Bitshares - State of the Network - 10th October 2017

Welcome to the 56th 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 - 10th October 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 will no longer be trading on Bittrex after the 13th of October! If you still have a balance on the exchange you should transfer them out immediately. Need an account? Use the official cloud wallet HERE (Username and Password to sign up - it's that simple)

• @billbutler has announced a new release of the Bitshares reference wallet (v2.0.171009), announcement can be found HERE. This release focuses on the commonly known 'account model'; presenting it as a cloud wallet, This cloud wallet will allow users to signup/signin to Bitshares with a familiar username and password method. This will take a lot of complexity out of creating an account and is a great move forward. You can view the new Bitshares cloud wallet HERE.

• 40 Million BTS has moved from top 100 (mainly from Exchanges) to accounts outside the top 100. This is good news in terms of having a wider distribution!, top 100 personal holders (not exchanges) have also increased by 6.4 Million and Balances held on exchanges are down ~47 Million BTS.

• @stan has been busy with a number of interviews this week; you can use the following links to view the interviews Stan Larimer and Teresa Kuhn from the Living Wealthy radio show and Stan Larimer with Connie Willis from Blue Rock Talk

• @richcg has released the final update for the new Bitshares website. You can see his progress HERE or view the preview of the website HERE

• @kimchi-king has done an amazing post on his discovery of Bitshares and the power of the platform. @kimchi-king touches on some background and then digs into how you can make use of the DEX, key features of Bitshares, comparison against other leading projects, price analysis and heap more. This is an incredible effort and he has obviously put a lot of effort into sharing his views. Recommended reading for all, you can find the post HERE

• This week has seen @xeroc move to the #1 vote proxy with @bitcrab in second place. Vote proxies are respected members of the community that other shareholders can delegate their voting power too, this allows the proxy to vote on behalf of those shareholders. Congratulations to @xeroc

• @blockchained team is reporting, that now that their gateway Rudex was accepted upstream they've had time to add dark theme to their interface; add language detection, so when you first come to their site it shows you interface in your language; and also their trollbox now has Russian, English and Chinese telegram channels.

• Bitspark is currently conducting their Token sale for the ‘ZEPH’ tokens representing ‘Project Zephyr’; Current tier is at the cheapest rate / highest discounted amount. Project Zephyr will enable MTOs and remittance customers to have access to 180+ fiat pegged cryptocurrencies through Bitspark’s existing mobile app Sendy (2017) and web platform (2014) which is switching to Bitshares. Find out more HERE

• CryptoCompare has released an extensive guide titled ‘How to use the Bitshares Decentralized Exchange’, the guide starts out by downloading the wallet and creating an account but also walks through trading on the DEX, sending assets and withdrawing funds. You can views the guide HERE

• This week’s Bitshares hangout recording has been published and is available HERE

• Current registered wallets/accounts within the Bitshares network is 435551; an increase of 4988 wallets/accounts since last week

• The last asset registered this week is asset #2215 and it is named 'BRIDGE.EOT' registered by 'cryptobridge' with the description 'EOT Coin, see details on http://eottoken.com'.

Smartcoin issuance chart showing weekly change since the start of 2017

Bitshares web wallet default login screen - cloud wallet - more info HERE

Creating your account on the Bitshares cloud wallet - More information HERE

Issues closed by the Bitshares GUI team in this 2 week sprint

New Bitshares.org website launching soon – more info HERE

Exchanges running on the BitShares blockchain. @Bitshares

How distributed are the transaction validators on the BitShares network? @Bitshares

@tonypeacock on the subject of “To DEX or not to DEX?”

Have you claimed your FREE coins!?!, If not I highly recommend that you get signed up to the Billion Hero Campaign! These coins will be used in the Billion Hero Campaign and potentially be quite valuable in the future (No such thing as free lunch does not apply in Crypto - Fair distribution at any cost is the name of the game); at the moment you can get notified on the project and claim your share of the FREE coins at no cost - Click HERE and selected 'Get Notified' to claim your free 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.

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.

Worker Proposals

This section will identify the current approved and pending worker proposals

Active Worker:

• 201708-bitsharesui
• Alfredo Garcia - Core Development for Second half of 2017
• 201709-steemfest
• 201707-bsip18
• Refund400k

Proposed Worker

• 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.

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.

Vote Proxies

This section will track the change in proxy voting

Active Witnesses

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

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

Thanks for viewing :)

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I hope you enjoyed this report! :)

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