Bitshares - State of the Network - 22nd August 2017

4년 전

Welcome to the 49th 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 - 22nd August 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 Larimer and Dylan Howard have done a great interview Chris and Danny from ‘The Crypto Show’. The interview covers Bitshares, Hero and graphene tech in general; It runs for roughly 1 hour and can be found HERE

  • @bitspark has released part 2 of their plan to ‘Unbank the banked with Bitshares’ the article goes into detail regarding future path forward for Bitspark and their remittance business using the Bitshares network. Find full details HERE

  • @richcg has been working on an updated design for the website. You can view his latest progress HERE

  • @jeremypeng has announced that his small development team has been working on a Bitshares mobile wallet; The wallet is initially only targeting the android market place but seem like it is nearly ready to launch! You can see the announcement HERE. As mentioned in the comments it is important to recognise that this wallet will be in control of your private keys and as such you should be cautious with storing large sums of money in this wallet until the source code can be verified by yourself or trusted community members. @goodkarma went through the same vetting / trust period when he released ‘eSteem’. I truly wish @jeremypeng and his team the best success and hopefully one day in the future they will enjoy a level of trust from the community which can only be earned by positive reputation.

  • @cerebralace is working on a A Decentralized Electronic Health Record System called ‘medibyte’. Medibyte aims to allow a patient’s health information – chief complaint, medications, allergies, past medical history – to be recorded in a medical record which will be divided into blocks and stored on the Medibyte blockchain. Each patient medical record can not only be accessed by that patient alone, but can also be quickly queried and accessed by their provider. They are also looking to use open source machine learning algorithms in order to determine the most likely diagnosis for each incoming patient. You can find out more HERE

  • @michaelx has released and article ‘This Is Why Digital Currencies Need A Self-Regulating Organization’ Co-Authored by: John Gotts, Founder, and CEO – The article explores the ability to self-regulate the space before existing institution do it for us. Cryptonomex is working the Token Exchange Self-Regulating Body (TXSRB) with the goal of making BitShares the safest, most-legitimate exchange in the world of crypto. You can see the full article HERE

  • The Billion Hero Campaign has released a blog post on the rise of BitAssets and the ability to offer stability in the volatile world of crypto currencies with a counterparty free digital smartcoins. See the post HERE

  • Ronny Boesing (CEO of OpenLedger) has announced they are now the proud residents of an Office in Aalborg near Aalborg University and in Same surroundings as 100 other internationally minded companies in the ‘Novi Science Park’. He also mentioned the future plans for settings up offices for BlockchainLabs in the Philippines. He has also mentioned that the AirBitz integration is on the verge of being integrated with OpenLedger in the coming weeks.

  • The team from The BAD Crypto Podcast have done a video guide on how to setup a Bitshares Wallet to get some free BADCOIN. You can view the video HERE

  • The BitsharesUI worker proposal which involves paying contributors to remediate issues and code solutions to approved issues had been a huge success with 21 issues being closed so far in the current sprint. View the current sprint progress HERE

  • HowToToken has launched an ICO dubbed ‘the first ICO where you can’t buy tokens and only could receive them for your expertize.’ The ‘Howtotoken’ asset is a UIA on the Bitshares network which can only be earned by contributing to the platform/community. See HERE for more information.

  • Ronny Boesing (CEO of OpenLedger) has announced a series of more than 20 supported ICO's and ITO's in coming months and rest of 2017 The first of which is Finchain from China. You can find more information HERE

  • @kencode has posted to Steemit this week in search of a Design and Branding expert to work with his team. If you have the skills required please see the position information HERE

  • @estefantt has released the latest Bit20 composition. The Crypto currency index fund updates its composition on the 20th of every month to provide passive investors with a diversified asset that's price tracks the top 20. To get more details and see the latest composition please see @estefantt post HERE or visit

  • OpenLedger is the platinum sponsor as well as EOS being the Diamond sponsor at the upcoming Wanxiang Blockchain Labs conference in China. Dan Larimer is also speaking at the event so between these two powerhouses Graphene tech should get a lot of interest come the 14th-16th of September. You can find out more about the conference HERE

  • Ronny Boesing (CEO of OpenLedger) is the Keynote speaker at the IOT Blockchain Conference in Barcelona on the 3rd-5th of October. You can find more information on the conference HERE

  • New 3 Letter UIA (Premium UIA) INS has been registered this week. INS is registered by 'inchain' with the description 'Inchain is a public chain project which is underlying block chain platform for commercial application,aiming to build an integrated service platform of The Internet of things for commodity on block chain.'

  • XRATED is a new UIA registered this week which could be the start of the Adult Cam service based off the Bitshares network. The new UIA registered by 'stmcm' has the description 'For the first time in history, users of live adult cam services no longer need to depend on the platform to act as a confidential and trustworthy depository. With xrated token and our business process, we offer the most efficient and secure peer to peer tipping system in the industry. Xrated token is specially designed for adult entertainment and is accompanied with a fully functioning live adult cam platform. Visit to learn more.'

  • @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 384229; an increase of 2949 wallets/accounts since last week

  • The last asset registered this week is asset #1625 and it is named 'CNBTS' registered by 'global-bitshares' with the description 'CNBTS issued by zhshj company in china.The first bts exchange chinese website will be launched in September 2017. Official websites: and'.

Smartcoin issueance chart showing weekly change since the start of 2017

Bit20 Performance against USD

Why Bitshares?

BitshareUI Current Sprint

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.

DistributionBalanceChange W/WChange W/W %
BTS Supply2,598,192,962 328,225.000.01%
BTS Stealth269,289-0.00%
BTS in Open Orders (DEX - T250)3312288.9 870,983.0026.88%
Reserve Pool1002379681 -328,225.00-0.03%
RP Accumulated fees50946-0.00%
Collateral (top 250) backing Smartcoins399713580 14,597,535.003.81%
Top 100 Total1,537,681,699 -17,530,010.00-1.13%
Top 100 - minus Exchanges416,505,427 -13,656,167.00-3.14%
Exchanges1,121,176,272 -3,873,843.00-0.35%
Non Exchanges1,477,016,690 4,202,068.000.28%

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.

MarketLast PricePrice USD24hr Vol BTS24hr Vol USDVol %Vol % Change W/W

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 PPY, CNY and USD


This sections seeks to analyse the current supply and market capitalisation of the Bitshares Smartcoins.

AssetSupplyPriceMarket Cap BTSMarket Cap USDSupply Change W/W
BTS2,598,192,9620.125155462,598,192,962$325,178,035.33 0.013%
BTS Stealth269,2890.12515546269,289$33,702.990.00%
Reserve Pool1,002,379,6810.125155461,002,379,681$125,453,290.07 -0.033%
Accumulated fees50,9460.1251554650,946$6,376.170.00%
BitUSD3,465,5218.128,070,720$3,465,521.00 -2.79%
BitCNY83,767,7751.18699,348,581$12,434,017.37 4.54%
BitEUR102,0779.57976,877$122,261.48 -2.24%
BitBTC6030,8731,852,380$231,835.47 -20.21%
BitSilver8,708137.71,199,092$150,072.86 2.63%
Ruble2,452,1270.136333,489$41,738.00 0.23%
HERO1,8201,2692,309,580$289,056.55 -5.36%

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.

AccountReferralsChange W/W

Vote Proxies

This section will track the change in proxy voting

AccountOpinionsFollowersWeight (M)Weight Change (M)
bitcrab6439233.6 2.7
xeroc35192217 -2.6
laomao354132.1 -17.2
baozi296459.6 6.7
fav219236.2 0.1
abit4348912.1 0.1
dahu2338.6 0.1
hellobts30197.9 0.3
bunkerchainlabs-com37207.5 -0.9
blckchnd213666.7 0.2

Committee Members

This section will track shareholder approval of committee members

AccountVotes (M)Votes Change (M)

Active Witnesses

This section will track top 25 active witnesses and the changes in support

RankWitnessVotesMissedMissed W/W
1in.abit 1.6.35 827703
2wackou 1.6.18 803.517921
3fox 1.6.16 801.63347
4 bhuz 1.6.17 7981560
5 verbaltech2 1.6.34 796.616691
6rnglab 1.6.45 757.61826
7xman 1.6.64 753.31602
8delegate.baozi 1.6.37 748.414482
9witness.yao 1.6.71 745.53540
10witness.still 1.6.69 736.489272
11elmato 1.6.20 734.74073
12xn-delegate 1.6.59 710.227584
13xeldal 1.6.22 668.918752
14roelandp 1.6.74 647.3145
15openledger-dc 1.6.76 632.55071
16blckchnd 1.6.75 627.25975
17sahkan-bitshares 1.6.73 582.47931
18delegate-1.lafona 1.6.28 561.615682
19abc123 1.6.65 548.612623
20delegate.freedom 1.6.63 506.948553
21mr.agsexplorer 1.6.24 49957152
22harvey-xts 1.6.23 498.35809
23delegate.btsnow 1.6.40 487.340541
24spartako 1.6.15 455.8212133
25delegate-clayop 1.6.27 444.44842

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

RankAccountBalance(inc orders)OrdersChange W/WChange W/W %
1poloniexcoldstorage230,001,20401.00 0.00%
2chbts203,599,150015,059,893.00 7.99%
3yunbi-cold-wallet130,000,0000-5,000,000.00 -3.70%
4bitcc-bts-cold121,990,8160-2,065,341.00 -1.66%
5bittrex-deposit101,870,74801,447,908.00 1.44%
7jubi-bts95,002,4870749,687.00 0.80%
9bterdeposit41,601,0380-2,992,986.00 -6.71%
10poloniexwallet27,094,46304,525,247.00 20.05%
11aloha20,268,1880904,544.00 4.67%
14echocold112,847,6560-3,729,981.00 -22.50%
17getch-bts9,533,35904,595.00 0.05%
18cass9,338,4490-86,000.00 -0.91%
32baozi5,974,0560-5,000,000.00 -45.56%
44chsend4,904,3080-3,522,635.00 -41.80%
47bitcoinindonesia4,379,981015,213.00 0.35%
54advokat-jacobaaes3,730,02302,730,023.00 273.00%
55bts-morning3,507,337010,976.00 0.31%
56bts-198003,445,3320-340,269.00 -8.99%
57enki3,384,0793183-1,014,367.00 -23.06%
59blocktrades3,338,679667462,494.00 1.91%
67trans.bot3,116,33654532,931,585.00 1586.78%
68dan-dan3,047,6950-1.00 0.00%
73do1232,800,0410-303,412.00 -9.78%
75tkoba992,660,9851559-1,353,843.00 -33.72%
76serg2,608,632069,705.00 2.75%
81chainsquad2,528,0150-2.00 0.00%
87freedom352,247,7780238,545.00 11.87%
91mostar2,197,4890-20,022.00 -0.90%
96wackou2,117,4350-52.00 0.00%
99yun-bts2,061,9560-12,075,617.00 -85.42%
100jonnybitcoin2,057,0900284,345.00 16.04%

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, 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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Incredible summary. You deserve every penny for your efforts. You put the rest of us to shame with smaller postings.

I sat here reading every part of the summary. The links to everything. I have nothing to say other than, I truly appreciate the work you continue to do with the Bitshares state of the Network posts.

Hat off... I bow. Thank you sir.


Really appreciate the kind words Intelliguy :) you made my day! Thank you man

@SteemFactory is a project on Steem with its own UIA, STEEMFACTORY. We would like be added to your report. We publish a weekly report, so updates are readily available.

Here is this week's report - Please consider us.

Thank you,


Always love this updates :)


Thanks Tony :)

UI worker and Bitspark are finally tackling the two issues holding Bitshares back: useability and liquidity. This is super exciting and I think this fall/winter are going to be huge for BTS. And damn, the DEX is turning over more than $20M USD in trades every day.... with no government, no corporation, no slimy exchange operator. And now XRATED - if Bitshares finally cracks the crypto cam industry $10 BTS is just going to be getting started... holy moly.


Yes, the founder of Bitshares is Dan Larimer who is also the founder of Steemit this very platform that so many of us use and enjoy. He is also the creator of EOS if you haven't heard. Nothing but successful projects all around.


Can you keep talking? I want to learn more, but don't know what to ask.


I want to learn the field of digital currency trading What should I do?


I am an old man and i would like to have multiple wallets for my Grandkids that can be controled by
me and transfered to my kids with lots of Bitshares/openledger when I croak. Any ideas how I can set this
up. I am a lifetime member in Openledger.

Thanks @steempower for sharing the updates of Bitshares, whose market cap is rapidly increasing and already in top 20 coins.


You are rich when you have time and friends !!

I like your post @steempower thank you very much for sharing :)

Good post
I like to have a stemit friend like you who are a fan. I want to be like you to spark my aspirations to be liked by other stemit friends. I want to be the best poet that many fans like you.

I like the openness of this project. A detailed report indeed. With the arrival of we might have the much required volumes that DEXes are lacking. If the volumes increase we can finally stop trading on centralised exchanges.

As always, excellent work creating these weekly Bitshares state of the network reports @steempower! Keep up the great work :)

Edit: Quick shout out to @smokenetwork for the ICO they're holding on the BTS DEX


It is good to hear that ICOs are happening on Bitshares. Do you have a list of ICOs that have happened before on I just purchased a couple of Smoke tokens on Bitshares, it was as easy as making a simple trade. Let us hope that more and more ICOs will happen on Bitshares.


If anyone should be commended for their great work it is you man! Really appreciate your hard work and ability to execute! Thanks for being Awesome!

Yes there is a perfect bitshare release.
Very useful to get an analysis of you, I think has worked better.
But I better get an application for bitshare movement analysis as it is an esteem application released by @goodkarma.
It's easy to see the bitshare price movement.
Thank you, interesting post @steempower

Wow great post and detail

Great post, @steempower can you or someone else help me I transferred 6sd to my bitshares account road2wisdom and its not in there its been over an hour is this normal? Can someone help me please thanks anyone @blocktrades ? lol anyone @virtualreality ? Did I do something wrong?


Really sorry for not getting back to you R2W, did you get this sorted out? happy to help if you still need some assistance. FYI we have a very active telegram channel 'BitsharesDEX' if your on telegram you should join the channel just encase you need to reach out in the future; there is always someone around that can help in pretty much every regard.

let me know if you still need some help


Hi @steempower
I think I sent it to the wrong address. I could have sworn I hit copy though and it was only 6sd. I sent it to @openledger instead of @openledger-dex
I don't know Iif the first address has any affiliation with bitshares? But @virtualreality and alexpmorris helped me with the issue. I sent a memo to openledger asking for my funds back lol nothing. But it's ok, a couple of days ago I used the service with -dex and it went smoothly😊 Thank you for getting back to me with your response and I will definitely check out the telegram channel. Thank you have a great day.

I'm about to sell all my BTS holdings. Can anyone explain why I should still hold them? Any updates coming in near future?

First time reading your report. Very long, very informative, got me interested. Was not really following anything about Bitshares, now is a time I guess to start.

  ·  4년 전

If u have time please come to my blog and vote..thanks

Thank you very much for the weekly summary report! Yeah, this is my bible of BitShares! Thanks for your report of last week, I got few good decisions and today I am enjoying the profit of those decisions! All credits goes to you @steempower!

Actually I was stopped thinking about ICOs, hate dramas, won't be part of that! Now focusing on BTS and few other coins, won't named them here. Anyway BTS has a great future ahead, and the community support is truly amazing! So, you know the outcome ;)

Again I have a week to wait for the next report! And I want to say you are adding a true value to STEEMIT community and to the BTS community as well. Really appreciate your effort and again thank you very much for this great summary report!


Hi, nice post to follow and upvote follow @steemboad

flick of the sharkfin cover AD.JPG

Hi steempower - I am upvote number 417 - Im @super-grand-ad - Can anyone tell me - I have a blockchain wallet with bitcoin - how do I use that bitcoin to buy steem ?

Well, @steempower , you made me swallow every word in this post and Im going to open an account. Ive been using bittrex recently and it sure has some issues... Thany for all the info!


Upvote this Comment for More Resteems

Wow how much information, this is of great help, thank you very much for sharing!



@steempower nice to hear from you and thank you for your post.

This post has received a 100.00 % upvote from @minnowhelper thanks to: @eutectico. For more information, click here!

  ·  4년 전

Nice post and detail..

amigo #resteemia at your service

Define summary - check @steempower 's posts of 'BitShares State of The Network' report. impressive work

'UpVote ReSteem Comment'

@steempower - Sire, I love your summary report. I love your work Sire. You are enlightening us by sharing your knowledge Sire. Love your work Sire.

+W+ [UpVoted & ReSteemed]

Great things!

Thanks for this important information.

Nice post. I fully understand what you're talking about. It surprises me people don't do their due dilligence on the coins they invest in. How can you invest in something if you don't know it's Trustworthiness. I found this great website: They seem to give this complete indepth analysis of all cryptocoins. Sorted by team, product, company, advisors, previous investors, etc. Check for example: To check Bitshares Investment research.

Thank you

nice post my friend many thanks for sharing

I like your post @steempower

Well that was a lot of information. Was I the only one just scrolling to the comment section before reading the article!! =D

You must be the change you wish to see in the world.

- Mahatma Gandhi

I really like the posting, unfortunately will wait for his next posting

A very interesting and useful post and thank you for sharing my best friend update @steempower

Great content @steempower. I definitely enjoyed the read and stats! Thanks for sharing :)

Good I really like your post

i have lost alot of money here ...spam spam spam

Join my autoblog! Interesting photos&facts!

Good,,,i like post

Thanks you for posting on steemit
hope to visit it once :)

Congratulations @steempower!
Your post was mentioned in the hit parade in the following categories:

  • Upvotes - Ranked 10 with 496 upvotes
  • Pending payout - Ranked 4 with $ 321,61

this is a lot of info. do you have cliff notes version or can you simply say whether this coin will pump or not.


Lol seriously ?

That's how you trim the mass just show them what they desire wealth and royalty as every single person on this planet wish to be rich and financially secured same as today with Bitcoin a punch of numbers too complicated to understand makes you rich I guess we're not the smartest generation ever lived!! @thirdmanh3

Excellent, very good content greetings I follow you. I love you happy day, if it is your pleasure I invite you to visit my profile I am a girl lover of life and love I hope your participation until later

Great One..You have clearly explained about the concept..Step by step explanation is too good to understand..Its very useful for me to understand..Keep on sharing..

Very nice post, well written and very made me buy bitshares man !!
upvoted !!
if possible visit my post too thanks :)

Regards to know ya steam friends .. hopefully we can be friends well

Great detail and a comprehensive analysis. I've been sitting on BTS for a while now hoping they'd finally come good. Thanks

A very useful article Sir @steempower, thank you for sharing the post about Bitshares, a coincidence because I'm learning about this Bitshares, thank you for always sharing useful and interesting postings to follow Sir.

-Excellent post thanks for sharing
I am a new steemians, maybe i should study first with you, regards know me please follow me
I followed and upvoted.Would you like to follow and upvote me.

-Excellent post thanks for sharing
I am a new steemians, maybe i should study first with you, regards know me please follow me
I followed and upvoted.Would you like to follow and upvote me.

Incredible summary . Thanks for share that

Very good post, this is a very useful information