Proof of Usefulness Report

BscScan

Analysis completed on 1/16/2026

+531
Proof of Usefulness Score
Industry Mainstay

BscScan is the definitive, critical infrastructure for the Binance Smart Chain ecosystem, boasting millions of monthly users and undeniable real-world utility. Despite a low-effort submission (missing team data, generic traction claims), the project's external verifiability as a market leader secures a high score. The platform's 'Proof of Usefulness' is self-evident through its dominance as the primary block explorer, though the submission itself failed to document this adequately.

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Score Breakdown

Real World Utility+147
Audience Reach Impact+114
Technical Innovation+51
Evidence Of Traction+142
Market Timing Relevance+36
Functional Completeness+1
Subtotal+491
Usefulness Multiplierx1.08
Final Score+531

Project Details

Project URL
bscscan.com
Description
BscScan is a leading blockchain explorer and analytics platform specifically designed for the Binance Smart Chain (BSC). Operating under the domain bscscan.com, the company provides users with comprehensive tools to explore, verify, and interact with the BSC blockchain. BscScan offers a wide range of features including transaction tracking, wallet monitoring, and smart contract verification, making it an essential resource for developers, investors, and enthusiasts within the Binance Smart Chain ecosystem. The platform aims to enhance transparency and accessibility in blockchain technology by delivering reliable and up-to-date information.
Audience Reach
everyone
Target Users
everyone
Technologies
Blockchain, Analytics, Payments
Traction Evidence
most people have used my product

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline