Bitshares - State of the Network - 2nd May 2017

Welcome to the 33rd 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 - 2nd 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.

• The Bitshares committee members have proposed a reduction in network fee's in order to offset the recent increase in market price of BTS. The fee reduction proposal is based off the fee structure discussed HERE. You can view the proposal and the current approval rate HERE and a new forum thread has been started HERE to aid community discussion.

• Dan Larimer is scheduled to do an interview with Alex Sterk from 'Blocktalk', This Thursday 4th May at 8PM EST; The topic of the talk is Graphene technology and how it is being utilized by Bitshares and Steem. You can keep an eye on the following pending live stream

• Dan Larimer has posted information regarding a new project he has been working on called EOS; Full details will be unveiled at Consensus 2017 (22nd-25th of May - NY). So far limited information has been released; but from the original post we can see that this project is a platform designed for parallel execution of smart contracts and will have a native token; distribution model seems to be a new approach as well. View the original post HERE and follow @dantheman as more details maybe released before the event.

• Dan Notestein (@Blocktrades) from Blocktrades.us has announced they are shutting down their gateway services and handing operation of these gateways to OpenLedger who will continue to operate them for on/off ramps of Open.Assets on the Bitshares network. Blocktrades will continue operating their cryptocurrency bridge services allowing users to seamlessly exchange from one currency to another. See the official announcement HERE

• Another week and BitUSD is still worth 1 USD - Fun fact: did you know that as of yesterday $1 USD worth of value in (BitUSD, BitCNY, BitEUR, BitBTC, BitGOLD and BitSILVER) is on average backed by $4.14 USD worth of BTS collateral!! That is to say that on average for every $1 USD worth of smartcoin value there is 4x the value in BTS collateral locked on the network by a smart contract. This collateral makes up 16.7% of the total available supply of Bitshares and that percentage is growing.

• Bitshares newest witness @roelandp has developed a witness monitoring tool. The tool shows current witnesses, blocks missed and published price feeds; Updated 3 times per hour it is a great way to get a quick overview of witness data!. Roelandp's original post can be found HERE of your can visit the Bitshares witness log directly HERE

• Peerplays this week announced the release of their new sports betting website http://bookie.exchange/. When the platform is live, Bookie will allow users from anywhere in the world to bet of the outcome of sporting events with 100% transparency and provable fairness. Peerplays have also announces a casting call for witnesses; all information is presented in a youtube video which you can find HERE. To hear the full update from the team be sure to check out the latest Beyond Bitshares hangout

• @bitspace from the BitGate team have posted some comments and pictures from the recent OSLO blockchain day which they helped sponsor. Some of the core Bitgate team was in attendance with Advertising, Flyers, Presentation and a spot on the panel. I have included one of the pictures below but you can check out the full post HERE, They have also recently posted a great new promotional video which can be found HERE

• Ronny Boesing (@bloggersclub) Founder of OpenLedger has presented 'The Beginners Guide to Blockchain, Bitcoin, BitShares and OpenLedger’ to the students of University College of Northern Denmark (UCN) on April 28, 2017. The Students also received some free cryptocurrency as part of the presentation to help start them off on the right foot. you can read more details and see the presentation HERE

• @scythian has made a great post regarding Bitshares, Smartcoins a look at a couple of Market Making/ trading bots and a full tutorial of how you can get started (for free!) with the BTSBOT Marekt Making platform / Trading bot. See his full post HERE

• In a recent article by Tech Crunch titled 'What’s keeping cryptocurrencies from mass adoption?' Bitshares had a few mentioned as was touted as having a 'solid community'. This was also supported in the comments with a number of users discussing bitshares and helping field questions and educate other users. You can view the article HERE

• After several months of work on the Russian gateway into BitShares ecosystem and infrastructure operation, Blockchained team has written a witness proposal. You can read the proposal's English version here, or the Russian version here. If you would like to support their efforts vote for the Bitshares witness 'blkchnd'

• Bitshares witness verbaltech2 (@full-steem-ahead) has published his monthly Bitshares witness report; This update @full-steem-ahead discusses hardware upgrades and well as price feed and software upgrades. Great to see the visibility/transparency being displayed by these updates. Please see the update HERE

• Embermine (@embermine-drake) have announced that the re-launch of their Ember token sale to support the ongoing development of their platform has been set for 5 May, 2017 at 5:00 UTC. you can see the official announcement and learn more about the crowdsale HERE

• Ronny Boesing (@bloggersclub) Founder of OpenLedger is Hiring, Openledger is looking for country ambassadors worldwide who can officially represent our projects (current and future) to their local blockchain and business environments. Think you have what it takes? Check out the his call for applications HERE

• Coinmarketcap has updated their back-end processes in relation to BitUSD and are now accurately depicting the Market Cap/Supply of BitUSD in the Bitshares network. As i am writing this the current supply is $685,078 USD. You can view the BitUSD asset page from CMC HERE

• @cm-steem has created a post regarding Gridcoin, Bitshares DEX and his experiences with BTSBOT and providing liquidity to a number of markets and making some profit in the process. You can view his post HERE

• 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 @peerplays @good-karma @peerity-io @Intelliguy and @virtualgrowth you can find more details and last weeks recording HERE

• Current registered wallets/accounts within the Bitshares network is 166916; an increase of 1215 wallets/accounts since last week

• The last asset registered this week is asset #1359 and it is named 'TATCHCOIN' registered by 'ttch' with the description 'Tatch Capital Limited Coin tatchcapital.com'.

BSotN Russian Style - Thanks to @blockchained for continued effort in translations.

@bitspace - Christian, Ivar and Manuel from the BitGate Team at OSLO Blockchain Day

Smartcoin growth from that start of 2017

Smartcoin and Collateral Statistics

Bitshares Twitter Stats

Thanks @fav for providing twitter statistics for the month of April.

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	2,598,564,153	1,305,066.00	0.05%
BTS Stealth	266,871	-	0.00%
BTS in Open Orders (DEX)	15128222	-2,591,311.64	-14.62%
Reserve Pool	1,002,014,489	-1,305,066.00	-0.13%
RP Accumulated fees	24,073	10,941.00	83.32%
Collateral (top 250) backing Smartcoins	417764919	12,687,944.00	3.13%
Top 100 Total	1,339,476,954	-6,723,597.01	-0.50%
Top 100 - minus Exchanges	528,857,862	1,487,127.64	0.28%
Exchanges	810,619,091	-8,210,724.65	-1.00%
Non Exchanges	1,787,945,062	9,515,790.65	0.54%

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	0.00000997	0.01456262	116,407,932.85	1,695,204.81	66.56%	64.2%
CNY	0.10097938	0.01464512	58,470,235.07	856,303.53	33.43%	74.8%
USD	0.0155	0.0155	658.06	10.1999	0.00%	-89.6%
GBP	0.01	0.01635587	110	1.7991	0.00%
WAVES	0.0175	0.01062664	0	0	0.00%
EUR	0.01	0.00599093	0	0	0.00%

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
• Xeroc - Python-steem and uptick

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	2,598,564,153	0.01459021	2,598,564,153	$37,913,596.69	0.0496%
BTS Stealth	266,871	0.01459021	266,871	$3,893.70	0.00%
Reserve Pool	1,002,014,489	0.01459021	1,002,014,489	$14,619,601.82	-0.1283%
Accumulated fees	24,073	0.01459021	24,073	$351.23	-2.27%
BitUSD	649,600	66	42,873,600	$625,534.83	5.47%
BitCNY	5,808,141	9.62	55,874,316	$815,218.01	24.80%
BitEUR	83,244	72	5,993,568	$87,447.42	134.55%
BitBTC	46.8	94,198	4,408,466	$64,320.45	10.90%
BitGold	13.28	83,173	1,104,537	$16,115.43	6.29%
BitSilver	2,717	1,125	3,056,625	$44,596.80	12.34%

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	2671	90
compumatrix1	2145	26
jianjolly-0	1743	0
btsabc	572	30
openledger	514	0
fav	357	2
cryptofresh	341	3
gn1	251	8
ccm2015	232	3
cryptocurrency3	199	6
sdr	188	7
by24seven	185	2
xiangxn	168	2

Vote Proxies

This section will track the change in proxy voting

Account	Opinions	Followers	Weight (M)	Weight Change (M)
xeroc	33	169	250.8	-5.7
bitcrab	66	26	208.2	13
laomao	35	3	79.5	4.9
baozi	24	63	68.5	17
bitshares-munich-wallet	7	13	30.3	-0.1
yao	27	33	23.3	6.6
btsabc	60	22	20.9	8.8
jonnybitcoin	34	20	12.7	0.7
abit	44	235	12.2	1
fav	15	39	11.2	2.1

Committee Members

This section will track shareholder approval of committee members

Account	Votes (M)	Votes Change (M)
bitcrab	791.3	30.1
abit	745.4	17.6
chris4210	735.7	14.9
bhuz	706.7	16.5
xeroc	645.7	11.8
clayop	637.4	11.2
bunkerchainlabs-com	594.2	46.4
ebit	440	11.5
openledgerdc	382.1	35.9
harvey-xts	337.1	13.9
fav	317	9.4

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	836.7	133
2	bhuz 1.6.17	808.5	1093
3	delegate.baozi 1.6.37	792.6	1020	1
4	fox 1.6.16	786.2	2899	6
5	witness.yao 1.6.71	785.5	3115	979
6	wackou 1.6.18	785.4	1271
7	rnglab 1.6.45	777.1	1277	2
8	verbaltech2 1.6.34	772.8	1201	4
9	xman 1.6.64	768.8	1141	7
10	jerryliu 1.6.72	761	2750	2
11	xn-delegate 1.6.59	735.6	2288	2
12	witness.still 1.6.69	709.8	8325
13	xeldal 1.6.22	634.2	1045	125
14	roelandp 1.6.74	624.7	0
15	datasecuritynode 1.6.49	608.5	5546
16	abc123 1.6.65	606.4	841
17	sahkan-bitshares 1.6.73	588.4	152
18	delegate.freedom 1.6.63	493.8	3573	3
19	harvey-xts 1.6.23	484.7	5107	155
20	delegate-clayop 1.6.27	441.5	3350
21	delegate.ihashfury 1.6.26	429.7	868
22	spartako 1.6.15	419.4	968
23	elmato 1.6.20	404.1	3006
24	mr.agsexplorer 1.6.24	396.9	824
25	openledger-dc 1.6.76	382.8	0

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(include orders)	Orders	Change W/W	Change W/W %
1	poloniexcoldstorage	290001202.9	0	-	0.00%
2	bitcc-bts-cold	226419023.1	0	-	0.00%
3	poloniexwallet	151107123.8	0	-28,849,444.36	-16.03%
4	yun-bts	39318575.09	0	22,459,094.21	133.21%
5	yunbi-cold-wallet	35003434.68	0	-	0.00%
6	bittrex-deposit	34804901.03	0	-2,911,332.90	-7.72%
7	stan	20618873.65	0	-	0.00%
8	aloha	19581146.18	0	19,481,146.18	19481.15%
9	bitcc-bts	16188853.98	0	9,540,008.96	143.48%
10	btercom	13049112.07	0	-	0.00%
11	aboy	12285703.26	0	-3,317,367.36	-21.26%
12	evan	12118147.13	0	-	0.00%
13	cass	11440165.64	0	-	0.00%
14	abit	11338200.1	50000	-1.80	0.00%
15	mcxcwbts	10818456.84	0	-	0.00%
16	crypto-maniac	10613396.97	0	-	0.00%
17	hnnr8	10471001.86	0	-	0.00%
18	bitshares-munich-wallet	10450425.4	0	11,860.39	0.11%
19	invictus	9815144.343	0	-	0.00%
20	jiny2	9443640.165	0	180,000.00	1.94%
21	virtual-ventures	9318078.011	0	-	0.00%
22	tsuratsura-3557	8936507.666	0	-5.98	0.00%
23	roje	8850429.578	0	-	0.00%
24	ibilitlan-scoltock	8673958.411	0	-	0.00%
25	coldstorage1	8300001	0	-	0.00%
26	comp6	8144303.712	0	-	0.00%
27	cievia-waugaman	7990213.251	0	-	0.00%
28	bc-godpay	7563436.058	0	-	0.00%
29	graphene2015	7492758.488	0	-	0.00%
30	haeassa-granovsky	7431931.353	0	-	0.00%
31	tomotomo	7016825.01	0	-	0.00%
32	prebuffo1970	6599658.279	0	-	0.00%
33	abinia-rivard	6550562.954	0	-	0.00%
34	onceuponatime	6450888.46	0	821,847.07	14.60%
35	millibit53	6234726.38	0	6,134,726.38	6134.73%
36	keebler-kahn	6202386.529	0	-	0.00%
37	ubris	5900000.049	0	-	0.00%
38	alexna64	5869988.939	0	-	0.00%
39	pay.xeroc	5785155.848	0	-	0.00%
40	dev.bitsharesblocks	5776916.435	679522.0174	-	0.00%
41	fericia-brick	5766622.727	0	-	0.00%
42	btszhqxf	5734711.5	0	-	0.00%
43	miso69	5478228.737	0	-	0.00%
44	linhan	5425094.721	0	-	0.00%
45	cadord-ozois	5423173.409	0	-	0.00%
46	spring	5376984.066	0	-	0.00%
47	bts-morning	5372840.009	0	-	0.00%
48	bristolbay	5325003.672	0	-	0.00%
49	xhunter	5233238.27	0	-	0.00%
50	ddd555	5211720.711	0	5,111,720.71	5111.72%
51	jeraud-kanze	5172698.487	0	-	0.00%
52	laow	5057708.821	0	-	0.00%
53	ccedk.escrow2	5000289.963	0	-30,002.80	-0.60%
54	jonnybitcoin	4999999.918	0	-3,999,998.20	-44.44%
55	synergy3	4787111.81	0	211,211.42	4.62%
56	geravia-mackinnon	4777690.635	0	-	0.00%
57	bterdeposit	4726864.627	0	1,332,550.12	39.26%
58	mybak	4709247.334	0	-	0.00%
59	satoshi-pie	4622791.181	0	-	0.00%
60	bts88	4527498.864	0	-	0.00%
61	tyrone-shoelaces	4461958.809	0	-	0.00%
62	impseu1	4432046.44	0	-	0.00%
63	multisig-worker-2017-01	4356519.527	0	-	0.00%
64	btsxzzh2	4348432.46	0	-	0.00%
65	blocktrades	4243038.571	6677.33872	-349,794.00	-7.62%
66	slim	4153504.029	0	-	0.00%
67	ironbank	4144946.098	8000	-	0.00%
68	quonael-lievesley	4087235.19	0	-	0.00%
69	tkoba99	4034034.173	1558.846	-	0.00%
70	goodc0re	4000002.1	0	-631,836.80	-13.64%
71	elendasa-benjamin	3925769.873	0	-	0.00%
72	wesley-waugaman	3921027.341	0	-	0.00%
73	hermes3	3832194.901	0	-	0.00%
74	jaehyuk	3627054.385	0	-	0.00%
75	smartass	3569171.707	0	-	0.00%
76	abc2000	3502556.617	0	1,192,070.57	51.59%
77	laplap5	3493800.179	0	-	0.00%
78	mike-primorac	3479329.453	0	-	0.00%
79	koocaa	3453196.418	0	-	0.00%
80	nethyb	3442787.375	0	-	0.00%
81	bitcoinindonesia	3371335.08	0	-114,368.11	-3.28%
82	scottmclane	3251127.476	0	-	0.00%
83	bafohald-degeorge	3189865.947	0	-	0.00%
84	wind-flower	3174191.323	0	-	0.00%
85	lzr1900	3113773.898	0	-786,231.08	-20.16%
86	mcxcw	3103908.702	0	-106.16	0.00%
87	null-account	3011944.766	0	-	0.00%
88	gamma-rabbit	3000739.218	0	-2,272,707.01	-43.10%
89	anonym7	2972988.998	0	-	0.00%
90	profoot	2949982.108	0	-	0.00%
91	ptschina	2888764.675	0	-1,220.57	-0.04%
92	chryspano	2840887.187	0	-	0.00%
93	ccddd	2800000	0	-	0.00%
94	mostar	2751784.383	0	-	0.00%
95	cnfund	2697437.363	236191.7047	-14,233.67	-0.52%
96	rice123	2692321.953	0	1,182,545.96	78.33%
97	root	2652843.369	0	-	0.00%
98	douglasriese1994	2642911.206	0	-	0.00%
99	rand1	2586346.83	0	-	0.00%
100	bang-king	2570419.463	0	-0.25	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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