Welcome to the 40th 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 - 20th June 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.
@stan has revealed the development and management firm that will take control of the Billion HERO Challenge, The company DigitalLaunch has done work with Ice-T, Carmen Electra, Coca-Cola, Pepsi, The NBA and many more. The campaign is scheduled to start on the 4th of July 2017 and will roll out slowly in a strategic approach building information gradually and seeding the world with content before leading into Press events, cable news appearances and support by major celebrities. For more information please see @stan's recent post HERE
4th of July will see the start of the Billion HERO challange and will also see @Stan lock up $1 Million USD worth of Bitshares as collateral. This collateral will be used as the prize money for the Billion HERO challange. I recommend following @stan as there is some big news announcement expected to be released on or before the 4th of July.
cm-steem has created BSIP-019 (Bitshares Improvement Proposal) relating to Profit Sharing / Dividends feature which could be used on the holders of Core, MPAs, UIAs and FBAs. Peerplays have implemented this feature in the Peerplays Network, so if this feature is supported a worker could be created to review the previous work done by the PSVA and port the code into the Bitshares core network. You can find out further details and see the formal BSIP HERE
@kencode has announced through the support of his team and @onceuponatime work at Bitshares Munich has resumed; IT is great to see Ken back in action with the full support of his team as demonstrated in this week Bitshares hangout. This weeks updates show that work on Blockpay and Carbon started this week and Stealth and GrapheneJ being resumed next week! Ledger Nano S integration will kick off in a few weeks once the Dev team is back to full steem with Trezor support taking a back seat for now given the pending firmware release in relation to Trezor 2. Ken has also resumed his weekly updates and will be posting them with the steem account @kencode. be sure to follow him to stay up to date on all the latest developments. This weeks update can be found HERE
Ronny Boesing (CEO of OpenLedger is celebrating their 50,000th user sign up with a sharedrop of QORA GOLD (Openledger asset representing 1000 native QORA tokens) on to any Bitshares user holding >= 50 OBITS or >= 1000 QBITS, with remaining supply from 100 Million QORA potentially being share-dropped on any OBITS holders. Check out the press release HERE
Josh Kegode (@pawnuts) has proposed the formation of a Non Profit Organisation to focus on presenting a public face that is professional, helpful and welcoming to new members of the Bitshares Community. Responsibilities would include Social media management and expansion of reach, Information distribution, support for new users design of information youtube videos including management of the channel and development/implementation of marketing strategies.
Ronny Boesing (CEO of OpenLedger) will be doing a live stream event HERE on June 23rd. Join up to get all the latest and upcoming news on OpenLedger, their partnerships and integrations.
Ethereum hit the news yesterday with massive amounts of transaction bring their chain to a halt and causing heartache for general users and people looking to enter the Status ICO. @fav has done some quick calculations to determine the 90,000 transaction per hour that brought the Ethereum network to a crawl could be processed on the Bitshares network in a mere 25 seconds at previously tested transaction speeds. Full details HERE
This week has seen China dominate the trading markets with 84% of trade occurring in CNY instead of BTC when looking at traditional exchanges.
The total Smartcoin marketcap increased 54% this week to a total of 18.98 Million USD! please see the YTD chart plotting market cap below this section. With the largest increase in percentage terms coming from HERO and the largest change in USD terms being CNY
A new 3 Letter UIA has been issued this week (these are premium assets and as such are expensive assets) the asset is OCT with the description 'OCT是OracleChain项目在比特股内盘发行的代币，OracleChain团队承诺通过比特股内盘发售的OCT在OracleChain主网正式上线时以1:1 比例兑换为正式的OracleChain Token。'.
A new 3 Letter UIA has been issued this week (these are premium assets and as such are expensive assets) the asset is CHC with the description 'ChainsHomeCoin'.
Account 'ccedkbts' operated by OpenLedger has Registered a new 3 letter UIAs this week named MVS and a new 3 letter smartcoin named MTV.
Livecoin is set to open up trading for Peerplays (PPY) later this week. At that point Livecoin would support BTS, OBITS and PPY
@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 352171; an increase of 63351 wallets/accounts since last week
The last asset registered this week is asset #1431 and it is named 'CHC' registered by 'chainshome' with the description 'ChainsHomeCoin'
Smartcoin issueance chart showing weekly change since the start of 2017
Digital Launch - Development and Management firm that will manage the marketing campaign of the Billion HERO Challenge
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.
Distribution Balance Change W/W Change W/W %
BTS Supply 2,596,206,819 143,281.00 0.01%
BTS Stealth 268,827 - 0.00%
BTS in Open Orders (DEX T250) 3063228.9 -1,055,987.50 -16.31%
Reserve Pool 1,004,363,927 -144,237.00 -0.01%
RP Accumulated fees 3,329 1,971.00 40.82%
Collateral (top 250) backing Smartcoins 411005846 20,740,455.00 4.95%
Top 100 Total 1,501,031,065 1,706,460.00 0.12%
Top 100 - minus Exchanges 462,480,510 -17,309,717.00 -3.49%
Exchanges 1,038,550,555 19,016,177.00 2.00%
Non Exchanges 1,557,656,264 -18,872,896.00 -1.14%