Network metrics are quantifiable measurements that describe the performance, activity, and state of a distributed system or blockchain. These metrics can include transaction throughput, block confirmation times, node count, latency, and hash rate. They provide essential insights into the health, efficiency, and security of the network.
Context
Reports on network metrics are a staple in cryptocurrency news, offering objective indicators of a blockchain’s operational status. Discussions often focus on rising transaction fees, network congestion, or improvements in block propagation times as reflected by these metrics. Analyzing network metrics is vital for evaluating a blockchain’s scalability, decentralization, and overall robustness.
Despite Bitcoin's elevated price, network activity has significantly decreased, indicating a shift to off-chain transactions and dominance by large players.
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