Bitshares - State of the Network - 1st May 2018

Welcome to the 81st 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 - 1st May 2018

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 week I would like to start by recognizing the hardworking teams who are translating these reports into other languages.
@blockchained has been translating these reports into Russian each week for over 1 year now starting at report #21 back in February 2017!
@fractalnode has been translating into Polish for the last 7 months!
@bangzi the newest addition to the team who has started last week translating these reports into Chinese.

Thank you all for your great efforts in getting these reports into the hands of many people around the world.

Observation from this week

This section will highlight any observations made while analysing the data.

• This weekend, 5th-6th May 2018 the Global Graphene Blockchain Developers Conference will kick off in the Shanghai Himalayas Daguan Theatre in Shanghai, China. This milestone event will host over 35 speakers from a wide range of projects with Graphene as the common focus from all attendees. No doubt this will be a great networking event and if the China Dev con (Jan 2018) is anything to go by a huge success. Tickets to this event are VERY reasonably priced so if you are able to attend I think you will get great value from this event. Find more information HERE

• This week Bitshares recorded a new 24h transaction record as reported by Blocktivity.info. Bitshares hit a record of 1,513,308 Transaction over a 24 hour period which works out to an average of 17.5 TPS. Bitshares currently holds the 2nd position for the largest amount of transactions in a 24 hour period, behind Steem which is holding the pole position with 2,068,341 TXs in 24 hours. With the rapid increase in trading platforms, wallets, trading/liquidity bots and this week a brand new game utilizing the Bitshares blockchain, Bitshares has the first place position in its sights. Either way it is great to see these Graphene based chain illustrating the power of DPOS.

• The Bitshares based farming game Bits.Farm has launched this week and free SEED tokens have been distributed users who registered and activated their account as part of the free 'ICO' (no money exchange only registration of interest to receive a free allocation of SEED tokens.). BitFarm allows users to earn crypto currencies by playing a fun and addictive farming based simulation game! You can see the official website and download the game for Android or IOS HERE

• Cybex are developing a Graphene compatible hardware wallet named 'Nebula'. The Nebula wallet is said to be the first hardware cold wallet backing EOS, CYB and BTS simultaneously, using the same signature algorithm and JSON transaction pattern as BTS. You can find more information HERE

• The Bitspark team have released a detailed roadmap for 2018 with a primary focus on the Zephyr project. The roadmap has outlined that Bitspark intends to run the Bitspark Decentralised Exchange (DEX) gateway by end of Q2 2018 and contribute to the development of open source liquidity/trading bots in 2018 amongst many other milestones. You can see full details HERE

• @abit has announced the release of Bitshares Core 2.0.180425. This update is a bug fix release to address a track-account bug that do not affect consensus and chain security. The upgrade may be of particular interest to businesses such as exchanges, payment processors, gateways or merchants who are running witness_node with track-account option enabled. You can see full information of the release and upgrade procedure HERE

• 63 Million USD 24 hour trade volume on the DEX for this report - 1st of May 2018. See the 'DEX: Most Active Markets' section for a break down of the top 20 assets on the day.

• 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

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

• Current registered wallets/accounts within the Bitshares network is 897514; an increase of 10689 wallets/accounts since last week

Smartcoin issuance chart showing weekly change since the start of 2017

Number of accounts holding BTS (off exchanges)

2018 Global Graphene Blockchain Developers Conference - This Weekend, 5th-6th May 2018 - source

Nebula Wallet is the first hardware cold wallet backing EOS, CYB and BTS simultaneously - source

Bits.Farm the Bitshares based farming game has launched - Download the app HERE

Bitshares setting a new record for transactions per day - source

EasyDEX Wallet registration and recovery demo - source

Beyond Bitcoin - Bitshares Talk - April 28, 2018 - source

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.

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.

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 Bridge.BTC

Smartcoins

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

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.

Vote Proxies

This section will track the change in proxy voting

Committee Members

This section will track shareholder approval of committee members

Active Witnesses

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

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

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! :)

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