Bitshares - State of the Network - 2nd May 2017

in bitshares •  2 years ago


Welcome to the 33rd 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 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.

  • The Bitshares committee members have proposed a reduction in network fee's in order to offset the recent increase in market price of BTS. The fee reduction proposal is based off the fee structure discussed HERE. You can view the proposal and the current approval rate HERE and a new forum thread has been started HERE to aid community discussion.

  • Dan Larimer is scheduled to do an interview with Alex Sterk from 'Blocktalk', This Thursday 4th May at 8PM EST; The topic of the talk is Graphene technology and how it is being utilized by Bitshares and Steem. You can keep an eye on the following pending live stream

  • Dan Larimer has posted information regarding a new project he has been working on called EOS; Full details will be unveiled at Consensus 2017 (22nd-25th of May - NY). So far limited information has been released; but from the original post we can see that this project is a platform designed for parallel execution of smart contracts and will have a native token; distribution model seems to be a new approach as well. View the original post HERE and follow @dantheman as more details maybe released before the event.

  • Dan Notestein (@Blocktrades) from Blocktrades.us has announced they are shutting down their gateway services and handing operation of these gateways to OpenLedger who will continue to operate them for on/off ramps of Open.Assets on the Bitshares network. Blocktrades will continue operating their cryptocurrency bridge services allowing users to seamlessly exchange from one currency to another. See the official announcement HERE

  • Another week and BitUSD is still worth 1 USD - Fun fact: did you know that as of yesterday $1 USD worth of value in (BitUSD, BitCNY, BitEUR, BitBTC, BitGOLD and BitSILVER) is on average backed by $4.14 USD worth of BTS collateral!! That is to say that on average for every $1 USD worth of smartcoin value there is 4x the value in BTS collateral locked on the network by a smart contract. This collateral makes up 16.7% of the total available supply of Bitshares and that percentage is growing.

  • Bitshares newest witness @roelandp has developed a witness monitoring tool. The tool shows current witnesses, blocks missed and published price feeds; Updated 3 times per hour it is a great way to get a quick overview of witness data!. Roelandp's original post can be found HERE of your can visit the Bitshares witness log directly HERE

  • Peerplays this week announced the release of their new sports betting website http://bookie.exchange/. When the platform is live, Bookie will allow users from anywhere in the world to bet of the outcome of sporting events with 100% transparency and provable fairness. Peerplays have also announces a casting call for witnesses; all information is presented in a youtube video which you can find HERE. To hear the full update from the team be sure to check out the latest Beyond Bitshares hangout

  • @bitspace from the BitGate team have posted some comments and pictures from the recent OSLO blockchain day which they helped sponsor. Some of the core Bitgate team was in attendance with Advertising, Flyers, Presentation and a spot on the panel. I have included one of the pictures below but you can check out the full post HERE, They have also recently posted a great new promotional video which can be found HERE

  • Ronny Boesing (@bloggersclub) Founder of OpenLedger has presented 'The Beginners Guide to Blockchain, Bitcoin, BitShares and OpenLedger’ to the students of University College of Northern Denmark (UCN) on April 28, 2017. The Students also received some free cryptocurrency as part of the presentation to help start them off on the right foot. you can read more details and see the presentation HERE

  • @scythian has made a great post regarding Bitshares, Smartcoins a look at a couple of Market Making/ trading bots and a full tutorial of how you can get started (for free!) with the BTSBOT Marekt Making platform / Trading bot. See his full post HERE

  • In a recent article by Tech Crunch titled 'What’s keeping cryptocurrencies from mass adoption?' Bitshares had a few mentioned as was touted as having a 'solid community'. This was also supported in the comments with a number of users discussing bitshares and helping field questions and educate other users. You can view the article HERE

  • After several months of work on the Russian gateway into BitShares ecosystem and infrastructure operation, Blockchained team has written a witness proposal. You can read the proposal's English version here, or the Russian version here. If you would like to support their efforts vote for the Bitshares witness 'blkchnd'

  • Bitshares witness verbaltech2 (@full-steem-ahead) has published his monthly Bitshares witness report; This update @full-steem-ahead discusses hardware upgrades and well as price feed and software upgrades. Great to see the visibility/transparency being displayed by these updates. Please see the update HERE

  • Embermine (@embermine-drake) have announced that the re-launch of their Ember token sale to support the ongoing development of their platform has been set for 5 May, 2017 at 5:00 UTC. you can see the official announcement and learn more about the crowdsale HERE

  • Ronny Boesing (@bloggersclub) Founder of OpenLedger is Hiring, Openledger is looking for country ambassadors worldwide who can officially represent our projects (current and future) to their local blockchain and business environments. Think you have what it takes? Check out the his call for applications HERE

  • Coinmarketcap has updated their back-end processes in relation to BitUSD and are now accurately depicting the Market Cap/Supply of BitUSD in the Bitshares network. As i am writing this the current supply is $685,078 USD. You can view the BitUSD asset page from CMC HERE

  • @cm-steem has created a post regarding Gridcoin, Bitshares DEX and his experiences with BTSBOT and providing liquidity to a number of markets and making some profit in the process. You can view his post HERE

  • This weeks Bitshares hangout recording has been published and is available HERE

  • This weeks Beyond Bitcoin hangout recording has been published. This week had talks from @peerplays @good-karma @peerity-io @Intelliguy and @virtualgrowth you can find more details and last weeks recording HERE

  • Current registered wallets/accounts within the Bitshares network is 166916; an increase of 1215 wallets/accounts since last week

  • The last asset registered this week is asset #1359 and it is named 'TATCHCOIN' registered by 'ttch' with the description 'Tatch Capital Limited Coin tatchcapital.com'.

BSotN Russian Style - Thanks to @blockchained for continued effort in translations.

@bitspace - Christian, Ivar and Manuel from the BitGate Team at OSLO Blockchain Day

Smartcoin growth from that start of 2017

Smartcoin and Collateral Statistics

Bitshares Twitter Stats

Thanks @fav for providing twitter statistics for the month of April.

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 Supply2,598,564,153 1,305,066.000.05%
BTS Stealth266,871-0.00%
BTS in Open Orders (DEX)15128222 -2,591,311.64-14.62%
Reserve Pool1,002,014,489 -1,305,066.00-0.13%
RP Accumulated fees24,073 10,941.0083.32%
Collateral (top 250) backing Smartcoins417764919 12,687,944.003.13%
Top 100 Total1,339,476,954 -6,723,597.01-0.50%
Top 100 - minus Exchanges528,857,862 1,487,127.640.28%
Exchanges810,619,091 -8,210,724.65-1.00%
Non Exchanges1,787,945,062 9,515,790.650.54%

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
BTC0.000009970.01456262116,407,932.851,695,204.8166.56%64.2%
CNY0.100979380.0146451258,470,235.07856,303.5333.43%74.8%
USD0.01550.0155658.0610.19990.00%-89.6%
GBP0.010.016355871101.79910.00%
WAVES0.01750.01062664000.00%
EUR0.010.00599093000.00%

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 BTS, CNY and USD

Smartcoins

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

AssetSupplyPriceMarket Cap BTSMarket Cap USDSupply Change W/W
BTS2,598,564,1530.014590212,598,564,153$37,913,596.69 0.0496%
BTS Stealth266,8710.01459021266,871$3,893.700.00%
Reserve Pool1,002,014,4890.014590211,002,014,489$14,619,601.82 -0.1283%
Accumulated fees24,0730.0145902124,073$351.23 -2.27%
BitUSD649,6006642,873,600$625,534.83 5.47%
BitCNY5,808,1419.6255,874,316$815,218.01 24.80%
BitEUR83,244725,993,568$87,447.42 134.55%
BitBTC46.894,1984,408,466$64,320.45 10.90%
BitGold13.2883,1731,104,537$16,115.43 6.29%
BitSilver2,7171,1253,056,625$44,596.80 12.34%

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
bitshares-munich267190
compumatrix1214526
jianjolly-017430
btsabc57230
openledger5140
fav3572
cryptofresh3413
gn12518
ccm20152323
cryptocurrency31996
sdr1887
by24seven1852
xiangxn1682

Vote Proxies

This section will track the change in proxy voting

AccountOpinionsFollowersWeight (M)Weight Change (M)
xeroc33169250.8 -5.7
bitcrab6626208.2 13
laomao35379.5 4.9
baozi246368.5 17
bitshares-munich-wallet71330.3 -0.1
yao273323.3 6.6
btsabc602220.9 8.8
jonnybitcoin342012.7 0.7
abit4423512.2 1
fav153911.2 2.1

Committee Members

This section will track shareholder approval of committee members

AccountVotes (M)Votes Change (M)
bitcrab791.3 30.1
abit745.4 17.6
chris4210735.7 14.9
bhuz706.7 16.5
xeroc645.7 11.8
clayop637.4 11.2
bunkerchainlabs-com594.2 46.4
ebit440 11.5
openledgerdc382.1 35.9
harvey-xts337.1 13.9
fav317 9.4

Active Witnesses

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

RankWitnessVotesMissedMissed W/W
1in.abit 1.6.35 836.7133
2 bhuz 1.6.17 808.51093
3 delegate.baozi 1.6.37 792.610201
4 fox 1.6.16 786.228996
5 witness.yao 1.6.71 785.53115979
6 wackou 1.6.18 785.41271
7 rnglab 1.6.45 777.112772
8 verbaltech2 1.6.34 772.812014
9 xman 1.6.64 768.811417
10 jerryliu 1.6.72 76127502
11xn-delegate 1.6.59 735.622882
12witness.still 1.6.69 709.88325
13xeldal 1.6.22 634.21045125
14roelandp 1.6.74 624.70
15 datasecuritynode 1.6.49 608.55546
16 abc123 1.6.65 606.4841
17 sahkan-bitshares 1.6.73 588.4152
18delegate.freedom 1.6.63 493.835733
19harvey-xts 1.6.23 484.75107155
20 delegate-clayop 1.6.27 441.53350
21 delegate.ihashfury 1.6.26 429.7868
22spartako 1.6.15 419.4968
23elmato 1.6.20 404.13006
24mr.agsexplorer 1.6.24 396.9824
25openledger-dc 1.6.76 382.80

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(include orders)OrdersChange W/WChange W/W %
1poloniexcoldstorage290001202.90-0.00%
2bitcc-bts-cold226419023.10-0.00%
3poloniexwallet151107123.80-28,849,444.36 -16.03%
4yun-bts39318575.09022,459,094.21 133.21%
5yunbi-cold-wallet35003434.680-0.00%
6bittrex-deposit34804901.030-2,911,332.90 -7.72%
7stan20618873.650-0.00%
8aloha19581146.18019,481,146.18 19481.15%
9bitcc-bts16188853.9809,540,008.96 143.48%
10btercom13049112.070-0.00%
11aboy12285703.260-3,317,367.36 -21.26%
12evan12118147.130-0.00%
13cass11440165.640-0.00%
14abit11338200.150000-1.80 0.00%
15mcxcwbts10818456.840-0.00%
16crypto-maniac10613396.970-0.00%
17hnnr810471001.860-0.00%
18bitshares-munich-wallet10450425.4011,860.39 0.11%
19invictus9815144.3430-0.00%
20jiny29443640.1650180,000.00 1.94%
21virtual-ventures9318078.0110-0.00%
22tsuratsura-35578936507.6660-5.98 0.00%
23roje8850429.5780-0.00%
24ibilitlan-scoltock8673958.4110-0.00%
25coldstorage183000010-0.00%
26comp68144303.7120-0.00%
27cievia-waugaman7990213.2510-0.00%
28bc-godpay7563436.0580-0.00%
29graphene20157492758.4880-0.00%
30haeassa-granovsky7431931.3530-0.00%
31tomotomo7016825.010-0.00%
32prebuffo19706599658.2790-0.00%
33abinia-rivard6550562.9540-0.00%
34onceuponatime6450888.460821,847.07 14.60%
35millibit536234726.3806,134,726.38 6134.73%
36keebler-kahn6202386.5290-0.00%
37ubris5900000.0490-0.00%
38alexna645869988.9390-0.00%
39pay.xeroc5785155.8480-0.00%
40dev.bitsharesblocks5776916.435679522.0174-0.00%
41fericia-brick5766622.7270-0.00%
42btszhqxf5734711.50-0.00%
43miso695478228.7370-0.00%
44linhan5425094.7210-0.00%
45cadord-ozois5423173.4090-0.00%
46spring5376984.0660-0.00%
47bts-morning5372840.0090-0.00%
48bristolbay5325003.6720-0.00%
49xhunter5233238.270-0.00%
50ddd5555211720.71105,111,720.71 5111.72%
51jeraud-kanze5172698.4870-0.00%
52laow5057708.8210-0.00%
53ccedk.escrow25000289.9630-30,002.80 -0.60%
54jonnybitcoin4999999.9180-3,999,998.20 -44.44%
55synergy34787111.810211,211.42 4.62%
56geravia-mackinnon4777690.6350-0.00%
57bterdeposit4726864.62701,332,550.12 39.26%
58mybak4709247.3340-0.00%
59satoshi-pie4622791.1810-0.00%
60bts884527498.8640-0.00%
61tyrone-shoelaces4461958.8090-0.00%
62impseu14432046.440-0.00%
63multisig-worker-2017-014356519.5270-0.00%
64btsxzzh24348432.460-0.00%
65blocktrades4243038.5716677.33872-349,794.00 -7.62%
66slim4153504.0290-0.00%
67ironbank4144946.0988000-0.00%
68quonael-lievesley4087235.190-0.00%
69tkoba994034034.1731558.846-0.00%
70goodc0re4000002.10-631,836.80 -13.64%
71elendasa-benjamin3925769.8730-0.00%
72wesley-waugaman3921027.3410-0.00%
73hermes33832194.9010-0.00%
74jaehyuk3627054.3850-0.00%
75smartass3569171.7070-0.00%
76abc20003502556.61701,192,070.57 51.59%
77laplap53493800.1790-0.00%
78mike-primorac3479329.4530-0.00%
79koocaa3453196.4180-0.00%
80nethyb3442787.3750-0.00%
81bitcoinindonesia3371335.080-114,368.11 -3.28%
82scottmclane3251127.4760-0.00%
83bafohald-degeorge3189865.9470-0.00%
84wind-flower3174191.3230-0.00%
85lzr19003113773.8980-786,231.08 -20.16%
86mcxcw3103908.7020-106.16 0.00%
87null-account3011944.7660-0.00%
88gamma-rabbit3000739.2180-2,272,707.01 -43.10%
89anonym72972988.9980-0.00%
90profoot2949982.1080-0.00%
91ptschina2888764.6750-1,220.57 -0.04%
92chryspano2840887.1870-0.00%
93ccddd28000000-0.00%
94mostar2751784.3830-0.00%
95cnfund2697437.363236191.7047-14,233.67 -0.52%
96rice1232692321.95301,182,545.96 78.33%
97root2652843.3690-0.00%
98douglasriese19942642911.2060-0.00%
99rand12586346.830-0.00%
100bang-king2570419.4630-0.25 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

New to Bitshares? Need an Account?

Please support my efforts by using the banner below to create your account.

Best part is at anytime in the future If you decide to buy an LTM (Lifetime membership - which gives you an 80% reduction in fees and other premium features) i will rebate 10% of your membership costs in BTS.

  • Just use the banner above to create your account
  • Enroll as a Life Time Member
  • Leave your username in the comments on the latest BSotN report or join us on BitsharesDEX telegram chat.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Thanks for the update and especially the new charts. I think the smartcoins and collateral statistics is a particularly important one.

·

Thanks idealist; i also think the smart-coin collateral was a very interesting calculation, if the trend continues as it has been for the last few weeks we could end up with 1/4 of the tokens locked as collateral which could present a positive feedback loop for price and smartcoin supply

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

  • Pending payout - Ranked 3 with $ 138,03

Thanks for the data you have published. It is very valuable and hard work. Your efforts are appreciated. Please keep up the good work! Thanks my friend @steempower

·

Thanks Jeff :)

Loads of news in there this week again. thanks for sharing. Hey, do you happen to have the average "wallet holder growth" by any chance? It looks pretty steady, especially in the past 6-8 months.

Great job again, namaste :)

·

It is a hard metric to gauge as people move in and out of assets on the exchange and also issue smartcoins which locks their BTS. But i think in general BTSABC gives a good chart for this showing that we are seeing an increase distribution of BTS over the top 1000 holders


Namaste

Wow!! so much information and it really seems very interesting. Thanks for all these info. I m going to grab some for long term.

Full report from you @steempower
Thank you for sharing the news and news about #bitshares, #bsotn, #kripto-news, #outerbitcoin And #blockchain.
Resteem!!! ^_°

·

Hi Barvon, Thanks for the comment and the resteem! :)

·
·

Yes, you are welcome @Steempower
It has become my special job for you. :) ^_°

A most excellent article, very comprehensive. Well done!

Thanks for mentioning my Verbaltech2 witness report as well.

·

Cheers, Thank you for the transparency of your regular updates!

Super interesting update. I'm glad to see so many new development.

·

List seems to grow ever week. great to see indeed.

Waww nice post brother, thank's for the sharing your post. I will follow and upvotes your post :)) @steempower

·

Glad you enjoyed with Alfarisi, thanks for to support :)

·
·

Your welcome brother @steempower :)

Thank you for the update!

·

Thank you for the comment :)

Great report as always!

·

Thanks VG :)

It was very good week.
Many good things in front of us.

·

Cannot wait to see all the projects start to surface. also interested to see how Dan's new projects affects Bitshares.

I'm still buying bitshares and am very bullish about the network. The Decentralized exchange is amazing!

·

100% with everything going on it is no surprise people have a hard time full grasping the potential

Nice info

Great to see the realist and idealist within Steem and Bitshares network! All of you are the reason I push forward and still have faith in the world! Thank you and #namaste ! @steempower @bitshares !

·

Thank you Christotryan!

Keep the faith, we are building a better tomorrow together :)

·
·

Amen @steempower :D. Your words mean a lot!

For many simple people without much knowledge of how bitcoin or finance or stocks really work , bitshares just seems like a good iddea, even if they have no intention of ever using the exchange, simply buying bitshares seems like a great iea to invest with!

, we should market bitshares as a way to get in on bitcoins and stock market, the whole idea of bitSHARES jusrt seems like its gonna make alot of money ! I think people just Pyschologicaly love BitShares and once we have a BitShares iPhone and Anddroid app with the option for small business owners to List their companies on the Bitshares open DEX Decentralized Exchange to allow anyone to invest in their company would be AMAZING! Is this what BitShares can allow companies to do Can they create their own token that allows people to invest bitcoin into bitshares and invest their bitshares nto their company as a way to invest in companies stocks using blockchain?

I think just the IDEA is whats making the price of bitshares go up! People just love the IDEA of a succesful bitcoin stock exchange!

·

You are right, Bitshares allows anyone to create an asset that could represents anything and use the DEX for an open market exchange of their token. some companies are already doing just that already; such as BLOCKPAY, OPENLEDGER, EVETAB as well as some Steem locals such as STEEMFACTORY, WANGCHANGE, VIRGROW and STEEPSHOT there are many many more but this just gives you an idea.

We also have a few Android apps such as Smartcoins Wallet, Blockpay, BTSBOTS

It is a great project to watch and there are many more developments in the works making for exciting times ahead.

Thanks for the great comment :)

wow excellent

Thanks for your consistent and high quality work! Thanks to you I didn't sell my Bitshares a couple months ago.

·

Great news :) I bet your glad you held your position now :)

If you plan to keep them longer term i recommend you move them off centralized exchanges if that what you are using, also you will get to experience the full power of Bitshares and use the DEX.. The light wallet is very easy to install and takes up very minimal disk space (doesn't download the blockchain). You just want to make sure you read and follow the backup procedure -> Backup your wallet file (.bin) and your brainkey in a safe location.

Thanks for the kind words!

·
·

Im very happy indeed and I plan to buy more. The Bitshares ecosystem with all the projects around it is impressive. I got my BTS as safe as they can be :)

Hey. I like your post.
Please, check my last story, I hope you would like it! :)

please follow bacck & vote. Thank!

Your post give me more knowledge. . So thanks you very much.

nice information

No exchanges filed for licenses with washington state bitshares isnt working here.

·

Not sure what you mean?

But you will never see Bitshares filing for a license. It does not ask nor need permission to be disruptive and that just the way we like it :)