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Network Effect and Cryptocurrency Pricing : You cannot build another Bitcoin

Leave a Comment / Crypto Simplified

As a crypto industry expert, I can attest that the network effect plays a crucial role in the value and success of cryptocurrencies, particularly when analyzing the dominance of Bitcoin. To fully grasp this, let’s first define the network effect. Network Effect Definition: The network effect is a phenomenon where the value of a product …

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Understanding blockchain Transaction Fees : Impact on Platform Choice

Leave a Comment / Crypto Simplified, Cryptocurrency

Blockchain transaction fees are small amounts of cryptocurrency that users pay to have their transactions processed and validated on a blockchain network. These fees serve as an incentive for miners (or validators, in the case of some other consensus mechanisms) to include transactions in the blocks they create, ensuring the network remains secure and functional. …

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Cryptocurrency vs. Crypto Tokens: Simplifying the Concepts

Leave a Comment / Crypto Simplified, Cryptocurrency

The digital world has introduced various new terms that can sometimes be confusing, especially for newbies in crypto. Cryptocurrency and crypto tokens are two of these terms that have taken the world by storm. In this article, we will break down the concepts of cryptocurrency and crypto tokens in a simplified way, using real-world examples, …

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Avoid Shit or Scam Coin while Investing

Leave a Comment / Crypto Trading

While evaluating the potential of a cryptocurrency, it is important to look beyond just charts and market value. Here are some key factors that you can consider while evaluating a cryptocurrency: Technology: Evaluate the technology behind the cryptocurrency, including the whitepaper, development team, and the overall goals and vision of the project. Adoption: Consider how …

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Why Ethereum is Valuable

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Ethereum is a decentralized, open-source blockchain platform that allows for the creation of smart contracts and decentralized applications (dapps). It is the second-largest cryptocurrency in terms of market capitalization, and it has been growing in popularity and value since its inception in 2015. In this article, we will explain how Ethereum works and why it …

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Factors to consider before buying a CryptoCurrency

Leave a Comment / Crypto Trading

Cryptocurrency trading can be a lucrative opportunity for those who understand the market and know how to properly buy, sell, and trade digital assets. Here is a comprehensive guide to help you get started with cryptocurrency trading: Understanding the difference between coins and tokens Cryptocurrency can be divided into two main categories: coins and tokens. …

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