Bitshares - State of the Network - 30th January 2018

Welcome to the 71st 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 - 30th January 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.

• The first Graphene Devcon from the Chinese community was successfully held in Shanghai on 21st January 2018 which had over 400 participants attend. The event was so valuable the organisers are now organising a Global Graphene conference and are calling for Speakers and Participants! dates are not finalized as yet but tentative dates for the 2 day event are March 24th/25th, March 31st/April 1st or April 22nd/23rd and will be held in Shanghai, China. This is a development focus event but everyone is invited to attend. I encourage you to check out the official announcement and help make this event a huge success. More details HERE

• BTS.AI, which launched earlier this week. BTS.AI joins the 2 existing explorers Cryptofresh.com and Bitshares-explorer.io/@abit has announced a new Bitshares Block Explorer

• A communication proposal has been put forward by BTSFAV who is encouraging Bitshares committee members to support a statement to the general public in relation to Bitshares 'partners'. To summarize, Bitshares being a Decentralized Autonomous Corporation mean that no single person or entity can enter into partnerships with any third parties and the only way to forge an official partnership would be via a stakeholder vote. Full information HERE

• The BitShares Blockchain Foundation has announced 3 new worker proposals which are looking to make use of the BFF escrow program. The new worker proposals are Legal Council about BTS and No-action, BSIP 29 and BitShares-ui. You can find the official announcement HERE

• 7 active price feeds for the 'Hertz' asset. He is also offering a 750 BitUSD bounty for implementing Hertz in the btsprice python price feed repo. For more detail see his post HERE@cm-steem has announced there is currently

• The Scorum team has announced the first testnet of the Scorum blockchain is now live HERE. Scorum is the new Graphene blockchain with a team who have developed ACCT (Atomic Cross Chain Transactions) on the Graphene toolkit. For more information HERE

• Graphene based chains have scored well in the recently introduced Weisstarings crypto currency ratings. EOS scoring a B, Steem scoring a B- and Bitshares scoring a C+. The ratings got a controversial entry to the space but either way it is great to see Graphene chains in good regard.

• BTS being used as collateral for the smartcoin economy has increased 20.81% of the circulating supply

• 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 688833; an increase of 24656 wallets/accounts since last week

Smartcoin issuance chart showing weekly change since the start of 2017

Beyond Bitcoin - Bitshares hangout@steempowerpics has started producing slides introducing topics for the

Number of accounts holding BTS (off exchanges) over the past 14 weeks

Percentage of BTS circulating supply locked to the blockchain as collateral backing of the smartcoin economy

Graphene Devcon event sponsored by bitcrab(Jerry Liu) and organized by Blockchain Center. - source

source@patrickjh has created a short video 'So what is Bitshares' -

Behind the scenes of the Billion Hero marketing campaign - 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:

• Alfredo Garcia - Core Development for Second half of 2017
• 201708-bitsharesui
• Abit - Core Developer - 201712~201803
• 2017-12-blockchainacademy
• Joint Marketing Campaign of Exchanges WP
• 201710-spokesperson
• 201710-compliance
• BitShares Greater China Representative
• 201712-infrastructure
• Refund400k

Proposed Worker

• 2017-12-blockchainacademy
• Crypto-Solutions
• DEXBot - User Friendly BitShares Market Making Software
• 201801-budget-chinese-translations
• 201802-legal-bts
• 201802-bsip29
• 2018-02-bitsharesui
• Soledger - Vikram/Agent86 - Project administration & essential maintenance
• Fund to pay dividend
• NeoWorker - neoreel-1

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 Bridge.BTC

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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