Bitshares - State of the Network - 31st October 2017

Welcome to the 59th 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 - 31st 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.

• The BitShares Blockchain Foundation has announced a new release of BitShares-core (v2.0.171025). This is a change to the consensus rules so is classified as a hardfork and all participating witnesses need review and upgrade to the latest code base by the 2017-11-27 14:40:00 UTC flag date. This new core release has a lot of exciting changes such as a plugin selection feature allowing nodes to enable and disable plugins based on the role they are serving, new Peer 2 Peer networking code (look out for a new record in the next stress test!) as well as my personal favourite BSIP-0018 (Revive BitAsset through buying Settlement Pool). Alongside those highlights there are also some API changes and bug fixes. You can learn more about the upcoming changes HERE

• A new worker proposal titled ‘BitShares Greater China Representative’ has been proposed and approved this week. The worker proposal is for a large team in China to promote, educate and build out Bitshares in co-ordination with previously established representatives of Bitshares. The representative team has the ultimate goal of increasing the awareness and accessibility of Bitshares to Chinese citizens. The cost is 90,000 BitUSD over 6 months and includes core members of the Chinese Bitshares and Blockchain communities. You can find further details of the worker proposal HERE

• Bitshares (BTS) has been added to 3 new Exchanges this week Big.One, AEX and ZB. All exchange listings have been completed and are available for trade.

• @jeremypeng from the BitUniverse team has announced Bitshares DEX support in their latest release of the BitUniverse mobile app. This means that you can track the price of any asset in bitshares DEX via the BitUniverse portfolio app. You can find the official announcement HERE

• @taconator has released the 'Fees Collected on the BitShares blockchain through September 2017' report. This month has seen 3.21 million BTS were collected for 9.77 million operations. You can view the full Report HERE

• Crypto Bridge has announced their Market Maker program which is active now and is on trial until the 30th of November. This is a great step forward in increasing the liquidity of their orderbooks by allowing market makers to take a cut of the fee’s by creating limit orders and filling out the books. Their website explains how it works as ‘Once a limit order you placed gets filled, you're not only getting reimbursed for the trading fee, you actually receive 50% of the market taker's trading fee. At 0.20% fee per trading pair, you are actually earning 0.10% per filled order. Our goal is to improve liquidity and spread on all our markets. Payouts are happening on a weekly basis.’ You can read more about the program HERE

• The team at Bitspark has released their fortnightly Zephyr update. The update includes changes and advancements from a technical aspect as well a news of upcoming announcements at IMTC conference in November as well as new positions opening up on the team. Check out the latest update HERE. The Zephyr ICO is currently still active although the funding round will complete this week. If you want to learn more about the ICO or get involved see the main Zephyr website at zephyr.bitspark.io

• Stan Larimer has done a live interview with former Congressman JD Hayworth for NewsMaxTV. You can view the interview HERE

• The KEXCOIN ICO has not reached their funding goal and are refunding investment made by its backers. If you hold KEXCOIN you need to put them up for sale on the Bitshares DEX to be able to get your funds returned. @ash has provided a post with further details, which you can find HERE. If you are still unsure of what is required join the telegram chat room ‘BitsharesDEX’ and there are thousands of people who will be happy to assist.

• Bitshares and Bitspark have featured in an article on HuffingtonPost titled ‘How The Blockchain Is Revolutionizing The Remittance Industry For The Unbanked’. You can find the article HERE

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

• Current registered wallets/accounts within the Bitshares network is 452075; an increase of 4091 wallets/accounts since last week

• The last asset registered this week is asset #2304 and it is named 'XBT' registered by 'yip' with no description.

Smartcoin issuance chart showing weekly change since the start of 2017

Operations and Transactions over time from @taconator's Sept Fee report

Stan Larimer and former Congressman JD Hayworth for NewsMaxTV - Video HERE

Zicen (BitShares Greater China Representative) hosting meetup in China

CryptoBridge DEX powered by the Bitshares network

Track any Bitshares Asset with the new BitUniverse Portfolio App

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:

• Alfredo Garcia - Core Development for Second half of 2017
• 201708-bitsharesui
• 201710-spokesperson
• BitShares Greater China Representative
• Refund400k

Proposed Worker

• 201710-compliance
• 201709-steemfest
• 201707-bsip18
• 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, Open.BTC 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 :)

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I hope you enjoyed this report! :)

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