Ethereum Has More Than Twice as Many Core Devs per Month as Bitcoin: Report

March 9, 2019
79 Views

Ethereum has the most developers working on its base protocol of all cryptocurrencies, not counting community project developers.

Ethereum (ETH) has the most developers working on its base protocol of all cryptocurrencies, not counting community project developers, according to a report by crypto asset management firm Electric Capital. The report was published in a Medium post on March 7.

Per the post, the company fingerprinted over 20,000 code repositories and 16 million commits to obtain data, which reveals that on average 216 developers contribute code to ETH repositories every month. The company also specifies that this data “is undercounting the number of Ethereum developers since we do not include ecosystem projects like Truffle.”

Bitcoin (BTC), the largest of all cryptocurrencies by market capitalization, has a healthy developer base as well, averaging over 50 developers per month. The report specifies that this data does not include ecosystem projects.

An even more restrictive data set, which only considers contributions to core protocol, reveals that:

“Ethereum is by far the most active at 99 monthly developers on average.”

Bitcoin, on the other hand, has an average of 47 core protocol developers every month, making it the second most active.

The data also reveals that big platforms such as Eos (EOS), Tron (TRX) and Cardano (ADA) all have over 25 monthly core protocol developers on average.

Another point made in the report is that while the market lost about 80 percent since its peak, data shows that the monthly active developer base has fallen by only 4 percent. Moreover, according to the report, the number of developers working on public coin repositories has doubled over the last two years.

According to the company’s global data, over 4,000 developers per month contribute code to over 2,800 public coins. As the study notes, this data does not consider private, not yet launched or non-coin projects, such as the Lightning Network.

The report also points out that “many projects who [sic] are being abandoned by developers are forks of high network value coins.” For instance, Dogecoin (DOGE) hasn’t had developers for months while the Litecoin (LTC) developer base has fallen from 40 developers per month to just three over the last year.

The report also notes that both Bitcoin Diamond (BCD) and Bitcoin Gold (BTG) have had code contributions from under five developers since October 2018.

As Cointelegraph recently reported, Ethereum co-founder Vitalik Buterin has stated he was trying to solve Bitcoin’s limited functionality with the creation of Ethereum.

On the other hand, Twitter and Square CEO Jack Dorsey alluded to spending $10,000 per week on Bitcoin during a recent podcast.

You may be interested

UK Financial Watchdog Warns Public of Crypto Clone Firm
Blockchain
20 views
Blockchain
20 views

UK Financial Watchdog Warns Public of Crypto Clone Firm

btcethereumadmin - May 25, 2019

The FCA has reported that ICAP Crypto is a clone firm borrowing details from ICAP Europe Limited. The primary financial…

Two Miners Purportedly Execute 51% Attack on Bitcoin Cash Blockchain
Blockchain
20 views
Blockchain
20 views

Two Miners Purportedly Execute 51% Attack on Bitcoin Cash Blockchain

btcethereumadmin - May 25, 2019

Two miners have purportedly executed a 51% attack on the bitcoin cash blockchain. Two miners have reportedly executed a 51%…

Telegram Introduces New Programming Language for TON Network
Blockchain
21 views
Blockchain
21 views

Telegram Introduces New Programming Language for TON Network

btcethereumadmin - May 25, 2019

Encrypted instant messaging service Telegram has created a new programming language for its Telegram Open Network. Privacy-focused encrypted instant messaging…

Leave a Comment

Your email address will not be published.