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“How can we bring the next billion users into crypto?” This question is frequently posed at crypto conferences and metaverse gatherings — a query that has been prevalent for quite some time. Achieving widespread adoption may appear to be a formidable challenge, yet crypto media platforms like Cointelegraph play a crucial role in disseminating information about developments in the cryptoverse daily, thereby facilitating increased adoption.
Individuals within the crypto community have likely encountered situations where others inquire about various facets of cryptocurrency, and attempting to clearly articulate all the complexities in a single discussion can be quite difficult. This challenging scenario inspired the latest report from Cointelegraph Research.
Access the report on the Cointelegraph Research Terminal.
The “ABCs of Crypto” report serves as an excellent introduction for newcomers to blockchain, offering a broad overview of the key cryptocurrencies and blockchains, decentralized finance (DeFi), and non-fungible tokens (NFTs). The report includes links and references to valuable resources available on Cointelegraph’s website. By integrating these with additional on-chain and statistical data from multiple sources, “ABCs of Crypto” aims to be a foundational resource for those unfamiliar with the space, covering topics from the significance of DeFi to the distinctions between hot and cold wallets and the functioning of NFT marketplaces.
The world has only begun to embrace blockchain technology
Surprisingly, it took approximately five decades for electricity to be adopted by nearly all households in the United States. The radio took around four decades, color televisions about three, and the internet nearly two decades. The adoption curve for contemporary technology appears to be decreasing in duration. The blockchain sector has begun to witness adoption over the past five to six years. If Metcalfe’s law of exponential network effects driven by increased users and usage holds true, blockchain may experience an even more rapid adoption curve than previous technologies of the last century.
DeFi and NFTs are excellent entry points
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Finance and art are two dimensions of human experience that align seamlessly with blockchain, decentralized ledgers, and all things crypto. The “ABCs of Crypto” report initially emphasizes understanding Bitcoin (BTC), then transitions to other significant platforms like Ethereum before addressing decentralized exchanges. It further introduces readers to the realm of DeFi. Beginning with a timeline of NFTs, the report also examines how non-fungible tokens can be utilized beyond digital art in the form of JPGs — encompassing music, tickets, land, and identity.
Cointelegraph Research’s latest report serves as a foundational resource to assist in welcoming new individuals into the crypto domain. What better way to contribute to the transformation and fully realize Metcalfe’s law than by aiding at least one or two people in becoming acquainted with all that the future of finance has to offer?
The Cointelegraph Research team
Cointelegraph’s Research department consists of some of the most skilled professionals in the blockchain sector. Merging academic rigor with practical, hard-earned experience, the researchers on the team are dedicated to delivering the most precise and insightful content available in the market.
Michael Tabone serves as the deputy director of research at Cointelegraph. The research team includes subject matter experts from various fields such as finance, economics, and technology to provide the leading source for industry reports and insightful analysis. The team employs APIs from diverse sources to ensure accurate and valuable information and analyses.
With decades of collective experience in traditional finance, business, engineering, technology, and research, the Cointelegraph Research team is ideally positioned to effectively utilize its combined expertise in the “ABCs of Crypto” report.
The views expressed in this article are intended for general informational purposes only and do not aim to provide specific advice or recommendations for any individual or on any particular security or investment product.
