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Metcalfe's law

American  
[met-kafs law] / ˈmɛt kæfs ˈlɔ /

noun

Telecommunications.
  1. the principle that the value of a network is proportional to the square of the number of connected users: the more users there are in a system, the more value an individual perceives, considered against the cost of joining a network community.


Etymology

Origin of Metcalfe's law

First recorded in 1990-95; named after Robert M. Metcalfe (born 1946), U.S engineer and entrepreneur who helped pioneer the internet in 1970 and invent the Ethernet

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