A 2020 perspective on “Digital blockchain networks appear to be following Metcalfe’s Law”

摘要

The value of several blockchain assets was shown to possibly be modeled based on Metcalfe’s law as well as a proposed network effects law in the original paper published in 2017. The models showed the growth in the value of the assets to be correlated to the growth in the number of daily unique addresses used on the network; data that is easily extracted from the blockchain. An update to that study is presented, extending the data from May 2017 to current, and showing the sustained correlation between current data and the models. A discussion of potential improvements to that model and its approach from a 2020 perspective is presented.