Bitshares - State of the Network - 20th March 2018

Welcome to the 78th 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 - 20th March 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.

• In the interests of transparency and to provide greater visibility in relation to Committee proposals/decisions, the Committee has launched a new website committee.bitshares.works. The website is provided by the BBF to serve as the central hub of Committee related information. Find the new website HERE and further information HERE

• As of Saturday, March 17th 2018, the transaction fees on BitShares have been increased by the BitShares Committee. Due to the decrease of the unit price of BTS, an increase of the fees was required to align with the agreed upon USD values. After discussions, the BitShares committee created a proposal (1.10.8736) to actually increase the transaction fees which was quickly approved by the majority of committee members. You can find more details and the fee schedule HERE

• Super.one is a new Bitshares mobile wallet released this week, created by @crazybit--a witness of Bitshares. Super.one is still in public test phase at the moment but you can create your new bitshares account for free now, or import your backup wallet with brain key. New users will be rewarded 100 SOT asset, SOT is the token of product SuperONE, the value-added services provided by SuperONE would be charged in SOT in the future, for more information visit the website at SuperONE.io or join the discussion HERE. I personally recommend while this new wallet is in testing phase it would be good to test with a new account instead of importing your existing account; this wallet looks very professional so hopefully we will see a production release soon.

• This week has seen the amount of accounts holding BTS in wallets outside of centralized exchanges grow to over 100,000 accounts.

• The Bitshares Blockchain Foundation (@bitshares.fdn) has announced that it has acquired ownership of BitSharesTalk.org from Bitsapphire and will gladly continue to provide the forums as a platform for communications to the entire community. You can see the full announcement HERE

• @bitspark has released a post that outlines why it feels Bitshares is the best platform for their remittance business and the entire Zephyr project. The post outline 3 critical elements of Bitshares that matter most to Bitspark and Zephyr; Speed, Decentralization and Pegged Cryptocurrencies / smartcoin. You can read the full article HERE

• Three new committee proposals are being voted on this week which could have major benefits for the Bitshares ecosystem if they can be executed successfully. There is currently a proposal raised by Bitcrab to use funding from the reserve pool for open market operation on the USD and CNY smartcoins; this is designed in increase liquidity in the markets. A second proposal is attempting to test the mechanics of the first proposal with a small amount of funds held by the committee account as a proof of concept and the third proposal is to claim the BitCNY generated from fee's on the BitCNY market. You can find all the proposals on committee.bitshares.works

• 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

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

• Current registered wallets/accounts within the Bitshares network is 822172; an increase of 19460 wallets/accounts since last week

Smartcoin issuance chart showing weekly change since the start of 2017

Number of accounts holding BTS (off exchanges)

SuperONE.io new Bitshares mobile wallet released for testing. Looks Awesome!

Dan Larimer (Founder of Bitshares) on the front page of Roanoke Times

Crypto Tips - CryptoBridge The fastest growing Bitshares gateway - source

Beyond Bitcoin - Bitshares Talk - 17th March 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:

• Alfredo Garcia - Core Development for Second half of 2017
• 201708-bitsharesui
• Abit - Core Developer - 201712~201803
• 201803-bitshares-core
• Joint Marketing Campaign of Exchanges WP
• 201710-spokesperson
• 201710-compliance
• 201802-legal-bts
• BitShares Greater China Representative
• 201712-infrastructure
• DEXBot - User Friendly BitShares Market Making Software
• 201801-budget-chinese-translations
• Refund400k

Proposed Worker

• 2018-02-bitsharesui
• 201802-documentation
• 2017-12-blockchainacademy
• Crypto-Solutions
• 201802-legal-bts
• 201802-bsip29
• 2018-02-bitsharesui
• Soledger - Vikram/Agent86 - Project administration & essential maintenance
• Fund to pay dividend
• NeoWorker - neoreel-1

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, Bridge.BTC and USD

Smartcoins

This sections seeks to analyse the current supply and market capitalisation of the Bitshares Smartcoins.

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

Thanks for viewing :)

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