIP.

Keep up the great work with these reports @steempower

BitShares grows from strength to strength. Great report and round up of all the important happenings. This is the best and only original BitShares weekly report!

Thanks for this great data... It's so comforting to see the stats and ongoing health of the Bitshares network.

It's a very busy network.

I've been waiting for that BSIP to be proposed for years! So happy it's finally coming to the DEX. 3x collateral backed by more stable assets backed by 3x collateral? I don't think people understand how much this will increase the value of Bitshares - both in price and its proposition.

Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
BTCBitcoin7105.333$0.79%7.28%
BTSBitShares0.121$6.31%12.89%
ETHEthereum295.963$2.36%4.46%
USDTTether1.000$0.11%-0.13%

Nice work. Please keep going!

What happened to the number of accounts holding bts off exchages graph tho?

You have written this exceptionally well which you every time. I love your content and want to read your every post.

BitCrab suggested to add “Price Feed Quality Assessment” column for voters to access the quality of the witness's price feeding especially the quality of implementing BSIP 42: Negative Feedback Mechanism
https://bitsharestalk.org/index.php?topic=26354.msg321722#msg321722