Positive and Negative Network Effects in Crypto
Cryptocurrencies are systems of fungible tokens that exist on a blockchain. They use bulletproof encryption algorithms, and the nature of blockchains makes them impossible to forge or replicate. Each transaction is logged in a public ledger, making each user’s balance public, and making the entire system verifiable by a host of third parties. No one … Continue reading Positive and Negative Network Effects in Crypto
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