Bitshares - State of the Network - 20th February 2018

Welcome to the 74th 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 - 20th February 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.

• Long time Bitshares community member, advocate and witness Ryan R. Fox (aka ‘fox’ / @fox) has released a BitShares Core Team Budget Worker Proposal for 2018. The worker includes a full team of Core Developers, Business Analysts’, QA testers, Documentation specialists and a UI/UX Liaison to work in a focused and coordinated effort to improve the Bitshares blockchain in a number of key areas. Ryan himself will also coordinate the efforts of the team amongst his other roles as a Business Analyst and QA tester. The greater team consists of proven members of the community who have shown their skills and dedication to the Bitshares network over many years. This worker proposal is very well written with a large amount of detail on the scope, deliverables, team members, budgets, development cycles, roles, collaboration tools and initiatives; the worker proposal itself speaks volumes for the quality of the leadership and transparency this team is aiming for!. Exciting key initiatives have already been outlined including Atomic Cross Chain Transactions, Trustless Gateways, Confidential Transaction / Assets, Hardware wallet support and more. I strongly encourage every Bitshares holder to consider this worker proposal and vote accordingly when it is released (I will let you know). Personally; looking at the quality of the team and their previous contribution, their ambitious road map and objectives I fully support this proposal and am excited to see it drive innovation in Bitshares for 2018. Please see more information HERE

• The Quintric Family of Coins to Begin Pre-Launch Promotion. Quints “The World’s First Family of Precious Metal Legal Tender Cryptocurrencies”. The Quintric family of coins is set to be 100% backed by gold and silver and held in reserve. The Quintric system will offer coins which are redeemable for tangible precious metals that are to be stored on site combining fully auditable blockchain technology and state of the art vaulting, meaning token holders will be able to confirm they’re really holding gold and silver. The Quintric system is built on the BitShares platform, allowing some of the fastest transactions in the cryptocurrency economy. This project has only just been released so there is plenty of research to be done; but I am excited by this project and cannot wait to dig into the details. More information HERE or on the Quintric Website

• @Stan Larimer was the final speaker at the Dallas Bitcoin Superconference. Surely leaving a lasting impression on the minds of conference attendees when he spoke about Graphene technology dominating the space in terms of active transactions on the network. You can all the details HERE

• This week the Bitshares Blockchain Foundation has returned 100,000 BTS from their excess funds as part of their escrow operation; So far, a total of 400,000 BTS have been returns to the Bitshares reserve pool.

• @mrstaf has announced a new public Bitshares node running out of Sweden (wss://Bitshares.nu/ws). More information HERE

• The Bitspark teams has released another update to the Zephyr project. Update #6 covers some technical and business updates including new server hardware, announcement of an upcoming Bitshares public node, upcoming conference and more. Read the full report HERE

• The Bitsharestalk forum is back online. Bitsharestalk went offline early last week and was offline for roughly 5 days while the Team at Bitsapphire restored services and got everything running again.

• 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 746039; an increase of 6715 wallets/accounts since last week

Smartcoin issuance chart showing weekly change since the start of 2017

Number of accounts holding BTS (off exchanges)

BitShares Core Team Budget Worker Proposal - Development Initiatives 2018 - source

Quintric – Physical Gold and Silver tokenised on the Bitshares network

Stan and his slidedeck from the Dallas Bitcoin Superconference – source

New Bitshares public node in Sweden – source

Bits.Farm - Claim your Free AirDrop Tokens HERE

BITFARM, The first Bitshares based simulation game is about to launch. Bits.Farm is a farming simulation game that runs entirely on the Bitshares network. There is no ICO, no crowdsale only a free airdrop. Claim your FREE BitFarm tokens HERE all you need is a Bitshares account and access to telegram!. Official announcement HERE

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	2,609,028,201	373,529.00	0.01%
BTS Stealth	287,639	147.00	0.05%
BTS in Open Orders (DEX - T250)	14256427	1,743,443.00	13.93%
Reserve Pool	991544953	-373,529.00	-0.04%
RP Accumulated fees	37401	-	0.00%
Collateral (top 250) backing Smartcoins	429361965	630,682.00	0.15%
Top 100 Total	1,455,613,190	6,692,855.37	0.46%
Top 100 - minus Exchanges	714,254,295	8,662,216.37	1.23%
Exchanges	741,358,895	-1,969,361.00	-0.26%
Non Exchanges	1,867,669,306	2,342,890.00	0.13%

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
BTC	0.00002383	0.26689456	15,004,480.28	4,004,614.20	44.06	-23.8%
USDT	0.26701958	0.27	12,981,946.87	3,466,892.21	38.1%	-42.8%
BITCNY	1.72	0.27705643	4,048,872.07	1,121,766.04	11.9%	125.3%
ETH	0.00028283	0.26547387	1,786,389	474,239.66	5.2%	0.3%

Worker Proposals

This section will identify the current approved and pending worker proposals

Active Worker:

• Alfredo Garcia - Core Development for Second half of 2017
• 201708-bitsharesui
• Abit - Core Developer - 201712~201803
• Joint Marketing Campaign of Exchanges WP
• 201710-spokesperson
• 201710-compliance
• 201802-legal-bts
• BitShares Greater China Representative
• 201712-infrastructure
• DEXBot - User Friendly BitShares Market Making Software
• 201801-budget-chinese-translations
• Refund400k

Proposed Worker

• 2018-02-bitsharesui
• 201802-documentation
• 2017-12-blockchainacademy
• Crypto-Solutions
• 201802-legal-bts
• 201802-bsip29
• 2018-02-bitsharesui
• Soledger - Vikram/Agent86 - Project administration & essential maintenance
• Fund to pay dividend
• NeoWorker - neoreel-1

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.

Asset	Supply	Price	Market Cap BTS	Market Cap USD	Supply Change W/W
BTS	2,609,028,201	0.268	2,609,028,201	$699,492,879.66	0.014%
BTS Stealth	287,639	0.268	287,639	$77,117.39	0.051%
Reserve Pool	991,544,953	0.268	991,544,953	$265,837,921.65	-0.038%
Accumulated fees	37,401	0.268	37,401	$10,027.39	0.000%
BitUSD	14,746,995	3.73	55,006,291	$14,747,448.54	0.477%
BitCNY	234,377,051	0.588	137,813,706	$36,948,510.57	9.426%
BitEUR	133,183	4.63	616,637	$165,323.39	0.453%
BitBTC	42.1	41,779	1,758,896	$471,568.36	0.238%
BitGold	194	5,014	972,716	$260,789.79	0.000%
BitSilver	21,947	62.2	1,365,103	$365,990.72	0.000%
Ruble	8,413,012	0.066	555,259	$148,867.53	-15.783%
HERO	1,283	601	771,083	$206,731.02	-1.308%

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
btsabc	5658	0
bitshares-munich	5458	0
bituniverse	4293	109
compumatrix1	2571	0
digital-nomad	2462	16
sdr	2354	0
cryptofresh	1750	31
jianjolly-0	1743	0
magicw	1598	4
bcp2017	1187	0
stormheart	1146	0
estefantt	1078	10
by24seven	1007	13

Vote Proxies

This section will track the change in proxy voting

Account	Opinions	Followers	Weight (M)	Weight Change (M)
bitcrab	69	90	178.4	9
xeroc	41	207	156.7	0.1
openledger	36	8904	152.1	5.1
michaelx	52	105	78.6	1.3
still	85	354	65.5	0.3
blckchnd	32	1549	47.8	-0.8
abit	50	753	25.5	-0.6
fav	32	159	26.2	0.2
baozi	30	61	15	-7.4
payger	20	9	12.1	0

Committee Members

This section will track shareholder approval of committee members

Account	Votes (M)	Votes Change (M)
bitcrab	837.2	-106.4
abit	818.3	-113.9
bhuz	704.7	-115.9
xeroc	678.6	-122
witness.still	586.8	-109
bunkerchainlabs-com	562.4	-140.4
openledgerdc	528.4	-188.5
clayop	502	-124.9
fav	435.6	22.8
ebit	417.8	-143.5
chris4210	403.4	-149.2

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	883.4	720	2
2	bhuz 1.6.17	789.3	1591	7
3	roelandp 1.6.74	783	39	2
4	witness.yao 1.6.71	776.5	3567	2
5	witness.still 1.6.69	770.7	9237	15
6	xn-delegate 1.6.59	756.4	2857	1
7	delegate-zhaomu 1.6.98	724.3	592	571
8	delegate-1.lafona 1.6.28	703.7	4411	4
9	xeldal 1.6.22	692.5	2283	6
10	abc123 1.6.65	676.3	1302	8
11	xman 1.6.64	648.5	1680	2
12	verbaltech2 1.6.34	607.6	3913	4
13	rnglab 1.6.45	595.8	2110	4
14	delegate.freedom 1.6.63	581.9	4886	4
15	fox 1.6.16	581.3	4097	431
16	sahkan-bitshares 1.6.73	576.3	1233	34
17	crazybit 1.6.84	567.9	490	10
18	elmato 1.6.20	550	4335	2
19	openledger-dc 1.6.76	544.9	651	3
20	blckchnd 1.6.75	443.2	960	1
21	witness.hiblockchain 1.6.105	439.3	0
22	wackou 1.6.18	425	1882	9
23	winex.witness 1.6.101	421.6	1
24	delegate.taolje 1.6.38	395.6	4771
25	billbutler-witness 1.6.92	387.5	478

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 %
1	poloniexcoldstorage	230,001,204	-	0.00%
2	binance-cold-1	114,787,664	-	0.00%
3	binance-bitshares-gvbdb84k6h	81,011,837	2,452,535.00	3.12%
4	zbbts	78,613,453	553,502.00	0.71%
5	delta-lion	72,833,164	0.37	0.00%
6	gamma-rabbit	63,822,581	-	0.00%
7	poloniexwallet	60,335,354	-402,806.00	-0.66%
8	zbchubei01	60,000,090	-	0.00%
9	bitcc-bts-cold	42,750,970	-4,000,000.00	-8.56%
10	alpha-dog	29,533,961	9,330,655.00	46.18%
11	bittrex-deposit	23,960,174	-506,303.00	-2.07%
12	ranchorelaxo2017	21,769,774	-	0.00%
13	abit	20,081,511	-	0.00%
14	btschbtc	17,000,984	-	0.00%
15	a2dcdf323a8a576408f62604b17a8a52	15,635,524	319,665.00	2.09%
16	stan	15,470,955	-	0.00%
17	jubi-bts	14,591,906	-	0.00%
18	ld636433	12,920,027	457,417.91	3.67%
19	alexna64	12,143,695	-	0.00%
20	gate-io-bts	12,037,547	1,599,975.00	15.33%
21	aloha	11,826,827	-2,999.00	-0.03%
22	yun-bts	11,255,051	-66,289.00	-0.59%
23	echocold1	11,097,651	-	0.00%
24	anonymous	11,063,774	-	0.00%
25	evan	10,659,692	-	0.00%
26	btsbank-alpha	10,138,267	4,246,191.45	72.07%
27	graphene2015	9,866,632	607,838.00	6.56%
28	the-ae	9,669,144	-3,095,162.00	-24.25%
29	getch-bts	9,535,172	-	0.00%
30	virtual-ventures	9,153,485	-	0.00%
31	yoyow.team	8,876,484	-	0.00%
32	bts-subscribe	8,719,675	444,359.00	5.37%
33	ibilitlan-scoltock	8,673,958	-	0.00%
34	onceuponatime	8,656,980	-165,667.00	-1.88%
35	roje	8,040,409	-	0.00%
36	cievia-waugaman	7,990,214	-	0.00%
37	mr-wang	7,856,959	-	0.00%
38	invictus	7,494,364	-	0.00%
39	jiny2	7,438,984	-	0.00%
40	haeassa-granovsky	7,431,931	-	0.00%
41	adidas.com	7,077,542	701,507.73	11.00%
42	btercom	7,050,208	-	0.00%
43	cass	6,737,585	-	0.00%
44	denkhaus	6,703,732	-12,041.00	-0.18%
45	abinia-rivard	6,550,563	-	0.00%
46	keebler-kahn	6,500,770	-	0.00%
47	tyrone-shoelaces	6,498,541	-	0.00%
48	tsuratsura-3557	6,390,852	-	0.00%
49	enki	6,084,651	-428,303.00	-6.58%
50	bts-morning	5,899,220	-	0.00%
51	bristolbay	5,870,000	-124.00	0.00%
52	fericia-brick	5,766,623	-	0.00%
53	btszhqxf	5,734,712	-	0.00%
54	bettersbts	5,574,575	910,158.27	19.51%
55	spring	5,560,779	-	0.00%
56	tel-911	5,500,034	-1,499,986.00	-21.43%
57	hnnr8	5,460,998	-	0.00%
58	cadord-ozois	5,423,173	-	0.00%
59	storj	5,412,277	-135,896.00	-2.45%
60	xhunter	5,192,094	-	0.00%
61	jeraud-kanze	5,172,698	-	0.00%
62	bitcoinindonesia	4,996,187	81,026.00	1.65%
63	rvrts	4,963,633	-	0.00%
64	linhan	4,824,288	-	0.00%
65	geravia-mackinnon	4,777,691	-	0.00%
66	brother-john	4,612,086	-200,000.00	-4.16%
67	arbor4	4,406,073	-602,464.00	-12.03%
68	xgqing	4,351,903	-	0.00%
69	btsxzzh2	4,348,432	-	0.00%
70	seer	4,213,794	-	0.00%
71	ptschina	4,114,442	-	0.00%
72	quonael-lievesley	4,087,235	-	0.00%
73	bts1998	4,000,023	-	0.00%
74	coldstorage1	4,000,000	-	0.00%
75	oh-bts	4,000,000	-	0.00%
76	super-bts	3,999,990	-	0.00%
77	slim	3,939,098	-	0.00%
78	wesley-waugaman	3,921,027	-	0.00%
79	ifly	3,904,917	-	0.00%
80	serg	3,867,349	-	0.00%
81	rit-capital-partners	3,801,385	495,190.64	14.98%
82	goodc0re	3,781,249	2,537.00	0.07%
83	peak-yannie	3,333,334	-	0.00%
84	ak-999	3,317,134	2,317,134.00	231.71%
85	y-123	3,232,649	-	0.00%
86	lyh-2012	3,200,391	78,490.00	2.51%
87	livecoin-net	3,200,376	36,032.00	1.14%
88	bafohald-degeorge	3,189,866	-	0.00%
89	scottmclane	3,177,116	-	0.00%
90	bilbo-baggins	3,151,030	-	0.00%
91	lao-wallet	3,140,242	-	0.00%
92	cylonmaker2053	3,135,503	-	0.00%
93	aleks	3,052,476	-	0.00%
94	makkiavelli1977	3,043,023	6,095.00	0.20%
95	null-account	3,011,947	-	0.00%
96	mcxcwbts	3,000,686	-	0.00%
97	billion-hero-prize	3,000,000	-	0.00%
98	roland.sun	2,923,130	-	0.00%
99	jackkang	2,860,941	-	0.00%
100	austintexas11	2,822,888	721,349.00	34.32%

Thanks for viewing :)

I value your feedback.
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I hope you enjoyed this report! :)

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