On October 7, 2020, Denelle Dixon, Lin-Hua Wu, Ronaldo Lemos, Keith Rabois, and Jed McCaleb are going to discuss about achieving network effects on an Open Network in the special Round Table event.
The value of the network effects are considered to be exponential in the process of building solutions and businesses. Discussing this topic is important because achieving network effects is not easy in the blockchain space.
Creating the network effect, takes substantial amount of resources and talent and a solution which builds user trust and adoption, providing effective leadership, and thus creating a strong network.
They are going to discuss on how to accomplish value growth model in blockchain as an open network.
Participants are requested to register in advance. After registering, participants will receive a confirmation email with instructions on how to join the webinar.
Sydney Ifergan, the crypto expert tweeted: “Stellar Lumens (XLM) know it is very important to explore Network effects as the support of interest of real people is important for the success of any product or service.”
Network effects is important because the more numbers of people using a network and the products on the network, the better will become its value. The participants are normally those who are looking to benefit from the network. Eventually network effect leads to exponential growth rates.
Network effect is possible only when the network is really useful for the participants. Network effects cannot be fake. It has to be real. Fake attempts to make something look like a network effect will not last for too long. The reason behind network effect is that so many people cannot be wrong.
When there are too many users on the same network service, this can slow down the speed of the network, this is also be looked in to. The providers of the network need to ensure that the capacity of scalability can be increased in a way to accommodate more users.
Meanwhile Stellar expressed that, The Stellar Protocol 14 rollout is officially underway! Stellar Core v14.0.0 and the Horizon v1.9.0 release candidate are out now. They have some new features which are documented in detail.
They have published some details on stuff that Stellar Developers should be following to prepare for the Protocol 14 update. Those who are developing on stellar need to particularly make a note of it. This upgrade will not need time-consuming database migrations. Thus, the process will be fairly painless.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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