FLOW Speed (redux)

    What Is Flow?

    Flow is a blockchain platform that originally was designed for gaming purposes, but has expanded since its launch in 2020. The flow blockchain enables fast, low-cost transactions and supports smart contracts. It powers blockchain applications including NBA Top Shot, a non-fungible token (NFT) offering. Flow also has a native cryptocurrency that trades under the symbol FLOW.

    Flow is a blockchain platform that originally was designed for gaming purposes, but has expanded since its launch in 2020. The flow blockchain enables fast, low-cost transactions and supports smart contracts. It powers blockchain applications including NBA Top Shot, a non-fungible token (NFT) offering. Flow also has a native cryptocurrency that trades under the symbol FLOW.

    The flow blockchain was developed by Dapper Labs. Dapper Labs is also the team behind CryptoKitties, a blockchain-based game to buy, sell, create, and trade digital cats.

    What Is Cosmosis?

    The Cosmos (ATOM) network is an ecosystem of blockchains that can scale and interoperate. Cosmos seeks to create an Internet of Blockchains through which blockchains can maintain sovereignty, interact with other blockchains in the ecosystem, and process transactions quickly–making it optimal for multiple use cases. The network functions using BFT consensus algorithms along with Tendermint consensus, which is used to power each blockchain in the Cosmos. Tendermint BFT is a proof-of-stake consensus protocol that powers the Cosmos Hub and the Cosmos SDK (software development kit). BFT (Byzantine fault tolerance) is a consensus algorithm of a distributed network that reaches consensus even when some of the network’s nodes respond with incorrect information or fail to respond. 

    What Is Near?

    NEAR Protocol is a smart contract capable, public Proof-of-Stake (PoS) blockchain that was conceptualized as a community-run cloud computing platform. Built by the NEAR Collective, NEAR was designed to host decentralized applications (dApps), and strives to compete with Ethereum and other leading smart contract-enabled blockchains like EOS and Polkadot. NEAR’s native token is also called NEAR, and is used to pay for transaction fees and storage. NEAR tokens can also be staked by token holders who participate in achieving network consensus as transaction validators.

    NEAR Protocol is focused on creating a developer and user friendly platform. To accommodate this mission, NEAR has incorporated features like human-readable account names as opposed to only cryptographic wallet addresses, and the ability for new users to interact with dApps and smart contracts without requiring a wallet at all.

    Projects building on NEAR include Mintbase, a non-fungible token (NFT) minting platform, and Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and more.

    Methodology

    So in this dashboard we are going to see how did Flow change over time at 2022, Well for this meaning i have divided the time zone into 3 zones which includes the first beginning 4 month and 4 middle moths and the last 4 months of the year which we will be talking about them on the way down.

    And in the end there is an overall stat of the flow which shows us the effects of the Flow’s events on the chain.

    Overall we will talk about the increasing pattern of the Flow chain over 2022 to how did it change which it really change and you will have more information about it on this dashboard.

    Flow has been compared to 2 other blockchains including Near and Cosmosis but because of chart manage problems i couldn’t add them all to one chart besides the time period dividing style so there will be different parts for each chain and overall stat will be dedicated to the Flow.

    Let’s see what’s inside.

    Section In Part … !

    These are the parts of the dashboard :

    • Part 1 - Flow
    • Part 2 - Cosmosis
    • Part 3 - Solana
    • Part 4 - Overall Stat
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    Flow

    Cosmosis

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    Solana

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    Overall Stat

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    As you see from the single numbers the beginning time zone had a total count of 39.2 Million transactions which this amount has gone to 90.6 Million for the middle of 2022 and for the end the number goes to 84.4 Million which there is still 18 days left to the end of the time zone.

    The dedicated over time charts for the numbers shows the same things but with more details which it shows some peaks on the pattern and the main uprising pattern for the day goes to July 29th with 2.1 Million count of transactions.

    Overall the monthly stat shows the same thing but for the third time zone the December bar is so lower considering the other months of the time zone and the reason is that the time that i’m writing this dashboard is 12/12 and the December ain’t finished.

    By now the user count for the third time zone is at the highest considering that there are still 18 days left.

    When we want to compare the users to the transactions we see that despite of some days which the users count goes to the highest but the number of transactions don’t change too much like as May 6th.

    The change of volume (which is dedicated just to this part and Flow) shows that flow has passed the bloodbath of crypto market on 2022 so well although the market has gone so low but we can still say that it is on the top and considering the downfall of market it is still stable.

    As you see from the single numbers the beginning time zone had a total count of 7 Million transactions which this amount has gone to 7 Million again for the middle of 2022 and for the end the number goes to 5 Million which there is still 18 days left to the end of the time zone.

    The dedicated over time charts for the numbers shows the same things but with more details which it shows some peaks on the pattern and the main uprising pattern for the day goes to September 2nd with 241k count of transactions.

    Overall the monthly stat shows the same thing but for the third time zone the December bar is so lower considering the other months of the time zone and the reason is that the time that i’m writing this dashboard is 12/12 and the December ain’t finished.

    By now the user count for the third time zone is at the highest considering that there are still 18 days left.

    When we want to compare the users to the transactions we see that despite of some days which the users count goes to the highest but the number of transactions don’t change too much like as October 3rd.

    As you see from the single numbers the beginning time zone had a total count of 63 Million transactions which this amount has gone to 49 Million again for the middle of 2022 and for the end the number goes to 45 Million which there is still 18 days left to the end of the time zone.

    The dedicated over time charts for the numbers shows the same things but with more details which it shows some peaks on the pattern and the main uprising pattern for the day goes to January 16th with 1.65 Million count of transactions which is in the first time zone.

    Overall the monthly stat shows the same thing but for the third time zone the December bar is so lower considering the other months of the time zone and the reason is that the time that i’m writing this dashboard is 12/12 and the December ain’t finished.

    By now the user count for the third time zone is at the highest considering that there are still 18 days left.

    When we want to compare the users to the transactions we see that despite of some days which the users count goes to the highest but the number of transactions don’t change too much like as March 20th.

    According to the charts The top Events which effected Flow were TokensWithdrawn and TokensDeposited with share of 23.7% for each and the next stage goes to FeesDeducted with 20.4%.

    The effects of events had been more effectively over time and as you can see from the over time chart by the start of the year the transaction weren’t so high but in the middle of the year the transactions went higher for the three top events which i had just talked about.

    But the main idea of the dashboard is how did Flow change its speed over time which this part is a proof of it.

    As you can see Cosmosis has done well and in the second we have Flow which by each day passes Flow gets faster and better in the transaction count compared to start of the year, In my opinion this pattern will be more uprising by the next year.

    The success to failure ratio shows a stable chart and data for Cosmosis which is amazing and for Flow and Near we had some downfall of the pattern and the numbers on some days which the worst for Flow was on May 29th and for Near was on August 30th which the percentages were 17% and 12%.

    Conclusion

    So if you read the dashboard you know that Flow has done much better than the other chains and these are the main topics :

    • Considering the the first time zone of Flow, Flow has increased its transaction speed so much on the second and the third time zone which it wasn’t so obvious on the other 2 chains.
    • The success to the failure ratio shows stable pattern for Cosmosis which it wasn’t the same for Flow and Near but overall we can’t say that they failed on their job, No it is not something like that actually they did a good job but there was some problems on some days.
    • The top events which effected the Flow transaction speed has been determined on the charts above which they were (TokensWithdrawn, TokensDeposited and FeeDeducted)

    I hope you had a great time …!

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