Bitshares - State of the Network - 30th May 2017

in #bitshares7 years ago (edited)


Welcome to the 37th 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 - 30th 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.

  • Bitshares Fee reduction has been proposed by the committee member and approved by the shareholders and has just gone live. All fees have been reduced by around 83%. Consider how powerful the feature that enables a group of elected leaders to propose changes and a shareholder vote to approve them; once the review period has completed and shareholder consensus approval is reached; a 'maintenance interval' is all that is required for the changes to go live on the network! maintenance intervals (currently set to 1 hour) as well as block size, block time, witnesses, committee members, amount of witnesses, reserve pool budget and many other variables are able to be updated dynamically by shareholder approval. no coding, no drama, we vote and the chain adapts.. That agility baked right into the protocol!. You can view a comparison of the fee's before and after HERE

  • 'This summer' is HERE along with 53 Million dollars of support for the HERO and a 1 Billion dollar challenge to supporters. There is also talks of VR and AR applications, reality 'Shark Tank' style TV show that would allow the home view to be involved in funding projects via blockchain, a new CRS exchange and tokens and 200 hungry entrepreneurs that just got a first class introduction and consulting to the best blockchain tech in the business. I cannot do this 'movement' justice; a whole post could also only go so far, but i highly recommend you looking the vision of this event and the support behind it.

  • @abit has released a new Bitshares-core release (version 2.0.170531), The release contains security updates, improvements and bug fixes; including a whole range of new API calls as well as reduced RAM usage for witness nodes . You can find the latest release HERE

  • Witness pay reduction from 3 BTS to 1 BTS has been approved by the committee and submitted to the network. Bitshares Witnesses are now being paid 1 BTS per block.

  • @dantheman has released a whitepaper explaining the DPOS consensus algorithm backing the Graphene toolkit. You can find the post HERE

  • @stan has attended a conference in Hollywood last weekend, His 2nd talk has been uploaded to youtube and provides some interesting dynamics that are incoming for the Bitshares eco-system. you can view his HEROic talk HERE. As part of this event there was also a new website launched sovereignhero.com this website also shows current supporters of the Hero's vision and include names such as Sophia Stewart (Matrix Author), Susan Diol (Entertainer / Actress), Dr Roger Boger (Marketing), Brian Williams (Musician) and the Southern Cherokee nation and the Red Fire people (Independent Sovereign State).

  • In this weeks Bitshares Hangout, @kencode and @onceuponatime have revealed that Bitshares Stealth utilizing CA (Confidential Assets) is in active development and should be seeing this tech hit the testnet in the next couple of months. Big thanks to @onceuponatime who has taken it upon himself to fund the remaining development of Stealth and ensure Ken and the team have the runway required to finalise the project.

  • Bitshares to be included on the Jaxx mobile wallets. Jaxx has announce an expansion of their platform to support more cryptocurrencies and in the list of upcoming support is both Bitshares and Steem!. you can find the official announcement HERE

  • Bitshares Alfredo has been working on a new Open Source blockexpl0rer, this is still a work in progress but the current work in progress is publicly hosted so you can get in and see it all coming together. View the new block explorer HERE

  • Openledger has partnered with Airbitz to use their edge security SDK to allow users on the Openledger platform to create an account utilizing the Airbitz account model, meaning that for OpenLedger users, there are no words to write down, no files to save, and no data to encrypt. It all happens automatically, magically. You can find out more about this upcoming feature HERE

  • @officialfuzzy is running a logo contest for the Whaleshares voting token with a grand prize of 2000 Whaleshares and plenty of runner up bounties. Get involved in the contest by following the spec in his recent post which can be found HERE

  • YOYOW have released a report regarding their crowd sale which has completely sold out in 3 days with the project raising 2000 BTC in the process. Wishing them all the best success for their platform and i personally can't wait to see another Graphene chain develop and flourish. They are looking to launch their main-net before October. You can find the original post HERE

  • @cm-steem has proposed an idea for a radical new type of Formula Backed Asset (FBA) on the Bitshares network dubbed 'Hertz'. Hertz is a Formula Based Asset (FBA) which is pegged against the [USD|XDR|***(poll running at the moment)] and modified to oscillate between rising the price feed and decreasing it in a predictable manner, thus we create phases of buying and selling pressure constantly back and forth forever. You can find out more about his proposal HERE, He is also running a poll to determine the best base currency to peg the value too; you can cast your vote and get in on the discussion HERE

  • @btswolf has created a new info-graphic titled 'Bitshares - Basic connection layer'. This info-graphic is explaining the different Bitshares components and how they all connect in the bigger picture. You can find this info-graphic and others he has created HERE

  • The Bitshares DEX this week has traded over 5.5 Million USD in a 24 hour period on the 27th of May; i have included a screenshot below

  • The 'BitsharesDEX' telegram channel has 888 members ;)

  • @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

  • This weeks Beyond Bitcoin hangout recording has been published. This week had talks from @dennishlewis @timcliff @cm-steem you can find more details and last weeks recording HERE

  • Current registered wallets/accounts within the Bitshares network is 188493; an increase of 4703 wallets/accounts since last week

  • The last asset registered this week is asset #1388 and it is named 'NESLV' registered by 'ns-si1ver' with the description 'Shares of Northeast Silver Game Studio'.

Bitshares DEX traded a 24 hour volume of 5.5 Million USD on 27th of May

After a lot of work from Stan and the team, i believe it is now "Summer"

@btswolf latest inforgraphic on the bitshares connection layer

Smartcoin issueance chart showing weekly change since the start of 2017

Hero Makers - find out more HERE

Stan in Hollywood

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 Supply2,602,081,205 411,006.000.02%
BTS Stealth267,172 300.000.11%
BTS in Open Orders (DEX)15051771.62-0.00%
Reserve Pool998,491,287 -413,406.00-0.04%
RP Accumulated fees5,446 -1,317.00-19.47%
Collateral (top 250) backing Smartcoins422166394 23,352,831.405.86%
Top 100 Total1,437,389,894 -17,448,004.00-1.20%
Top 100 - minus Exchanges504,443,713 -15,200,323.00-2.93%
Exchanges932,946,181 -2,247,681.00-0.24%
Non Exchanges1,669,135,024 2,658,687.000.16%

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
CNY0.451206160.0798,895,050.276,508,836.3059.4%-35.3%
BTC0.000027570.0655889967,473,759.094,425,535.5640.6%-61.8%
WAVES0.050.09192630.000.000.0%
USD0.09523810.09523810.000.000.0%
EUR0.03726530.0416686300.000.0%

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 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
BTS2,602,081,2050.065675842,602,081,205$170,893,868.89 0.0158%
BTS Stealth267,1720.06567584267,172$17,546.75 0.11%
Reserve Pool998,491,2870.06567584998,491,287$65,576,754.01 -0.0414%
Accumulated fees5,4460.065675845,446$357.67 -19.47%
BitUSD1,804,28215.5228,002,457$1,804,282.00 30.63%
BitCNY25,603,7762.2256,840,383$3,733,039.88 -10.71%
BitEUR72,54717.361,259,416$82,713.20 -2.70%
BitBTC64.235,4722,277,302$149,563.75 -14.51%
BitGold48.419,605948,882$62,318.62 51.25%
BitSilver5,217268.71,401,808$92,064.91 21.86%
Ruble720,7460.2746197,917$12,998.36 -57.97%
HERO662,432160,512$10,541.76 121.03%

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-munich309259
compumatrix1224323
jianjolly-017430
btsabc972182
openledger5184
cryptocurrency3426158
sdr422140
fav3704
cryptofresh36911
gn129621
ccm201525716
by24seven20914
xiangxn20014

Vote Proxies

This section will track the change in proxy voting

AccountOpinionsFollowersWeight (M)Weight Change (M)
xeroc36164237.6 -1.1
bitcrab6427234.9 2.6
laomao354139.2 39.6
baozi296765.9 5.2
bitshares-munich-wallet151722.8 -0.6
fav164715.3 -2.1
btsabc592114.1 0.8
yao333612.7 -1.5
abit4138612 0.1
dahu2119.1 0.2

Committee Members

This section will track shareholder approval of committee members

AccountVotes (M)Votes Change (M)
bitcrab817.4 16.6
abit779.1 19.9
bhuz753.6 24.9
chris4210699.4 -1.6
clayop672.6 27.8
xeroc655.8 -5.5
bunkerchainlabs-com596.4 -3.6
ebit440.7 -2.3
harvey-xts418 30.4
openledgerdc416.3 0.4
fav309.2 -9.8

Active Witnesses

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

RankWitnessVotesMissedMissed W/W
1in.abit 1.6.35 861.5310
2verbaltech2 1.6.34 847.512206
3bhuz 1.6.17 846.91099
4 wackou 1.6.18 833.112771
5witness.yao 1.6.71 830.931401
6 rnglab 1.6.45 819.313454
7 xman 1.6.64 810.711613
8 delegate.baozi 1.6.37 805.41026
9 jerryliu 1.6.72 802.852912
10 fox 1.6.16 775.529091
11 witness.still 1.6.69 75683413
12 xn-delegate 1.6.59 697.222973
13 xeldal 1.6.22 692.311844
14 roelandp 1.6.74 661.42
15 openledger-dc 1.6.76 656.94635
16blckchnd 1.6.75 618.4191100
17sahkan-bitshares 1.6.73 602.41531
18abc123 1.6.65 594.48543
19 harvey-xts 1.6.23 586.451281
20 delegate.freedom 1.6.63 552.7359513
21 delegate-1.lafona 1.6.28 548.369514
22 mr.agsexplorer 1.6.24 523.127321428
23 elmato 1.6.20 503.730101
24 spartako 1.6.15 492.199113
25delegate.ihashfury 1.6.26 473.3869

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 %
1poloniexcoldstorage290,001,2030-0.00%
2bitcc-bts-cold166,419,0150-20,000,001.00 -10.73%
3poloniexwallet140,729,48801,306,924.00 0.94%
4yunbi-granary100,000,0000-0.00%
5yun-bts89,980,702043,352,865.00 92.98%
6bittrex-deposit64,585,16506,572,040.00 11.33%
7yunbi-cold-wallet49,994,9760-0.00%
8stan20,618,8740-0.00%
9aloha20,352,3890-282,160.00 -1.37%
10bterdeposit18,186,5200574,598.00 3.26%
11bitshares-munich-wallet15,941,2440-1.00 0.00%
12jy201715,696,111015,596,111.00 15596.11%
13btercom13,049,1120-0.00%
14cass11,460,166020,000.00 0.17%
15abit11,369,67610,00046,530.00 0.41%
16evan10,659,6920-0.00%
17crypto-maniac10,613,3970-0.00%
18hnnr810,471,0020-0.00%
19tsuratsura-355710,169,1180-2,100,875.00 -17.12%
20jiny29,521,6400-0.00%
21virtual-ventures9,318,0780-0.00%
22bts-198009,188,2160-6,388,576.00 -41.01%
23roje8,850,4300-0.00%
24invictus8,815,1430-0.00%
25ibilitlan-scoltock8,673,9580-0.00%
26cievia-waugaman7,990,2130-0.00%
27haeassa-granovsky7,431,9310-0.00%
28alexna647,263,3820-0.00%
29mcxcwbts6,915,6410-4,025,068.00 -36.79%
30graphene20156,827,9190-1,409,632.00 -17.11%
31onceuponatime6,705,286028,767.00 0.43%
32abinia-rivard6,550,5630-0.00%
33keebler-kahn6,500,7700-0.00%
34coldstorage16,499,9990-0.00%
35comp66,433,5640-304,033.00 -4.51%
36multisig-worker-2017-016,401,1100-0.00%
37millibit536,234,7260-0.00%
38linanjun6,226,373102,793-1,980,969.00 -24.14%
39fericia-brick5,766,6230-0.00%
40btszhqxf5,734,7120-0.00%
41bts-morning5,690,722013,609.00 0.24%
42linhan5,425,0950-0.00%
43cadord-ozois5,423,1730-0.00%
44pay.xeroc5,390,3650-0.00%
45cryptonomex5,385,6290-0.00%
46spring5,365,4740-0.00%
47bristolbay5,325,011012.00 0.00%
48xhunter5,233,2380-0.00%
49jeraud-kanze5,172,6980-0.00%
50brother-john5,074,5730-0.00%
51dev.bitsharesblocks5,037,129998,245-601,764.00 -10.67%
52prebuffo19705,001,8260-0.00%
53laow4,937,7070-0.00%
54synergy34,806,7690-0.00%
55geravia-mackinnon4,777,6910-0.00%
56tyrone-shoelaces4,461,9590-0.00%
57btsxzzh24,348,4320-0.00%
58slim4,153,5040-0.00%
59quonael-lievesley4,087,2350-0.00%
60tkoba994,034,0841,559690.00 0.02%
61wesley-waugaman3,921,0270-0.00%
62trans.bot3,844,7080-5,298,549.00 -57.95%
63hermes33,832,1950-0.00%
64bts-198hot3,751,11502,270,128.00 153.28%
65satoshi-pie3,697,7900-0.00%
66btsnow3,648,8080-0.00%
67jaehyuk3,627,0540-0.00%
68jackkang3,598,75603,498,756.00 3498.76%
69laplap53,493,8000-0.00%
70bunkerchainlabs-com3,472,1970203,409.00 6.22%
71scottmclane3,251,1270-0.00%
72bitcoinindonesia3,204,8920508,426.00 18.86%
73bafohald-degeorge3,189,8660-0.00%
74wind-flower3,174,1920-0.00%
75goodc0re3,116,3559,942-14,162.00 -0.45%
76null-account3,011,9450-0.00%
77anonym72,972,9890-0.00%
78tel-9112,909,13602,899,194.00 29161.07%
79mostar2,747,7340-0.00%
80douglasriese19942,642,9110-0.00%
81rand12,586,3470-0.00%
82bang-king2,570,4190-0.00%
83hardfork22,545,4130-0.00%
84serg2,515,7840-0.00%
85thread2,485,9900-0.00%
86chainsquad2,484,1540-0.00%
87anonymous2,448,356515,840-5,592,247.00 -69.55%
88rg33m43ffaeqdrnk2,427,023031,426.00 1.31%
89dragongroup2,401,5110-0.00%
90sauron2,338,7020-0.00%
91b1tshares2,309,2140698,406.00 43.36%
92spook2,296,8490-0.00%
93impseu12,290,1560158,178.00 7.42%
94nana-roseannadana2,209,9860-0.00%
95yvg19002,201,0370-0.00%
96kedaliwin-tefft2,192,4330-0.00%
97sahkan2,185,2671,000,00078,934.00 3.75%
98bitcc-bts2,182,8880-24,913,913.00 -91.94%
99talos2,171,6520-0.00%
100vortac2bts2,157,6750-0.00%

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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Bitshares Alfredo has been working on a new Open Source blockexpl0rer, this is still a work in progress but the current work in progress is publicly hosted so you can get in and see it all coming together. View the new block explorer HERE

please use this link http://bitshares-explorer.io

Thanks this is working.

Hi BTSWolf,
Love your info-graphics! I have updated to the address you mentioned, thank you very much :)

YESSSSS!!!! Finally! Thank you.

Thanks for all the good info! I'm off to buy some more bits now :)

Thanks for the shout out regarding the HERTZ token!

More info:

HERTZ Bitsharestalk thread!


No worries man. Keep up the great work!

who knew triangles are really whipped-cream/boob-like?

Beyond the moon we are bound! Thanks a bunch for the great news, namaste :)

In the words of Stan (The Godfather of Bitshares) and Doc - 'Where we're are going we don't need roads'.
Namaste :)

BITshares and Steem are for the people! :)

nice....your post deserve upvote and resteem....

Cheers mate :)

u r welcome...cheer...

its time to finally signup for bitshares

I think you will be impressed by the wallet; its not your normal experience with digital currencies.

Thanks for the Bitshares State of the Network (BSotN) report!
Also shared on twitter

virtualtoken Virtual Growth tweeted @ 01 Jun 2017 - 16:14 UTC

Bitshares - State of the Network - 30th May 2017 — Steemit

steemit.com/bitshares/@ste… / https://t.co/wMuNXMi9Kx

@bitshares @Steemit @Beyond_Bitcoin

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

Thanks VG, greatly appreciated :)

thank you for the information

Exceptional growth statistics of a great platform. Thanks for sharing the updates....

Thanks!

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