Bitshares - State of the Network - 7th November 2017

Welcome to the 60th 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 - 7th November 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.

• A new version of the Bitshares core client has been released this week (v2.0.171101). This newest release contains updates to the Voting UI which follows on from the stylish updates to the user dashboard from the last release. The user dashboard and asset explorer also received some tweaks in this release. Check out all the updates HERE.

• Due to an unforeseen event, new code in the BitShares back-end, that was supposed to only active by end of November, caused a disagreement with block production nodes. Witness nodes rolled back to previous version of the core software for a speedy resolution to the issue. You can read the announcement HERE. A new release of the core updated software has also been released and witness are encouraged to review and update their nodes by 2017-12-08 15:40:00 UTC. You can read the announcement HERE

• Bitspark has announced that it has received funding from ‘RGAx’. The innovation accelerator of Reinsurance Group of America is one of the world's largest life reinsurance companies headquartered in St. Louis, Missouri, United States. You can see the official announcement HERE

• @Stan Larimer will be the guest speaker at a bitcoin meetup in Austin Texas next Monday. He has provided a sneak peak of the address to the cryptocurrency community in Austin which you can find HERE

• @agorise has released a video of the upcoming Multi-chain mobile wallet codenamed ‘Carbon’. Along with the video the following comment was found in the description ‘The core code for this new mobile wallet is mostly done. The animations are being coded now. We hope to have a Beta 1 release ready for download before Christmas this year.’. You can view the video HERE

• AEX Exchange has listed smartcoin markets suggesting these markets will be trading soon alongside the only other base paid BTC. The base pairs listed on AEX are BTC, BitUSD, BitJPY, BitKRW and BitCNY.

• The latest ‘Agorise Report’ was released this week; sharing updated for C-IPFS, Stealth and Blinded Transactions, POS Systems, Mobile Wallets and graphenej. Seems like work of Stealth has been the focus with some really promising results including the fee accumulator actually buying the FBA ‘STEALTH’ from the top of the order books every hour. Be sure to check out the full report HERE

• @full-steem-ahead (verbaltech2) has released his monthly witness update report. He has commented that he will be focusing on notification system improvements in the coming month as reporting on current resource usage of his witness nodes as well as testnet servers. Check out the full report HERE

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

• Current registered wallets/accounts within the Bitshares network is 456922; an increase of 4847 wallets/accounts since last week

• The last asset registered this week is asset #2361 and it is named 'FTBIT' registered by 'feitebi-com' with the description 'FTB Asset of Feitebi.com'.

Smartcoin issuance chart showing weekly change since the start of 2017

BitShares subreddit October Stats - Thanks to @ash

Portfolio tab on the user dashboard in the latest Bitshares Client

Voting area on the user dashboard in the latest Bitshares Client

Tony Peacock explains 'How to Buy Bitshares'

@agorise has released a video of the upcoming Multi-chain mobile wallet codenamed ‘Carbon’

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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
• 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, USD and YOYOW

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 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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