Network effect refers to a certain service. As the number of users of the service increases, all users can obtain greater value from the expansion of the network. The more users this network contains and the larger its scope, the greater its overall value, and therefore the easier it is for new users to preferentially adopt it. When talking about network effects, we often take telephone networks and social products as examples. In fact, the oldest case of network effects is currency. The powe...

Network effect refers to a certain service. As the number of users of the service increases, all users can obtain greater value from the expansion of the network. The more users this network contains and the larger its scope, the greater its overall value, and therefore the easier it is for new users to preferentially adopt it. When talking about network effects, we often take telephone networks and social products as examples. In fact, the oldest case of network effects is currency. The powe...