• Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
Subscribe
  • Login
  • Register
No Result
View All Result
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
No Result
View All Result
No Result
View All Result

Ethereum Has Highest Number of Blockchain Protocol Developers Says Report

08/03/2019 17:37
No comments

A new report by a Paolo Alto based crypto management firm, Electric Capital, has found ethereum has double the number of active bitcoin core devs, and has the highest number of monthly active developers amongst all cryptos.
The study indexed 21,000 code repositories, de-duplicated 16 million commits to find original code authors and analyzed 130,000 developers across 3,000 crypto blockchain projects.

Total crypto dev activity doubles in two years, March 2019.

They found total protocol dev activity in the crypto space has doubled since 2017 to now more than 4,350 active developers a month.
While price has fallen by 80%-90% for almost all cryptos, dev activity has only fallen by 4%, they say.
Ethereum has the highest number of devs. That’s the case in total activity (featured image), which includes website changes or documentations, but not things like Truffle or dapps. As  well as core protocol activity:
Ethereum tops crypto blockchains with the highest number of devs, March 2019.

Bitcoin has 49 active core devs, the analysis says. That excludes Lightning Network, Bitgo and for ethereum it counts only Solidity changes as “core code” with eth having about 100 active core developers each month.
Bitcoin comes just about second in this ranking, with Status quite high. As you know Status is a dapp browser, with a decentralized chat-app and eth wallet functionalities.
They raised about 200,000 eth in an ICO in 2017, with the ethereum based project more of a dapp, rather than a blockchain. Yet appears to have more devs than Tron or EOS.

Cardano and Tron developers are however more efficient, active, or hardworking than eth devs because even though they have less in numbers than eth, they have a bit more commits than eth.
Commits are not a great way of measuring activity as quality does matter, with it unclear what time frame this is using. For total commits, which includes protocol, wallets, docs, etc., ethereum comes on top.
Crypto ranking by total commits, March 2019.

The study also looks at how this dev activity has changed, with bitcoin somewhat stagnant and even slightly declining in the number of devs, while ethereum has seen a clear uptrend in developers.
Dev activity changes over time, Crypto ranking 2019.

Dogecoin has dropped to zero devs for some months according to the report, with a number of bitcoin forks also seeing a fall in dev activity.
A reasonable explanation might be that everyone recognizes the value of smart contracts, so eth forks like EOS, Tron, Cardano and so on might be attracting more attention.
The relationship between dev activity and price, however, isn’t very clear at least in the short term.
While eth has 8x more total commits than bitcoin, it’s market cap is about 1/5th of BTC. Likewise while eth commits are 20x more than Ripple, their market caps are neck and neck.
But the measure does show what project is being developed the most and more importantly what project developers are betting on with their own time and resources, presumably because they think their chosen blockchain has the best chance of succeeding in the long term.
Copyrights Trustnodes.com
 

Related Posts

Defi dapps DNS hijacked, June 2022

Defi Dapps DNS Attacked

Eminem Ape

Eminem Apes

Cristiano Ronaldo Binances

Bitcoin Rises on Futures Expiry

Load More
  • Trending
  • Comments
  • Latest
Grayscale's Bitcoin Trust price, June 2022

Grayscale’s Bitcoin Price Falls to $12,000

Ethereum longs, June 2022

Ethereum Longs Spike

Bitcoin and other asset prices, June 2022

Bitcoin Drops Below $20,000

The world's three richest men sold billions at the top

How the Rich Crashed the World

Defi dapps DNS hijacked, June 2022

Defi Dapps DNS Attacked

Eminem Ape

Eminem Apes

Cristiano Ronaldo partners with Binance on NFTs

Cristiano Ronaldo Binances

Wall Street Troll Street

Bitcoin Rises on Futures Expiry

Comments

Latest News

  • Defi Dapps DNS Attacked
  • Eminem Apes
  • Cristiano Ronaldo Binances

About Trustnodes

Terms of Service

Privacy Policy

Our Ethics and Values

Trustnodes Newsletter

Trustnodes © 2017-2022. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics

Trustnodes © 2017-2022. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

Welcome Back!

Login to your account below

Authenticate with MetaMask Loading...

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?