A question that gets thrown around at crypto conferences and metaverse meetups, one that people have been asking for some time is: "How do we onboard the next billion users into crypto?" Reaching mass adoption may sound like a daunting task, but crypto media outlets like Cointelegraph help spread the news of what’s going on in the cryptoverse every day, helping increase adoption.
The Challenge of Explaining Crypto
Many people in the crypto space have likely had experiences where others ask them questions about various aspects of cryptocurrency. Trying to cohesively explain all the intricacies in one sitting can be a challenge. This tricky situation is what inspired the latest report from Cointelegraph Research.
Introducing the ‘ABCs of Crypto’ Report
The ‘ABCs of Crypto’ report is a perfect start for those new to blockchain, giving a high-level overview of the major cryptocurrencies and blockchains, decentralized finance (DeFi), and nonfungible tokens (NFTs). Throughout the report are links and references to all the useful resources found on Cointelegraph’s website. By combining these with other on-chain and statistical data from various sources, ‘ABCs of Crypto’ is meant to be a starting place for those new to the space to learn about everything from why they should care about DeFi to the difference between hot and cold wallets and how NFT marketplaces work.
The Adoption Curve of Blockchain Technology
Believe it or not, it took around five decades for electricity to be adopted by nearly 100% of households in the United States. It took the radio around four decades, color televisions took about three, and the internet took almost two decades. The adoption curve of modern technology seems to be getting shorter and shorter. The blockchain industry can be said to have started seeing adoption in the last five to six years. If Metcalfe’s law of exponential network effects holds true, spurred on by more users and usage, blockchain may experience an even shorter adoption curve than other technologies of the past century.
DeFi and NFTs: A Perfect Starting Point
Finance and art are two aspects of the human experience that fit perfectly with blockchain, decentralized ledgers, and all things crypto. The ‘ABCs of Crypto’ report first focuses on understanding Bitcoin (BTC), then moves on to other major platforms like Ethereum before discussing decentralized exchanges. It continues on to give readers an introduction to the world of DeFi. Starting with a timeline of NFTs, the report also explores how nonfungible tokens can be used outside of digital art in the form of JPGs — including music, tickets, land, and identity.
The Cointelegraph Research Team
Cointelegraph’s Research department comprises some of the best talents in the blockchain industry. Bringing together academic rigor and filtered through practical, hard-won experience, the researchers on the team are committed to bringing the most accurate, insightful content available on the market.
Meet the Research Team
- Michael Tabone, Deputy Director of Research at Cointelegraph
- Demelza Hays
- Zack Samochin
- James McKay
- Eric Collette
- Pavel Lisitskiy
- Ahmad Choeib
Why the ‘ABCs of Crypto’ Report Matters
The report is a starting place to help bring new people into the world of crypto. What better way to become part of the change and put Metcalfe’s law into full effect than by helping at least one or two people hop on board and get comfortable with all that the future of money has to offer?
Conclusion
The ‘ABCs of Crypto’ report is a valuable resource for anyone looking to learn about blockchain, cryptocurrencies, DeFi, and NFTs. With its comprehensive overview and links to useful resources, it’s the perfect starting point for those new to the space. The Cointelegraph Research team has put together an exceptional report that will help increase adoption and bring more people into the world of crypto.
Additional Resources
- Download a full version of the ‘ABCs of Crypto’ report
- Visit Cointelegraph’s website for more information on blockchain, cryptocurrencies, DeFi, and NFTs
Disclaimer
The opinions expressed in this article are for general informational purposes only and are not intended to provide specific advice or recommendations
