Bitshares - State of the Network - 7th March 2017
Welcome to the 25th Bitshares State of the Network (BSotN) report. I will be releasing this report weekly to look at 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 - 7th March 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.
Alfred Garcia (Bitshares Core Dev) has been working on closing a number issues this week and finished off adding the API call from trade history balance. Check out his update HERE
@svk (as part of his GUI worker proposal) has released a new release of the Bitshares Light Client (v. 2.0.170303). This release contains some new features and bug fixes. Download the new version on Github HERE. Changes have also been published to the Bitshares Web Wallet
Bitshares testnet STRESSTEST has been scheduled for the 15th of March 2017 at 3PM UTC. Xeroc has been leading the charge and has also developed a real time stats page that we can keep an eye on the progress. Find out more about the test and find the resources HERE. In the lead up test net witnesses have been running personal (not coordinated) tests in preparation. So far the test net has demonstrated 250 TPS (Transactions Per second). You can watch the testnet transaction HERE (This page also supports Bitshares and Steem main-nets)
@jonnybitcoin has started a Credit Default Swap against Tether USD (Blythe would be proud :); This will serve as an insurance policies for holder of Tether USD or a speculative instrument of speculators with the token being valued at 1 USD on the failure of the tether system (judged by an inability to withdraw funds via the official method for a period more than 28 days before the end of 2017). Find out more information HERE or see the market HERE or view the asset details HERE
@kencode has released his weekly update filled with news from a number of projects that Bitshares-Munich are working on (BlockPay, C-IPFS, Bitshares Stealth, Smartcoins Wallet). His Update can be found HERE
OpenLedger has preformed their monthly BTSR Buyback and Burn of 22,485 BTSR from ETH, Open.BTC, BTS and USD markets. More details HERE
OpenLedger has preformed their monthly OBITS Buyback and Burn of 60,867 OBITS from BTS and Open.BTC markets. More details HERE
Bitshares-Munich has released a new version of the BlockPay S mobile application (v1.5.8). Download the latest version from the Google Playstore.
Bitshares-Munich has released a new version of the Smartcoins mobile Wallet (v1.5.13). Download the latest version from the Google Playstore.
OBITS is now listed on Livecoin with the following currency pairs: OBITS/BTC, OBITS/BTS, OBITS/ETH, OBITS/USD, and OBITS/EUR.
Big support from the Chinese market this week with 29 Million BTS being withdrawn from PoloniEX and 22 Million being added to BTC38 wallet; generally this is seen due to arbitrage bots that are buying BTS on the cheaper market (Polo) and sending the BTS to the market with more support to sell (BTC38).
Current registered wallets/accounts within the Bitshares network is 156942; an increase of 576 wallets/accounts since last week
The last asset registered this week is asset #1290 and it is named 'BBBAA' registered by 'bi23' with the description 'ETH.A; testnet.etherscan.io'.
Bitshares Twitter Stats
Thanks @fav for providing twitter statistics for the month of February.
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.
| Distribution | Balance | Change W/W | Change W/W % |
|---|---|---|---|
| BTS Supply | 2,586,834,986 |  1,670,127.00 | 0.06% |
| BTS Stealth | 266,837 | - | 0.00% |
| BTS in Open Orders (DEX) | 38102775.61 |  -4,439,458.09 | -9.55% |
| Reserve Pool | 1,013,746,090 | -1,670,126.00 | -0.16% |
| RP Accumulated fees | 29,801 | -177.00 | -0.66% |
| Collateral (top 250) backing Smartcoins | 309205547 | 9,204,007.00 | 3.23% |
| Top 100 Total | 1,396,491,560 | -4,383,115.23 | -0.31% |
| Top 100 - minus Exchanges | 516,137,581 | -10,770,408.84 | -2.04% |
| Exchanges | 880,353,979 | 6,387,293.60 | 0.73% |
| Non Exchanges | 1,706,481,007 | -4,717,166.60 | -0.28% |
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.
| Market | Last Price | Price USD | 24hr Vol BTS | 24hr Vol USD | Vol % | Vol % Change W/W |
|---|---|---|---|---|---|---|
| CNY | 0.02639788 | 0.00 | 17,335,837.26 | 66,308.45 | 5656.95% | 70.72% |
| BTC | 0.00000295 | 0.00376571 | 13,309,368.98 | 50,119.20 | 43.4305 | 192.79% |
| USD | 0.0041841 | 0.0041841 | 0 | 0 | 0 | |
| EUR | 0.008 | 0.00836144 | 0 | 0 | 0 | |
| NXT | 0.103 | 0.00072433 | 0 | 0 | 0 |
Worker Proposals
This section will identify the current approved and pending worker proposals
Active Worker:
- Alfredo Garcia, Bitshares Core Dev
- Soledger - Vikram/Agent86 - Project administration & essential maintenance
- SVK - GUI Development
- Xeroc - Python-steem and uptick
- Advertisement on 8btc.com
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 Open.BTC, CNY and Kapital
Smartcoins
This sections seeks to analyse the current supply and market capitalisation of the Bitshares Smartcoins.
| Asset | Supply | Price | Market Cap BTS | Market Cap USD | Supply Change W/W |
|---|---|---|---|---|---|
| BTS | 2,586,834,986 | 0.00379921 | 2,586,834,986 | $9,827,929.35 | 0.0646% |
| BTS Stealth | 266,837 | 0.00379921 | 266,837 | $1,013.77 | 0.00% |
| Reserve Pool | 1,013,746,090 | 0.00379921 | 1,013,746,090 | $3,851,434.28 | -0.1645% |
| Accumulated fees | 29,801 | 0.00379921 | 29,801 | $113.22 | -0.59% |
| BitUSD | 124,638 | 266.3 | 33,191,099 | $126,099.96 | 0.03% |
| BitCNY | 1,131,266 | 38.5 | 43,553,741 | $165,469.81 | 10.51% |
| BitEUR | 5,884 | 282 | 1,659,288 | $6,303.98 | 0.03% |
| BitBTC | 39.5 | 337,670 | 13,337,965 | $50,673.73 | -2.95% |
| BitGold | 9.54 | 326,663 | 3,116,365 | $11,839.73 | -1.85% |
| BitSilver | 1,271 | 4,726 | 6,006,746 | $22,820.89 | 0.63% |
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.
| Account | Referrals | Change W/W |
|---|---|---|
| bitshares-munich | 2194 | 49 |
| compumatrix1 | 1635 | 0 |
| jianjolly-0 | 1569 | 29 |
| openledger | 514 | 0 |
| btsabc | 434 | 1 |
| fav | 333 | 1 |
| cryptofresh | 324 | 2 |
| gn1 | 232 | 0 |
| ccm2015 | 224 | 0 |
| cryptocurrency3 | 185 | 1 |
| by24seven | 167 | 1 |
| cat-ch | 119 | 0 |
| sdr | 117 | 4 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| xeroc | 37 | 161 | 210.2 | -10 |
| bitcrab | 39 | 21 | 98.2 | -3.7 |
| baozi | 19 | 65 | 88.8 | 5.6 |
| laomao | 35 | 3 | 48.7 | 0.9 |
| bitshares-munich-wallet | 9 | 10 | 26.2 | 0.5 |
| harvey | 50 | 5 | 22.4 | 0 |
| jonnybitcoin | 28 | 14 | 13.9 | 0 |
| fav | 24 | 34 | 13.7 | 0 |
| bytemaster | 38 | 41 | 11.4 | -0.1 |
| yao | 29 | 33 | 10.9 | 0 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 609.4 | 0 |
| chris4210 | 552.4 | 0 |
| bhuz | 521.3 | 0 |
| abit | 474.7 | 0 |
| xeroc | 464.5 | 0 |
| clayop | 461.3 | 0 |
| dele-puppy | 395.1 | 0 |
| bunkerchainlabs-com | 392.9 | 0 |
| ebit | 332.2 | 0 |
| bitcube | 298.6 | 0 |
| harvey-xts | 190.4 | 0 |
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
| Account | Balance(include orders) | Orders | Change W/W | Change W/W % |
|---|---|---|---|---|
| bitcc-bts-cold | 346419056.4 | 0 | - | 0.00% |
| poloniexcoldstorage | 290001202.9 | 0 | - | 0.00% |
| poloniexwallet | 82077474.66 | 0 | -29,097,142.50 | -26.17% |
| yunbi-cold-wallet | 35003434.68 | 0 | - | 0.00% |
| pr1modiaprile | 24999291.42 | 0 | - | 0.00% |
| bitcc-bts | 24225618.8 | 0 | 22,141,926.57 | 1062.63% |
| bitcc-bts-withdrawal | 22130556.86 | 0 | 19,248,059.82 | 667.76% |
| bittrex-deposit | 21708569.57 | 0 | -144,883.92 | -0.66% |
| btsx-bitshare | 19863402 | 0 | - | 0.00% |
| stan | 17134775.69 | 0 | - | 0.00% |
| btercom | 17049117.35 | 0 | - | 0.00% |
| alohacs | 16855553.92 | 0 | - | 0.00% |
| tsuratsura-3557 | 16764536.44 | 0 | -1,630,007.43 | -8.86% |
| yun-bts | 13752916.1 | 0 | 881,428.24 | 6.85% |
| evan | 12118147.13 | 0 | - | 0.00% |
| funnycat-air | 11539308.33 | 7356219 | 82,379.71 | 0.72% |
| cass | 11068344.41 | 0 | - | 0.00% |
| mcxcwbts | 10818456.61 | 0 | - | 0.00% |
| bitshares-munich-wallet | 10793378.87 | 0 | -2.84 | 0.00% |
| crypto-maniac | 10597469.97 | 0 | - | 0.00% |
| hnnr8 | 10471001.86 | 0 | - | 0.00% |
| jonnybitcoin | 9863298.472 | 0 | -143,508.91 | -1.43% |
| invictus | 9815143.343 | 0 | - | 0.00% |
| virtual-ventures | 9318077.011 | 0 | - | 0.00% |
| jiny2 | 9271909.53 | 0 | - | 0.00% |
| suyuekuangcheng666 | 8899393.782 | 6644200 | - | 0.00% |
| roje | 8850428.578 | 0 | - | 0.00% |
| coldstorage1 | 8300000 | 0 | - | 0.00% |
| cievia-waugaman | 7990212.251 | 0 | - | 0.00% |
| dev.bitsharesblocks | 7571715.03 | 1394077.834 | 1,495,537.54 | 24.61% |
| bc-godpay | 7563433.058 | 0 | - | 0.00% |
| haeassa-granovsky | 7431930.353 | 0 | - | 0.00% |
| abinia-rivard | 6550561.954 | 0 | - | 0.00% |
| goldsix | 6050400.848 | 0 | - | 0.00% |
| ubris | 5999999.845 | 0 | - | 0.00% |
| fericia-brick | 5766621.727 | 0 | - | 0.00% |
| btszhqxf | 5734710.5 | 0 | - | 0.00% |
| miso69 | 5478227.737 | 0 | - | 0.00% |
| linhan | 5425093.721 | 0 | - | 0.00% |
| cadord-ozois | 5423172.409 | 0 | - | 0.00% |
| pay.xeroc | 5390378.805 | 0 | -2.80 | 0.00% |
| cissy | 5383923.483 | 10000 | - | 0.00% |
| bristolbay | 5325002.672 | 0 | - | 0.00% |
| teiva | 5276562.396 | 1030000 | - | 0.00% |
| xhunter | 5233237.27 | 0 | - | 0.00% |
| jeraud-kanze | 5172697.487 | 0 | - | 0.00% |
| ccedk.escrow2 | 5150294.966 | 0 | - | 0.00% |
| ironbank | 5144966.404 | 8000 | - | 0.00% |
| laow | 5057707.821 | 0 | - | 0.00% |
| roland.sun | 5022491.809 | 0 | - | 0.00% |
| prebuffo1970 | 4834033.226 | 0 | - | 0.00% |
| geravia-mackinnon | 4777689.635 | 0 | - | 0.00% |
| mybak | 4709246.334 | 0 | - | 0.00% |
| harvey | 4699121.035 | 34839.55 | - | 0.00% |
| spring | 4673511.95 | 110000 | - | 0.00% |
| cnfund | 4646823.745 | 0 | -44,636.74 | -0.95% |
| bts88 | 4527532 | 0 | - | 0.00% |
| impseu1 | 4432045.44 | 0 | - | 0.00% |
| btsxzzh2 | 4348431.46 | 0 | - | 0.00% |
| onceuponatime | 4229204.902 | 0 | - | 0.00% |
| tomotomo | 4221554.156 | 0 | 1,799,037.82 | 74.26% |
| kimziv0 | 4176436.612 | 0 | 39,999.85 | 0.97% |
| stellar | 4118034.258 | 4637.1 | - | 0.00% |
| slim | 4100811.632 | 0 | - | 0.00% |
| quonael-lievesley | 4087235.19 | 0 | - | 0.00% |
| elendasa-benjamin | 3925769.873 | 0 | - | 0.00% |
| wesley-waugaman | 3921027.341 | 0 | - | 0.00% |
| comp6 | 3841746.954 | 0 | 3,644,236.47 | 1845.09% |
| hermes3 | 3832194.901 | 0 | - | 0.00% |
| wys | 3706185.413 | 0 | - | 0.00% |
| lzr1900 | 3661808.423 | 588173.69 | -1,457,810.92 | -28.47% |
| jaehyuk | 3627054.385 | 0 | - | 0.00% |
| bterdeposit | 3566708.451 | 0 | -81,093.57 | -2.22% |
| bts-morning | 3491846.009 | 0 | - | 0.00% |
| mike-primorac | 3479329.453 | 0 | - | 0.00% |
| koocaa | 3453196.418 | 0 | - | 0.00% |
| btsxcn | 3376400.917 | 0 | - | 0.00% |
| tomotomo1 | 3332277.428 | 0 | - | 0.00% |
| ags | 3256677.911 | 0 | - | 0.00% |
| scottmclane | 3251127.476 | 0 | - | 0.00% |
| tyrone-shoelaces | 3233062.134 | 0 | - | 0.00% |
| chryspano | 3200097.451 | 0 | - | 0.00% |
| bafohald-degeorge | 3189865.947 | 0 | - | 0.00% |
| sauron | 3159306.231 | 0 | - | 0.00% |
| satoshi-pie | 3117366.191 | 0 | - | 0.00% |
| bunkerchainlabs-com | 3076668.779 | 0 | - | 0.00% |
| bitgate-ico1 | 3040926.067 | 0 | - | 0.00% |
| null-account | 3011944.766 | 0 | - | 0.00% |
| trans.bot | 2983990.455 | 730093.7856 | -1,809,884.23 | -37.75% |
| anonym7 | 2972988.998 | 0 | - | 0.00% |
| profoot | 2949982.108 | 0 | - | 0.00% |
| ccddd | 2800000 | 0 | - | 0.00% |
| mostar | 2751889.402 | 22900 | - | 0.00% |
| rand1 | 2586346.83 | 0 | - | 0.00% |
| bang-king | 2570420.185 | 0 | - | 0.00% |
| kan791 | 2569361.488 | 0 | - | 0.00% |
| dragongroup | 2549459.689 | 0 | - | 0.00% |
| hardfork2 | 2545413.479 | 0 | - | 0.00% |
| serg | 2515783.949 | 0 | - | 0.00% |
| dark-angel | 2508416.068 | 0 | - | 0.00% |
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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
Hey Jim thank you for the great support. Do you have a witness section yet? After we updated the witnesses pay, it would be good to see the changes among witnesses in this report too. Thx
This post has been ranked within the top 25 most undervalued posts in the second half of Mar 07. We estimate that this post is undervalued by $9.45 as compared to a scenario in which every voter had an equal say.
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@steempower Nice post. TYhanks for share.