Welcome to the 82nd 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 - 8th May 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.
The 2018 Global Graphene Blockchain Development Conference has successfully concluded in Shanghai. With over 40 speakers and over 1000 attendees from all over the world this conference was a massive success! The event was organized by teams from BlockGeek and GDEX who did an amazing job with the venue and organisation of the speakers and guests. Thank you to Jerry Liu (Bitcrab) and everyone involved in making this an amazing event! It is definitely a milestone to be proud of. See the pictures of the event below and mark your calendars for 2019. @jademont as one of the organisers has uploaded a gallery of pictures and video recordings of the event which can be found HERE <- +5%
Annemieke Dirkes announced the launch of the Graphene Foundation which has been founded as a Dutch Non-Profit Organisation (Website: graphene.community). The foundation will have 3 key representatives which are divided geographically. Alfredo Garcia (@oxarbitrage) will represent USA, Fabian Schuh (@Xeroc) for Europe and a China representative to be announced.
eXeBlock has announced Development of Bitcoin Payment Sidechain that will allow all Bitcoin owners direct access to the Company’s Graphene based decentralized applications. eXeBlock has invested nearly 1,000 hours in programmer and development time on the sidechain, which is nearing completion. More information HERE
Hungarian Cryptocurrency Foundation has announced the launch of Nowcoin on the Bitshares blockchain, The NowCoin Market Game was invented to create a social ecosystem for Nowcoin, with holders motivated to enter and hold Nowcoin, and with merchants interested in supplying services to the network members in exchange for Nowcoin. More information HERE
CryptoFresh the long running, original Bitshares block explorer has seen an infrastructure upgraded this week including a new high speed 512GB NVMe (non-volatile memory express) SSD for improved response time and performance. The migration to new hardware was completed on Tuesday. @Roadscape (Founder of CryptoFresh) has also been working on fork resolution code which is still being developed and tested but will eventually allow the block explorer to recover from forks automatically with the end goal to reduce administration and improve uptime for the service during edge cases such as fork’s on the chain . A majority of the data being used in these reports is sourced from CryptoFresh and @Roadscape has always been very supportive and responsive if I ever need any assistance with the data! I would like to extend a massive Thank you to Roadscape for running this valuable service for many years as a voluntary effort!
This week’s Bitshares hangout recording has been published and is available HERE
Current registered wallets/accounts within the Bitshares network is 909516; an increase of 12002 wallets/accounts since last week
Smartcoin issuance chart showing weekly change since the start of 2017
Number of accounts holding BTS (off exchanges)
Pictures from the 2018 Global Graphene Blockchain Development Conference – source
Beyond Bitcoin - Bitshares Talk - 5th May 2018 - source
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 in Open Orders (DEX - T250)||10279597.4||377,767.80||4.65%|
|RP Accumulated fees||37,401||-||0.00%|
|Collateral (top 250) backing Smartcoins||387844728||-15,122,713.00||-3.77%|
|Top 100 Total||1,474,555,928||-6,233,380.84||-0.43%|
|Top 100 - minus Exchanges||694,279,577||-6,233,380.84||-0.92%|
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.
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|
This section will identify the current approved and pending worker proposals
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 Bridge.BTC
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|
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.
This section will track the change in proxy voting
|Account||Opinions||Followers||Weight (M)||Weight Change (M)|
This section will track shareholder approval of committee members
|Account||Votes (M)||Votes Change (M)|
This section will track top 25 active witnesses and the changes in support
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
|Rank||Account||Total BTS||Change W/W||Change W/W %|
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