Bitshares - State of the Network - 28th November 2017

Welcome to the 63rd 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 - 28th November 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.

• This week has seen a massive 36% increase in the smartcoin supply within the Bitshares platform. The largest increase in circulating supply came from BitUSD which has increased by 40% and BitCNY by 22%

• Bitshares will get a consensus level upgrade in the coming weeks. The protocol upgrade to Bitshares Core 2.0.171105a has been scheduled for the 8th of December 2017 at 15:40:00 UTC. All participating witnesses are reminded to upgrade the core software before the change. More details HERE

• A new Bitshares gateway and hosted wallet have launched this week GDEX.IO, The GDEX gateway only supports BTC at the moment but they are looking to add ETH, NEO, QTUM, BCH, IOTA and more in the near future. GDEX is operated by OBSIDIAN TECHNOLOGY CO. PTE. LTD. a company incorporated under the laws of Singapore Republic, the support team work in the office in Shanghai, China. You can find more information HERE

• @abit has used the worker proposal system to gauge shareholder support for BSIP-26 - Refund Order Creation Fee in Originally Paid Asset on Cancel and BSIP-27 - Asset Issuer Reclaim Fee Pool Funds. If you support the BSIP's and would like to see them implemented you can vote on the proposals within Bitshares Wallet under the 'Voting' tab.

• PoloniEX has re-enabled its Bitshares wallet for Deposit and Withdrawal. Still no statement has been made as to the reason why it was disabled. The Bitshares spokesperson is still awaiting a response..

• @apasia.tech has developed a 'Rough Guide to WALLET MANAGEMENT on the BitShares DEX' and a 'Rough Guide to Trading on BitShares DEX for beginners'. Despite the titles both these guides are great resources and go into a good level of detail.

• Details of another Bitcoin hardfork has surfaced.. Lightning Bitcoin (LBTC) is proposed to form Bitcoin on block #499,999 (~23rd of December 2017). The forked chain will mirror balances onto a chain running DPOS (Delegated Prrof of Stake). Not a lot of details are out so far but what ever the case this maybe great exposure for Bitshares and the DPOS consensus mechanism. You can find more details HERE

• A few Bitshares related articles have been released on Huffington post this week; Authored by @Michaelx you can see from the level of detail and length of these post he has been very busy. Please find the links to follow: Is Tether (USDT) Being Used for Money Laundering?, How The Blockchain Is Revolutionizing The Remittance Industry For The Unbanked, Is Poloniex Manipulating the Price of BitShares and Tether’s USDT Hacked for $31 Million

• 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 476275; an increase of 7479 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 #2422 and it is named 'OPEN.RZM' registered by 'openledger-wallet' with the description 'OpenLedger baked asset 1:1 razoom RZN. Learn more on: https://razoom.org/'.

Smartcoin issuance chart showing weekly change since the start of 2017

# of Accounts holding BTS (only have 6 weeks of data so far)

Cryptocurrency comparison

BitAssets - counterparty risk free stable 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.

Distribution	Balance	Change W/W	Change W/W %
BTS Supply	2,602,961,133	604,400.00	0.02%
BTS Stealth	287,432	-45.00	-0.02%
BTS in Open Orders (DEX - T250)	9658800.83	-2,437,855.00	-23.43%
Reserve Pool	997,614,323	-601,899.00	-0.06%
RP Accumulated fees	192,214	835.00	0.44%
Collateral (top 250) backing Smartcoins	449334292	26,015,682.00	6.04%
Top 100 Total	1,159,863,562	-34,524,178.00	-2.88%
Top 100 - minus Exchanges	500,375,237	8,539,168.00	1.79%
Exchanges	659,488,325	-43,063,346.00	-5.95%
Non Exchanges	1,943,472,808	43,667,746.00	2.33%

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
BNB	0.08029	0.15158961	134,482,815.86	20,386,197.06	52%	First week BNB
BTC	0.00001541	0.15	66,930,123.92	10,128,013.82	25.9%	-1.4%
ETH	0.00032681	0.15090198	38,503,897.55	5,810,314.44	14.9%	8.3%
USDT	0.1504	0.15034165	18,540,388	2,787,392.48	7.2%	-48.0%

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
• Joint Marketing Campaign of Exchanges WP
• 201710-spokesperson
• BitShares Greater China Representative
• Refund400k

Proposed Worker

• Abit - Core Developer - 201712~201803
• 2017-12-blockchainacademy
• 201712-infrastructure
• 201710-compliance
• Soledger - Vikram/Agent86 - Project administration & essential maintenance
• 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 CNY, USD and Open.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	2,602,961,133	0.152	2,602,961,133	$394,740,643.63	0.023%
BTS Stealth	287,432	0.152	287,432	$43,589.24	-0.016%
Reserve Pool	997,614,323	0.152	997,614,323	$151,288,820.63	-0.060%
Accumulated fees	192,214	0.152	192,214	$29,149.37	0.436%
BitUSD	6,735,221	6.39	43,038,062	$6,735,221.00	40.399%
BitCNY	80,047,857	0.971	77,726,469	$11,787,266.46	22.415%
BitEUR	75,537	7.61	574,837	$87,174.32	-4.132%
BitBTC	49.9	64,040	3,195,596	$484,614.08	-4.038%
BitGold	90	8544	768,960	$116,613.25	0.000%
BitSilver	8,820	113	996,660	$151,144.10	0.000%
Ruble	3,229,468	0.1093	352,981	$53,529.76	19.543%
HERO	1,522	1,046	1,592,012	$241,429.59	-4.035%

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	5327	14
btsabc	4671	34
compumatrix1	2468	3
sdr	2345	0
digital-nomad	2181	32
jianjolly-0	1743	0
bituniverse	1736	172
stormheart	1145	0
cryptofresh	1069	22
magicw	924	130
xeroc	911	11
ebit	792	4
fav	701	3

Vote Proxies

This section will track the change in proxy voting

Account	Opinions	Followers	Weight (M)	Weight Change (M)
xeroc	31	216	233.9	1.4
bitcrab	66	73	220.6	8.3
still	10	207	95.8	8.8
baozi	23	70	55.6	0.4
bitshareseurope	0	368	44	29
fav	22	131	39.6	0.4
blckchnd	22	761	24.7	0.3
laomao	35	4	24.6	-4.3
openledger	2	1772	21.1	8.3
abit	41	464	16.6	-0.4

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	868	707	2
2	witness.yao 1.6.71	783.7	3555	3
3	openledger-dc 1.6.76	780.5	601	10
4	witness.still 1.6.69	773.8	9113
5	bhuz 1.6.17	768	1570	4
6	xn-delegate 1.6.59	757	2818	1
7	roelandp 1.6.74	716	27
8	blckchnd 1.6.75	713.4	902	3
9	sahkan-bitshares 1.6.73	697.5	893	3
10	rnglab 1.6.45	676	2062	5
11	crazybit 1.6.84	675	452
12	delegate-1.lafona 1.6.28	669.6	2810	1
13	xeldal 1.6.22	615.3	2253
14	abc123 1.6.65	587	1274	2
15	delegate.baozi 1.6.37	570.8	1470
16	xman 1.6.64	528.3	1641	1
17	wackou 1.6.18	517.6	1843	1
18	verbaltech2 1.6.34	502.4	3819	3
19	delegate.freedom 1.6.63	481.4	4861	1
20	delegate.ihashfury 1.6.26	432.5	869
21	elmato 1.6.20	418.9	4269
22	mr.agsexplorer 1.6.24	410.7	5725
23	fox 1.6.16	374	3608
24	cyrano 1.6.21	352.5	3539
25	delegate-clayop 1.6.27	350.5	4842

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	230,001,204	0	-	0.00%
2	poloniexwallet	186,193,128	0	-42,042,032.00	-18.42%
3	bitcc-bts-cold	81,042,349	0	-13,000,001.00	-13.82%
4	bittrex-deposit	54,816,563	0	-7,056,697.00	-11.41%
5	zbbts	49,772,737	0	7,921,464.00	18.93%
6	binance-bts-1	37,847,177	0	33,414,057.00	753.74%
7	btschbtc	28,000,988	0	-	0.00%
8	yun-bts	24,515,231	0	-4,365,431.00	-15.12%
9	stan	15,201,023	0	-16,597.00	-0.11%
10	a2dcdf323a8a576408f62604b17a8a52	14,821,435	0	7,355,521.00	98.52%
11	jubi-bts	14,622,574	0	-10,013,242.00	-40.65%
12	echocold1	12,847,656	0	-	0.00%
13	alexna64	12,143,695	0	-	0.00%
14	evan	10,659,692	0	-	0.00%
15	coinegg-main	9,652,950	0	8,652,950.00	865.30%
16	getch-bts	9,533,359	0	-	0.00%
17	virtual-ventures	9,318,078	0	-	0.00%
18	abc.btsbots	9,000,045	25000	-5,500,000.00	-37.93%
19	roje	8,850,419	0	-	0.00%
20	ibilitlan-scoltock	8,673,958	0	-	0.00%
21	cievia-waugaman	7,990,213	0	-	0.00%
22	graphene2015	7,744,451	0	-	0.00%
23	bts-subscribe	7,667,591	0	92,471.00	1.22%
24	invictus	7,494,364	0	-	0.00%
25	jiny2	7,438,984	0	-	0.00%
26	haeassa-granovsky	7,431,931	0	-	0.00%
27	cass	7,000,020	0	10.00	0.00%
28	bts-scotter	6,885,207	112	-	0.00%
29	abinia-rivard	6,550,563	0	-	0.00%
30	keebler-kahn	6,500,770	0	-	0.00%
31	tyrone-shoelaces	6,306,090	0	310,000.00	5.17%
32	fericia-brick	5,766,623	0	-	0.00%
33	btszhqxf	5,734,712	0	-	0.00%
34	tsuratsura-3557	5,667,772	0	-	0.00%
35	yoyow.team	5,579,049	0	-	0.00%
36	storj	5,547,726	0	-	0.00%
37	spring	5,482,704	0	-	0.00%
38	hnnr8	5,460,997	0	-	0.00%
39	linhan	5,425,095	0	-	0.00%
40	cadord-ozois	5,423,173	0	-	0.00%
41	xhunter	5,192,094	0	-	0.00%
42	jeraud-kanze	5,172,698	0	-	0.00%
43	btsabc-lclouis326	5,101,288	0	-	0.00%
44	brother-john	5,074,573	0	-	0.00%
45	bitcoinindonesia	5,014,830	0	1,094,402.00	27.92%
46	arbor4	5,008,537	0	-	0.00%
47	geravia-mackinnon	4,777,691	0	-	0.00%
48	stat-dude	4,745,064	447826	1,392,763.00	41.55%
49	ajc14	4,583,601	3133777	1,274,046.00	38.50%
50	oh-bts	4,417,085	0	-	0.00%
51	xgqing	4,351,903	0	-	0.00%
52	btsxzzh2	4,348,432	0	-	0.00%
53	quonael-lievesley	4,087,235	0	-	0.00%
54	coldstorage1	4,000,000	0	-	0.00%
55	super-bts	3,999,990	0	-	0.00%
56	slim	3,946,554	0	-111,086.00	-2.74%
57	wesley-waugaman	3,921,027	0	-	0.00%
58	serg	3,867,349	0	-	0.00%
59	livecoin-net	3,790,049	0	111,531.00	3.03%
60	goodc0re	3,778,207	0	-	0.00%
61	zbsend	3,764,603	0	-2,408,263.00	-39.01%
62	bts-morning	3,761,523	0	-445,089.00	-10.58%
63	jackkang	3,482,938	0	-	0.00%
64	binance-bitshares-gvbdb84k6h	3,465,399	0	2,465,399.00	246.54%
65	aex-bts-deposit-wallet	3,463,201	0	2,105,050.00	154.99%
66	bitspark-deposit	3,405,162	0	2,405,162.00	240.52%
67	laplap5	3,341,271	0	-	0.00%
68	jaehyuk	3,227,053	0	-	0.00%
69	bafohald-degeorge	3,189,866	0	-	0.00%
70	scottmclane	3,177,116	0	-	0.00%
71	wind-flower	3,174,192	0	-	0.00%
72	bilbo-baggins	3,151,030	0	-	0.00%
73	lao-wallet	3,140,242	0	-	0.00%
74	onceuponatime	3,070,626	144413	1,290,070.00	72.45%
75	null-account	3,011,947	0	-	0.00%
76	billion-hero-prize	3,000,000	0	-	0.00%
77	tel-911	2,909,136	0	-	0.00%
78	cny123	2,868,564	0	1,868,564.00	186.86%
79	kryptobeast07	2,849,780	0	-200.00	-0.01%
80	the-ae	2,849,063	0	-2,044,380.00	-41.78%
81	koocaa	2,781,355	0	-	0.00%
82	tong-xin	2,772,166	2772001	-	0.00%
83	ld636433	2,771,983	0	874,979.00	46.12%
84	roland.sun	2,733,575	0	-	0.00%
85	random123	2,700,607	0	-	0.00%
86	hardfork2	2,545,413	0	-	0.00%
87	chainsquad	2,528,014	0	-	0.00%
88	thread	2,526,068	0	-	0.00%
89	aqiang.rmb.send	2,522,545	0	2,222,504.00	740.73%
90	hodor	2,509,880	0	-	0.00%
91	dark-angel	2,505,777	0	-	0.00%
92	mybak	2,502,717	0	-107.00	0.00%
93	btercom	2,449,111	0	-	0.00%
94	dev.bitsharesblocks	2,419,671	0	-	0.00%
95	wys	2,366,916	0	-758,004.00	-24.26%
96	spook	2,296,849	0	-	0.00%
97	poloniex	2,234,244	0	-	0.00%
98	nana-roseannadana	2,209,986	0	-	0.00%
99	yvg1900	2,201,037	0	-	0.00%
100	kedaliwin-tefft	2,192,433	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! :)

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