Protocol Network Effects.
09 Jan 2022, 08:33
❇️ Protocol Network Effects
Such effects arise when a computational standard is used by all participating nodes in the network and new potential users can join the network by employing said protocol. This is potentially a very strong network effect because once the protocol has been adopted it is extremely difficult to replace. In the case of Buying.com one of the more well known blockchain protocols, namely the Algorand protocol, will be leveraged to expedite the Buying.com protocol establishment and its ubiquitous adoption.