Bitshares - State of the Network - 19th July 2017
Welcome to the 44th 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 - 19th July 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.
This weeks report lacks some details due to Cryptofresh data being re-indexed after the Bitshares patch released the day prior to my data collection. I hope to have a full report as normal next week. Any affected data has been removed and to make up for it i have included a few more pictures and videos.
Observation from this week
This section will highlight any observations made while analysing the data.
BitUSD is still worth $1 USD (this should not be a surprise to anyone)
Peter Conrad (@cyrano) has had his worker proposal (HERE) accepted by the Bitshares shareholders. This worker proposal relates to the development and implementation of BSIP-0018 titled "Revive BitAsset through buying Settlement Pool".
@michaelx has released an article on huffington post titled "Please don't change Bitcoin, you'll break it!". The article relates to Bitcoin, BitShares and the Hero and the niches that each technology addresses. You can view the original article HERE or @stan has also shared the content on Steemit HERE
@kencode has released his weekly update for Smartcoins Wallet, BlockPay, Ledger Nano S, Stealth and BitShares Munich IVS. This weeks update sees 2 new developers enter the team focused on the Ledger Nano S integration and Stealth! There is also updates for Blockpay and a new release of the Smartcoins Wallet. You can see his update HERE. This week has also seen the release of BlockPay "S" v1.5.13 which can be found HERE
Ronny Boesing (CEO of OpenLedger) will be on the main Stage at the State of Digital Money 2017 Conference, Los Angeles, CA, July 22 2017 (Openledger 25% off Discount Code HERE). Also on July 30-31 Aviva Õunap, CMO of OpenLedger ApS on the Main Stage at Finwise 2017 Global Blockchain Summit in Shanghai, China, presenting the OpenLedger ecosystem and upcoming ITOs, including GetGame, eDEV.one. OCASH and APPTRADE
Ronny Boesing (CEO of OpenLedger) has announced upcoming sharedrops on OBITS holders for 5% of the following projects OCASH, eDEV, GetGame and Apptrade. There was also a mention of a QORA sharedrop in the next few days (given the posting date of this article this looks to be another QORA sharedrop in addition to the one conducted 1 week ago). Check out his full announcements HERE
OBITS voting is happening again. If you are an OBITS holders your personal username and password sent in the memo of a 1 BTS transaction from 'obits-voting'. Check your wallet for the TX and see the memo for your credentials. Example: 'Vote for OBITS - Let your voice be heard! Dear OpenLedger user! You have received this message as you are currently listed as an OBITS holder. We invite you to take part in the voting process offered connected to our monthly OBITS buyback&burn feature. Your personal login/password for voting are: ************* / *********** To take part in the voting we invite you to please visit the following page: obits.io/vote'
@virtual-growth has presented an idea in the last Whaletank hangout for a trading contest based on the Bitshares network. You can listen to his presentation HERE or see his written concept HERE
Congratulations to @mrehqe and @robertdurst10 on winning some Bitshares swag from @robrigo in his raffle
This week has seen the 'BitsharesDEX' telegram channel break the 2000 members mark and remains one of the most active channels of communication for the Bitshares community.
Bitshares user 'Spike Spiegel' has done a great job creating and maintaining the Bitshares thread on Bitcoin Talk. You can see his work and show your support HERE
Dan Robles has introduced BitShares/Steem/EOS ecosystem to engineers from the American Society of Civil Engineers. Dan has also been working from some time on digital currency called 'Quant' focused toward engineers to store value in infrastructure. See his video HERE
@stan this week has mentioned a couple of quotes from the PR firm Digital Launch in relation to the HERO campaign. "The time is now for us to strike without question. A little more organizing and we will go full force. The market is ours for the taking and the market is ours for the setting.". "This is a perfect event for us to take advantage of".
@fav has created a unified graphene discord server. To join this channel and keep up with the news on all Graphene chains please follow this link HERE
@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 372773; an increase of 11467 wallets/accounts since last week
The last asset registered this week is asset #1530 and it is named 'TIMESHARES' registered by 'pocketrocket69' with no description.
Smartcoin issueance chart showing weekly change since the start of 2017
Graphene Ecosystem
Block.One Presentation from London Fintech Week
Everyone wants 5% : HERO
The Bitshares Phoenix
BitShares Synergies by @ash - See full post HERE
'Bitshares Guy'
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.
| Market | Last Price | Price USD | 24hr Vol BTS | 24hr Vol USD | Vol % | Vol % Change W/W |
|---|---|---|---|---|---|---|
| CNY | 0.72 | 0.11 | 287,373,361.27 | $31611069.73 | 84.4% | -17.3% |
| BTC | 0.00 | 0.11 | 51,553,472.65 | $5564590.5 | 15.2% | -55.5% |
| EUR | 0.12 | 0.13 | 14,015.61 | $187188.6 | 0.4% | |
| WAVES | 0.07 | 0.41 | 0.00 | 0.0 | 0.0% | |
| USD | 0.0815093 | 0.08 | 0.00 | 0.0 | 0.0% |
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 BTS, CNY and USD
Smartcoins
This sections seeks to analyse the current supply and market capitalisation of the Bitshares Smartcoins.
| Asset | Supply | Price | Market Cap BTS | Market Cap USD | Supply Change W/W |
|---|---|---|---|---|---|
| BTS | 2,596,936,030 | 0.10647963 | 2,596,936,030 | $276,520,787.61 |  0.0082% |
| BTS Stealth | 270,323 | 0.10647963 | 270,323 | $28,783.89 | 0.03% |
| Reserve Pool | 1,003,636,030 | 0.10647963 | 1,003,636,030 | $106,866,793.13 |  -0.0212% |
| Accumulated fees | 76,106 | 0.10647963 | 76,106 | $8,103.74 | 877.85% |
| BitUSD | 3,930,395 | 9.45 | 37,142,233 | $3,930,395.00 | -11.70% |
| BitCNY | 53,309,519 | 1.383 | 73,727,065 | $7,850,430.58 | -25.89% |
| BitEUR | 90,679 | 10.87 | 985,681 | $104,954.92 | -11.45% |
| BitBTC | 76 | 21,180 | 1,609,680 | $171,398.13 | -4.40% |
| BitGold | 83.9 | 11,676 | 979,616 | $104,309.19 | -7.19% |
| BitSilver | 9,072 | 152.2 | 1,380,758 | $147,022.64 | -6.74% |
| Ruble | 1,531,055 | 0.1563 | 239,304 | $25,480.99 | -8.52% |
| HERO | 1,766 | 1,458 | 2,574,828 | $274,166.73 | -62.98% |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 789.9 | -18.4 |
| abit | 762.6 | -27 |
| bhuz | 736.1 | -24.9 |
| clayop | 663.8 | -16.9 |
| xeroc | 608.3 | -27.2 |
| chris4210 | 606 | -24.4 |
| bunkerchainlabs-com | 573.8 | -26.2 |
| witness.still | 570.1 | -26.9 |
| openledgerdc | 417.3 | -30.2 |
| harvey-xts | 415.6 | -16.3 |
| ebit | 387.4 | -22.9 |
Active Witnesses
This section will track top 25 active witnesses and the changes in support
| Rank | Witness | Votes | Missed | Missed W/W |
|---|---|---|---|---|
| 1 | in.abit 1.6.35 | 841.4 | 703 | 1 |
| 2 | bhuz 1.6.17 | 817.9 | 1559 | |
| 3 | fox 1.6.16 | 817.7 | 3343 | |
| 4 | wackou 1.6.18 | 812.5 | 1783 | 4 |
| 5 | verbaltech2 1.6.34 | 811.3 | 1664 | |
| 6 | rnglab 1.6.45 | 765 | 1817 | |
| 7 | witness.yao 1.6.71 | 764.1 | 3536 | |
| 8 | xman 1.6.64 | 759.2 | 1596 | 5 |
| 9 | delegate.baozi 1.6.37 | 757 | 1431 | 1 |
| 10 | elmato 1.6.20 | 747.8 | 4068 | 2 |
| 11 | witness.still 1.6.69 | 745.5 | 8916 | 4 |
| 12 | xn-delegate 1.6.59 | 730.8 | 2746 | |
| 13 | xeldal 1.6.22 | 674.2 | 1871 | 4 |
| 14 | roelandp 1.6.74 | 643.2 | 7 | 1 |
| 15 | blckchnd 1.6.75 | 629.5 | 582 | 1 |
| 16 | openledger-dc 1.6.76 | 629 | 503 | 3 |
| 17 | sahkan-bitshares 1.6.73 | 571 | 782 | 3 |
| 18 | abc123 1.6.65 | 569.9 | 1254 | 1 |
| 19 | delegate-1.lafona 1.6.28 | 562 | 1321 | 2 |
| 20 | delegate.freedom 1.6.63 | 519.5 | 4437 | 1 |
| 21 | harvey-xts 1.6.23 | 517.9 | 5806 | |
| 22 | mr.agsexplorer 1.6.24 | 509.2 | 4842 | 557 |
| 23 | delegate.btsnow 1.6.40 | 481.1 | 4035 | 267 |
| 24 | spartako 1.6.15 | 468.9 | 1609 | 1 |
| 25 | delegate-clayop 1.6.27 | 462 | 4841 |
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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I am slowly building up some exposure to BTS because the need for decentralised exchanges and coins with Real Life Applications attached to them are very much needed (and a potential value magnet in the future). I think BitShares could benefit from a strong and continuing marketing campaign and continuous development of the UI and number of tokens/coins supported. My immediate concern in this respect is that the UI for deposit/withdrawal is still somewhat technical and difficult to follow for non-tech savvy people.
@stan is working of some marketing for the Billion Hero Campaign which will include some exposure for Bitshares it self, but agree we need to get the word out more. Bitshares community is known for no hype and smart people quietly building and improving the platform but not for its marketing prowess.
Deposits BTS is easy you just use your alias/accountname (no need for cryptic addresses), its just a send transaction, but the deposit/withdraw page (used for interaction with the bridges and gateways) is a little confronting at first.. JonnyBitcoin is actually looking for input as to how we can reduce the complexity and make it more intuitive (HERE). Also agree the UI is very powerful and flexible but we could benefit from sole role specific wallets and platforms.
Thanks for the comments
Great work on these weekly reports, keep them coming! :D
Appreciate the kind words CM, Thank you :)
I love these... You know I could stare at this post all day and marvel over the stuff in it.
My favorite is the "Graphene Infosystem" logo / infographic.
It really shows you how deep and wide spread Bitshares is..
I know you love data analysis and critical thinking so i can imagine your mind racing while pouring over the data :)
The Ecosystem pic might be a little bit outdated now but it is still great to get an idea how big this Graphene space is!
Yes. :) Just Yes. :)
Upvoted and resteemed :) good content as always. cheers man
PS: i'm doing raw recording every friday if you use it consider to put my link you can find its on @africa :)
Thanks @africa
I love the raw recordings! it is a great effort on your part to have these available in such a small time frame!
Great post,so much information and very helpful indeed.
Cheers :)
Thanks for the detailed update. I think I need to get into Bitshares. What coin should I buy though?
Really depends on what you want to get out of it..
Beside those options there are many other tokens on the platform that all have their own value proposition
This Post was Added to the Steemit Social Media Queue.
Cheers Hilarski!
Thanks @steempower for sharing these updates of a great DEX platform.. Bitshares Rocks!
BitsharesDEX username: hms818
Thanks HMS, i agree Bitshares.rocks
so if i have obits in my bitshares account do I get the sharedrops? Or do I need to move them to openledger?
Yes you can hold in either and get the sharedrops.
Openledger is just a business (with it own UI) that runs on top of bitshares. So if you use bitshares native wallet or openledger they both use the same bitshares blockchain
Thank you sir, so anything that needs to be done besides holding the coins in there to get share drops?! And did I read right that half goes to sharedrops, and half to burning coins right now because that's what everyone voted for? Or did I get something wrong?
im newbie in crypto , your post is very helpful , thank you for sharing
Upvoted & Followed
Welcome to the space and thanks for the support
thank you , much appreciated