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Bitcoin and Ethereum Follow Metcalfe’s Law of Network Effects New Study Says

25/06/2017 16:43
4 comments

Metcalfe’s Law, which states that the value of a network is proportional to the square of the number of its users, applies to bitcoin and ethereum according to a new study published at the journal of Electronic Commerce Research and Applications.

The study measured the value of the network based on the price of relevant digital currencies and compared it to the number of unique addresses that engage in transactions on the network each day, according to the abstract.

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