Bitshares - State of the Network - 2nd January 2018

in bitshares •  10 months ago

Welcome to the 68th 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 - 2nd 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.

  • Boxing legend Evander Holyfield is teaming up with Cryptonomex in a full-scale Joint Venture to raise a billion dollars for humanitarian disaster preparedness. Together they will raise a million dollars for the cause and then grow it to a billion dollar endowment by promoting growth in BitShares during the remaining two years of this decade. More information HERE

  • Bitshares has reached a new All Time High (ATH) this week and has broken the 2 Billion USD market cap barrier

  • The Smartcoin market now exceeds 100 Million USD all of which is backed by BTS collateral. Current Bitshares collateral backing of the smartcoin economy is valued at over 393 Million USD; That is to say: for each $1 of face value in the smartcoin market there is currently $3.93 of value/collateral (BTS) backing that single $1 all of which is trustlessly secured by smart contracts running on the blockchain!

  • This week has seen good growth in the Bitshares smartcoin economy seeing BitGold supply increase by 68%, BitCNY supply increase by 40% as well as Ruble up 25%, BitBTC up 18% and USD up 16%.

  • Boxing legend and hall of famer Evander Holyfield has officially endorsed AriseBank. The slogan 'Join the biggest fight in history' has arisen from the partnership. Picture below.

  • BitXCD Eastern Caribbean dollar is now live on the Bitshares network. BitXCD is a unique SmartCoin, because it is not backed by BTS but by bitUSD, as a 2nd level SmartCoin. The Eastern Caribbean dollar is subdivided into 100 cents and has been pegged to the United States dollar since 7 July 1976, and the exchange rate is US$1 = EC$2.70 or 0.3704 US cents. Given the fixed exchange rate of this currency and the collateral backing being BitUSD, The collateral requirements have been reduced to 1.001. You can find more information HERE and the original discussion HERE

  • @ash has released the December Statistics for r/Bitshares a popular Bitshares subreddit on December has shown it has been the most popular moth with page views hitting an all new high which was 15% greater than the previous most popular month in June. Another impressive statistic is that unique visitors has almost doubled the amount registered in June. More information HERE

  • Bitshares committee members are currently voting on BTS-RFC 1.10.7232. This proposal is proposing a reduction in fees on the Bitshares network and also the reintroduction of the Annual Membership which provides the same benefits of a lifetime membership on a yearly basis.

  • This week i used a lesser known tool which help me export my whole account history to Excel. This tool was developed by Alfredo who is one of the Bitshares core developers. You can find this tool HERE

  • BTSBots used to let you run your own market making bot on the BitShares DEX, however it has been shut down now. BTSBots has been "revived" into another web-based bot called BitSharesBOTS. You can find BitsharesBOTS at Please be advised that parts of this platform a closed source and therefore you should assess the risks before using such a platform.

  • 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

  • This week’s Bitshares hangout recording has been published and is available HERE

  • Current registered wallets/accounts within the Bitshares network is 565704; an increase of 24681 wallets/accounts since last week

  • The last asset registered this week is asset #2677 and it is named 'LUCRAG’ registered by ‘wafflesnsyrup' with the description ‘Lucrative Gold is a Bitshares digital user-issued asset. We invest in low to moderate risk crypto platforms. Profits from investments will be exchanged to Bitshares (BTS). Our investors will get a monthly dividend based on, dividend per share. The minimum amount of LUCRAG to qualify for a monthly dividend is 100 LUCRAG. Dividends will be issued on OpenLedger DEX monthly in Bitshares to qualified holders. More info please go to : or LUCRAG is not a legal tender, and is not backed by the government. Please note that we are not responsible for any loss that occurs, or guarantee a monthly dividend.'.

Smartcoin issuance chart showing weekly change since the start of 2017

Evander Holyfield and AriseBank - Join the biggest fight in history

@Stan Larmier and Connie Willis cover the Evander Holyfield news

BitShares: r/BitShares December Stats - source


Beyond Bitcoin / Bitshares Talk - December 30, 2017

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 Supply2,606,533,773 482,072.000.02%
BTS Stealth287,458 1.000.00%
BTS in Open Orders (DEX - T250)5248279 -108.000.00%
Reserve Pool994,039,381 -482,176.00-0.05%
RP Accumulated fees37,401 -88.00-0.15%
Collateral (top 250) backing Smartcoins492359266 -955,223.00-0.20%
Top 100 Total1,088,503,135 -139,497.00-0.01%
Top 100 - minus Exchanges428,147,355 -187,115.00-0.04%
Exchanges660,355,780 47,618.000.01%
Non Exchanges1,946,177,993 434,454.000.02%

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
BTS2,606,533,7730.7992,606,533,773$2,082,071,600.75 0.018%
BTS Stealth287,4580.799287,458$229,618.41 0.000%
Reserve Pool994,039,3810.799994,039,381$794,028,140.61 -0.048%
Accumulated fees37,4010.79937,401$29,875.52 -0.235%
BitUSD27,687,6141.19833,169,762$26,495,654.61 16.606%
BitCNY501,229,9590.182691,524,591$73,108,874.57 40.309%
BitEUR118,7301.444171,446$136,949.35 0.892%
BitBTC51.218,781961,587$768,105.68 18.794%
BitGold1921,567300,864$240,326.98 68.717%
BitSilver20,96720.37427,098$341,161.20 1.324%
Ruble13,082,2730.02097274,335$219,136.11 25.165%
HERO2,741201.4552,037$440,961.63 1.858%

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)
xeroc39216249.6 0.1
openledger366427165.3 -0.3
still23217104.7 -0.1
laomao35415.4 -0.1

Active Witnesses

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

RankWitnessVotesMissedMissed W/W
1in.abit 1.6.35 894.6711
2 witness.yao 1.6.71 8253557
3 witness.still 1.6.69 812.39190
4 xn-delegate 1.6.59 797.32821
5 bhuz 1.6.17 78915771
6 roelandp 1.6.74 775.430
7 delegate-1.lafona 1.6.28 7084396
8 xeldal 1.6.22 697.322581
9 crazybit 1.6.84 673.14592
10 rnglab 1.6.45 659.620802
11 elmato 1.6.20 627.6428314
12 abc123 1.6.65 6001274
13 openledger-dc 1.6.76 581.16131
14 xman 1.6.64 568.91642
15verbaltech2 1.6.34 537.43848
16delegate.freedom 1.6.63 529.54861
17 blckchnd 1.6.75 519.29212
18 sahkan-bitshares 1.6.73 503.794042
19 billbutler-witness 1.6.92 427.6781
20 delegate.ihashfury 1.6.26 410.9869
21 delegate.taolje 1.6.38 406.143502122
22 delegate-zhaomu 1.6.98 393.70
23 banxio 1.6.52 355.90
24 plkj 1.6.66 355.80
25 bts-bitshares-argentina 1.6.33 354.529

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 %
3poloniexwallet83,075,2050-376,435.00 -0.45%
5zbbts61,046,3700575,075.00 0.95%
7binance-bts-132,827,963073,014.00 0.22%
9yun-bts15,495,2100-5,032.00 -0.03%
11binance-bitshares-gvbdb84k6h13,628,7590-219,004.00 -1.58%
14a2dcdf323a8a576408f62604b17a8a5211,985,8340-3,110.00 -0.03%
27coinegg-main7,185,1040-42,091.00 -0.58%
52bitcoinindonesia4,340,0540-8,059.00 -0.19%
53bts4lan4,239,9970-42,353.00 -0.99%
75swipetoken8882,950,0040-50,001.00 -1.67%
82zbsend2,757,9350-41,501.00 -1.48%

Thanks for viewing :)

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I have followed you

Hahaha! That Evander Holyfield announcing Bitshares! Time to knock out some crypto in the way to top 10. More power to Bitshares!



100% Huge news and a noble cause. As it stand it is not officially announced yet. @Stan has suggested the announcement will come at an upcoming event in Atlanta as this was considered an informational sharedrop.

hoping for a TKO!


Hi @steempower ! I was wondering if you were able to check my comment below (about 15 comment below this one). It is a huge comment in size, perhaps larger than a general size of a blog post.
Some feedback from you on it is greatly appreciated!

Regarding the news about Evander Holyfield promoting Bitshares, its an added super power to its marketing. Something we did not have on bitshares, steem or eos yet, and even without promo, the big 3 are doing huge growth. It will be really crazy when some marketing comes in.

Speaking about the 11 Chapter full Steemit guide, I was wondering your what do you think about it, and what feedback can you give me to improve it even more.

I will mention a lot from you in the future chapter about Steem a part of a larger ecosystem, were I speak about Bitshares!

Here is what Chapter 5 I posted yesterday is about, and a link to it:

Chapter 5 of 11: Learning some of the many "Other ways to Earn Rewards on the Steemit Platform & Steem Blockchain" - This is part 5 of the 11 Chapters (Full Guide) to help new people make their way on Steemit

Looking forward to hear from you, in any comments section, of this or any chapter! As I told @blocktraes , your knowledge and experience together with @lukestokes @timcliff @starkerz @stephenkendal has been inspiring me to continue with the series, and even add more value and additions to it.

Regards, @gold84


Waves was already Knocked out! They say they are the fastest. . . Fastest bluffers! Haha! There are more overvalued crypto in the top 20. Cough* Ripple!


Wow... I have never seen such a Complicated
Post before...Makes mine look like Childs Play...

COIN MAN by @pocketechange


And i got in late, anyways, no regret so far!


very huge news for all steemers
thanks for joining me in steemit
thanks to MR.karthikeyan9329


growing and growing, extraordinary, let alone there is evander holyfield

It's frikken fantastic to watch it grow. Smart coins through the roof, record high reserve fund, explosive account creation.

And to top it: the network has been snappish today.


Smartcoins are my favorite metric because i know they are all backed by BTS as collateral (as of today nearly 400% backed) and they are such a valuable resource in the crypto world.
Once we have more adoption on what in my opinion is the best form of stable value crypto currency on the market, more BTS will need to be locked up to support them which will lower circulating supply which should have positive effects on the price which then will unlock more collateral for creation of more smartcoins -> what a great positive feedback loop

Thanks to you, I bought them and now I'm in plus. So thank you :)


Really great to hear man :) Welcome aboard!

I am hoping you have had the chance to checkout the platform and explorer the wallet and realize the flexibility and massive potential of the Bitshares network especially in a market where traditional exchanges are being forced into tighter regulation and limitation on their users.


After reading your posts and doing some research I definitely think it has potential. That is why I invested part of my life savings :)

Good to see Bitshares making strides and kicking in doors.

Immortal Bts!)

best time of the week is the Bitshares state of the network. :)

So long article. I can not read but thank you. :)


lol - A+ for honesty


Thank you. But I can find time I will read :)


I am laughing at this reply and comment on the length hahahahahaha!!!!

Just made my day.

@steempower Happy Holidays! This are all great news for Bitshares. Smartcoins are growing in amount and types, which is great! More people start to believe on the network. I still think that Bittrex delisting it, was more good than ad, because Bitshares is now more powerful than ever, and it has went to double marketcap from the time it was with them. Bitshares is the decentralized exchange for excellence, and its the future for crypto exchange when governments start going thru centralized exchanges to try to control people money.

With all my research for the 11 chapter full steemit guide is that I find you, and I am following and reading all your posts, because I am with Bitshares, Steem and EOS. This are the big 3, the dream team of cryptos! Each of them are disrupting in their specific industries, plus they do much more, and act as banks, and do much more, by empowering people, and giving speed of light transactions. This are simple creations of the super smar and brilliant visionary @dan .

Going back to the 11 Chapters full steemit guide, I wanted to give you a big shout of appreciation for your support in Chapter 2 about the wallet! Thanks to you and @blocktrades , @lukestokes , @starkerz , and many other people on the platform, is that this Chapters are being reached by the most amount of people/hands, and I am receiving great comments on this.

I was wondering if you were able to read a bit of Chapter 3 of 11, and Chapter 4.

Your thoughts on them, comments, ideas, and support will always be very welcomed by me, and many other new visitors, new steemit users and minnows that will get this materials, and will be able to understand as much as possibe of steemit and the steem blockchain, think about the ways they can add value to it, and thus help them make there way on the platform.

Here are the links to the 2 new Chapters 3 and 4:

Chapter 3 of 11: Understanding Where the Funds from Upvotes come from, Focusing on Steem Power & Reward Pool - This is part 3 of the 11 Chapters (Full Guide) to help new people make their way

Chapter 4 of 11: Understanding How to Keep our Steemit and Steem Cryptocurrency Account Safe - How to Use the 5 Different Passwords - This is part 4 of the 11 Chapters (Full Guide) to help new people make their way

Again, thanks a lot for your huge support! And anything I can be of your help please let me know.

Looking forward to hear from you with your additions, knowledge and experience in any of the Chapters!

Regards, @gold84

Hi @steempower ! A question here about Openledger-dex . Since you are more than an expert about Bitshares , I was wondering if you know someone from Openledger-dex that could help me. About more than a month ago, I transferred 68.56 STEEM (dec 12th 2017) from my Steem wallet to Openledger, so as to sell it for BTS. The problem is that I made a mistake and entered the SBD address from, the one Openledger gives to my account (instead of the STEEM address). I have made a support ticket and they still did not return my funds, even when its so easy to see this on . And I gave them the link a month ago.

I know this may not be a lot of STEEM for some people, however, its a simple mistake many people do, and I believe it can't take this long to have them give it back.

Hope you can help me with this, or at least now someone that could help me and other people with similar situations on the Openledger-dex.

Regards, @gold84

Thanks @steempower for sharing these amazing updates of a great DEX platform... Transactions volume of Bitshares is steadily on the rise which will ultimately boost the BTS prices up dramatically, I am very bullish on it.

Thanks! I look forward to these, time to stock up on BTS!

2018 will be a big year for bitshares!

Join the biggest fight on history

These guys have the best slogan ever, Lol.

If you want to stay in the loop all you have to read is this blog. Thank you!

Your research has strong statistics.

highly sophisticated theory...though I think steem will beat bitcoin in future.

30 minutes post $ 300 that's nice

hopefully bitshares have an eos type run this year

Good news

great post.thanks for sharing

Thank you very much for sharing your analysis with us.
Create and test account

thanks for this info sir :)

I just followed you cause your posts seems to be informative post you

can find similar crypto news on my steemit that might be productive

for you too...

Thanks, dear, for this awesome post to share with us.
I am really impressed after reading this whole post. You have very good writing skill and I am really enjoyed your post......

When our Indian exchange failed us, bitshares was the only place I could think of and transferred all my coins to bts and open Eth. Thanks to bitshares


Great story.

I was waiting all day for your 'state of the network'. lmfao evander pic!

thanks for sharing excellent analysis

Nice subject

Little by little I have begun to understand with what you preach but I have not dared to start because I have not really understood this yet .. but I always support what you do ... Thank you very much for your support to me.

Wow thats big .i mean the boxer .hes doing something honestly we should all be proud of .crypto is gonna change people lives .im just so amazed at it everyday .i dont know why .it still awes me upto today.the current main economic think tank of capitalism .the ruthless type is loosing strenghth .in a way i feel mankind has moved a step .a huge step.i feel it may be compared to amstrong on the moon

Good analysis, Thank you.

Appreciate your work and facts presentation!

Good sharing for beyond bitcoin....
I think this one is the best...
Success is always for you @steempower...

this post very nice..thanks for sharing this post.


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Network Teams Spend More Time on Data Security Amidst New Threats
Over 1,000 network pros weigh-in on the increasing involvement of network teams in data security issues.

Thank you so much your report is wonderful i like that

haha, if Evander Holyfield thinks it's good, i'm all in ! (-:
cryptos are on fire just about wherever you look .. !


CSD, it is nice to see after those deep corrections.

Great gif there hahahaha!!!


You got it BD / peace

Glad I grabbed some shares then. This all looks promising.

I really appreciate your Bitshares reporting. It is so comprehensive, and fresh every time!

I cant log in to my open ledger account, any help @steempower

Welp. Another faster Bitcoin has arrived. But definitely altcoins have been making a play at total market share (see LTC, ETH, XRP, BCH etc.). Waiting to see where this goes 👀

Thanks for sharing @steempower.

What an eventful week for Bitshares, with Evander Holyfield on the train, I am coming on board.

Muy buena informacion...exitos...

You were so detailed with your analysis, thank you

Great article's very informative..will resteem it..

Very good post thanks :)

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 45 and the total pending payments to posts in these categories was $5167.95. To see the full list of highest paid posts across all accounts categories, click here.

If you do not wish to receive these messages in future, please reply stop to this comment.

A friend of mine has issued a challenge, turn 20 GBP, 20 EUR, 20 USD or whatever your native currency it into as much as you can by playing with the crypto markets.

See more details here:

thanks for shereing information @steempower

Bitcoin is 9 years old today, happy birth day bitcoin

great Steemit article Post!!!

This is awesome. The blockchain has come such a long way and BitShare has been at the forefront. LUV it.

Wow... Great Stats.. Big ups to @Steempower
great break down!.. Cheers!

Together they will raise a million dollars for the cause and then grow it to a billion dollar endowment by promoting growth in BitShares

Wow! This sounds very promising for BTS.

Thanks for the update!

Best regards.


Noce post good. Poat

Bitshares are on the tear of a lifetime!

Hi ! friends , i need lil favor from your side your one click can help many needy childs. Do upvote please

thank u so much @steempower good analysis

After seeing all this massive content you managed to provide i still must stay to think more about expressing my taughts here . But things are how they are and there are moves we can do just to improve what we already have .
I am impressed with the effort you gave in order to take this to our knowledge .
Keep on steeming .

i think that investing in bitshares is little crazy thier Circulating Supply
2,606,600,000 BTS so that means price will go down

Truly informative ! I have few !!
Thank you so much for your efforts my friend !!

Wish you Happy New year 2018 !

Esta muy bien elaborado, que sigas con tu exitosos post

@steempower that's nice very well work awesome

I heard so much trash talking about bitshares but they keep doing well. Evander being on board is great news

Thank You @steempower for that great information!

LOL! That Evander Holyfield announcing Bitshares! Time to knock out some crypto in the way to top 10. More power to Bitshares!

Great Analyst Gona follow You For More Such Informative Things From Your Side

Congratulations @steempower!
Your post was mentioned in the hit parade in the following category:

  • Pending payout - Ranked 7 with $ 725,6

lol....too much low :P

sangat bagus info steemvoter

Thank you for this amazing detailed report!

Please, stop advertising AriseBank. That shit is a scam if I ever saw one. It's gonna hurt Bitshares :(

growing and growing, extraordinary, let alone there is evander holyfield

Thank you for your time in compiling this amount of information in one place. @steempower

Woww 😮😮😮

thank you for the info, please help me to be more advanced and developing @ steempower

Hard work as always. Love the effort.. I really do. I went viral tonight on my post.. but... well. Not much to say....

We're still having MAJOR trouble understanding the difference between OpenLedger exchange (DEX) and BitShares DEX (exchange). What's going on here? Why would there be two seperate entities using exact same software? We aren't sending any money to OpenLedger for two reasons:

#1 Withdrawal fee
seems to be rather large, especially if you deposit Steem and then try to withdraw Steem back to the Steemit Steem wallet. Anywhere from like 7% to 30% from our tests.

#2 Confusion
Is BitShare exchange for real? Or is it some 3rd-party named site which tries to get OpenLedger passwords? Kinda hard to trust the whole system when it's so confusing.

If we get these questions answered, we'll have more interest, but until then we'll just loosely follow along.

A very good suggestion

Thanks for sharing this nice post. Would you please look at my post?

@steempower There are more overvalued crypto ;-)

very nice info on his steemvoter.
steemvoter one of steemvoter fans

How can I buy steem power can anyone please guide me?

Hello @steempower, I just made a bitshares account using you banner..and I am a new citizen of BSotN. I hope I can trade there.

Regards from Indonesia.

Hey @steempower i know this question is unrelated to this article but im hoping since my question is about steem power someone may be able to explain how this works. I have been here for just over two weeks and in tha time i have become very enthustiastic and have started a movement of peole following me in. In fact ive created a team that shares my vision on what I can see here. What i dont understand is after buying some steem power and not that much it went from 15 to 17.1 but within 24 hours it went back down. Im trying to make sense of it. Could it be because I upvoted a trending post as it just appeared. Any help would be great as my plan was to really work hard at this so im not sure what im doing wrong. My goal is to head towards 100 steem power before cashing anything out.

nice post, I bought them and now I'm in plus. So thank you :)