State of the Network - 19th September 2017

Welcome to the 53rd 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 - 19th September 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 has broken it old record by achieving 920,000 Operations in 1 day! Which gives it a 24 hour average of 10.64 Operations per second (i.e on the 13th of Sept, every second 10.64 operations (transfers, order creates/cancels/fills, account creation, asset creation, voting ect) occurred on the Bitshares Blockchain)

• The Bitshares TESTNET has successfully hardforked. The hardfork includes BSIP0018 and some minor consensus upgrades. Testing is being performed before being given the all clear for the changes can be merged into the Bitshares production network.

• A new version of the Bitshares reference wallet (light client) has been released this week (version 2.0.170915). You can find more information on the release HERE

• @Stan has done an interview with radio host Kerry Lutz this week. This interview covers everything from bitcoin, the billion hero campaign, ICOs and the Token Exchange Self Regulating Body (TXSRB). You can find the interview HERE

• @Stan has done an interview with Giselle Koy (@gisellekoy), the interview is part of the "My Digital Sovereignty" series. You can view the full interview HERE

• Transwiser has announced they will be shutting down their Chinese operation under the Transwiser branding and replacing current services with Magic Wallet. You can see the official announcement HERE and see Magic Wallet HERE

• @Jeremypeng and the BitUniverse team have released and announcement today open sourcing their new Bitshares Wallet and Trade mobile application. The app is currently available for download from the google playstore HERE. You can view their announcement HERE and you can view the code on their github page HERE

• BitSilver has been affected by a global settlement event which has prevented the smartcoin from being borrowed into existence. Current supply is still trading as normal but no new BitSilver smartcoins can be created at this time. Never fear BSIP-0018 is being tested on the testnet at the moment that will allow assets in this situation to be revived. You can find out more about this BSIP HERE. If you would like to learn more about global settlements @estefantt has written a good post HERE

• This week has seen a 180% increase in orders on the DEX (as seen sampled from the top 250 accounts in BTS terms).

• While collecting the data for this report I noticed that on the 19-09-2017 the Bitshares DEX had a 24 hour trade volume totalling 15.4 million USD.

• This week has seen Bittrex's wallet (bittrex-deposit) increase by 25 million BTS. As a result they have overtaken PoloniEx for the single largest wallet in BTS terms.

• STEALTH FBA has started selling on the Bitshares DEX this week ahead of the STEALTH public testnet opening up. STEALTH is the first Fee Backed Asset (FBA) on the network, you can learn more about FBA's HERE

• OpenLedger has added deposit and withdrawal gateways for WAVES and INCENT tokens to the Bitshares DEX.

• @richcg has developed a new iteration of the Bitshares website concept. You can view his latest update HERE

• A LTM (Life Time Membership) only channel has been added to the Bitshares Discord. Entry to the channel can only be gained by verifying your account with @fav which can be done on Discord. There are plenty of other channels for various projects and topics so head over and join the conversation. See HERE for more details.

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

• Current registered wallets/accounts within the Bitshares network is 416673; an increase of 6881 wallets/accounts since last week

• The last asset registered this week is asset #1888 and it is named 'BRIDGE.LTC' registered by 'cryptobridge' with no description.

Smartcoin issuance chart showing weekly change since the start of 2017

Bitshares New ATH daily transaction count

Graphic by Telegram user 'BTS-Bourgeoisie'

Tweet from @Bitshares - could not say it better myself

Sneak peak of the completely redesigned website. Coming soon.

BitUniverse's Bitshares Wallet & Trade - Now Open source - Details HERE

Magic wallet

@Stan's interview with Giselle Koy (@gisellekoy) as part of the "My Digital Sovereignty" series

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 could potentially be 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.

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.

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! :)