p>”How do we get the next billion users into cryptocurrency?” This is a question that is being asked at cryptocurrency conferences and metaverse meetups, and one that people have been asking for a while. Reaching mass adoption may seem like a daunting task, but cryptocurrency news outlets like Cointelegraph help spread the news of what’s happening in the crypto space every day, helping to increase adoption.
Many people in the cryptocurrency industry have likely had experiences where they have been asked questions by others about various aspects of cryptocurrency, and trying to coherently explain all the intricacies in one sitting can be challenging. This difficult situation is what inspired the latest report from Cointelegraph Research.
Download the report at Cointelegraph Research Terminal.
The “ABCs of Crypto” report is a perfect start for those new to the blockchain space, providing a high-level overview of major cryptocurrencies and blockchains, decentralized finance (DeFi), and non-fungible tokens (NFTs). Throughout the report there are links and references to all the useful resources found on the Cointelegraph website. Combining it with other on-chain and statistical data from various sources, “ABCs of Crypto” is intended to be a starting point for newcomers to the space to learn everything from why they should care about DeFi to the difference between hot and cold wallets. and how NFT markets work.
The world has just started to adopt blockchain technology
Oddly enough, it took about five decades for electricity to be adopted by almost 100% of homes in the United States. Radio took about four decades, color televisions about three, and the Internet almost two. The adoption curve for modern technology seems to be getting shorter and shorter. It can be said that the blockchain sector has started to see its adoption in the last five or six years. If Metcalfe’s law of exponential network effects, spurred by increased user numbers and usage, hold, blockchain technology may experience an even shorter adoption curve than other technologies of the last century.
DeFi and NFT are good starting points
Finance or art are two aspects of the human experience that fit perfectly with Blockchain technology, decentralized ledgers, and all things cryptocurrency. The “ABCs of crypto” report first focuses on understanding Bitcoin (BTC), then moves on to other major platforms like Ethereum before talking about decentralized exchanges. He then gives readers an introduction to the world of DeFi. Beginning with a timeline of NFTs, the report also explores how non-fungible tokens can be used beyond digital art in the form of JPGs, including music, tickets, land, and identity.
The latest report from Cointelegraph Research is a starting point to help attract new people to the world of cryptocurrency. What better way to be a part of the change and put Metcalfe’s Law into practice than by helping at least one or two people jump on the bandwagon and feel comfortable with all that the future of money has to offer?
The Cointelegraph Research team
Cointelegraph’s research department is made up of some of the best talent in the blockchain industry. Blending academic rigor and practical experience, the team’s researchers are committed to delivering the most accurate and insightful content available on the market.
Michael Tabone is Cointelegraph’s deputy director of research. The research team is made up of subject matter experts from the fields of finance, economics and technology to provide the market with the leading source of industry reports and insightful analysis. The team uses APIs from various sources to provide accurate and useful information and analysis.
With decades of combined experience in traditional finance, business, engineering, technology, and research, the Cointelegraph Research team is perfectly positioned to put their combined talents to proper use with the “ABCs of Crypto” report.
The opinions expressed in this article are for general informational purposes only and are not intended to offer specific advice or recommendations to any individual or on any particular security or investment product.
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