LIVE
Strategy Sold $466M of MSTR Stock While Bitcoin Reserves Stayed FlatSBI Holdings and Solana Launch Market in JapanThailand Reportedly Audits High-Volume Tether USDT TransfersSBI Group to Launch JPYSC Lending Service With 3% Annual YieldCrypto Fear & Greed Index rises to 28 from 24 a week earlierIndian accountant crypto scam: reported $2.2 million lossTelegram Wallet Offers Tokenized SK Hynix Shares via xStocks: ReportKraken Plans Agentic Trading With AI Bots for Crypto InvestorsEmpery Digital Sells 1,400 BTC for $87.1M, Cuts Bitcoin TreasuryGarlinghouse Says SEC Nearly Forced Ripple to Shut DownStrategy Sold $466M of MSTR Stock While Bitcoin Reserves Stayed FlatSBI Holdings and Solana Launch Market in JapanThailand Reportedly Audits High-Volume Tether USDT TransfersSBI Group to Launch JPYSC Lending Service With 3% Annual YieldCrypto Fear & Greed Index rises to 28 from 24 a week earlierIndian accountant crypto scam: reported $2.2 million lossTelegram Wallet Offers Tokenized SK Hynix Shares via xStocks: ReportKraken Plans Agentic Trading With AI Bots for Crypto InvestorsEmpery Digital Sells 1,400 BTC for $87.1M, Cuts Bitcoin TreasuryGarlinghouse Says SEC Nearly Forced Ripple to Shut Down
Homepage/Altcoin News/Electric Capital: Ethereum has More Developers Working On its Base Protocol Than Any Crypto
ALTCOIN NEWSNEWS

Electric Capital: Ethereum has More Developers Working On its Base Protocol Than Any Crypto

BY Joshua Trelawen·2 MIN READ·MARCH 9, 2019

According to a recently compiled report, it was discovered that the Ethereum network has the highest number of developers working on its base protocol, compared to all cryptocurrencies. It is important to note that this report didn’t record the number of community project developers. The report was published by Electric Capital, a popular crypto asset management firm Electric Capital.

KEY FINDINGS - EVIDENCE LEVEL: MULTI-SOURCE
2Key sections mapped in this report
0Internal references connected to related coverage
0External source domains cited in the article
2 minEstimated time to read the full report

Electric Capital Put in Serious Work

According to the report, more than 20 thousand code repositories and 16 million commits were fingerprinted to obtain data. This fingerprinted data made it known that there are about 216 developers contributing to the Ethereum repositories on a monthly basis. The company also stressed that the record “is undercounting the number of Ethereum developers since we do not include ecosystem projects like Truffle.”

The company records also detailed information regarding the number of developers contributing to the number one cryptocurrency—bitcoin (BTC). The record shows that an average of over 50 developers contributed to the network’s repositories per month. The report specifies that this data does not include ecosystem projects.

While taking restrictive data set (contributions to core protocol) into considerations, it was revealed that: “Ethereum is by far the most active at 99 monthly developers on average.” The Ethereum network was seconded by Bitcoin, which on the other hand, has an average of 47 core protocol developers every month.

Other Projects

Other major top ranking platforms like Eos (EOS), Tron (TRX) and Cardano (ADA) boast of an average of 25 protocol developers contributing monthly.

Some projects without developers contributing to them in a while, such as Dogecoin (DOGE) and were also detailed in the report. According to the report, (DOGE) hasn’t had developers for months. Projects which also had a reduction in the number of active developers such as Litecoin (LTC) which developer base fell from 40 developers per month to just three over the last year were also detailed.

SOURCE TRANSPARENCY
  • Byline - Reported by Joshua Trelawen
  • Coverage Desk - Primary editorial category: Altcoin News
  • Media Asset - Featured image served from the WordPress media library