Welcome to the 37th 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 - 30th May 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 Fee reduction has been proposed by the committee member and approved by the shareholders and has just gone live. All fees have been reduced by around 83%. Consider how powerful the feature that enables a group of elected leaders to propose changes and a shareholder vote to approve them; once the review period has completed and shareholder consensus approval is reached; a 'maintenance interval' is all that is required for the changes to go live on the network! maintenance intervals (currently set to 1 hour) as well as block size, block time, witnesses, committee members, amount of witnesses, reserve pool budget and many other variables are able to be updated dynamically by shareholder approval. no coding, no drama, we vote and the chain adapts.. That agility baked right into the protocol!. You can view a comparison of the fee's before and after HERE

• 'This summer' is HERE along with 53 Million dollars of support for the HERO and a 1 Billion dollar challenge to supporters. There is also talks of VR and AR applications, reality 'Shark Tank' style TV show that would allow the home view to be involved in funding projects via blockchain, a new CRS exchange and tokens and 200 hungry entrepreneurs that just got a first class introduction and consulting to the best blockchain tech in the business. I cannot do this 'movement' justice; a whole post could also only go so far, but i highly recommend you looking the vision of this event and the support behind it.

• @abit has released a new Bitshares-core release (version 2.0.170531), The release contains security updates, improvements and bug fixes; including a whole range of new API calls as well as reduced RAM usage for witness nodes . You can find the latest release HERE

• Witness pay reduction from 3 BTS to 1 BTS has been approved by the committee and submitted to the network. Bitshares Witnesses are now being paid 1 BTS per block.

• @dantheman has released a whitepaper explaining the DPOS consensus algorithm backing the Graphene toolkit. You can find the post HERE

• @stan has attended a conference in Hollywood last weekend, His 2nd talk has been uploaded to youtube and provides some interesting dynamics that are incoming for the Bitshares eco-system. you can view his HEROic talk HERE. As part of this event there was also a new website launched sovereignhero.com this website also shows current supporters of the Hero's vision and include names such as Sophia Stewart (Matrix Author), Susan Diol (Entertainer / Actress), Dr Roger Boger (Marketing), Brian Williams (Musician) and the Southern Cherokee nation and the Red Fire people (Independent Sovereign State).

• In this weeks Bitshares Hangout, @kencode and @onceuponatime have revealed that Bitshares Stealth utilizing CA (Confidential Assets) is in active development and should be seeing this tech hit the testnet in the next couple of months. Big thanks to @onceuponatime who has taken it upon himself to fund the remaining development of Stealth and ensure Ken and the team have the runway required to finalise the project.

• Bitshares to be included on the Jaxx mobile wallets. Jaxx has announce an expansion of their platform to support more cryptocurrencies and in the list of upcoming support is both Bitshares and Steem!. you can find the official announcement HERE

• Bitshares Alfredo has been working on a new Open Source blockexpl0rer, this is still a work in progress but the current work in progress is publicly hosted so you can get in and see it all coming together. View the new block explorer HERE

• Openledger has partnered with Airbitz to use their edge security SDK to allow users on the Openledger platform to create an account utilizing the Airbitz account model, meaning that for OpenLedger users, there are no words to write down, no files to save, and no data to encrypt. It all happens automatically, magically. You can find out more about this upcoming feature HERE

• @officialfuzzy is running a logo contest for the Whaleshares voting token with a grand prize of 2000 Whaleshares and plenty of runner up bounties. Get involved in the contest by following the spec in his recent post which can be found HERE

• YOYOW have released a report regarding their crowd sale which has completely sold out in 3 days with the project raising 2000 BTC in the process. Wishing them all the best success for their platform and i personally can't wait to see another Graphene chain develop and flourish. They are looking to launch their main-net before October. You can find the original post HERE

• @cm-steem has proposed an idea for a radical new type of Formula Backed Asset (FBA) on the Bitshares network dubbed 'Hertz'. Hertz is a Formula Based Asset (FBA) which is pegged against the [USD|XDR|***(poll running at the moment)] and modified to oscillate between rising the price feed and decreasing it in a predictable manner, thus we create phases of buying and selling pressure constantly back and forth forever. You can find out more about his proposal HERE, He is also running a poll to determine the best base currency to peg the value too; you can cast your vote and get in on the discussion HERE

• @btswolf has created a new info-graphic titled 'Bitshares - Basic connection layer'. This info-graphic is explaining the different Bitshares components and how they all connect in the bigger picture. You can find this info-graphic and others he has created HERE

• The Bitshares DEX this week has traded over 5.5 Million USD in a 24 hour period on the 27th of May; i have included a screenshot below

• The 'BitsharesDEX' telegram channel has 888 members ;)

• @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 weeks Bitshares hangout recording has been published and is available HERE

• This weeks Beyond Bitcoin hangout recording has been published. This week had talks from @dennishlewis @timcliff @cm-steem you can find more details and last weeks recording HERE

• Current registered wallets/accounts within the Bitshares network is 188493; an increase of 4703 wallets/accounts since last week

• The last asset registered this week is asset #1388 and it is named 'NESLV' registered by 'ns-si1ver' with the description 'Shares of Northeast Silver Game Studio'.

Bitshares DEX traded a 24 hour volume of 5.5 Million USD on 27th of May

After a lot of work from Stan and the team, i believe it is now "Summer"

@btswolf latest inforgraphic on the bitshares connection layer

Smartcoin issueance chart showing weekly change since the start of 2017

Hero Makers - find out more HERE

Stan in Hollywood

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	2,602,081,205	411,006.00	0.02%
BTS Stealth	267,172	300.00	0.11%
BTS in Open Orders (DEX)	15051771.62	-	0.00%
Reserve Pool	998,491,287	-413,406.00	-0.04%
RP Accumulated fees	5,446	-1,317.00	-19.47%
Collateral (top 250) backing Smartcoins	422166394	23,352,831.40	5.86%
Top 100 Total	1,437,389,894	-17,448,004.00	-1.20%
Top 100 - minus Exchanges	504,443,713	-15,200,323.00	-2.93%
Exchanges	932,946,181	-2,247,681.00	-0.24%
Non Exchanges	1,669,135,024	2,658,687.00	0.16%

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	0.45120616	0.07	98,895,050.27	6,508,836.30	59.4%	-35.3%
BTC	0.00002757	0.06558899	67,473,759.09	4,425,535.56	40.6%	-61.8%
WAVES	0.05	0.0919263	0.00	0.00	0.0%
USD	0.0952381	0.0952381	0.00	0.00	0.0%
EUR	0.0372653	0.04166863	0	0.00	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

Proposed Worker

• Fund to pay dividend

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 BTS, CNY and USD

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	2,602,081,205	0.06567584	2,602,081,205	$170,893,868.89	0.0158%
BTS Stealth	267,172	0.06567584	267,172	$17,546.75	0.11%
Reserve Pool	998,491,287	0.06567584	998,491,287	$65,576,754.01	-0.0414%
Accumulated fees	5,446	0.06567584	5,446	$357.67	-19.47%
BitUSD	1,804,282	15.52	28,002,457	$1,804,282.00	30.63%
BitCNY	25,603,776	2.22	56,840,383	$3,733,039.88	-10.71%
BitEUR	72,547	17.36	1,259,416	$82,713.20	-2.70%
BitBTC	64.2	35,472	2,277,302	$149,563.75	-14.51%
BitGold	48.4	19,605	948,882	$62,318.62	51.25%
BitSilver	5,217	268.7	1,401,808	$92,064.91	21.86%
Ruble	720,746	0.2746	197,917	$12,998.36	-57.97%
HERO	66	2,432	160,512	$10,541.76	121.03%

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	3092	59
compumatrix1	2243	23
jianjolly-0	1743	0
btsabc	972	182
openledger	518	4
cryptocurrency3	426	158
sdr	422	140
fav	370	4
cryptofresh	369	11
gn1	296	21
ccm2015	257	16
by24seven	209	14
xiangxn	200	14

Vote Proxies

This section will track the change in proxy voting

Account	Opinions	Followers	Weight (M)	Weight Change (M)
xeroc	36	164	237.6	-1.1
bitcrab	64	27	234.9	2.6
laomao	35	4	139.2	39.6
baozi	29	67	65.9	5.2
bitshares-munich-wallet	15	17	22.8	-0.6
fav	16	47	15.3	-2.1
btsabc	59	21	14.1	0.8
yao	33	36	12.7	-1.5
abit	41	386	12	0.1
dahu	21	1	9.1	0.2

Committee Members

This section will track shareholder approval of committee members

Account	Votes (M)	Votes Change (M)
bitcrab	817.4	16.6
abit	779.1	19.9
bhuz	753.6	24.9
chris4210	699.4	-1.6
clayop	672.6	27.8
xeroc	655.8	-5.5
bunkerchainlabs-com	596.4	-3.6
ebit	440.7	-2.3
harvey-xts	418	30.4
openledgerdc	416.3	0.4
fav	309.2	-9.8

Active Witnesses

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

Rank	Witness	Votes	Missed	Missed W/W
1	in.abit 1.6.35	861.5	310
2	verbaltech2 1.6.34	847.5	1220	6
3	bhuz 1.6.17	846.9	1099
4	wackou 1.6.18	833.1	1277	1
5	witness.yao 1.6.71	830.9	3140	1
6	rnglab 1.6.45	819.3	1345	4
7	xman 1.6.64	810.7	1161	3
8	delegate.baozi 1.6.37	805.4	1026
9	jerryliu 1.6.72	802.8	5291	2
10	fox 1.6.16	775.5	2909	1
11	witness.still 1.6.69	756	8341	3
12	xn-delegate 1.6.59	697.2	2297	3
13	xeldal 1.6.22	692.3	1184	4
14	roelandp 1.6.74	661.4	2
15	openledger-dc 1.6.76	656.9	46	35
16	blckchnd 1.6.75	618.4	191	100
17	sahkan-bitshares 1.6.73	602.4	153	1
18	abc123 1.6.65	594.4	854	3
19	harvey-xts 1.6.23	586.4	5128	1
20	delegate.freedom 1.6.63	552.7	3595	13
21	delegate-1.lafona 1.6.28	548.3	695	14
22	mr.agsexplorer 1.6.24	523.1	2732	1428
23	elmato 1.6.20	503.7	3010	1
24	spartako 1.6.15	492.1	991	13
25	delegate.ihashfury 1.6.26	473.3	869

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	Balance(inc orders)	Orders	Change W/W	Change W/W %
1	poloniexcoldstorage	290,001,203	0	-	0.00%
2	bitcc-bts-cold	166,419,015	0	-20,000,001.00	-10.73%
3	poloniexwallet	140,729,488	0	1,306,924.00	0.94%
4	yunbi-granary	100,000,000	0	-	0.00%
5	yun-bts	89,980,702	0	43,352,865.00	92.98%
6	bittrex-deposit	64,585,165	0	6,572,040.00	11.33%
7	yunbi-cold-wallet	49,994,976	0	-	0.00%
8	stan	20,618,874	0	-	0.00%
9	aloha	20,352,389	0	-282,160.00	-1.37%
10	bterdeposit	18,186,520	0	574,598.00	3.26%
11	bitshares-munich-wallet	15,941,244	0	-1.00	0.00%
12	jy2017	15,696,111	0	15,596,111.00	15596.11%
13	btercom	13,049,112	0	-	0.00%
14	cass	11,460,166	0	20,000.00	0.17%
15	abit	11,369,676	10,000	46,530.00	0.41%
16	evan	10,659,692	0	-	0.00%
17	crypto-maniac	10,613,397	0	-	0.00%
18	hnnr8	10,471,002	0	-	0.00%
19	tsuratsura-3557	10,169,118	0	-2,100,875.00	-17.12%
20	jiny2	9,521,640	0	-	0.00%
21	virtual-ventures	9,318,078	0	-	0.00%
22	bts-19800	9,188,216	0	-6,388,576.00	-41.01%
23	roje	8,850,430	0	-	0.00%
24	invictus	8,815,143	0	-	0.00%
25	ibilitlan-scoltock	8,673,958	0	-	0.00%
26	cievia-waugaman	7,990,213	0	-	0.00%
27	haeassa-granovsky	7,431,931	0	-	0.00%
28	alexna64	7,263,382	0	-	0.00%
29	mcxcwbts	6,915,641	0	-4,025,068.00	-36.79%
30	graphene2015	6,827,919	0	-1,409,632.00	-17.11%
31	onceuponatime	6,705,286	0	28,767.00	0.43%
32	abinia-rivard	6,550,563	0	-	0.00%
33	keebler-kahn	6,500,770	0	-	0.00%
34	coldstorage1	6,499,999	0	-	0.00%
35	comp6	6,433,564	0	-304,033.00	-4.51%
36	multisig-worker-2017-01	6,401,110	0	-	0.00%
37	millibit53	6,234,726	0	-	0.00%
38	linanjun	6,226,373	102,793	-1,980,969.00	-24.14%
39	fericia-brick	5,766,623	0	-	0.00%
40	btszhqxf	5,734,712	0	-	0.00%
41	bts-morning	5,690,722	0	13,609.00	0.24%
42	linhan	5,425,095	0	-	0.00%
43	cadord-ozois	5,423,173	0	-	0.00%
44	pay.xeroc	5,390,365	0	-	0.00%
45	cryptonomex	5,385,629	0	-	0.00%
46	spring	5,365,474	0	-	0.00%
47	bristolbay	5,325,011	0	12.00	0.00%
48	xhunter	5,233,238	0	-	0.00%
49	jeraud-kanze	5,172,698	0	-	0.00%
50	brother-john	5,074,573	0	-	0.00%
51	dev.bitsharesblocks	5,037,129	998,245	-601,764.00	-10.67%
52	prebuffo1970	5,001,826	0	-	0.00%
53	laow	4,937,707	0	-	0.00%
54	synergy3	4,806,769	0	-	0.00%
55	geravia-mackinnon	4,777,691	0	-	0.00%
56	tyrone-shoelaces	4,461,959	0	-	0.00%
57	btsxzzh2	4,348,432	0	-	0.00%
58	slim	4,153,504	0	-	0.00%
59	quonael-lievesley	4,087,235	0	-	0.00%
60	tkoba99	4,034,084	1,559	690.00	0.02%
61	wesley-waugaman	3,921,027	0	-	0.00%
62	trans.bot	3,844,708	0	-5,298,549.00	-57.95%
63	hermes3	3,832,195	0	-	0.00%
64	bts-198hot	3,751,115	0	2,270,128.00	153.28%
65	satoshi-pie	3,697,790	0	-	0.00%
66	btsnow	3,648,808	0	-	0.00%
67	jaehyuk	3,627,054	0	-	0.00%
68	jackkang	3,598,756	0	3,498,756.00	3498.76%
69	laplap5	3,493,800	0	-	0.00%
70	bunkerchainlabs-com	3,472,197	0	203,409.00	6.22%
71	scottmclane	3,251,127	0	-	0.00%
72	bitcoinindonesia	3,204,892	0	508,426.00	18.86%
73	bafohald-degeorge	3,189,866	0	-	0.00%
74	wind-flower	3,174,192	0	-	0.00%
75	goodc0re	3,116,355	9,942	-14,162.00	-0.45%
76	null-account	3,011,945	0	-	0.00%
77	anonym7	2,972,989	0	-	0.00%
78	tel-911	2,909,136	0	2,899,194.00	29161.07%
79	mostar	2,747,734	0	-	0.00%
80	douglasriese1994	2,642,911	0	-	0.00%
81	rand1	2,586,347	0	-	0.00%
82	bang-king	2,570,419	0	-	0.00%
83	hardfork2	2,545,413	0	-	0.00%
84	serg	2,515,784	0	-	0.00%
85	thread	2,485,990	0	-	0.00%
86	chainsquad	2,484,154	0	-	0.00%
87	anonymous	2,448,356	515,840	-5,592,247.00	-69.55%
88	rg33m43ffaeqdrnk	2,427,023	0	31,426.00	1.31%
89	dragongroup	2,401,511	0	-	0.00%
90	sauron	2,338,702	0	-	0.00%
91	b1tshares	2,309,214	0	698,406.00	43.36%
92	spook	2,296,849	0	-	0.00%
93	impseu1	2,290,156	0	158,178.00	7.42%
94	nana-roseannadana	2,209,986	0	-	0.00%
95	yvg1900	2,201,037	0	-	0.00%
96	kedaliwin-tefft	2,192,433	0	-	0.00%
97	sahkan	2,185,267	1,000,000	78,934.00	3.75%
98	bitcc-bts	2,182,888	0	-24,913,913.00	-91.94%
99	talos	2,171,652	0	-	0.00%
100	vortac2bts	2,157,675	0	-	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! :)

Image Credit: @cass

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