In the present post, I will discuss how the hashtag performance grading system works.
First of all, independent nodes called performance oracles collect raw performance data of each registered #hashtag from the web and then rank and grade #hashtags accordingly. Wondering how the performance data is collected? To cut a long story short, Google first indexes the unique individual pages for each #hashtag concerning a social media platform.
Subsequently, the number of these indexed pages and the increment in the number of pages indexed on a daily basis are calculated by the oracle to collect the raw data. In essence, the oracle stores this performance data and computes the rank of each #hashtag on a regular schedule.
As far as the grading system is concerned, it positions each #hashtag in a grading bucket. Let me disclose to you in simple words. The grading system divides the total number of #hashtags into 21 individual buckets called grades, along with a pre-defined amount of Tagcoins assigned to each bucket or grade. Accordingly, all #hashtags get graded ranging from 1 to 21.
Now you may be wondering the real purpose of placing #hashtags in the grading system. Isn't it? Okay, I will mention two significant reasons or benefits gained from the grading system.
- Reducing the cost of oracles to broadcast information to the Tagcoin mining contract.
- Dropping the number of transactions fired by oracles to the staking contract.