Bitshares - State of the Network - 5th December 2017

10개월 전

Welcome to the 64th 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 - 5th December 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.

  • This week has seen a 26% increase in the smartcoin supply making a new All Time High in the circulating supply of smartcoins within the Bitshares platform. The largest increase in circulating supply came from BitUSD which has increased by 38% and the Ruble by 22%, followed by BitCNY and BitEUR which both seen 16% increases.

  • The exchange has opened BitCNY trading pairs this week. This now means that both BitUSD and BitCNY (fully collateralized smart coins) are base pairs being offered against some of the major cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin and Ethereum; currently over 1.5 Million USD have been traded on the smartcoin markets. Visit for more details

  • @Billbutler has announced the latest release of the Bitshares reference wallet (v2.0171205). This release includes features such as a new header and navigation menu with prominent icons for each menu item, contact lists and the ability to make bulk payments. On the roadmap they have TradingView integration (researched and planned), redesign of the Deposit/Withdrawal screens and responsive design. Check out the full list of changes and get more details HERE

  • Bitspark has released a roadmap for the future of the Zephyr project and what it means for Bitshares. The extensive vision described in the documents covers liquidity, market making/trading bots as well as timelines and mission statements. Recommended reading which can be found HERE

  • @ash has released this month’s Social media Statistic's which is showing large amount of interest in the last 6 months when compared to the time last year. More information HERE

  • @ravid has been working on a Wikipedia page for Bitshares and this week has announced that it is live and ready for viewing HERE. You can find his announcement about this page HERE

  • @bondonblockchain has announced their presale for the Bond Crypto-Property Asset Fund. They propose a Bond Unit as a digital representation of an equity share of Bond’s asset portfolio, implemented as a user issued asset (UIA) on the Bitshares blockchain. The presale allows for 5,000,000 Units to be sold to investors. You can see the announcement HERE or visit their website at

  • @taconator has released the 'Fees Collected on the BitShares blockchain through October 2017' report. This month has seen 2.31 million BTS were collected for 7.89 million operations. You can view the full Report HERE

  • Prolific author and Bitshares advocate Michael Taggart has written a number of articles this week focusing Bitshares for remittance markets, Market manipulation and alternatives to the controversial USDT: BitShares Taking Remittance Industry By Storm, Tether’s USDT Drama Continues, Are Cryptocurrency Exchanges Trying to Sabotage BitShares?. To keep up to date with some really great articles follow Michael on Medium and help to bring exposure to these articles by 'clapping' and sharing them with other crypto enthusiasts.

  • CryptoKitties has shown the crypto world what happens when you take a very successful project and place it on a blockchain that is not ready to handle that kind of load. The Ethereum Network has seen a large increase in pending transactions in the last few days due to crypto fanatics trading cats on chain. Perfect time to mention that Bitshares has been proven to process 3300+ Transactions per second. More information on Ethereums CryptoKitties HERE

  • 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

  • Current registered wallets/accounts within the Bitshares network is 483042; an increase of 6767 wallets/accounts since last week

  • This week’s Bitshares hangout recording has been published and is available HERE

  • The last asset registered this week is asset #2510 and it is named 'WIKICOIN' registered by 'bihz' with the description 'This is an experiment token for WIKIPEDIA. It looks like WIKIPEDIA is not making enough to sustain itself. WikiCoin is a token set up to donate to WIKIPEDIA. Minus expenses, 90% of the 1.2% transaction fee will go to WIKIPEDIA. Expenses fees will vary.'.

Smartcoin issuance chart showing weekly change since the start of 2017

# of Accounts holding BTS (only have a few weeks of data so far)

@fav has shared this months r/Bitshares Reddit Statistics - HERE

@fav has shared 1 day of Twitter Statistics - HERE

Bitshares Reference wallet v2.0171205

Transaction & Market cap comparisons source

Great art work from the very talented BTS-Bourgeoisie

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 Supply2,603,756,350 795,217.000.03%
BTS Stealth287,432-0.00%
BTS in Open Orders (DEX - T250)10586240.83 927,440.008.91%
Reserve Pool996,819,295 -795,028.00-0.08%
RP Accumulated fees190,308 -1,906.00-1.00%
Collateral (top 250) backing Smartcoins468196937 18,862,645.004.38%
Top 100 Total1,134,692,191 -25,171,371.00-2.10%
Top 100 - minus Exchanges453,316,903 -47,058,334.00-9.89%
Exchanges681,375,288 21,886,963.003.02%
Non Exchanges1,922,381,062 -21,091,746.00-1.12%

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 Open.BTC


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

AssetSupplyPriceMarket Cap BTSMarket Cap USDSupply Change W/W
BTS2,603,756,3500.1672,603,756,350$434,051,443.13 0.031%
BTS Stealth287,4320.167287,432$47,915.500.000%
Reserve Pool996,819,2950.167996,819,295$166,171,790.05 -0.080%
Accumulated fees190,3080.167190,308$31,724.73 -0.992%
BitUSD9,310,0526.0256,046,513$9,310,052.00 38.229%
BitCNY93,584,1820.9185,161,606$14,196,611.68 16.910%
BitEUR88,0427.14628,620$104,792.20 16.555%
BitBTC50.970,4403,585,396$597,692.76 2.004%
Ruble3,950,3400.1028406,095$67,696.85 22.322%
HERO1,5799601,515,840$252,693.59 3.745%

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)
xeroc31217231.1 -2.8
bitcrab6675230.5 9.9
still1021093.2 -2.6
openledger2257884.4 28.8
baozi236950.5 6.5
fav2213341.9 2.3
blckchnd2278124.5 -0.2
laomao35422 -2.6
abit4146414.8 -6.3
bitshares-munich-wallet192214.5 -2.1

Active Witnesses

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

RankWitnessVotesMissedMissed W/W
1in.abit 1.6.35 925.27081
2 openledger-dc 1.6.76 879.16032
3 witness.yao 1.6.71 838.83555
4witness.still 1.6.69 828.29113
5bhuz 1.6.17 826.715733
6xn-delegate 1.6.59 811.62818
7roelandp 1.6.74 780.827
8blckchnd 1.6.75 778.49086
9sahkan-bitshares 1.6.73 759.1893
10 delegate-1.lafona 1.6.28 735.143771567
11crazybit 1.6.84 673.84531
12 rnglab 1.6.45 669.920642
13 abc123 1.6.65 647.21274
14 delegate.baozi 1.6.37 626.81470
15 xeldal 1.6.22 611.32253
16 wackou 1.6.18 567.118441
17 xman 1.6.64 523.31641
18verbaltech2 1.6.34 489.238212
19delegate.freedom 1.6.63 478.34861
20 mr.agsexplorer 1.6.24 473.85725
21 cyrano 1.6.21 428.13539
22 delegate.ihashfury 1.6.26 426.4869
23 roadscape 1.6.13 4181465
24 delegate-clayop 1.6.27 417.14842
25 elmato 1.6.20 406.44269

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 %
2poloniexwallet167,468,9910-18,724,137.00 -10.06%
3bitcc-bts-cold79,042,3480-2,000,001.00 -2.47%
4bittrex-deposit51,323,4000-3,493,163.00 -6.37%
5zbbts48,309,2210-1,463,516.00 -2.94%
6binance-cold-145,008,888044,008,888.00 4400.89%
7yun-bts21,905,9280-2,609,303.00 -10.64%
8btschbtc18,000,9860-10,000,002.00 -35.71%
9a2dcdf323a8a576408f62604b17a8a5217,561,69202,740,257.00 18.49%
10jubi-bts14,591,0640-31,510.00 -0.22%
12stan12,510,8200-2,690,203.00 -17.70%
14binance-bitshares-gvbdb84k6h12,107,23208,641,833.00 249.37%
18coinegg-main9,218,2270-434,723.00 -4.50%
26exxbts7,142,03806,142,038.00 614.20%
30bitcoinindonesia6,362,08201,347,252.00 26.87%
41onceuponatime5,192,430802002,121,804.00 69.10%
44stat-dude5,167,773452826422,709.00 8.91%
45ld6364335,092,41102,320,428.00 83.71%
48zbsend5,002,73701,238,134.00 32.89%
49bts-subscribe4,985,6720-2,681,919.00 -34.98%
55gamma-rabbit4,000,08104,000,070.80 39216380.39%
61bts-scotter3,847,9321000112-3,037,275.00 -44.11%
62livecoin-net3,781,8770-8,172.00 -0.22%
64bts-morning3,672,8290-88,694.00 -2.36%
68ajc143,329,6841399684-1,253,917.00 -27.36%
69binance-bts-13,274,1470-34,573,030.00 -91.35%
77swipetoken8883,000,00602,000,006.00 200.00%
79mr-wang2,974,97427500001,549,390.00 108.68%
86sk2,700,0090599,999.00 28.57%
87aex-bts-deposit-wallet2,629,4090-833,792.00 -24.08%
90thread2,513,4840-12,584.00 -0.50%
95exx-btssend2,311,98501,311,985.00 131.20%
97poloniex2,239,55405,310.00 0.24%

Thanks for viewing :)

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Fantastic, so many exciting things happening on Bitshares right now! Would it be possible to add two line graphs:

  1. Total MPA market cap in $USD vs. time

  2. Percentage of BTS circulating supply locked up as collateral vs. time

As MPA adoption increases in China (ie. and through remittance demand (ie. Bitspark) it would be very interesting to visualize the market cap of MPAs and the resulting impact on BTS circulating supply.

As always thank you very much for putting this together, easily one of the best posts on Steemit!


Hi John,
Made some charts of the data i have.

As for #1 that is expressed in the first chart "Smartcoin issuance chart showing weekly change since the start of 2017" although not a line chart it provides the total market cap and also a break down of the smartcoins that make up that weeks total.

Chart #1 - Expressed on a line chart

Chart #2 - Total % of BTS used as collateral to back smartcoins


This is absolutely amazing! Thank you! Any chance you can include in future editions of the SotN? Holy crap that trend is exciting for Bitshares - those charts may well become some of the most important ways to visualize the growth of Bitshares!

Oh my god I've been featured on the SotN report!
Thanks, great job as always!


Appreciate your efforts mate; thank you!

Happy Mid Week to all the BTS community and another great report.

Shared again on the Twitter:

@fav has shared this months Twitter Statistics

it's actually one day in bitshares twitter :)


Gotcha cheers man

Bitshares seems to be an interesting project, but at the moment I have difficulties to understand how it works (currencies, markets). I guess it is mainly about UX, but it remains a reason for me to keep using others exchanges.
And I can tell you how much a decentralized exchange is a good idea in my opinion !


You know, I see this a lot and have absolutely no idea how people can use Polo, Bittrex, Bitfinex, Kraken etc. and find the Bitshares UI confusing. It is so simple to use - deposit, enter market order, buy sell, withdraw. I like it better than any CEX interface. Tradeview integration is going live on the DEX in January too.


Of course, but since their is some people like me to find UI confusing, it means that some of them will not even try to understand and only go away.


Here's a link to the BitShares Quick Reference Guide.

It has everything you need.


Ok, thanks a lot too ! I think I have everything I need to join the game now. And if I don't understand something with the documentation all of you guys gave me, it's that I'm a desesperate case ^^


Thank you !


It's not just you; Decentralized exchanges are the #1 voted growth industry as reported by coindesk's State of the Blockchain 2017

There is a lot to Bitshares, I remember when was starting out feeling the same way! Bitshares is not just an asset for transfer, an exchange, a voting platform, prediction markers, asset creation platform. It is a powerful and scaleable platform that allows for a wide range of use cases but its primary focus is on being a DEX and asset creation/management platform.

For example; the UI/UX is being developed by a team of developers are managed by @billbutler - Bill is a shareholder approved contractor via a worker proposal that was voted into acceptance and he is actually being paid by the blockchain (Bitshares has a reserve pool which on shareholder vote can be used to fund projects/development/marketing - whatever you can get shareholder approval of)

All those 'Active Workers' are approved projects that are being funded by the blockchain itself.

I think a good starting point is the video collection from Chronos Crypto


You're awesome, thanks :-) I still have my adress, now I have to deposit on it and to trade :)

when the price will go up in term of bitcoin ?


Sorry man i don't know the answer to that except for:

'when demand exceeds supply'.. which i think is very accurate but seems like a cop out

Altcoin will be the future of transactions. Enjoy...


Time will tell my friend.. as long as we get there in the end

Great post. Packed with useful info. Followed

I always think of bitshares as the workhorse of crypto. It's not glamorous and in the spotlight like Bitcoin, but it is functional, fast, and I think will prove to be a lasting and great investment. Thanks for the updates and info. I always look forward to these.

Awesome article as always! Would be great to include a weekly average price of LTM

🎉 We just hit the 20 cents mark 🎉
Bts finally getting some value as it deserves!

Nice Bitshares growing!

bitcoin always jumping @steempower

Oh my god I've been featured on the SotN report!
Thanks, great job as always!

I added to the issued smartcoins. There is only one way to make this puppy work: use it.

Take my money!

Congratulations @steempower, this post is the second most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 30 and the total pending payments to posts in these categories was $2038.96. To see the full list of highest paid posts across all accounts categories, click here.

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Thank you so much for always bringing the up to news about Bitshares @steempower 😊

Hello, i am A Rahim. please help me & give me any online job. i have Graphic Design experience 5 years

Thank you very much @steempower
the information you provide is very useful for us all ..
good job

Maybe you can add to this report the new BitShares Quick Reference Guide that Aaron Fields and I created a few days ago?

My brother continued So coin steemit Stimulation height Who agrees?

The best day of the week with best news! BTS made a nice profit and continuing! And today I got the great summary of BTS as well! Thank you friend!


This post upvoted by 300 people , good earning . image

@steempower - Someone asked me what is the fastest crypto transaction block chain & my answer was 'BitShares'.... No one still touch that figure of BTS & never will be..... Nice weekly summary report you shared about this wonderful block chain Sir....

+W+ [UpVoted & ReSteemed]


Ahhh very informative post about cryptocurrency...!!
Specially how greatly you describe through all these charts..,,

Fantastic, thus many thrill-seeking things taking place going re for Bitshares right now! Would it be attainable to add two extraction graphs:

Total MPA state cap in $USD vs. time
Percent of BTS circulating supply locked taking place as collateral vs. period
As MPA adoption increases in China (ie. and through remittance request (ie. Bitspark) it would be every tempting to visualize the puff cap of MPAs and the resulting impact on BTS circulating supply.

As altime thank you the complete much for putting this together, easily one of the best posts in story to Steemit!

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

  • Pending payout - Ranked 3 with $ 238,87

thanks for discuss about crypto..well done my dear..✌👌👌

Amazing post man, too much to read!

This is absolutely amazing! Thank you! Any chance you can include in future editions of the SotN? Holy crap that trend is exciting for Bitshares - those charts may well become some of the most important ways to visualize the growth of Bitshares

You have done a great job , hope seeing more of you

extensive report it a great project you guys and this shows transparency.

very very important information for every people. thanks for sharing

Is it possible to get a larger version of the picture of BTS-Bourgeoisie? Would like to use it as my new wall paper :)

💯 THANK YOU for contributing this report for your hangouts every week. You are appreciated by us all.

fantastic summary!


Upvote ya...ok

Wah saya harus lebih banyak belajar lagi, terus terang saya masih awam

@steempower This is fantastic!! Thank you so much for putting this together. Quick question, have you heard of the new 7 wonders of the world? I just post my visit to one of them.hehe Best wishe. - @splendorhub