SEC S17-W3 || Steem blockchain on-chain metrics .

"Hello everyone how are you doing, I am here to share my knowledge SEC S17-W3 || Steem blockchain on-chain metrics".

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What are the main Onchain Metrics indicators used to evaluate user activity on the Steem blockchain, and how can they be explained in terms of their significance?

I am describing all the indicators one by one so let's just talk about active user.

Active user

It means that the metrics is providing us information about the number of the very active user in a specific time period means that the users who are very active along with that the number of transactions are frequently indicators the users who are very active in steem blockchain.

It means that the greater number of active user it means that they are getting more reward and they are getting transactions are more frequent giving information about the account growth and about more transactions and this is really important for our account and for an overall healthy ecosystem.

Reward distribution

It means that the total amount of the curation the user is getting and this is also giving us a very strong information about the dynamic of that account.and this is also providing information about the user engagement.

New account

Onchain metrics provide information about the number of new accounts being made on the steem blockchain this provides great data for platform integrity and ecosystem as well.

Comments

When I was working I never knew about the comment but now I came to know how important is about the comment on the other user this is providing information about how the people are engaging with each other how people are interested in each other's work and this also plays an important role in active users and getting curation and reward.

Account reputation of the user

It is showing your consistent your hard work on the platform it means that how much work you have done on this platform and this also giving information about the reward and your hard work as well.

Steem power

This is your account balance it means that how much money you have in your account the more SP you have the stronger the place you have in the platform. This is also very important for the steem ecosystem.

How can Onchain Metrics data from the Steem blockchain be analyzed to understand user engagement trends and community evolution over time?

User engagement and community evolution overtime now how to understand this things if a person is very active on platform it means that getting more reward it means that number of transactions are indicating and increasing over the time this is showing us the user engagement.

Another positive aspect which we can see is the power up we know power up is really important for the blockchain ecosystem this is not only important for the platform but also the user itself and for the account of the user.

New user over specific time period are also providing us information about the plate from growth integrity and ecosystem of the platform and how much hard work the new users are doing over a specific period of time.

Metrics also providing us information about the community growth and users the engagement with each other and most importantly that data analysis means what kind of user are using bots to get reward and who are doing spamming.

And along with dad also providing is information about the future predictions as well this is the most important because we want to know what kind of the time period is really Golden or good for us so this is also giving us an analysis about the prediction of the future.

What are the specific challenges of interpreting Onchain Metrics on the Steem blockchain, considering its unique social structure and incentives?

I will interpret some of the specific challenges of Unique structural and incentives as follow s.

Whales influence

I will elaborate if this is basically if I want to define the users who have a good reputation and who have a good amount of steem power so they get more value to get rewarded because they have a good amount of power.

Bot influence

Bot is mainly affecting the transaction volume and how much the user is engaging with the other user and this is very important staying on the platform and to get reward this is the main thing that would engage with other users.

Manipulation of the content and user

These are very important aspects specially through use of bid bots for getting rewards and in this way they are getting rewards. So in this way the content manipulation also manipulated the reward fairness.

Data correction

Onchain metrics help us to see transparency because we all know there is nothing which is truly transparent. So onchain metrics help to see data transparency and any mistakes.

How can Onchain Metrics of the Steem blockchain be used to assess the health of its ecosystem, including aspects such as the distribution of voting powers, content diversity, and reward fairness?

Now I will elaborate how on chain matrics is used to see the health of its ecosystem for example working power content diversity and reward fairness.

Distribution of voting power

Dava voting power if it is more it is referred to the user because of the staked steem power and why the voting power is important because it is for the good environmental ecosystem of the community and the platform as well so this is giving us important value for the user to grow.

As I mentioned voting power is important for the account health of the user so how we know the voting power this is basically determined by the users steem power. The more balanced and decentralized distribution of voting power means that we are having a very good ecosystem which is healthy and growing.

Content diversity

On chain metrics helping us to see the wide variety of content and topics if I will give the example so there are so wide variety for example there are so many engagement challenges for diary games for different healthy topics and for cooking for makeup for skin care so there are a variety of topics.

So this is the important thing because it is allow us that everybody can post any quality content according to their caliber and according to their abilities no matter what kind of work they are doing but we are allowed to post a variety of content.

Reward fairness

Onchain metrics helps to see the equality the justice the balance of the reward fairness which means that there is equality in the reward no matter with which country you are belong no matter what kind of post you are posting.

The thing is this help to see whether what kind of people are getting the reward and is there any injustice not and sometime it is also important the account has your activity engagement and also your steem power to see the reward fairness so I think this is the most important thing which we can get help of this reward fairness

How can Steem blockchain developers utilize Onchain Metrics to enhance platform usability, drive adoption, and address scalability issues while upholding community integrity?

Why it is important to adapt the on chain metric to see users all aspects engagement curation time power of steem and user activity and most importantly growth and development of the user account.

I think most expensively the engagement of the user and the best use is by doing these analytics and to check the engagement levels.

Drive adoption

Onchain metrics also gives information about adopting drive it means that it attracts new users and most importantly regains the already existing one. On chain metrics also helps for marketing as many new commers are coming.

Scalability

As from the previous post we understand the meaning of the scalability for increasing transaction, scalability issues while the use of the onchain metrics is telling us solutions like sharding cutting into smaller units and running that machines in its own.

So it is giving idea about the increased users its growth and transaction volumes. From onchain metrics for the transaction volume any problems will come up to see scalability issues and we have talked about in detail all the issues.

It is also helping the new users and the old one for voting and posting of the content what kind of content and what is the quality of content and as well account reputation also matters. The most importantly metrics also analysing to see spamming and account growth.

Its all about my today's post.

I would like to invite my friends @m-fdo, @jannat12 and @suboohi to take part in the challenge.