Metcalf's Law :
Metcalfe's law states that the value of a telecommunications network is proportional to the square of the number of connected users of the system (n2). First formulated in this form by George Gilder in 1993, and attributed to Robert Metcalfe in regard to Ethernet, Metcalfe's law was originally presented, c. 1980, not in terms of users, but rather of "compatible communicating devices" (for example, fax machines, telephones, etc.) Only later with the globalization of the Internet did this law carry over to users and networks as its original intent was to describe Ethernet purchases and connections.[3]The law is also very much related to economics and business management, especially with competitive companies looking to merge with one another.
I shared the above to have a better understanding of the correlation between bitcoin and metcalf's law when explaining and educating about bitcoin as this is very important to understand and have knowledge of before trying to explain bitcoin to anybody.
I am going to be doing more articles about blockchain, bitcoin and cryptocurrencies .
Main aim of my articles that i will be posting is to better learn and understand blockchain, bitcoin and cryptocurrencies and how to educate and spread awareness about this new technology.
I look forward to future posts