DeFi

Chainbeat Stands Out Among Blockchain Analytics Tools

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Blockchains are devised to collect and record a consistent stream of data. To gain insights into how users are interacting with the Blockchain is very crucial for optimum utilization. In the absence of the best analytics applications, data swiftly becomes complicated to examine. Analytics structures permit us to effortlessly obtain relevant insights about transactions, token metrics, Smart Contract synergy, user penetrations, and many more. 

Blockchain Analytics tools are similar to Google Analytics that track and measure all customer pursuits across the web, desktop, and mobile apps. It is an essential mechanism for businesses to understand customer behavior better and assist them in adapting to serve their customer needs. The Blockchain technology progression has brought countless Blockchain Analytic engines in its wake, facilitating this vital necessity. It comes with a plethora of features, utilities, and the type of Blockchain. 

Enters Chainbeat

Formerly known as Analyther or Analytics for Ethereum, it has emerged into Chainbeat. According to Ashok Pitchamani, Co-founder and CEO of Chainbeat, the goal is to provide Blockchain data insights that can help understand usage and behavioral metrics for dApps and protocols building web 3.0.

The ChainBeat interface is astoundingly straightforward to utilize. You sign up, plugin a smart contract address, and the result is the most authentic, current metrics on activities that indicate the current usage statistics of the smart contract.

The dashboard enables one to scan into and examine many different metrics, which consist of Transactions, Customer Alert, Gas, Active Users, Events, Wallet, and Token Metrics. It drills down into each metrics to get gritty info, set up signals, and export data in a CSV form. For instance, if you input the Ethereum contract address on the dashboard, it can reveal various information. These include token usage in the past, the number of transactions, new users, total hodlers, and much more information.

There are two packages on the chain when it comes to signing up. It is either you go for what they called freemium starter plan or upgrade to a paid plan with more feature sets. At the moment, the Chainbeat system supports Ethereum, POA, RSK, and xDai. In the pipeline is support for Celo, EOS, AVA, and Tron.

Various Features

Analysts, Developers, and Investors can put Chainbeat to use in various scopes. The Presentation Layer has B1 Tool, Browser, and Slack Alert.  With this feature, the application provides data snapshots that can be used in any BI Tool. Then the Slack and Browser is for custom alert, and access to application respectively.

When it comes to the Business Layer, the components are API, DB and Rugby Applications. The DB stores user and application-specific data. Meanwhile, the role of the API and Ruby is to accessing reports. Moreover, the Service Layer comes with Report Generator, NO SQL DB and Data Processor. The function of the Data Processor is to index and retrieve relevant data. Then, the NO SQL DB serves as the data store, whiles the Report Generator processes data and generates related reports. 

On the other hand, the Data Layer bolsters Ethereum, RSK and Tron Nodes. It is made up of private nodes or public infrastructure services like Infura.  Finally, the structure has a Data Layer which also facilitates Ethereum, RSK and Tron. It mainly comprises of public Blockchain layer.

How To Create A Dashboard

You can create a Dashboard for free with the beginner plan on Chainbeat. After signing up, you add you need to add a Smart Contract address and Click Submit.

When the contract is deployed to multiple chains, you can select the network you would like to receive insights from and click ConfirmThe dashboard will start generating real-time data with visualization for you to explore.  It takes a few minutes to explore your Smart Contract data metrics on Chainbeat. It is the best you can have in the ecosystem.

Create A Public Report

It is as easy as ABC to create a public report on this portal and share. All you have to do is to go to Report Studio.  Over there, you can formulate several widgets to illustrate with varying kinds of data. The Chainbeat Report Studio has a lucid tutorial which takes a few clicks to run. 

Take a bold step and try it for yourself. It is undoubtedly the best Smart Contract analytics tool in the Blockchain Market.