Bitshares - State of the Network - 29th August 2017

4년 전

Welcome to the 50th 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 - 29th 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.

  • Toni Lane Casserly (@tlc) The Joan of Arc in Bitcoin and Blockchain Technologies; has joined the Billion Hero Campaign! you can find out more about Toni on her Steemit introduction post HERE and the announcement of her involvement in the BHC HERE

  • This week the founders of have announced and upcoming project to launch a new exchange on the Bitshares network. will have a web and mobile presence which are both currently in development.. Looking at the announcement they have a very aggressive roadmap. You can find more information HERE

  • @taconator has released a fee report for the Bitshares network for the month of July. The report goes in to a lot of details as to operations and fees collected. During the month of July; 698,000 BTS were collected for 16,700,00 operations (within 3,280,000 transactions). See the full report HERE

  • @cm-steem has drafted 2 new BSIP (Bitshares Improvement Proposals) - BSIP-0023 Titled: Sharedropping an UIA against an external cryptocurrency distribution snapshot and BSIP-0024 Titled: Locking Bitshares away as 'Bitshares Influence' for voting privileges on the BTS DEX. @cm-steem has written a number of the previously published BSIP's and these two as with the previous ones are well written proposals with a huge amount of detail on there subject matter.

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

  • Stealth Bitshares... This feature is not well known as it is somewhat complex to execute in its current form (don't worry @kencode is working on fixing that!). An old but good article was linked in telegram this week and i thought it might be useful for some newer viewers to at least know that Bitshares Stealth is an option. The post written by @vikx titled 'Anonymity and decentralization: an application for the stealth (hidden) transactions of the Graphene / Bitshares / Steem' can be found HERE

  • Article released on medium this week titled 'Unbanking the Banked' written by @michealx over-viewing Bitsparks recent migration plans to Bitshares and what it means for the movement of money globally. You can find the article HERE

  • @stan has mentioned on telegram this week that he has an upcoming interview with the community from Pirates without borders - 'Pirates Without Borders is an international association of Pirates. Unlike PPI it accept individuals as members and is itself a member organization of Pirate Parties International.'

  • @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 394154; an increase of 9925 wallets/accounts since last week

  • The last asset registered this week is asset #1625 and it is named 'POCKET' registered by 'virtual-growth' with no description but he has made a post about this token which you can find HERE

Smartcoin issueance chart showing weekly change since the start of 2017 concept art - more details HERE

Quantity of Transactions and Operations - Full report HERE

Fee's paid by day - Full report HERE

@stan is Planning the 2018 Global Reset

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 Supply2,598,538,273 345,311.000.01%
BTS Stealth269,289-0.00%
BTS in Open Orders (DEX - T250)3301962.83 -10,326.07-0.32%
Reserve Pool1002034371 -345,310.00-0.03%
RP Accumulated fees61009 10,063.0020.38%
Collateral (top 250) backing Smartcoins423226293 23,512,713.006.14%
Top 100 Total1,519,832,218 -17,849,481.00-1.15%
Top 100 - minus Exchanges402,404,297 -14,101,130.00-3.24%
Exchanges1,117,427,921 -3,748,351.00-0.34%
Non Exchanges1,481,110,352 4,093,662.000.28%

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 CNY, USD and PPY


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

AssetSupplyPriceMarket Cap BTSMarket Cap USDSupply Change W/W
BTS2,598,538,2730.139832612,598,538,273$363,360,388.90 0.013%
BTS Stealth269,2890.13983261269,289$37,655.380.000%
Reserve Pool1,002,034,3710.139832611,002,034,371$140,117,081.41 -0.034%
Accumulated fees61,0090.1398326161,009$8,531.05 19.752%
BitUSD3,763,2687.0626,568,672$3,763,268.00 8.592%
BitCNY90,853,0291.0898,121,271$13,720,553.47 8.458%
BitEUR101,9888.55871,997$121,933.67 -0.087%
BitBTC57.430,8311,769,699$247,461.69 -4.333%
BitSilver8,932125.21,118,286$156,372.91 2.572%
Ruble2,559,4270.12307,131$42,946.96 4.376%
HERO1,8061,1112,006,466$280,569.38 -0.769%

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)
bitcrab6441234.3 0.7
xeroc35192217.7 0.7
laomao354116.1 -16
baozi296559.3 -0.3
fav219536.8 0.6
bitshares-munich-wallet161514.5 8
dahu2438.7 0.1
hellobts30198 0.1
yao33367.6 1.1

Committee Members

This section will track shareholder approval of committee members

AccountVotes (M)Votes Change (M)
bitcrab791.8 -7.6
abit765.7 -9.1
bhuz743.4 -2.6
clayop667.3 -9.3
xeroc628.2 -1.7
bunkerchainlabs-com592.5 2.5
witness.still588.4 14.6
openledgerdc424 15.7
harvey-xts403 -0.7
ebit385.7 9.9
chris4210379.3 -4.7

Active Witnesses

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

RankWitnessVotesMissedMissed W/W
1in.abit 1.6.35 813.6703
2 fox 1.6.16 799.53347
3 bhuz 1.6.17 798.315633
4 verbaltech2 1.6.34 794.61669
5 wackou 1.6.18 786.417953
6 witness.yao 1.6.71 744.83540
7 rnglab 1.6.45 739.91826
8 xman 1.6.64 738.716097
9 delegate.baozi 1.6.37 732.514491
10 elmato 1.6.20 730.9417198
11 witness.still 1.6.69 722.78927
12xn-delegate 1.6.59 697.827591
13 roelandp 1.6.74 660.414
14 xeldal 1.6.22 650.41875
15openledger-dc 1.6.76 648.65081
16blckchnd 1.6.75 644.95992
17sahkan-bitshares 1.6.73 5847963
18delegate-1.lafona 1.6.28 565.21568
19abc123 1.6.65 535.512653
20 harvey-xts 1.6.23 497.45809
21 delegate.freedom 1.6.63 492.74855
22 delegate.btsnow 1.6.40 488.140562
23 mr.agsexplorer 1.6.24 481.15715
24spartako 1.6.15 439.22121
25delegate-clayop 1.6.27 426.84842

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 %
2chbts177,152,8650-26,446,285.00 -12.99%
3bitcc-bts-cold124,192,93202,202,116.00 1.81%
4bittrex-deposit118,264,854016,394,106.00 16.09%
5yunbi-cold-wallet110,000,0000-20,000,000.00 -15.38%
7jubi-bts89,765,6400-5,236,847.00 -5.51%
8poloniexwallet58,602,954031,508,491.00 116.29%
10bterdeposit34,762,4210-6,838,617.00 -16.44%
12stan15,293,6460-40,002.00 -0.26%
18cass9,378,343039,894.00 0.43%
19alexna649,341,52302,078,141.00 28.61%
30yun-bts6,116,27704,054,321.00 196.63%
33chsend5,518,6720614,364.00 12.53%
47bitcoinindonesia4,192,5680-187,413.00 -4.28%
49trans.bot4,114,3335453997,997.00 32.02%
53millibit533,867,0980-2,132,902.00 -35.55%
54blocktrades3,618,2616674279,582.00 8.37%
55bts-morning3,402,8380-104,499.00 -2.98%
63null-account3,011,94702.00 0.00%
67wys2,846,7960-410,010.00 -12.59%
69serg2,710,3470101,715.00 3.90%
70oraclechain2,588,0730-1.00 0.00%
78dev.bitsharesblocks2,419,7220-279,826.00 -10.37%
80bts-198002,309,0910-1,136,241.00 -32.98%
86jonnybitcoin2,198,1780141,088.00 6.86%
92wackou2,117,3830-52.00 0.00%
98pay.xeroc2,000,7510-1.00 0.00%

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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@cm-steem has drafted 2 new BSIPs

@cm-steem has written a number of the previously published BSIP's and these two as with the previous ones are well written proposals with a huge amount of detail on there subject matter.

Thanks for the shout out :)

Any requests for future BSIPs?


No worries man, you do a really incredible job on these BSIPs. Greatly appreciate your hard work!

I love the idea you mentioned in telegram regarding Sidechain.... not an easy task by any stretch of the imagination.

Also maybe something in relation to using smartcoin in prediction markets allowing for stability of the bet; not sure how this could works as it would mean smartcoins as collateral. I think prediction markets are one of our most under utilized features. I think there is a great opportunity for an entrepreneur to really make a good business out of this (with or without smartcoin - just need to make it easy for people to understand and use).


I love the idea you mentioned in telegram regarding Sidechain.... not an easy task by any stretch of the imagination.

I began working on the skeleton for the sidechain BSIP after completing the 24th (was on a roll, haha), it looks like an user on github has produced some very relevant material to work from. I'm unsure if this user has continued to work on this idea since posting the issue though.

Also maybe something in relation to using smartcoin in prediction markets allowing for stability of the bet; not sure how this could works as it would mean smartcoins as collateral.

You can bet with any asset, as long as someone else has borrowed it with BTS, however you should totally be able to use smartcoins as collateral for borrowing any asset, it'd be far safer than borrowing using BTS (since you'd need to account for BTS price fluctuation instead of USD).

I think prediction markets are one of our most under utilized features. I think there is a great opportunity for an entrepreneur to really make a good business out of this (with or without smartcoin - just need to make it easy for people to understand and use).

Perhaps because the functionality is so hidden away within the BTS client? You have to click 'Settings cog -> Explore -> Assets -> Prediction Market Assets -> Search for prediction market asset -> Navigate to prediction_market_asset:BTS (or alternative asset) trading page.

It could perhaps be one of the main tabs 'predictions' with all the latest prediction markets you can gamble against, with advanced sorting functionality. It looks like several prediction market assets are very old (trigger date has passed).


that trustless bitcoin gateway discussion on gateway is very promising, looking forward to that BSIP someone is writing. important step to future sidechains.

What do you think about trustless gateway to steem chain as well to test bts compatibility and methods for future with EOS and make trading steem on the dex more secure.

What do you think about my proposal here that would work for any coins?,24890.0.html

Also, what do you think of user generated trusted gateways to add to the dex searchable by coin and sorted by reputation with transparency requirements and tools to build them easier - make it easier for coin developers or businesses to offer gateways for the coins of their choice.

What do you think about on chain communication platform or forum for announcements and conversations that doesn't require links to hard to find third party platforms for witnesses, proposals, and so on, possibly replacing old trollbox as one of the additions.

What do you think about developing graphene atomic swaps standards (or even "subatomic" lightning network state channels) compatible with btc-like chains that work to make it easier to trade smartcoins & BTS in trustless manner with other blockchains for on ramp. This could then be used as instructions for supernet/blocknet to connect with bts chain assets on their shapeshift-like bridge services they specialize in as on ramp to high frequency on-chain margin trading on the bts dex not possible anywhere else.


Great work by @steempower & @cm-steem that I and others thoroughly enjoy reading and experiencing through our crypto lives and passions!


That's all good news!! Loving it!


very interesting and complete the post, thanks for collaborating with information for all, I am super useful for those who are learning.

Congrats @steempower on your 50th Bitshares State of the Network report!! Your dedication is as much appreciated as the fantastic reports themselves.


Thanks for the kind words Can! can't believe it is the 50th already; here is to another 50!

I don't like the fees for setting offers. :/


Maybe i misunderstand but 'Fill order' are Free.

Create and cancel cost a fee (spam prevention) - but the fee is fixed price; i think it is very competitive compared to Bittrex/Poloniex ect, which do not charge to place or cancel an order but when you get filled you are paying 0.2% - i.e for every $100 worth of crypto traded you are paying 20 cents.

Limit order create 0.0121 BTS - $0.00164 USD
Limit order cancel 0.0012 BTS - $0.00016 USD


There is a month I was reading an article about why Bitshares is charging a Fill Order fee, is in order to prevent spam and also apis/bots (whales) that have a lot of ressources can pump or dump the prices according to their interests, sorry for my english i feel more comfortable in spanish or french.

Waited almost a week to read your weekly report. Today morning I could read @stan's "Planning the 2018 Global Reset" post and already talked the value of BitShares rather than most of Crypto coins at the market place!
I never doubt BTS and it's powerful block chain technology and it's Eco system. And I never doubt STEEM too.
Actually I need to thank you @steempower, @stan, and @onceuponatime for giving continuous support to the community to be millionaires and billionaires in next two years of time!
I can't even think the effort your putting on this report! Actually we are awaiting to read this report to get the full scale understand about the coin and upcoming events!

Really appropriate your effort and I wish people will understand the power of BitShares and the power of it's block chain technology and will be millionaires in 2020 :D

Thank you very much for this great report!


Wow . Congrats @steempower on your 50th Bitshares State of the Network report ... I resteem it

Why is there such a huge increase in transactions over operations for the past few months? What is an operation in this scenario?

"This week the founders of have announced and upcoming project to launch a new exchange on the Bitshares network."

I thought Bitshares was already an exchange? Is it also a protocol platform which others can use to build their own exchanges?

Thanks for the update. I would like to start using Bitshares again. But with the difference between Ask and Bid prices like it is in these images I don't think we can consider Bitshares as an active replacement for CEXes. But without increasing the volumes I am not sure how we can address this issue.

Bithsares should should concentrate on getting more volumes by

  1. Promote Bitshares to new people. May be give them some free Bitshares initially? That could be a motivation for people to check out the Dex.
  2. Add more altcoins on the DEX. I am assuming it is easier to add a coin on Bitshares when compared to CEX.

Screen Shot 2017-08-31 at 1.39.47 AM.png

Screen Shot 2017-08-31 at 1.40.57 AM.png

Let us hope that volumes will pick up once people realise how the Centralised exchanges are ripping them off.

Looking forward to the day when Bitshares will go mainstream and I will be able to trade all the altcoins on Bitshares.


you're welcome to profit from providing liquidity via bots like or write your own

Love the Bitshares Superhighway image. Classic :)

Thanks @steempower for sharing updates of an innovative DEX platform..I am glad to see that Steem & Bitshares are both moving up over each other in terms of market cap.

Great and detailed summary! Special thanks for Referal stat!

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Indeed very detail post

This post was very informative thank you for sharing
you have my upvote
Keep smiling, reading, writing and voting!!!

Good report. I like the DEX but I fear people will leave because of the lack of coins listed. Bittrex and Binance have so many more users and coins. OpenLedger is falling behind because it is too focused on ICOs instead of keeping up to date.

I wonder what the bitshares team think of It has a similar feeling to Litecoin with someone copying the source, modifying it a bit and launching it as a kind of 'lite' alternative of the real thing.

The Bitcointalk thread of the dev got deleted. I am not sure why but there was a big fight between a regular user and the dev with the dev actually offering more free liteshares if users would report the critical user. Quite the drama.

I hope this does not reflect negatively on bitshares in the longer run.

Thanks for the update

hi, nice long post; in terms of bringing free web traffic to my blog I linked back to this post :

@steempower - Sire, this is a very useful report for all BitShares lovers. You are doing a good job Sire. Love your work Sire. Therefore, I wish to ReSteem your post Sire.

+W+ [UpVoted & ReSteemed]

thank you for the information

amigo #resteemia at your service

'Toni Lane Casserly (@tlc) The Joan of Arc in Bitcoin and Blockchain Technologies; has joined the Billion Hero Campaign!' hope to hear more big news in next week too. impressive work @steempower

'UpVote ReSteem Comment'

too much information. is BTS going up in value. Yes or no response only please.

so much information thank you for sharing

Nice post @steempower thank you for sharing and i like your post

That's all good and interesting news looks like bitshare has a bright future !

Great work

Thank you

Very informative; thank you.

Wow!!! superb post with lots of information!! thanks for your effort man!!

Great report, but a lot of info, what are the main interesting projecta running on Bitshares atm, will Bitshares ever be an insurance or a bank as Dan larimer suggested.
Would it be able to function like a normal bank/ insurance?

I am invested in BitShares, but love to know more about the main projects so I can share!

This is great info. Wondering if I can translate it to Chinese so more people can see? Thanks


Deeponion is having a 40 week airdrop for those of you that have a bitcoin talk account. It's fully anonymous and designed to run thru the tor network. The Dev team and marketing strategy are on another level with a full team of friendly moderators ready to answer any questions at a moments notice. With it's unique distribution It's a great long term hold with zero financial risk. If you don't have a bitcoin talk account you can put that miner to work or pick some up at novaexchange and stake them for interest.

+1 Hello @azziz, I follow you now. Answered and resumed your publication. Thank you

Much more info... Thbks for sharing thisa post

Upvoted and followed :)

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Top information in your post...
Thank you very much @steempower...
I have resteem your post and upvote,so followed....
Success always for you @steempower....

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

  • Upvotes - Ranked 8 with 448 upvotes
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Hallo go follower

very interesting and complete the post, thanks for collaborating with information for all, I am super useful for those who are learning.

So you value my feedback.... well I value you back. :)

Wow, the thing sounds fantastic... glad I heard about it here first.

See how important your posts are? (Oh, you knew it already) lol.

See you tomorrow on mumble?

great update

Absolutly good!

Along with a great currency to invest in, you also need a bitcoin wallet. It’s surprising how many people don’t know how to fully secure their coin, read my article about the Ledger Nano S wallet,, leaving your coin unsecured could mean you lose your investment

Hey @steempower!
great post. I actually I enjoyed reading to it because was actually full of great content! Quick question to you great steemian:

1st: what are the real king rules that you thing i should apply for an healthy growth? i brainstorm myself and put down those rules here:

2nd questions i on all Mobile app. Regarding DAPPS how do you think that all those blockchain application will evolve with the technology?

Looking farward to your great comment. I love to learn and share with other steemians @steempower


Photo on 12.07.17 at 21.19.jpg