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RE: Steemit Crypto Academy Contest / S17W3 : Onchain Metrics of Steem blockchain.

in SteemitCryptoAcademy2 months ago

I find your post very engaging and intersting .

Active Users: This estimation tracks the amount of fascinating clients attracting with the Steem blockchain over a specific period. Higher unique client counts mean more unmistakable client responsibility, exhibiting a strong and creating neighborhood.

You are right to say that .Monitoring the number of active users on the Steem blockchain helps understand how many people are actively engaging with the platform. More active users indicate a vibrant community and show that people are interested and involved in what's happening on Steem.

Daily Transactions: This implies the total number of trades dealt with on the Steem blockchain in a day. A bigger number of trades proposes extended network use, meaning a working natural framework with numerous applications and organizations."

That's absolutely true. Tracking daily transactions shows how much activity is happening on the Steem blockchain each day. More transactions mean that the network is being used more, indicating a healthy ecosystem with lots of different activities and interactions taking place.

User Retention: This estimation gauges the degree of clients who return to the stage for a really long time. High client guidelines for constancy exhibit client satisfaction and a strong, associated with neighborhood."

Exactly ! User retention measures how many users keep coming back to Steem over time. High retention rates mean that users are satisfied and engaged with the platform, showing that Steem has a strong and loyal community.

Keep it up. Good luck

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Thankyou soo much brother for your valuable comment. Best of luck too you too. 🤗

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