RE: SEC-S17/W3 | Onchain Metrics of Steem blockchain
It was a very insightful and knowledgeable post . Here's my reflection on it.
It's like keeping tabs on who's passing money or goods around at a party.
This analogy effectively explains the concept of tracking transfers on the Steem blockchain in a relatable way. I think it simplifies a potentially complex idea into something easily understandable.
Analyzing upvotes and downvotes can also help us determine which content is well-received by the community and which is not.
Understanding the sentiment of the community through upvotes and downvotes is crucial for content creators and platform curators. If I try to relate it to day-to-day situations, it is similar to reading the room to gauge reactions and adjust accordingly.
Developers can also find ways to draw additional users to the platform by using on-chain metrics.
Using on-chain metrics to inform user acquisition strategies is a proactive approach to growth. It implies that we are using data-driven insights (feedbacks )to attract more guests to a party based on what they enjoy.