Bitshares - State of the Network - 8th February 2017

Welcome to the 21st Bitshares State of the Network (BSotN) report. I will be releasing this report weekly to look at 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 - 8th February 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.

@svk new GUI release; featuring jaw dropping charts (i have included a picture below this section), bug fixes and many other UI improvements; find the official announcement HERE

BlockPay v.1.52 is available on the Google play store. This release features UI updates, Loyalty Points upgraded to the new graphenej library and speed improvements. See the official announcement HERE

Peerplays has announced they have developed an API that works with the Unity gaming engine; to give you an idea of the scale of this announcement. There is currently 4.5 million developers creating games with Unity and those games have over 770 million users! This is like strapping 'Big Fat Rocket Boosters' on to the project :). To hear more listen to the Beyond Bitcoin recording HERE

@bloggersclub (Openledger) has announced that they will be share-dropping QORA on 50,000 openledger signups - for more details see the official post HERE

Christoph Hering (@chris4210) Co-Founder & CEO of Bitshares Munich is looking to start a Liquidity/Trading competition, providing prize money for the best traders / trading bots in a predefined period of time; Details are still being defined but please submit your input and RSVP your spot HERE

Openledger has preformed its monthly Buyback&Burns operations for the OBITS and BTSR tokens. This Month 49,812 OBITS were purchased from the market using 625,079 BTS and 0.272 BTC as well as 22,485 BTSR from ETH, BTC, BTS and USD markets. find more details HERE

Openledger has preformed its monthly sharedrop of Open.BTC onto ICOO holders. This month 390 holders shared a portion of 4.63 BTC See more details HERE

@xeroc has hinted in the comments that he is keen to work with @svk to bring Bitshares and Steem Trezor Integration, the pair attended a hackathon hosted by Satoshi Labs and were able to sign and broadcast a Graphene based transaction with the Trezor hardware wallet so all that is required is a front end wallet and maintenance; something i think the communities of both Bitshares and Steem would be happy to crowdfund. This is not official as yet but it is exciting to think about. Comment referenced can be found HERE

Bitshares user Bitcrab has started 2 worker proposals for the sole purpose of a stake waited vote on Witness Pay. 1 worker proposal is for no increase in pay rate, the other worker proposal is for an increase to 4 BTS per block. Current pay rate is 1.5 BTS per block. Please join the discussion HERE and cast your vote in the Bitshares wallet

@kencode weekly update can be found HERE and as always their is a mountain of updates relating to BlockPay, C-IPFS, Stealth and the Android Smartcoin wallet.

@jonnybitcoin has made a great post on liquidity in the markets and different method to increase liquidity. Jonny is also kick starting this initiative by providing buy and sell orders in the BitUSD:Open.USDT markets; this is perfect opportunity for anyone as both tokens have the same face value so no need to worry about bots or updating orders as you can just set it and forget it. see more details HERE

The latest Beyond Bitcoin Hangout had appearances from @peerplays, @mrwang, @apptrade and @virtualgrowth recording can be found HERE

This weeks Bitshares hangout recording can be found HERE

Centz ICO date has changed to March 31st 2017; the Pre ICO will be open until the 30th of March 2017

Bitshares has moved up 3 places to be the 61st most influential blockchain companies in the Richtopia The 100 Most Influential Blockchain Companies

The last asset registered this week is asset #1267 and it is named 'GALLEON' registered by 'trade-ceeds' with the description 'Experience the magic of trading the GALLEON UIA.'.

Current registered wallets/accounts within the Bitshares network is 154594; an increase of 445 wallets/accounts since last week

Jaw Dropping Charts

This chart is directly from the Bitshares wallet! it is better than most if not all big time centralized exchanges; Bitshares has them in a decentralized alternative! IMHO: simply stunning!

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 2,581,703,555 744,981.00 0.0289%
BTS Stealth 266,837 1,358.00 0.5115%
BTS in Open Orders (DEX) 45451875.34 - 0.0000%
Reserve Pool 1,018,866,973 -749,629.00 -0.0735%
RP Accumulated fees 26,837 -455.00 -1.6672%
Collateral (top 250) backing Smartcoins 285200520 3,347,253.00 1.1876%
Top 100 Total 1,396,352,185 15,016,959.47 1.0871%
Top 100 - minus Exchanges 532,784,523 4,370,445.86 0.8271%
Exchanges 863,567,662 10,646,513.61 1.2482%
Non Exchanges 1,718,135,893 -9,901,532.61 -0.5730%
Exchanges 863,567,662 10,646,513.61 1.2482%

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 0.00000383 0.00407143 11,786,873.11 47,989.42 51.837 -12.86%
CNY 0.02800362 0.00406822 10,951,486.09 44,553.10 48.163 359.92%
EUR 0.008 0.00836144 0 0 0
NXT 1.099 0.00711708 0 0 0
USD 0.0041841 0.0041841 0 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
SVK - GUI Development
Refund worker - returns unspent budget to the reserve pool
Proposed Worker
Xeroc - Python-steem and uptick
Chronos Crypto - for the creation of educational youtube videos
Fund to pay dividend
Bitcrab - object to increase witness payment to 4BTS/block
Bitcrab - agree to increase witness payment to 4BTS/block
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 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 2,581,703,555 0.00406989 2,581,703,555 $10,507,249.48 0.0289%
BTS Stealth 266,837 0.00406989 266,837 $1,086.00 0.51%
Reserve Pool 1,018,866,973 0.00406989 1,018,866,973 $4,146,676.50 -0.0733%
Accumulated fees 26,837 0.00406989 26,837 $109.22 -1.69%
BitUSD 98,644.00 249 24,562,356 $99,966.09 0.73%
BitCNY 1,041,939.00 35.6 37,093,028 $150,964.55 2.33%
BitEUR 5,933.00 265 1,572,245 $6,398.86 0.35%
BitBTC 43.70 260,432 11,380,878 $46,318.92 -1.45%
BitGold 10.23 307,797 3,148,763 $12,815.12 0.08%
BitSilver 1,140.00 4,410 5,027,400 $20,460.96 2.56%

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.