Definition ∞ Network Competition refers to the rivalry among different blockchain networks and decentralized protocols to attract users, developers, and transactional activity. This competition drives innovation in areas such as scalability, security, and functionality. It shapes the evolution of the broader digital asset ecosystem.
Context ∞ News reports often highlight network competition as a primary force behind technological advancements and market shifts within the cryptocurrency sector. Various protocols contend for market dominance by offering superior transaction speeds, lower fees, or unique application environments. This dynamic environment leads to continuous improvements and the emergence of new solutions.
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