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RE: SEC S17-W3 || Onchain Metrics of Steem blockchain

in SteemitCryptoAcademy6 months ago

A rising number of new accounts indicate that more people are interest and we see more adoption of the platform.

Your are right . When there are more new accounts being created, it shows that more people are becoming interested in using the platform. But there is one issue of multiple fake accounts being created by some missreants which shows inflated matrics.

It challenges the genuine community engagement motto.

The influence of large stakeholders, or "whales," on the platform can make it difficult for genuine community engagement to happen. We can simplify it by taking a real life example of a group of people, if only a few people have all the power in a group, it might not be fair for everyone else who wants to participate. isn't it?

Developers should monitor onchain metrics related to speed of transactions, confirmation times, and throughput, so they can identify bottlenecks and optimize the performance.

Developers need to keep an eye on how fast transactions happen, how long it takes for confirmations, and how much data the network can handle at once. This helps them find and fix any problems that slow down the platform, making it smoother and more reliable for users.

All the best

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Thank you dear friend for your so much brief response to my post. Keep blessing.

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