How do you measure all the public channels that keep breaking new heights?

Before planting a product, a blockchain operation should be evaluated on a number of factors, including:Community, Use Case, Support Team, Lifetimetos.

With so many blockchain networks popping up all the time, new and seasoned crypto enthusiasts alike can get frustrated when deciding which is the best investment.

In this article, we will discuss the most important aspects of blockchain strategy and why you should pay close attention to it when measuring multiple chains in the crypto industry.

how to use

Arguably the most important thing in any blockchain project is to use a case.

Why the project? Is your plan to improve payment, improve product marketing, or entertain customers?

There is no illegal data usage, but some apps may be better than others.

For example, a project that wants to help millions of people get food might get more support than meme coins.

If someone sees a project that is important and that value is reported to the public, then that is the strength of the project.

When identifying reference data,It is better to check the project on free paper..

For example, you can check out the Polygon white paper which shows usability related to the platform.

community

A project is nothing without a community.

After all, blockchain technology is an open and implemented solution.

When measuring blockchains, it is often best to research the community and see how powerful they are.

Powerful campaigns are usually as decentralized as possible, giving users around the world the ability to hold tokens and control the floor.

These users typically address the public on platforms such as Reddit, Twitter, and Discord.

In general, it's best to join your project's Discord server to gauge the size and involvement of your community.

Transaction speed and scalability

A blockchain operation may have the best feel, but if the equipment is unreliable or the operating procedures are incorrect, it may be a bad idea.

What good is a platform if it can't deliver the hundreds of thousands of users it wants to gain?

When measuring a blockchain, it is recommended to check the exchange speed of the network and the purpose of the blockchain.What size.

Can you apply the update? Does your network still use procedure 2? Is this solution realistic in the long term?

The Ethereum website provides a comprehensive overview of current and future deployment processes.

You can mix these products with local products. Because the community is passionate about having a public forum about their professional interest in using current events and updates and how they work now.

Approval and management

the second mostBlockchain Approved MethodProof of employment and proof of participation.

The Proof of Work (PoW) network requires miners to use their calculators as users to solve complex equations and ensure smooth transitions.

The engine needed was not good for the environment, but the miners paid me for each block.

On the other hand, Proof of Stake (PoS) gives users the right to hold, stake or close digital assets.

In general, the more assets a user has, the more rights they have on the network.

With staking, users often become available users and then apply the changes, eliminating the need for miners.

This process is more environmentally friendly than digging and rewards customer satisfaction.

Both PoS and PoW have their pros and cons, but many believe that PoS is the future of blockchain and PoW networks are slowly disappearing.

Finally,PoS is a huge option., Ethereum, the second largest cryptocurrency by market capitalization, will be upgraded to PoS next month.

Consensus has a direct impact on network management and is a determining factor when measuring multiple blockchain networks.

team

team after the projectAs important as the description of a blockchain.

The project should be very open to anyone who develops the project and develops the story and skills of the team.

Overlooking the content of the development team can be an important warning sign when measuring a blockchain. Indeed, no data can mislead users.

Although this isn't always the case, it's a good idea to stick to tasks with room for improvement.

The Polkadot Project provides a website with some key members including real names and backgrounds.

This means you can enhance it by including relationships in your group profile, allowing users to do their own research by seeing the project and the group behind it. .

map path

The blockchain should contain useful information as well as opportunities for future improvements and additional product features.

The completion of a project usually means that the team thinks about the project in the long term and that the project can have a global impact.

It also provides detailed information about what the user is accessing and about the network.know if it corresponds to personal values.

Cardano provides detailed information on every step of the process so that every user can understand what they think about the future of the network.

Market Cap/Total Fixed Positions (TVL)

When it comes to Decentralized Finance (DeFi) projects, important things to consider are their total cost overruns (TVL) and market capitalization.

TVLThe total amount of all locked accounts in the DeFi platform smart contract.

The higher the TVL, the healthier the ecosystem of the platform than the consumer.

Instead, the market capitalization of a project is considered the value of assets that already exist in the ecosystem and can be used as an indicator of the development potential of the project.

This figure includes not only the users of the platform tokens, but also the people holding the assets.

While market capitalization can be seen as an indicator of a project's popularity, TVL can indicate how much revenue has been displaced by various regulations.

Both stats are important, but it's important to understand what each stat means as it relates to the tournament.

DeFi Pulse introduces TVLs on a variety of DeFi functions, while CoinMarketCap lists retailers from almost every channel in the store.

life

Finally, find out how long the project has been in the store.

What would a project accomplish if it was available for many years? Is it just in the way and stable? Or have you struggled with regular delays and an inability to deliver?

The reliability of a product is a good indicator of its longevity.

Or, if your project is new to the market, it would be a good idea to wait a few months to see how things go.

If the development is going well and the team has achieved significant and promising results, this could indicate a longer-term investment.