Bitshares - State of the Network - 31st October 2017

in bitshares •  last year

Welcome to the 59th 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 - 31st October 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 Blockchain Foundation has announced a new release of BitShares-core (v2.0.171025). This is a change to the consensus rules so is classified as a hardfork and all participating witnesses need review and upgrade to the latest code base by the 2017-11-27 14:40:00 UTC flag date. This new core release has a lot of exciting changes such as a plugin selection feature allowing nodes to enable and disable plugins based on the role they are serving, new Peer 2 Peer networking code (look out for a new record in the next stress test!) as well as my personal favourite BSIP-0018 (Revive BitAsset through buying Settlement Pool). Alongside those highlights there are also some API changes and bug fixes. You can learn more about the upcoming changes HERE

  • A new worker proposal titled ‘BitShares Greater China Representative’ has been proposed and approved this week. The worker proposal is for a large team in China to promote, educate and build out Bitshares in co-ordination with previously established representatives of Bitshares. The representative team has the ultimate goal of increasing the awareness and accessibility of Bitshares to Chinese citizens. The cost is 90,000 BitUSD over 6 months and includes core members of the Chinese Bitshares and Blockchain communities. You can find further details of the worker proposal HERE

  • Bitshares (BTS) has been added to 3 new Exchanges this week Big.One, AEX and ZB. All exchange listings have been completed and are available for trade.

  • @jeremypeng from the BitUniverse team has announced Bitshares DEX support in their latest release of the BitUniverse mobile app. This means that you can track the price of any asset in bitshares DEX via the BitUniverse portfolio app. You can find the official announcement HERE

  • @taconator has released the 'Fees Collected on the BitShares blockchain through September 2017' report. This month has seen 3.21 million BTS were collected for 9.77 million operations. You can view the full Report HERE

  • Crypto Bridge has announced their Market Maker program which is active now and is on trial until the 30th of November. This is a great step forward in increasing the liquidity of their orderbooks by allowing market makers to take a cut of the fee’s by creating limit orders and filling out the books. Their website explains how it works as ‘Once a limit order you placed gets filled, you're not only getting reimbursed for the trading fee, you actually receive 50% of the market taker's trading fee. At 0.20% fee per trading pair, you are actually earning 0.10% per filled order. Our goal is to improve liquidity and spread on all our markets. Payouts are happening on a weekly basis.’ You can read more about the program HERE

  • The team at Bitspark has released their fortnightly Zephyr update. The update includes changes and advancements from a technical aspect as well a news of upcoming announcements at IMTC conference in November as well as new positions opening up on the team. Check out the latest update HERE. The Zephyr ICO is currently still active although the funding round will complete this week. If you want to learn more about the ICO or get involved see the main Zephyr website at

  • Stan Larimer has done a live interview with former Congressman JD Hayworth for NewsMaxTV. You can view the interview HERE

  • The KEXCOIN ICO has not reached their funding goal and are refunding investment made by its backers. If you hold KEXCOIN you need to put them up for sale on the Bitshares DEX to be able to get your funds returned. @ash has provided a post with further details, which you can find HERE. If you are still unsure of what is required join the telegram chat room ‘BitsharesDEX’ and there are thousands of people who will be happy to assist.

  • Bitshares and Bitspark have featured in an article on HuffingtonPost titled ‘How The Blockchain Is Revolutionizing The Remittance Industry For The Unbanked’. You can find the article HERE

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

  • Current registered wallets/accounts within the Bitshares network is 452075; an increase of 4091 wallets/accounts since last week

  • The last asset registered this week is asset #2304 and it is named 'XBT' registered by 'yip' with no description.

Smartcoin issuance chart showing weekly change since the start of 2017

Operations and Transactions over time from @taconator's Sept Fee report

Stan Larimer and former Congressman JD Hayworth for NewsMaxTV - Video HERE

Zicen (BitShares Greater China Representative) hosting meetup in China

CryptoBridge DEX powered by the Bitshares network

Track any Bitshares Asset with the new BitUniverse Portfolio App

Have you claimed your FREE coins!?!, If not I highly recommend that you get signed up to the Billion Hero Campaign! These coins will be used in the Billion Hero Campaign and potentially be quite valuable in the future (No such thing as free lunch does not apply in Crypto - Fair distribution at any cost is the name of the game); at the moment you can get notified on the project and claim your share of the FREE coins at no cost - Click HERE and selected 'Get Notified' to claim your free coins

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 Supply2,601,198,966 258,234.000.01%
BTS Stealth287,379 11.000.00%
BTS in Open Orders (DEX - T250)7445020.13 1,121,551.3017.74%
Reserve Pool999371854 -259,978.00-0.03%
RP Accumulated fees192,214 1,468.000.77%
Collateral (top 250) backing Smartcoins420426794 -2,123,769.00-0.50%
Top 100 Total1,238,945,225 -14,202,122.00-1.13%
Top 100 - minus Exchanges452,790,652 7,715,287.001.73%
Exchanges786,154,573 -21,917,409.00-2.71%
Non Exchanges1,815,044,393 22,175,643.001.24%

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, Open.BTC and USD


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

AssetSupplyPriceMarket Cap BTSMarket Cap USDSupply Change W/W
BTS2,601,198,9660.0562,601,198,966$146,707,621.68 0.010%
BTS Stealth287,3790.056287,379$16,208.18 0.004%
Reserve Pool999,371,8540.056999,371,854$56,364,572.57 -0.026%
Accumulated fees192,2140.056192,214$10,840.87 0.770%
BitUSD3,316,92117.5258,112,456$3,316,921.00 1.922%
BitCNY41,343,2392.65109,559,583$6,179,160.50 0.772%
BitEUR57,58420.41,174,714$66,253.85 -3.384%
BitBTC45.2108,0324,883,046$275,403.82 -1.310%
Ruble1,970,2260.301593,038$33,447.34 9.307%
HERO8582,7822,386,956$134,624.32 -0.464%

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)
xeroc31216222.3 1.6
bitcrab6670213 1.2
baozi237375.9 3.9
fav2212042.2 1.4
laomao35432.3 -1.2
abit4147217.7 0.1
blckchnd2267711.8 -0.5
btsabc587011 0.7
openledgerdc36219.9 0.4

Committee Members

This section will track shareholder approval of committee members

AccountVotes (M)Votes Change (M)
bhuz653.8 -0.3
xeroc627.7 -0.4
witness.still602.4 0.4
bunkerchainlabs-com591.5 -0.5
clayop558.4 -0.1
openledgerdc439.4 0.4
ebit385.6 0.2
chris4210379.1 0.1
fav317.7 0.2

Active Witnesses

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

RankWitnessVotesMissedMissed W/W
1in.abit 1.6.35 749.9705
2verbaltech2 1.6.34 744.81689
3fox 1.6.16 743.23608
4wackou 1.6.18 718.91809
5rnglab 1.6.45 679.71905
6 witness.yao 1.6.71 675.73550
7 roelandp 1.6.74 675.227
8 bhuz 1.6.17 673.115651
9blckchnd 1.6.75 670.36515
10witness.still 1.6.69 664.391035
11sahkan-bitshares 1.6.73 652.888946
12xn-delegate 1.6.59 647.82816
13 openledger-dc 1.6.76 6395815
14 elmato 1.6.20 584.142694
15 crazybit 1.6.84 565.8901
16 delegate-1.lafona 1.6.28 563.428046
17xeldal 1.6.22 5562251
18delegate.baozi 1.6.37 466.71469
19xman 1.6.64 448.61638
20delegate.freedom 1.6.63 411.54859
21mr.agsexplorer 1.6.24 4015725
22delegate.ihashfury 1.6.26 396869
23delegate-clayop 1.6.27321.94842
24cyrano 1.6.21 313.63539
25harvey-xts 1.6.23 312.55809

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 %
1poloniexwallet240,727,3510-4,631,887.00 -1.89%
4bittrex-deposit72,938,4980-4,236,213.00 -5.49%
6yun-bts32,254,2230-1,140,371.00 -3.41%
7jubi-bts25,875,4260-173,267.00 -0.67%
11alexna6412,143,69503,459,978.00 39.84%
17bitcoinindonesia8,762,3560-396,506.00 -4.33%
21aloha7,552,9530-4,556,400.00 -37.63%
26a2dcdf323a8a576408f62604b17a8a526,745,66801,588,559.00 30.80%
37storj5,254,586129916-170,084.00 -3.14%
42btercom4,949,1110-8,100,001.00 -62.07%
44enki4,719,91730171,295,765.00 37.84%
45btsabc-lclouis3264,622,1580272,702.00 6.27%
52livecoin-net4,114,9270558,149.00 15.69%
55abc.btsbots4,000,255250003,000,000.00 299.92%
60denkhaus3,811,0950133,652.00 3.63%
62bts-morning3,730,1590-53,782.00 -1.42%
63wjlsf3,700,0000-60,965.00 -1.62%
66exxbts3,393,9910640,606.00 23.27%
72bilbo-baggins3,151,03001,673.00 0.05%
80tong-xin2,772,1660494,273.00 21.70%
82bitspark-zephyr2,727,1770291,113.00 11.95%
94demo.btsbots2,376,829783830327,450.00 15.98%
96poloniex2,234,24401,009.00 0.05%
97bterdeposit2,214,8440604,196.00 37.51%

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, in the 'BitsharesDEX' Telegram group or every Friday in the the BeyondBitcoin Hangouts.

I hope you enjoyed this report! :)

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There it is my favourite update :)


Thanks Tony
I have been loving your youtube videos man, keep up the great work!


I second that!


Hei, thank you for commenting here. It is incredible when we all participate and help this community to grow. We appreciate it and we say thanks to you.

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We invite you to take a look at what we do here:

This is the way in which we can support other writers. From UseTheBitcoin team, we say thanks for the time you took reading this.

Even if you will not give us your support, we say thank you for making this community an incredible place. Keep commenting and giving great feedback!


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Great!! Nyc Comment!!

The new release includes my first (tiny) code contribution to the BitShares app! Hoping to continue helping to add new features!


Good news thanks for sharing


Great to hear man! Looking forward to seeing more in the future.. congrats and thank you

Waiting for Bitspark and Bitshares remittance services here in the Philippines <3


It is an exciting project that is for sure. The team is driven so hope you are not waiting too long


Senpai notices me! thanks for the reply. This will help a lot of Filipinos out there in the crypto world.

Shared for you on Twitter



Wrote about BTS myself last nite actually. Oddly, it reposted again today, from the last screen I had open last nite, sigh.



Thanks Barry, your a champion!


I have my challenges day to day but so many of you guys in the BTS community have worked so hard, if anyone is paying attention, they could learn something from many of you.

Thank you for the kind words.


Classy. Well done


Thanks Dave.

This keeps getting better. Everything is changing for the better same time I changed my hairstyle and account lol. But this is incredible! I can't imagine what will happen next. Even better? great news/updates! Cheers! ^_^


I think you guessed it. Always moving forward!


Yay! I'm glad to hear that! Very positive thinking! Love it. I hope/wish I get lucky here. ^^

Darn, I didn't make it into the BSotN report for my upcoming talk on the next Bitshares hangout with Fuzzy on Nov 4th.

I really need more RSVP upvotes here:


Got you buddy. Looking forward to your talk!


I see you did, and I thank you for it. Talk to you (and everyone) Saturday.

I want steem power..


The name, the token or me in general??

I am amazed to see how this is really growing
omg ..... whats next ?


Thank you for providing the link

Another powerful set of sharing with us all! Thank yo so very much, especially considering the state of the prices this week, your information is highly valuable for anyone invested into Bitshares and the such.

Namaste :)

Great news

Still going strong i see

Dengan steem power yang tinggi maka vote kita akan lebih menibgkat

thanks for sharing, good news

Thanks @steempower for sharing these amazing updates of a great DEX Platform.

Very informative. Thanks as usual.

I am checking only one summary report in a particular week and it named as "BitShares State of the Network"! In this report I could gather all BTS related update of the particular week! So, this is the best reference of the BTS!

Great work friend! Now BTS is a best place to invest to be millionaires in short time!


i have just joined.but have to wait for its benefits.hope it will make me crazy.

interesting, looking forward to that new stress test soon.

Thanks for information
Nice post

Post yang menarik...

great information post. i like and following updets....

An amazing news...

woow very nice... your post

Thank you for your information.
I found really awesome room and This is no ordinary pumping room.
I have made at first $50,$1,000 and invested more and made $4,000.
All this happened in one month. You'll see at

Thanks to post

Congratulations @steempower, this post is the 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 32 and the total pending payments to posts in these categories was $1280.87. 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.

I love bitshares and truly believe in the power of decentralized exchange platform. There is nothing but up for this startup, especially with the China exchange ban. Thank you for your great updates and you amazing contributions to the community team!!! Way to go! All the way up!!

I know a guy that knows the guy that helped with the development of Bitshares, he claims its going to do 100% 3 months in a row starting sometime soon i think he may have said starting this January 2018

@steempower - The best weekly update ever <3 Excellent post Sir..
To get more audience, I wish to ReSteem your post.

+W+ [UpVoted & ReSteemed]

Hello & Cheers!! I'm a content detection and information bot. You are receiving this reply because a short link or links have been detected in your post/comment. The purpose of this message is to inform your readers and yourself about the use of and dangers of short links.

To the readers of the post: Short links are provided by url shortening services. The short links they provide can be useful in some cases. Generally their use is benign. But as with all useful tools there are dangers. Short links can be used to hide all sorts of things. Quite frequently they are used to hide referral links for instance. While not dangerous this can be deceptive. They can also be used to hide dangerous links such as links to phishing sites, sites loaded with malware, scam sites, etc. You should always be extremely cautious before clicking on one. If you don't know and trust the poster don't click. Even if you do you should still be cautious and wary of any site you are sent to. It's always better to visit the site directly and not through a short link.

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Bitcoin's Price Climbs Above $6,900 to Reach New Market High

This is our favorite regular update


The @OriginalWorks bot has determined this post by @steempower to be original material and upvoted(2%) it!

To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!

great post and nice update bitshares

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Good job as always! It's super useful for BitShares community. @steempower what about creating also quarterly reports with similar format? It would be helpful for people not watching BitShares on weekly basis.

Thanks for your good info and video i like it

In October Bittrex held delisting some altkoins including BitShares (BTS)

I believe BitShares is severely underrated in comparison to other blockchain platforms.

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

  • Pending payout - Ranked 3 with $ 280,5

Thanks, very useful information @steempower

Thanks for sharing. very Informative.

w o w ..g r e a t - p o s t... a m a z i n g - i n f o r m a t i o n...
w e l l - d o n e....

w o w ..g r e a t - p o s t... a m a z i n g - i n f o r m a t i o n...
w e l l - d o n e....

Hope that the community will overcome the losses by Bittrex Delisting!!!!!!!!

@steem-power Hello! scammers appeared under your name. Pay attention to this. It blackens your name! - SteemChat - steem-power

Great info, theanks for sharing

I like your post, I have followed you, Please follow me about heart expression poem, @teukurahmatpolem

One word "Greatpost"
pitty that BTS is removed from bittrex

great information. amazing.

This is really growing.
Hi @steempower , your post is great. Upvoted and following for more, please don't forget to check mine.

The post is very nice and the information is very interesting @steempower Thanks for sharing and if there is time to visit my blog to have a look

Bitshares are going to Rockkkkk !!!!

Wow, What a read. A little much to digest in 1 sitting :-)
I've just started trading in BTS and see the future looks bright.
My problem is I can't seem to figure out the trading function in my wallet?
All the coins I want to trade can be done there and I'm moving away from centralized platforms.
I move coins in and out easy @ c-p1 but nothing makes sense on the trading floor. could you send me a idiots guide to trading, Please :-)
On a side note is 404 Not Found.
Thanks for your time & effort


Hi Cody, this it the correct link I believe.


I'm there now, thanks for the link & speedy reply :-)

it is my favourite update
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