Welcome to the 49th 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 - 22nd August 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.

• @stan Larimer and Dylan Howard have done a great interview Chris and Danny from ‘The Crypto Show’. The interview covers Bitshares, Hero and graphene tech in general; It runs for roughly 1 hour and can be found HERE

• @bitspark has released part 2 of their plan to ‘Unbank the banked with Bitshares’ the article goes into detail regarding future path forward for Bitspark and their remittance business using the Bitshares network. Find full details HERE

• @richcg has been working on an updated design for the Bitshares.org website. You can view his latest progress HERE

• @jeremypeng has announced that his small development team has been working on a Bitshares mobile wallet; The wallet is initially only targeting the android market place but seem like it is nearly ready to launch! You can see the announcement HERE. As mentioned in the comments it is important to recognise that this wallet will be in control of your private keys and as such you should be cautious with storing large sums of money in this wallet until the source code can be verified by yourself or trusted community members. @goodkarma went through the same vetting / trust period when he released ‘eSteem’. I truly wish @jeremypeng and his team the best success and hopefully one day in the future they will enjoy a level of trust from the community which can only be earned by positive reputation.

• @cerebralace is working on a A Decentralized Electronic Health Record System called ‘medibyte’. Medibyte aims to allow a patient’s health information – chief complaint, medications, allergies, past medical history – to be recorded in a medical record which will be divided into blocks and stored on the Medibyte blockchain. Each patient medical record can not only be accessed by that patient alone, but can also be quickly queried and accessed by their provider. They are also looking to use open source machine learning algorithms in order to determine the most likely diagnosis for each incoming patient. You can find out more HERE

• @michaelx has released and article ‘This Is Why Digital Currencies Need A Self-Regulating Organization’ Co-Authored by: John Gotts, Founder, and CEO – Stokens.com. The article explores the ability to self-regulate the space before existing institution do it for us. Cryptonomex is working the Token Exchange Self-Regulating Body (TXSRB) with the goal of making BitShares the safest, most-legitimate exchange in the world of crypto. You can see the full article HERE

• The Billion Hero Campaign has released a blog post on the rise of BitAssets and the ability to offer stability in the volatile world of crypto currencies with a counterparty free digital smartcoins. See the post HERE

• Ronny Boesing (CEO of OpenLedger) has announced they are now the proud residents of an Office in Aalborg near Aalborg University and in Same surroundings as 100 other internationally minded companies in the ‘Novi Science Park’. He also mentioned the future plans for settings up offices for BlockchainLabs in the Philippines. He has also mentioned that the AirBitz integration is on the verge of being integrated with OpenLedger in the coming weeks.

• The team from The BAD Crypto Podcast have done a video guide on how to setup a Bitshares Wallet to get some free BADCOIN. You can view the video HERE

• The BitsharesUI worker proposal which involves paying contributors to remediate issues and code solutions to approved issues had been a huge success with 21 issues being closed so far in the current sprint. View the current sprint progress HERE

• HowToToken has launched an ICO dubbed ‘the first ICO where you can’t buy tokens and only could receive them for your expertize.’ The ‘Howtotoken’ asset is a UIA on the Bitshares network which can only be earned by contributing to the platform/community. See HERE for more information.

• Ronny Boesing (CEO of OpenLedger) has announced a series of more than 20 supported ICO's and ITO's in coming months and rest of 2017 The first of which is Finchain from China. You can find more information HERE

• @kencode has posted to Steemit this week in search of a Design and Branding expert to work with his team. If you have the skills required please see the position information HERE

• @estefantt has released the latest Bit20 composition. The Crypto currency index fund updates its composition on the 20th of every month to provide passive investors with a diversified asset that's price tracks the top 20. To get more details and see the latest composition please see @estefantt post HERE or visit www.bittwenty.com

• OpenLedger is the platinum sponsor as well as EOS being the Diamond sponsor at the upcoming Wanxiang Blockchain Labs conference in China. Dan Larimer is also speaking at the event so between these two powerhouses Graphene tech should get a lot of interest come the 14th-16th of September. You can find out more about the conference HERE

• Ronny Boesing (CEO of OpenLedger) is the Keynote speaker at the IOT Blockchain Conference in Barcelona on the 3rd-5th of October. You can find more information on the conference HERE

• New 3 Letter UIA (Premium UIA) INS has been registered this week. INS is registered by 'inchain' with the description 'Inchain is a public chain project which is underlying block chain platform for commercial application,aiming to build an integrated service platform of The Internet of things for commodity on block chain. URL:www.inchain.org'

• XRATED is a new UIA registered this week which could be the start of the Adult Cam service based off the Bitshares network. The new UIA registered by 'stmcm' has the description 'For the first time in history, users of live adult cam services no longer need to depend on the platform to act as a confidential and trustworthy depository. With xrated token and our business process, we offer the most efficient and secure peer to peer tipping system in the industry. Xrated token is specially designed for adult entertainment and is accompanied with a fully functioning live adult cam platform. Visit steemycam.com to learn more.'

• @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 weeks Bitshares hangout recording has been published and is available HERE

• Current registered wallets/accounts within the Bitshares network is 384229; an increase of 2949 wallets/accounts since last week

• The last asset registered this week is asset #1625 and it is named 'CNBTS' registered by 'global-bitshares' with the description 'CNBTS issued by zhshj company in china.The first bts exchange chinese website will be launched in September 2017. Official websites: http://chinabitshares.org and http://btstrade.org'.

Smartcoin issueance chart showing weekly change since the start of 2017

Bit20 Performance against USD

Why Bitshares?

BitshareUI Current Sprint

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 PPY, CNY and USD

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

Thanks for viewing :)

I value your feedback.
Is there something more you would like me to track in these reports? or do you have some information for the next BSoTN report? please let me know in the comments, on steemit.chat, in the 'BitsharesDEX' Telegram group or every Friday in the the BeyondBitcoin Hangouts.

I hope you enjoyed this report! :)

Image Credit: @cass

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