Bitshares - State of the Network - 18th September 2018

Welcome to the 101st 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 - 18th September 2018

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.

• 2 Days until BitFest Amsterdam!

• The Spark team have released an article titled ‘How Zeph’s buyback mechanism works’. The Zeph Buy backs are funded by 25% of all commissions earned via trading fee’s on SparkDex, Currency exchanges on the business platform and digital currency transactions from individual users though the mobile application. You can get all the details from the full story HERE

• A new version of the Bitshares reference wallet has been released this week. BitShares UI Release v. 2.0.180912 features updated witness and committee pages, a new gateway (XBTS.io) , Improvements to the dashboard, features and favourite markets and the ability to use UIA’s and smartcoins as collateral for smartcoins. You can find the latest binaries and the full change log HERE

• OpenLedger, one of the oldest businesses on the BitShares network has released their android wallet. As with any new wallet or product I recommend that you only use this wallet for testing purposes or with smaller amounts at this stage until it has been vetted by the community. You can find more details HERE or find it on the play store HERE

• 'This week the NYDFS approved 2 USD stablecoins. Just a reminder that BitUSD doesn't need permission, can't be frozen and has been around for 4 years.' - source

• 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 1084504; an increase of 8648 wallets/accounts since last week

Smartcoin issuance chart showing weekly change since the start of 2017

Number of accounts holding BTS (off exchanges)

Very well said - Bitshares Twitter

Openledger DEX Mobile Wallet - Released on the Google Playstore - source

BitFest Amsterdam - 21st to 23rd of September 2018 - source

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:

Proposed Worker

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 Bridge.BTC, CNY 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 30 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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