Bitshares - State of the Network - 13th September 2017

Welcome to the 52nd 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 - 13th September 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.

• 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

• BitUSD is still worth 1 USD! - rock solid stability in a violent market.

• @stan and his Heroic team have published a proposal for Houston, The proposal is currently being circulated to the leaders of both Houston and Texas and is proposing to use the unique features of Bitshares and the Billion Hero Campaign to raise funds to rebuild hurricane affected areas. It also comes with a “double-double money back” guarantee! You can find the full proposal HERE

• @stan has announced plans for Cryptonomex's to obtain investor funding and become a powerhouse supporting the future of the Bitshares network; similar to what Consensys is to Ethereum. In the proposed roadmap Bitshares would remain a fully autonomous Sovereign Software Company independent of Cryptonomex. You can get more information about Cryptonomex's proposed path forward HERE.

• The team from Bitspark are launching 'Zephyr'. Zephyr will be a reward token for taking part in the Bitspark remittance network; the token sale for Zephyr will start on the 6th October 18:00 HKT at zephyr.bitspark.io and last for 30 days or until all available Zephyr are sold (600 000 000 ZEP). You can see the announcement HERE or view the Zephyr whitepaper HERE

• @jeremypeng has announced that the Bitshares wallet which his team has been developing has been published to the Google playstore this week. This is the first release and Jeremy has also mentioned they have plans to continue developing the UI and adding new features. You can find the wallet HERE. As mentioned previously this should only be used for testing with small amounts of assets until the source code can be analysed and verified.

• This week Coindesk has released their State of Blockchain Q2 2017 report which includes a survey question "What sector of blockchain applications are you most bullish on?"; The top 3 answers were Decentralized Exchange, Privacy and Asset management... Imagine a Decentralized Exchange and Token platform that allowed confidential transactions on a proven highly scalable blockchain with predictable 3 second blocks and transaction finality.... Bitshares :)

• @kencode has posted a small update this week on the Bitsharestalk forums regarding the ongoing Stealth development. The enhanced Stealth implementation is currently running on a private testnet and is still in active development. He has mentioned his plans to open up this testnet for public testing and feedback in the coming weeks. You can see his statement HERE

• A hardfork has been scheduled on TESTNET for Friday 2017-09-15 12:00:00 UTC. This has no impact on the Bitshares main-chain/network and as does not require Bitshares users to preform any action what so ever. More information and the changelog for this fork can be found HERE

• BSIP-0018 commonly known as 'Revive BitAsset through buying Settlement Pool' is being forked into the Bitshares testnet to ensure it is fully functional in a distributed public network before being released live on the production Bitshares network. Testing and evaluation will be conducted for some time before it is eventually live in production.. It is great to see the progress of this shareholder approved project!

• Ronny Boesing (CEO of OpenLedger) Has announced changes to the monthly BTSR buy back and burn operation. 'From this date, the buyback and burn on the four usual currencies of BTC, ETH, BTS and USD will be replaced with the buyback of OBITS from the bitUSD market, and then rewarded to all BTSR holders.' you can find full details as well as the hottest ICO's in his announcement HERE

• Ronny Boesing (CEO of OpenLedger) has released a comment on telegram for all Open.Muse holders. 'Just now OpenLedger sent NEW MUSE to all MUSE holders, in a 1:100 swap. Every MUSE owner received OPEN.MUSEOL from open-museol-distribution account in a 1:100 swap (100 OPEN.MUSE = 1 OPEN.MUSEOL).' Open.Museol will be redeemable for 100 MUSE on the native MUSE chain; MUSE withdrawals are facilitated by the OpenLedger gateway service.

• @virtualgrowth is doing a weekly market update and token give away; Check out his post and vote on your favorite asset HERE, if you leave you Bitshares username in the comment you may even be one of the lucky recipients of the token giveaway.

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

Smartcoin issuance chart showing weekly change since the start of 2017

A meeting of Heroic proportions in Austin, TX

Great Graphics by Telegram user 'BTS-Bourgeoisie'

Mike Kubera Interviews Chris and Richard From Kexcoin

Coindesk State of Blockchain Q2 2017 report

Bitshares a Decentralized Exchange and Token/Asset platform that allows confidential transactions on a proven highly scaleable blockchain with predictable 3 second blocks and transaction finality

Bitshares breaches the 20 Million Blocks!

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
• 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

Committee Members

This section will track shareholder approval of committee members

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

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Thanks for viewing :)

I hope you enjoyed this report! :)