Definition
Total value of a network to its users grows as the square of the total number of its users. Thus, the ratio of value to cost of adding one more network user grows disproportionately as the network grows larger. Also called law of telecosm, it was proposed by Robert C. Metcalfe, co-inventor of the Ethernet.
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Metcalfe's Law Explained
Metcalfe's Law: The cost of a network increases in proportion to the number of nodes, but the value of a network increases in proportion to the square of the number of nodes. ... Read more
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