Bitshares - State of the Network - 13th December 2017

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Welcome to the 65th 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 - 13th December 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.

  • On the 8th of December 2017 at 15:40 UTC, the most recent protocol upgrade was successfully deployed on the main BitShares blockchain. The most prominent change of this upgrade was the introduction of BSIP18 which allows market pegged assets that underwent a global settlement event to be revived. All affected BitAssets have been revived successfully and can now be traded, borrowed and settled like normal. More information HERE

  • Smartcoins are pumping!, This week has seen a 23% increase in the smartcoin supply making a new All Time High in the circulating supply of stable coins within the Bitshares platform. The largest increase in circulating supply came from BitUSD which has increased by 38%, Ruble has increased by 22% and BitCNY and BitEUR have also both seen a 16% increases. Nearly 1/5 (20%) of all Bitshares BTS in circulation is being held by the blockchain as collateral to back smartcoins

  • Bitshares has breached 1 Million Transactions in a 24 hour period this month. As reported by Blocktivity.info which shows Bitshares and Steem as the only blockchain to reach the 1 Million TX per day milestone.

  • Bitshares has reached over 500,000 accounts registered on the chain this week. Congratulations to 'b7483' who is the owner of the 500,000th account on the network.

  • Eristica is Migrating to BitShares and Stan and Michael will be joining their board of advisers. Eristica has been doing a "Candid Camera" meets "Pokemon" app for several years now and its gained a LOT of traction in Russia. 1.2 million people have used their app to dare someone to do something entertaining. You can find more information about this HERE

  • @xeldal has announced the addition of a new public Bitshares API Full-Node in Kansas City, Missouri, USA. This node add's to a large array of geographically diverse Public API nodes that allow clients from all over the global to have low latency connections to the Bitshares networks from lite clients running on their computers. More information HERE

  • A fork of the very popular trading bot platform 'BTSBot' has been released. The previous developer 'Alt' has shutdown the original service and now a new team has reconstructed the services and relaunched the platform. The new service can be found at bitsharesbot.com. You can find more information about the service and the updates by following @aperson (Latest update HERE)

  • @Stan Larimer has been invited to talk at the 2018 Conscious Media Festival in Austin Texas on the 2-4th of March. More information HERE

  • The Beyond Bitcoin Bitshares weekly hangouts have now moved to the Discord platform. You can join the Bitshares Discord HERE and also catch the latest hangouts streamed live on youtube HERE

  • Current registered wallets/accounts within the Bitshares network is 500549; an increase of 17507 wallets/accounts since last week

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

  • The last asset registered this week is asset #2598 and it is named 'GDEX.ETH' registered by 'gdex-team' with the description 'GDEX issued Ether backed asset, https://gdex.io'.

Smartcoin issuance chart showing weekly change since the start of 2017

# of Accounts holding BTS (only have a few weeks of data so far)

% of BTS circulating supply held as collateral for Smartcoins

Bitshares Transactions per day exceed 1,000,000 TPD

Bitshares Market Pegged Assets (Smartcoins) - A better alternative

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 Supply2,604,585,189 795,217.000.03%
BTS Stealth287,532-0.00%
BTS in Open Orders (DEX - T250)10005871.83 927,440.008.91%
Reserve Pool995990568 -795,028.00-0.08%
RP Accumulated fees59,727 -1,906.00-1.00%
Collateral (top 250) backing Smartcoins482132018 18,862,645.004.38%
Top 100 Total1,104,494,131 -25,171,371.00-2.10%
Top 100 - minus Exchanges445,312,318 -47,058,334.00-9.89%
Exchanges659,181,813 21,886,963.003.02%
Non Exchanges1,945,403,376 -21,091,746.00-1.12%

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
BTC0.000011420.1940002760,070,610.1511,653,714.3876%-25.5%
USDT0.19190.1915,055,760.002,893,854.2119.1%-48.3%
ETH0.000311120.184473383,446,494.41635,786.474.4%-43.1%
BNB0.069190.18523514186,69734,582.830.2%-80.7%

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, USD and Open.BTC

Smartcoins

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

AssetSupplyPriceMarket Cap BTSMarket Cap USDSupply Change W/W
BTS2,604,585,1890.1942,604,585,189$505,615,073.77 0.031%
BTS Stealth287,5320.194287,532$55,817.150.000%
Reserve Pool995,990,5680.194995,990,568$193,346,659.05 -0.080%
Accumulated fees59,7270.19459,727$11,594.50 -0.992%
BitUSD10,350,2625.1853,614,357$10,350,262.00 38.229%
BitCNY123,598,2420.78296,653,825$18,762,922.86 16.910%
BitEUR98,1836.09597,934$116,074.02 16.555%
BitBTC46.488,0294,084,546$792,912.37 2.004%
BitGold82.86,377528,016$102,501.020.000%
BitSilver11,64180.8940,593$182,592.570.000%
Ruble4,839,1130.0871421,487$81,821.11 22.322%
HERO1,6648271,376,128$267,140.83 3.745%

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-munich534713
btsabc4874103
compumatrix1252750
sdr23440
digital-nomad223734
bituniverse2099193
jianjolly-017430
stormheart11460
cryptofresh114035
magicw96025
xeroc9110
ebit82322
fav76557

Vote Proxies

This section will track the change in proxy voting

AccountOpinionsFollowersWeight (M)Weight Change (M)
xeroc39219234.6 3.5
bitcrab6975234 3.5
openledger373667101.9 17.5
still2321297 3.8
baozi306843.9 -6.6
fav2413542.3 0.4
blckchnd2782324.7 0.2
laomao35420.9 -1.1
abit4646515.6 0.8
bitshares-munich-wallet212213.8 -0.7

Committee Members

This section will track shareholder approval of committee members

AccountVotes (M)Votes Change (M)
bitcrab893.8 177.8
abit859.3 186.5
witness.still808.4 206
xeroc765.3 137.6
bhuz700.1 46.3
bunkerchainlabs-com681 89.5
clayop676 117.6
openledgerdc574.4 135
ebit472.8 87.2
chris4210471.8 92.7
fav426.2 108.5

Active Witnesses

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

RankWitnessVotesMissedMissed W/W
1in.abit 1.6.35 950.37091
2openledger-dc 1.6.76 907.16129
3witness.yao 1.6.71 863.635561
4witness.still 1.6.69 854.8918774
5bhuz 1.6.17 846.315752
6xn-delegate 1.6.59 837.62818
7roelandp 1.6.74 802.6292
8blckchnd 1.6.75 799.991810
9sahkan-bitshares 1.6.73 783.48941
10delegate-1.lafona 1.6.28 752.6438912
11crazybit 1.6.84 679.54552
12rnglab 1.6.45 672.620739
13abc123 1.6.65 669.71274
14 xeldal 1.6.22 6132253
15 wackou 1.6.18 583.818484
16 fox 1.6.16 538.23608
17xman 1.6.64 527.61641
18 mr.agsexplorer 1.6.24 486.374881763
19 verbaltech2 1.6.34 485.8383110
20 delegate.freedom 1.6.63 4794861
21cyrano 1.6.21 448.13539
22 roadscape 1.6.13 439.91465
23 delegate-clayop 1.6.27 439.34842
24 delegate.ihashfury 1.6.26 432.8869
25elmato 1.6.20 400.34269

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 %
1poloniexcoldstorage230,001,2040-0.00%
2poloniexwallet136,065,4320-31,403,559.00 -18.75%
3bitcc-bts-cold77,042,3460-2,000,002.00 -2.53%
4binance-cold-164,008,888019,000,000.00 42.21%
5bittrex-deposit46,827,3200-4,496,080.00 -8.76%
6zbbts44,287,3570-4,021,864.00 -8.33%
7yun-bts20,807,0730-1,098,855.00 -5.02%
8btschbtc18,000,9860-0.00%
9a2dcdf323a8a576408f62604b17a8a5217,731,6680169,976.00 0.97%
10jubi-bts14,591,8960832.00 0.01%
11echocold112,847,6560-0.00%
12stan12,510,8200-0.00%
13alexna6412,143,6950-0.00%
14evan10,659,6920-0.00%
15getch-bts9,533,3590-0.00%
16virtual-ventures9,318,0780-0.00%
17coinegg-main9,208,3740-9,853.00 -0.11%
18roje8,850,4190-0.00%
19ibilitlan-scoltock8,673,9580-0.00%
20cievia-waugaman7,990,2130-0.00%
21graphene20157,744,4510-0.00%
22binance-bts-17,549,31104,275,164.00 130.57%
23invictus7,494,3640-0.00%
24jiny27,438,9840-0.00%
25haeassa-granovsky7,431,9310-0.00%
26exxbts7,180,923038,885.00 0.54%
27cass6,800,0200-200,000.00 -2.86%
28abinia-rivard6,550,5630-0.00%
29bitcoinindonesia6,520,8030158,721.00 2.49%
30keebler-kahn6,500,7700-0.00%
31tyrone-shoelaces6,498,5410192,451.00 3.05%
32abc.btsbots6,075,04025,0005,074,997.00 507.48%
33fericia-brick5,766,6230-0.00%
34btszhqxf5,734,7120-0.00%
35tsuratsura-35575,667,7720-0.00%
36yoyow.team5,579,0490-0.00%
37storj5,547,7260-0.00%
38zbsend5,500,1530497,416.00 9.94%
39spring5,482,7040-0.00%
40hnnr85,460,9970-0.00%
41linhan5,425,0950-0.00%
42cadord-ozois5,423,1730-0.00%
43ld6364335,394,2290301,818.00 5.93%
44xhunter5,192,0940-0.00%
45jeraud-kanze5,172,6980-0.00%
46brother-john5,074,5730-0.00%
47arbor45,008,5370-0.00%
48onceuponatime4,998,948131,692-193,482.00 -3.73%
49bts-subscribe4,912,795410,000-72,877.00 -1.46%
50geravia-mackinnon4,777,6910-0.00%
51binance-bitshares-gvbdb84k6h4,733,7990-7,373,433.00 -60.90%
52xgqing4,351,9030-0.00%
53btsxzzh24,348,4320-0.00%
54bts-morning4,334,0950661,266.00 18.00%
55quonael-lievesley4,087,2350-0.00%
56oh-bts4,000,0010-417,084.00 -9.44%
57coldstorage14,000,0000-0.00%
58super-bts3,999,9900-0.00%
59slim3,946,5540-0.00%
60wesley-waugaman3,921,0270-0.00%
61serg3,867,3490-0.00%
62goodc0re3,778,2070-0.00%
63livecoin-net3,756,3880-25,489.00 -0.67%
64jackkang3,482,9380-0.00%
65bitspark-deposit3,406,43601,274.00 0.04%
66laplap53,341,2710-0.00%
67stat-dude3,312,792385,332-1,854,981.00 -35.90%
68jaehyuk3,227,0530-0.00%
69bafohald-degeorge3,189,8660-0.00%
70scottmclane3,177,1160-0.00%
71wind-flower3,174,1920-0.00%
72bilbo-baggins3,151,0300-0.00%
73lao-wallet3,140,2420-0.00%
74null-account3,011,9470-0.00%
75swipetoken8883,000,0060-0.00%
76billion-hero-prize3,000,0000-0.00%
77tel-9112,909,1360-0.00%
78kryptobeast072,849,7800-0.00%
79koocaa2,781,3550-0.00%
80bts-scotter2,761,963112-1,085,969.00 -28.22%
81roland.sun2,733,5750-0.00%
82random1232,700,6070-0.00%
83ajc142,569,401654,381-760,283.00 -22.83%
84hardfork22,545,4130-0.00%
85chainsquad2,528,0140-0.00%
86thread2,513,4840-0.00%
87hodor2,509,8800-0.00%
88dark-angel2,505,7770-0.00%
89sk2,500,0090-200,000.00 -7.41%
90dev.bitsharesblocks2,416,7120-2,959.00 -0.12%
91spook2,296,8490-0.00%
92poloniex2,239,8850331.00 0.01%
93nana-roseannadana2,209,9860-0.00%
94yvg19002,201,0370-0.00%
95kedaliwin-tefft2,192,4330-0.00%
96wayne-btsx2,190,9120-0.00%
97vikramatre...2,162,5430-0.00%
98talos2,161,5390-0.00%
99alpha-dog2,140,2592571,140,259.00 114.03%
100top-quants2,128,0090-0.00%

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! :)

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Sort Order:  trending
62
  ·  last month

Is it concerning that the Profit/Expenses from the Bitshares Reserve Pool is typically negative? Does that mean that Bitshares is running at a loss and could become unstable financially?

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73
  ·  26 days ago

Great question and sorry for the delayed response; i hope this finds you well..

Bitshares as an evolving platform is reinvesting in it own development with the funding of worker proposals. The chart is actually slightly deceiving as for the last 6 months or so worker proposals have been being paid with Smartcoin via the multisig escrow mechanism. What this means is that more than the required amount of BTS is being managed by the multisig escrow which is using the BTS it receives to buy or create smartcoin for payment of the workers. This helps the ecosystem as well as shareholders and workers as the payment for worker proposals is a stable rate and does not fluctuate with the value of BTS.

The Multisig escrow burns the excess BTS back into the reserve pool after some time; this can be seen as the massive spike of profitability on the same chart that seen 6.5 Million BTS being returned to the reserve pool. As such this chart is not as informative as it once was and would require further analysis to determine if our income (fees) are more than out expenses (witnesses and worker proposals).

I would be pretty confident that if we were to halt all active development we would be instantly profitable, but the net benefits of the development and work being preformed is far greater in the long run.

While on this topic; consider the effects once Bitshares is running at a profit; Bitshares will become a deflationary currency as the circulating supply would be reduce W/W at the same time as our warchest for investment would be growing. not to mention a raising price helps collateral ratios of the smartcoins thus promoting further growth and more utility.

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62
  ·  25 days ago

awesome reply, thank you.

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50
  ·  last month

i real need some simply explanation on bitshare

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49
  ·  26 days ago

It's supposed to be Bitcoin re-imagined as an actual profitable entity. So far, Bitshares is significantly more profitable than Bitcoin but yet still not making an actual profit.

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49
  ·  26 days ago

I agree that Bitshares should be making profit. Lord knows Bitfinex is.

57
  ·  last month

My favourite time of the week. Thank you. ;)

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73
  ·  last month

Cheers Tony! Thank you

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40
  ·  last month

You welcome, so i am new assist me to grow

67
  ·  last month

LMAO. That advert for Eristica is crazy. Throwing a cat in a radioactive box is not a good look, but then again, it's Russia.


I can see this app doing really well until the first actual Death-By-Eristica

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73
  ·  last month

I had exactly the same thoughts as you when i seen that cat... I do like the idea of the project though; could get very interesting :)

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67
  ·  last month

Yeah, it's a cool idea. Count me in!

68
  ·  last month

Another fantastic update! THANK YOU!!!

Now I wonder if the "2018 Conscious Media Festival in Austin Texas on the 2-4th of March, invitation for Stan comes from the people I contacted a few months ago!?! This is super cool and what a potent place to be invited to speak to.

Namaste :)

40
  ·  last month

Bitshares needs to focus on better marketing?! Supported by Ledger Nano S would also be nice..

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73
  ·  last month

It has always been a weak point but we are seeing a large amount of positions being funded through the Bitshares worker proposals now and we already have a team of people looking at marketing. hopefully we can see the position become official and make sure we get the word out!
Would also love to see this on Ledger, i know @agorise was working on this; all his stuff is public so if he is busy and someone has the skills we can bring this forward and get it funded
Thanks for the comment

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40
  ·  last month

This is okey now for the large fund, and with your help i too can grow. So i look forward in your assistance in this site. Thanks

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48
  ·  last month

Marketiers have yet to get excited about the possible earnings trough the BitShares affiliate program. Nothing you can do about it so far. But BitShares may be the only blockchain project that actively pays for marketing on the protocol level. Very promising in the long run.

59
  ·  last month

Instead of cryptokitties, we'll be seeing cryptomons now?

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73
  ·  last month

No worries if they run the 'mons' on DPOS

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59
  ·  last month

Haha! That would be great. Something like using your tokens to tame monsters. OMG! I'm so excited!

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62
  ·  last month

Pokemon mmorpg ran on crypto's, how awesome would that be!

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40
  ·  last month

With you no worry because i know you will help me grow here as a new comer. Thanks.

53
  ·  last month

Very Informative and good analysis Bitshares

47
  ·  last month

Wow. That is a lot of charts. Thanks for sharing the information.

60
  ·  last month

Thank @steempower for sharing these amazing updates of agreat DEX platform

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40
  ·  last month

This is very nice

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40
  ·  last month

Yes you are welcome

45
  ·  last month

I was hoping to learn more about recent problems. I just opened account 2 days ago and yesterday I couldn't send Steem to BTS, OpenLedger was down, Blocktrades was down. My account was out of sync. Scarry for new member. I have seen questions on chat and Reddit, but not much of explanations, if this is normal, does it happens often, how reliable the whole thing is regarding all this. It is hard getting any information what is happening. And you would want to know more, to understand what is going on, if you want to send & have money there.

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40
  ·  last month

HoDLconsulting‏ 7 min
Plus
I want to borrow myself a million bit.RUBLE and hedge it against the irresistible ascencion of Arthuro Hui $BTS ;)

44
  ·  last month

wow wonderful post of the week thanks @steempower

45
  ·  last month

very informative post this type..

57
  ·  last month

@steempower - Outstanding summary & valuable information you shared sir... You made the week so great...

+W+ [UpVoted & ReSteemed]

56
  ·  last month

will bitshare hit 0.0002 BTC again or not, I baught it when it was 0.00002 BTC, will I take a profit someday ? I am wating for more than three months !

61
  ·  last month

@steempower,
It's a wonderful week for all BTS investors and with your weekly summary it made perfect! Great market news analysis and thanks for sharing this excellent summary with us!

Cheers~

40
  ·  last month

This is very nice

50
  ·  last month

I was thinking about buying some BitShares and your post definitely push me to buying. I hope it all goes well. Thank you :)

38
  ·  last month

Nice, i very like it

44
  ·  last month

Excellent read, thank you.

25
  ·  last month

This is some great info.

40
  ·  last month

Thank you!

61
  ·  last month

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 45 and the total pending payments to posts in these categories was $1845.95. 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.

45
  ·  last month

I wait for the report everyday XD
great work

48
  ·  last month

thanks lots!!

43
  ·  last month

Your bitshares update always refreshed my spirit because future is certain

37
  ·  last month

ı have seen one of the best shares . thanks. :)

69
  ·  last month

Bitshares-changed happens on Bitshares network ... I do not understand with the information you provide but I am sure this will be useful for all of us ... Thanks for the great information @steempower

25
  ·  last month

Chain-Group Earn money every day.
Join here : https://bit.ly/2j1MrQV

.

39
  ·  last month

500,000 new accounts in a week? We can all be happy about this. I feel we are reaching the tipping point :)

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50
  ·  last month

Not 500,000 in a week! 500,000 in all.
;)

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39
  ·  last month

hahaha... Thanks for the clarification.

25
  ·  last month

Interesting.. I need to look more about it.

27
  ·  last month

Nice information

42
  ·  last month

Buen contenido.

50
  ·  last month

Great presentation @steempower ! Thank you for sharing this. Resteemed!

69
  ·  last month

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

  • Pending payout - Ranked 7 with $ 214,51
58
  ·  last month

Nice Extensions @steempower!!

I just need advice and support for my work and my friends my friend. Thanks for the support.

https://busy.org/indonesia/@atta09/learn-to-draw-3d-letters-a-belajar-menggambar-3d-huruf-a-two-language

25
  ·  last month

https://bitshares.org/register/

Why is there no step 3? Step 1,2,4 are all there.

I was excited to create an account but not gonna do it without a step 3.

8
  ·  last month

Thanks for share this ... nice post ... Keep it up

58
  ·  last month

Hi , just opened an bitshares account and need some help as I made a mistake. Maybe you can give an advice. I didn't download my password (as I thought the file name is it) however I still have this long account recovery number. Can I get my password back with it or do I have to create a new account? And if possible, where do I put in this recovery number ?

50
  ·  last month

Niceeeeeeeeeeeeeeee
DQmUuCadQ5VxCBD3Fyj1Z4CY4CEX3NhWX13r8Jw6mi4sXy2.gif

46
  ·  last month

the future

38
  ·  last month

Nice Information, thnx!