Introduction
The blockchain is a strange and magical thing. It’s a decentralized system where participants maintain their own copy of the ledger, creating trust between peers without requiring any third-party verification. And the best part: it’s completely transparent! Anyone can see what transactions are taking place on your network at any given time. But this also means that there are some things you need to look out for in order to keep your blockchain healthy and fast—things that might change over time as well as under certain conditions or workloads. Here are three metrics you should monitor regularly so you’re always ready when things go awry:
Maintain consistent throughput over time.
The first metric is throughput, which is the number of transactions per second (TPS). Throughput is a measure of how quickly a blockchain can process new transactions. It’s important to keep this number consistent over time because it affects how quickly you can send and receive funds on the network.
The second metric is network size, which refers to how many nodes are participating in your network at any given moment. A large number of nodes means there will be more people using your cryptocurrency as well as more competition when selling goods or services using that currency; this increases liquidity throughout all marketplaces using this particular coin or token system!
Maintain consistent transaction latency.
- Transaction latency. This is the time it takes for a transaction to complete and is measured in milliseconds (ms). The lower this number, the better–and the higher it gets, the more transactions you’ll have to process in order for your site or app to feel responsive.
- Viewing speed index (VSi). This metric measures how quickly users can scroll through content on your page without exceeding 60fps (frames per second), which has been shown as an optimal viewing experience by Google and others. You can find out what yours is here: https://developers.googleblog/2018/03/measuring-user-experience-with-vsi_17_.html
Maintain consistent storage cost per transaction.
You’ve probably heard of storage cost per transaction. It’s a metric that reflects how much you’re spending on your database, and it’s important because it can help you understand if you’re overpaying for storage.
To calculate the storage cost per transaction, divide your total database costs by the number of transactions being processed by that database during a given time period (e.g., one month). For example: If it costs $1 million to store all those customer orders in your system and you process 50 million orders during one month, then each order costs about 20 cents in terms of its impact on database resources–or 0.5 cents per order if we round up!
If this number starts rising steadily over time as more customers use your service or increase their usage levels–and especially if this happens when sales volume isn’t growing at all–you may need to look into ways of reducing those costs through better indexing strategies or other techniques aimed at improving performance without sacrificing capacity requirements.”
When you see these metrics creeping up, it’s time to take action to keep your blockchain in good shape.
You can measure your blockchain’s health by looking at three key metrics:
- Network latency
- Throughput (the number of transactions per second)
- Availability (the percentage of time that the network is operational)
When you see these metrics creeping up, it’s time to take action to keep your blockchain in good shape.
Conclusion
As blockchain technology continues to grow, it’s important that we keep our systems running smoothly. These three metrics are critical for keeping your blockchain healthy and efficient–and when they start to decline, you need to take action immediately before things get out of hand.
