Bitshares - State of the Network - 23rd January 2018

in #bitshares7 years ago (edited)


Welcome to the 70th 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 - 23rd January 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.

  • BTS being used as collateral for the smartcoin economy has increased by 13.5% this week which brings the total BTS being locked by the network to back smartcoins to a record high of 19.7%.

  • This week has seen a 55.8% increase in Open orders on the Bitshares DEX!. This week also shows a 24 hour volume of over 40 Million USD and last week’s record setting 170 Million USD 24 hour volume is suggesting the liquidity is increasing as adoption grows and more people seek a more transparent and open means of exchange without restrictions that can be imposed on centralized entities.

  • Congratulations to Alfredo Garcia (Bitshares core developer) who has had his new worker proposal approved by the Bitshares holders for a second term working as one of the Bitshares core developers!. Alfredo work ethic has been proven in the previous term and i personally (Bitshares in general as well i am sure) am very happy to see his work continue.

  • This week the "Sovereign Hero / Arise Bank Radio Show" hosted by Art Mobley interviewed Stan Larimer, Jared Rice and special Guest Evander Holyfield. You can finds Stan's announcement and links to the podcast HERE

  • PoloniEX is reporting issues with their Bitshares wallet again.. The Bitshares spokespersion has reached out to PoloniEX to offer support if they require assistance, they have also offered direct line of communication in case of any future issues. They are currently awaiting a response. It is worth mentioning that the network is healthy and running fine and all other exchanges and services running on the Bitshares network are functioning as expected. For more information see HERE

  • The BitShares Blockchain Foundation has announced they have started returning excess funds from the Bitshares escrow that has been used to pay worker proposals. They are releasing these funds back to the reserve pool in small chunks to prevent spikes in the weekly statistics. Operation 1.11.120681976 was the first batch 150,000 BTS being returned to the reserve pool. There is still a balance of 782,339.68910 BTS to be returned in futue batches. See the announcement HERE

  • @Stan Larimer has done a 1 hour appearance on the Bob Zadek's show discussing the basics of Bitcoin and Blockchains. Bob is big from Denver to the Left Coast and he was interested in introducing his audience to the generic concepts behind "The Bitcoin Industry". Check out all the details and links to the show HERE

  • @apasia.tech has introduced a WordPress WooCommerce Bitshares Gateway Plugin. This is still a work in progress project which @apasia.tech has been focusing on with some input from @stan and @michaelx. A few improvements/bugs have been identified by the developer who is giving an ETA of about 3 weeks to finish of the plugin. Please see the post HERE for full details and screenshots of the setup and interface.

  • @heiditravels has done a great write up and video on blockchain generations running through some 1st Gen blockchain such as Bitcoin and Litecoin, 2nd Gen such as Ethereum and NEO and 3rd Gen Such as Bitshares and Steem. She also discusses what EOS is proposing to add to the table. For full details please see her post HERE and see the video included below.

  • @fav has done a great post this week showing how to view current committee proposals and find out which committee members are voting for or against the proposal. See the full details HERE and make sure to consider the flexibility and power being displayed in the images (also posted below).

  • @richcg has expanded on the Bitshares Quick Reference Guide that Aaron/Crypto Fielder and Kevin Messerly/Kimchi King put together and have made it into a website. Be sure to check out this post HERE and direct new users to the Quick reference website www.is1.co/guide

  • OpenLedger has announced the termination of the BTSR project (HubDSP and Bitteaser). On February 1st 13:00 GMT the remaining BTSR that is held by Openledger will be burnt and following that burn OpenLedger will create a buy order on the Bitshares DEX to buy all remaining BTSR with OBITS (BTSR_OBITS). Price will be determined by the current market value of both BTSR and OBITS to give the users the same value in OBITS in return for their BTSR (at the time the order is placed). For more details please see btsr.io

  • 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

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

  • Current registered wallets/accounts within the Bitshares network is 664177; an increase of 20249 wallets/accounts since last week

Smartcoin issuance chart showing weekly change since the start of 2017

WordPress WooCommerce Bitshares Gateway Plugin - source

Bitshares Quick Reference Guide website - source

Elected Bitshares committee member voting on network proposal (fee changes, block time, witness pay ect ect)


@heiditravels - Blockchain Generations - source

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 Supply2,607,463,466 215,270.000.01%
BTS Stealth287,458-0.00%
BTS in Open Orders (DEX - T250)9850389 3,354,768.0055.86%
Reserve Pool993109688 -215,270.00-0.02%
RP Accumulated fees37,401-0.00%
Collateral (top 250) backing Smartcoins516106735 65,283,074.0013.54%
Top 100 Total1,099,483,858 -40,352,517.00-3.65%
Top 100 - minus Exchanges409,063,404 -51,674,558.00-11.60%
Exchanges690,420,454 11,322,041.001.72%
Non Exchanges1,917,043,012 -11,106,771.00-0.57%

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
BTC0.000029920.3191293323,802,688.427,596,136.0646%-79.9%
USDT0.33586880.3422,541,369.447,576,004.1943.6%-45.3%
ETH0.000328120.31980754,865,477.571,556,016.229.4%-61.5%
BNB0.024150.31933818476,937152,304.170.9%-75.4%

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 Bridge.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
BTS2,607,463,4660.3272,607,463,466$851,814,508.96 0.008%
BTS Stealth287,4580.327287,458$93,907.700.000%
Reserve Pool993,109,6880.327993,109,688$324,432,250.83 -0.022%
Accumulated fees37,4010.32737,401$12,218.280.000%
BitUSD18,958,6983.04557,729,235$18,859,171.36 -5.610%
BitCNY338,737,7990.475160,900,455$52,563,475.37 21.111%
BitEUR244,6413.74914,957$298,901.19 -14.023%
BitBTC45.132,6771,473,733$481,443.71 -4.449%
BitGold249.54,0761,016,962$332,224.40 -0.359%
BitSilver22,38651.81,159,595$378,820.14 -0.063%
Ruble16,179,1340.0538870,437$284,357.28 0.593%
HERO2,4844931,224,612$400,060.17 0.040%

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
btsabc553639
bitshares-munich54239
bituniverse3833205
compumatrix125650
digital-nomad237919
sdr23531
jianjolly-017430
cryptofresh160756
magicw149130
bcp2017116325
stormheart11460
estefantt99724
xeroc9120

Vote Proxies

This section will track the change in proxy voting

AccountOpinionsFollowersWeight (M)Weight Change (M)
bitcrab6785299.5 56.5
xeroc40211162.1 -47.3
openledger388252125.7 45
still8121658.1 -3.6
blckchnd29144447 17
michaelx223842.6 8.8
fav2914531.9 -0.7
abit5064921.9 1.7
baozi306317.9 -3.4
bitshares-munich-wallet222213.20

Committee Members

This section will track shareholder approval of committee members

AccountVotes (M)Votes Change (M)
bitcrab903.3 105
abit888.5 108.1
xeroc792.6 67.7
witness.still767.7 48.2
clayop736.9 68.8
bhuz734.5 93.1
openledgerdc676.3 135.4
bunkerchainlabs-com665.6 62.5
chris4210503.8 88.4
ebit468 47.3
fav419 10.6

Active Witnesses

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

RankWitnessVotesMissedMissed W/W
1in.abit 1.6.35 926.47131
2 roelandp 1.6.74 850.132
3 bhuz 1.6.17 822.315791
4witness.yao 1.6.71 789.135642
5witness.still 1.6.69 776.692015
6xn-delegate 1.6.59 765.928354
7 xeldal 1.6.22 753.422662
8 delegate-1.lafona 1.6.28 727.244012
9delegate-zhaomu 1.6.98 707.691
10 abc123 1.6.65 682.812834
11 xman 1.6.64 652.4166711
12 openledger-dc 1.6.76 645.36376
13 rnglab 1.6.45 643.320945
14 crazybit 1.6.84 6004701
15 elmato 1.6.20 592.842973
16delegate.freedom 1.6.63 587.848692
17verbaltech2 1.6.34 547.438669
18blckchnd 1.6.75 541.794815
19 fox 1.6.16 533.936206
20 delegate.ihashfury 1.6.26 492869
21 billbutler-witness 1.6.92 488.146987
22 sahkan-bitshares 1.6.73 474.31196
23 delegate.taolje 1.6.38 425.747651
24 delegate-clayop 1.6.27 421.25200
25 bitcrab 1.6.56 413.80

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%
2binance-cold-1114,787,6640-0.00%
3zbbts81,385,32604,162,184.00 5.39%
4poloniexwallet80,073,0140-1,697,918.00 -2.08%
5binance-bitshares-gvbdb84k6h61,635,029046,537,657.00 308.25%
6bitcc-bts-cold46,750,3130-4,677,606.00 -9.10%
7bittrex-deposit25,283,7940-575,444.00 -2.23%
8btschbtc17,000,9840-0.00%
9ranchorelaxo201716,978,28502,759,915.00 19.41%
10jubi-bts14,591,9060-0.00%
11echocold112,597,6510-250,005.00 -1.95%
12alexna6412,143,6950-0.00%
13yun-bts11,861,0120-127,863.00 -1.07%
14evan10,659,6920-0.00%
15a2dcdf323a...9,986,4920-136,247.00 -1.35%
16getch-bts9,535,17201,813.00 0.02%
17graphene20159,193,7810-0.00%
18ibilitlan-scoltock8,673,9580-0.00%
19roje8,040,4090-0.00%
20cievia-waugaman7,990,2140-0.00%
21anonymous7,985,55702,300,000.00 40.45%
22invictus7,494,3640-0.00%
23jiny27,438,9840-0.00%
24haeassa-granovsky7,431,9310-0.00%
25onceuponatime7,367,3991264001,652,676.00 28.92%
26abit7,071,5110-4,399,922.00 -38.36%
27btercom7,050,20802,000,000.00 39.60%
28cass6,737,5850-0.00%
29abinia-rivard6,550,5630-0.00%
30keebler-kahn6,500,7700-0.00%
31tyrone-shoelaces6,498,5410-0.00%
32fericia-brick5,766,6230-0.00%
33btszhqxf5,734,7120-0.00%
34storj5,547,7260-0.00%
35spring5,482,7040-0.00%
36hnnr85,460,99801.00 0.00%
37cadord-ozois5,423,1730-0.00%
38mr-wang5,290,67814500051,800,005.00 51.57%
39xhunter5,192,0940-0.00%
40jeraud-kanze5,172,6980-0.00%
41arbor45,008,5370-0.00%
42tsuratsura-35574,875,0010-0.00%
43linhan4,825,0940-0.00%
44geravia-mackinnon4,777,6910-0.00%
45bitcoinindonesia4,704,8640252,356.00 5.67%
46xgqing4,351,9030-0.00%
47btsxzzh24,348,4320-0.00%
48quonael-lievesley4,087,2350-0.00%
49coldstorage14,000,0000-0.00%
50oh-bts4,000,0000-0.00%
51super-bts3,999,9900-0.00%
52slim3,939,0980-0.00%
53wesley-waugaman3,921,0270-0.00%
54serg3,867,3490-0.00%
55goodc0re3,778,2070-0.00%
56bts-morning3,595,7510-281,419.00 -7.26%
57bafohald-degeorge3,189,8660-0.00%
58scottmclane3,177,116710000710,000.00 28.78%
59bilbo-baggins3,151,0300-0.00%
60lao-wallet3,140,2420-0.00%
61jaehyuk3,127,0530-0.00%
62zbsend3,103,1530-3,136,795.00 -50.27%
63the-ae3,065,47617277093,065,465.60 29475630.77%
64null-account3,011,9470-0.00%
65cny1233,000,9850-1,369.00 -0.05%
66mcxcwbts3,000,6860-0.00%
67bts14923,000,0060-0.00%
68billion-hero-prize3,000,0000-0.00%
69livecoin-net2,999,7360-17,813.00 -0.59%
70jackkang2,860,9410-0.00%
71koocaa2,781,3550-0.00%
72abc.btsbots2,776,2610-0.00%
73tong-xin2,772,1660-0.00%
74bunkerchainlabs-com2,764,7280-0.00%
75coinegg-main2,701,717066,462.00 2.52%
76hardfork22,545,4130-0.00%
77chainsquad2,528,0140-0.00%
78hodor2,509,8800-0.00%
79dark-angel2,505,7770-0.00%
80thread2,504,9350-0.00%
81sk2,500,0090-0.00%
82bitspark-deposit2,483,3280-0.00%
83makkiavelli19772,483,1340-0.00%
84asdbi-bts2,457,9670493,862.00 25.14%
85wackou2,416,7430-0.00%
86seer2,405,468090,673.00 3.92%
87brother-john2,362,168300000300,000.00 14.55%
88asdbii-bts2,361,9980-0.00%
89spook2,296,8490-0.00%
90poloniex2,256,9500-0.00%
91nana-roseannadana2,209,9860-0.00%
92yvg19002,201,0370-0.00%
93hlj-cold2,200,15802,199,999.60 1388888.64%
94kedaliwin-tefft2,192,4330-0.00%
95wayne-btsx2,190,9120-0.00%
96random1232,185,8470-0.00%
97vikramatrestt..2,162,5430-0.00%
98talos2,161,5390-0.00%
99ajc142,159,7041000001,159,704.00 115.97%
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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5,000 New BTS holders this week and 28,000+ since 2018 - These are account that hold BTS on the network (not on an exchange)

Great news! I'm very optimistic about the price path too:

https://steemit.com/bitcoin/@benkalashnikov/bitshares-bts-analysis-403-potential-profit

DQmRVoNGqh2ZaVcxe5LKs1oTifcSS9gVVCTvPwcmchvyGjh.png

This week new accounts are 20249, not 5000

Hay that's a good news and i hope it will move faster In coming weeks

More good news and thanks for including @apasia.tech looking forward to bringing the WP plugin to fruition soon.

Go Bitshares! 20% of BTS locked up. That is seriously exciting! Thank you so much for this report and all the work that you do!

Yeah 100%, BTS is a utility token in the smartcoin economy and the more BTS that is locked up will reduce the supply while boosting the potential of one of the core product (smartcoins) which will increase demand... once this cycle gets started its will be interesting to watch.

The Bitshares ecosystem is seriously like the most beautiful onion. SO many layers! Gotta love that upwards pressure on BTS. My fiance and I leave notes to "research and buy Bitshares" on our bill when we go out to eat. Gotta spread the word in creative ways!

Haha, nice. 😎

@steempower,
I think another big news comes from @onceuponatime. He is gives away huge amount of BTS freely :D As a help and appreciation! I think it's another hot news too!

Cheers~

I was reading that post by @onceuponatime. That was a giveaway within a certain group of Steemians that attended a meeting in Greece. At least that's what I gathered. Still, a pretty nice gift to give. :)

Good information,as always.

I will hold my 100,000 BTS til at least $100

More good news for BitShares :)

Wow! :)

Congratulations @steempower for successfully completing 70th report on an amazing DEX platform.

Hi -- thanks for the post. Bitshares is gaining great traction!

I had difficulty with that Discord link "The invite is invalid or has expired" -- could you please provide another?

Cheers,

dcj