Datamine Network Craft — Roadmap For Next-Generation of Web3 Analytics — Solving the last step of decentralized finance analytics

Datamine Network
3 min readSep 23, 2023

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Problem Statement

It is not possible to achieve true 100% decentralization vision of DeFi for advanced Web3 analytics with the current server-oriented architecture. Cloud Hosting for Web3 applications are prone to attacks which can lead to loss of funds and Web3 exploits.

Solution: True Immutability with Datamine Network Craft Nodes

“Craft Nodes” for short is an upcoming Open Source project from Datamine Network. In this next iteration of Datamine Network project we solve the problem that plagues all Web3 applications.

Here is the vision on how we plan to make this happen:

  1. Open Source since day 1
    The entire source code will be available on our GitHub: https://github.com/Datamine-Crypto
    We’ll be starting with the basic “hello world” application and advancing to proof of concept
  2. Powered by Web3 — the heart of decentralization
    All data is sourced from your own Web3 connection. You can even plug in your own RPC connection details to customize how you connect.
  3. Works with any RPC-compatible EVM (Ethereum, Arbitrum One, Optimism and even Coinbase Base) at the same time
    You’ll be able to stream data from across multiple Layer 2 bridges into one powerful data analytics aggregation platform.
  4. Also runs inside Metamask Wallet
    We’re building our analytics to run inside as a the newly released “Metamask Snap” https://metamask.io/snaps application. This means you can easily add our app right into Metamask!
  5. Drag and drop Web3 analytics — so easy anyone can do it!
    We’ll be working on a set if WYSIWYG tools to streamline Web3 analytics. You can take advantage of advanced analytics with full JavaScript support for advanced extensions and usage.
  6. Community Outreach — Works with any Ethereum Smart Contract
    Want to create some cool analytics for your community project? Want to figure out how many times your NFT is minted on daily basis? Want to get alerted when someone make a $100 transfer? All of that is possible with Craft Nodes!
  7. No 3rd party internet access (everything is hosted on GitHub and can run on any hosting environment including IPFS)
    To focus on decentralization we must offer full anonymity — run your own craft node without any internet access. By aggregating all data from Web3 and utilizing local computer storage we’re able to completely cut off our entire ecosystem analytics from the internet.
  8. Share your analytics creations with your friends and community members
    Export your analytics data to clipboard or import with a basic copy/paste you’re able to resume your work from anywhere!

We’ve already demonstrated the most advanced analytics of any DeFi project with Datamine Network. For our next hat trick we’ll elevate this to the next level by utilizing your own resources! We can do so much more without limitations of traditional centralized servers!

So there you have it folks, any Ethereum smart contract, fully decentralized, your own magic analytics playground… On your phone.

Sounds good, when can I play around with this?

We’re about to launch a new Datamine Network Ecosystem Analytics update to introduce some new analytics for our ecosystem. After that you can follow us on GitHub: https://github.com/Datamine-Crypto

We’ll be open sourcing all our code one day 1 so you can follow our development updates and join our community on our Discord: https://discord.com/invite/2dQ7XAB22u

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Datamine Network
Datamine Network

Written by Datamine Network

Datamine FLUX is DeFi’s first inflation-resistant currency built on Ethereum. Market equilibrium is established using a variation of Proof-of-Burn algorithm.

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