Ethereum (ETH) is the king of altcoins and its blockchain is one of the most used in the world. Many blockchain and crypto projects are in the crypto industry because of Ethereum. Projects such as EOS, Tron (TRX), Ubex (UBEX), Basic Attention Token (BAT), and many other digital currencies came under the blockchain of Ethereum. Some of them have migrated to their own Mainnets, while some are still on the blockchain of Ethereum. The majority of digital currencies in the market today have their foundation in Ethereum.
Ethereum has gone very far because of the number of hands on deck on the network. No doubt, Ethereum has quite a handful of top and skilled developers. Ethereum provides a platform for other developers and firms to create smart contracts and build their own digital assets without having to start from scratch. The platform has come in really handy over the past years.
Ethereum (ETH) Price Today – ETH / USD
The Developers on Ethereum Blockchain Are 4X More than Any Other Blockchain Platform – Ethereum News Today – Cryptocurrency Market Update
Recently, Electric Capital released a report that revealed that the number of developers working on the blockchain of Ethereum is more than the number of developers you can find in any other blockchain platform, including EOS and Bitcoin (BTC). The report was released yesterday, with the title “Developer Report.” The report is a continuation of the report in March and it investigates the code activity going on in every open-source repository in digital currency.
The report is aimed at analyzing how developers are contributing to blockchain projects, as many of them left the industry during 2019’s Crypto Winter. According to the report, 77 percent of developers left the market and they were the least committed contributors. The report also revealed that the majority of the developer that left were mainly part of the least promising projects. Only about four percent of developers for the top 100 crypto projects left the market.
According to the report, Ethereum has hired and retained a lot of developers over the past years, making it a significant outlier in the industry. Ethereum has the highest contributor base in the industry, and Bitcoin has the second largest. A whopping 18 percent of the developers evaluated in the report are working on the blockchain of Ethereum. As at June this year, there were exactly 1,243 developers on the blockchain of Ethereum. This shows that the ecosystem of Ethereum has 4X the developers of the next largest ecosystem, which is Bitcoin.
Ethereum Community Says the Developers on the Network Are More than the Reported Value
The Ethereum community revealed this news with open arms. They are very excited about the data. However, some of them are saying that the total number of developers on the Ethereum ecosystem is more than the value stated in the report. The reason is that a lot of digital currency projects are based on the blockchain of Ethereum. According to the community, Basic Attention Token (BAT) is based on the Ethereum platform, but the report recorded it as a separate project. Hence, it is possible that the majority of digital currency developers are working on the Ethereum platform or a decentralized app on the Ethereum platform. Nevertheless, this is a piece of bullish news for the community and they are happy that their favorite crypto project is making waves in the industry.