Bitshares - State of the Network - 3rd July 2018

Title: Bitshares - State of the Network - 3rd July 2018
Tags: bitshares bsotn cryptocurrency beyondbitcoin blockchain

Welcome to the 90th 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 - 3rd July 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.

• Bitshares has taken the blocktivity poll position this week with a current activity showing 4.6 Million operations within a 24 hour period and a record set (earlier this week of 4.8 Million Operations in 24 hours). Currently the Bitshares MAINNET is processing 53.8 TPS and not even breaking a sweat! This accounts for 47.7% of all transactions being monitored by blocktivity and for comparison that is 10x more than Ethereum and more than 20x more than Bitcoin.

• Dr. Stefan Schießl and Dr. Ing. Fabian Schuh of Blockchain Projects BV will be speaking at BitFest Amsterdam! - source

• The Bitshares Web Wallet GUI has been updated this week to version 2.0.180629

• @steemdrive has announced a Billboard campaign in Manchester this week with Steem, EOS and Bitshares being displayed as 'The Future of Blockchain's - source

• The Market Making Strategy: Staggered Orders is now automated by DEXBot. Crypto Kong has released a good article describing the process and documenting their results over a 7 day period using staggered orders ever 5% of the Litecoin order book on the Bitshares network. With strategies like this it is possible to make money (and lose money) but outside of that it is great for the network by adding liquidity to the exchange. - source

• @flamingirl has introduced her 7000 followers to Bitshares with the French translation of the Bitshares State of the Network report. She has also done other posts relating to Bitshares as she dives head first into the tech, such as an interview with Blocktivity creator @estefantt which you can find HERE

• @stan and @officialfuzzy have done an interview with Crypto Connie from @bluerocktalk to talk about Bitshares, EOS and Steem and how they all fit together - source

• @stan Larimer has done an interview with Bill Church from @futurenomex - 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

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

• Current registered wallets/accounts within the Bitshares network is 1019978; an increase of 7770 wallets/accounts since last week

Smartcoin issuance chart showing weekly change since the start of 2017

Number of accounts holding BTS (off exchanges)

Bitshares takes the top spot on blocktivity.info

Dr. Stefan Schießl and Dr. Ing. Fabian Schuh speaking at BitFest Amsterdam!

Manchester - United Graphene Billboard Campaign - source

Beyond Bitcoin - Bitshares Talk - 30th June 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 CNY, Bridge.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

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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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! :)

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