Bitshares - State of the Network - 11th July 2017

Welcome to the 43rd 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 - 11th 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.

• @xeroc has announced the launch of the 'BitShares Blockchain Foundation'. The foundation is initially focused on providing 3 major services: Public Announcements, Public and Private mailing lists and BitUSD worker escrow management. You can see his announcement HERE or visit the foundations webpage at bitshares.foundation

• This week has seen an incident on the Bitshares network causing block producing witnesses to halt block production. As a result of this incident and patch was released and all full nodes need to update to the latest release. You can find more information about the incident and the upgrade patch HERE

• Alfredo (@oxarbitrage) has had his Core Development worker proposal approved by the Bitshares stakeholders and as of today (12th of July) he is formally employed by the Bitshares Blockchain. You can find his proposal HERE

• A new worker proposal has been proposed by Peter Conrad (aka PC) to develop, integrate and test/support BSIP-0018 titled "Revive BitAsset through buying Settlement Pool". This worker proposal has been curated and supported by the BitShares Blockchain Foundation and is the first of its kind to be presented on the BitShares Blockchain Foundation's website. The pay for this worker is set at 23,000 USD and will use the BitUSD escrow services of the BitShares Blockchain Foundation. Please see the proposal HERE. I have also included the header of the proposal in the images below.

• @blockchained who created and bootstrapped the smartcoin 'RUBLE' has now handed over ownership of the RUBLE smartcoin to the Bitshares committee members. You can find the announcement HERE.

• Investopedia has released an article related to OCASH Titled 'OpenLedger Launches Crypto-Ready Payments Card OCASH'. OCASH is an upcoming (August 2017) VISA debitcard from OpenLedger allowing token holders to use SmartCoins such as bitUSD, bitEUR, bitGBP and Rubles; as well as other OpenLedger tokens, such as OBITS, BTC, and ETH to purchase items anywhere major debit cards are accepted. You can find the Article HERE

• @kencode has released a preview of the user interface for the new Smartcoins Wallet v2.0 (codename: Carbon). The white-label wallet has 6 blockchains integrated into an easy to use mobile application. See full details and preview the new interface HERE

• @officialfuzzy has started the Beyond Bitcoin WhaleTank hangouts. These hangout will occur on Friday at 3pm UTC (1 hour after the Bitshares hangouts) and will focus on Projects and startup in the crypto currency eco-system. There is also incentives for projects to get involved and sharedrops of 'whaleshare' and 'beyondbit' tokens to all participants. You can find out more details HERE

• @kencode has released his weekly update for BlockPay, C-IPFS, Stealth, graphenej and Smartcoins Wallet. This week has seen continued integration of GrapheneJ into the Blockpay application as well and updates for Stealth and the Smartcoins wallet (UI video below). You can see the full update HERE and join them on telegram at https://t.me/BlockPay

• @stan has released a post this week on the different risk profiles for people involved in the Billion HERO challenge. You can find out more and determine your risk appetite HERE

• @cm-steem has released two new draft BSIP this week and is asking for community input. This is a great effort from @cm-steem who is proving to be a huge asset to the Bitshares community and a prolific BSIP writer (4 so far). Please use the following links for more information related to BSIP-0021 Titled: "Introducing the 'Coin-Age' statistic to Bitshares assets" and BSIP-0022 "Titled Introducing expiring votes for Witnesses, Committie members & Proxies within the Bitshares network".

• @lovejoy has released unseen footage of and interview with Dan Larimer. The footage was acquired during the 'Bitshares Peer To Peer Tour' which happened back in April 2015. You can see the following posts and view the 3 part series Part 1, Part 2 and Part 3.

• @ash has released a guide to withdrawing your Open.Muse from Bitshares network to the Muse Blockchain. This process should be completed ASAP. This is required due to an upcoming Snapshot on the Muse network that will be used to as the basis for the genesis block for the new MUSE blockchain. You can see the guide HERE

• OpenLedger has sharedropped 'QORA GOLD' onto all Qbits and Obits holders to celebrate 50,000 unique users signed up via OpenLedger

• User Tony Peacock has recordered last weeks Billion HERO webinar and released the video to youtube. If you happened to miss the webinar you can view the recording HERE

• @ash has released a PSA relating to password security and methods to ensure that when you need them your passwords are accessible and valid. Please see his post HERE as he walks through a couple of password managers to help community members retain access to their passwords and as a result Bitshares accounts

• BikerCoin started as a CryptoNote coin on June 07 2016 and as of July 06 2017 migrated on top of the BitShares blockchain with the token 'BIKERCOIN'.

• Peerity have launched their token 'PEERCROWDFUND' on the Bitshares network. According to their website their fundraiser starts in 84 days. They list Cosmos and Tendermint as their partners.

• A new 3 Letter asset (Premium asset) has hit the market this week: 'XAS' registered by 'gw-union' who also registered CONSSIN which google translate suggests is related to an outdoor lighting and container door lock company. XAS has the following description: 'Asch is designed to make developers' life much easier: adopting JavaScript as development language, or supporting DBMS to store the transaction data, all of these approaches make DApp development like traditional web application, which must be extremely attractive to developers and SMEs. We believe the ecosystem of the whole platform will not be developed sustainably unless developers productivity could be promoted. Asch is also an open platform whose focus is not limited to a particular area, such as finance, document storage, or copywrite proof, but is on providing a series of underlying and abstract APIs, which can be combined and utilized to realize almost all kinds of applications. In addition Asch system utilized enhenced DPOS agorithm in its consensus mechanism to significantly reduce the probability of block fork and the risk of duplicate payment. Most importantly, Asch's sidechain-is-application mode can not only alleviate the blockchain inflation issue, but also make DApp more'

• @virtualgrowth is doing a weekly market update and token give away; Check out his post and vote on your favorite asset HERE

• This weeks Bitshares hangout recording has been published and is available HERE

• Current registered wallets/accounts within the Bitshares network is 369317; an increase of 8011 wallets/accounts since last week

• The last asset registered this week is asset #1498 and it is named 'AVERS' registered by 'aversis' with the description 'Settlement unit for Aversis software' googling leads me to aversis.net/ this seems like a good fit but may not be the actual projects website.

Smartcoin issueance chart showing weekly change since the start of 2017

Openledger team

Bitshares telegram user Jonas has received some Bitshares Swag ('BTS HODLER' Shirt, Hat and phone cover)

Worker Proposal presented by the Bitshares Blockchain Foundation. Full worker propsal HERE

Smartcoins Wallet v2.0 (codename: Carbon) - Full details HERE

Bitcoin Indonesia has released a short video titled 'What is Bitshares'

The Billion HERO challenge webinar recording

Google Trends for 'Bitshares'

Alexa Traffic ranking for Bitshares.org

Bikercoin banner lifted from bikercoin.org

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	0.86	0.13	292,717,265.69	36,908,575.35	72.7%	-65.4%
BTC	0.00	0.11	109,659,462.39	12,497,259.87	27.3%	-30.7%
EUR	0.12	0.14	104.00	14.22	0.0%
WAVES	0.07	0.40627294	0.00	0.00	0.0%
USD	0.293758	0.293758	0.00	0.00	0.0%

Worker Proposals

This section will identify the current approved and pending worker proposals

Active Worker:

• Alfredo Garcia - Core Development for Second half of 2017
• Refund400k

Proposed Worker

• 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 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	2,596,722,773	0.12278503	2,596,722,773	$318,838,683.58	0.0063%
BTS Stealth	270,241	0.12278503	270,241	$33,181.55	0.52%
Reserve Pool	1,003,848,929	0.12278503	1,003,848,929	$123,257,620.86	-0.0162%
Accumulated fees	7,783	0.12278503	7,783	$955.64	123.82%
BitUSD	4,451,009	8.48	37,744,556	$4,451,009.00	-27.01%
BitCNY	71,933,379	1.172	84,305,920	$10,351,504.94	-13.61%
BitEUR	102,399	9.67	990,198	$121,581.53	-10.61%
BitBTC	79.5	19,976	1,588,092	$194,993.92	-14.96%
BitGold	90.4	10,280	929,312	$114,105.60	-9.62%
BitSilver	9,728	131.7	1,281,178	$157,309.43	-6.48%
Ruble	1,673,671	0.1378	230,632	$28,318.14	-18.44%
HERO	4,771	1,326	6,326,346	$776,780.58	56.94%

Committee Members

This section will track shareholder approval of committee members

Account	Votes (M)	Votes Change (M)
bitcrab	808.3	-30.4
abit	789.6	-52
bhuz	761	-30.5
clayop	680.7	-32.8
xeroc	635.5	-17.9
chris4210	630.4	-7.4
bunkerchainlabs-com	600	-13.5
witness.still	597	260.9
openledgerdc	447.5	-10.5
harvey-xts	431.9	-37.7
ebit	410.3	-12.4

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	865.2	702	391
2	bhuz 1.6.17	832.7	1559	457
3	fox 1.6.16	830.2	3343	425
4	wackou 1.6.18	826.3	1779	494
5	verbaltech2 1.6.34	826	1664	439
6	witness.yao 1.6.71	779.6	3536	395
7	xman 1.6.64	774.8	1591	421
8	rnglab 1.6.45	771.9	1817	450
9	witness.still 1.6.69	760.9	8912	522
10	delegate.baozi 1.6.37	760.1	1430	396
11	xn-delegate 1.6.59	735.6	2746	442
12	xeldal 1.6.22	668	1867	593
13	roelandp 1.6.74	657.3	6	3
14	openledger-dc 1.6.76	645.4	500	451
15	blckchnd 1.6.75	643.1	581	386
16	abc123 1.6.65	588.2	1253	397
17	sahkan-bitshares 1.6.73	576.1	779	616
18	delegate-1.lafona 1.6.28	565.8	1319	608
19	delegate.freedom 1.6.63	550.1	4436	822
20	elmato 1.6.20	545.6	4066	390
21	harvey-xts 1.6.23	544.7	5806	625
22	mr.agsexplorer 1.6.24	525.1	4285	659
23	spartako 1.6.15	474.4	1608	572
24	delegate-clayop 1.6.27	466.4	4841	525
25	delegate.taolje 1.6.38	435.8	2228	433

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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