Consensys and Coinbase-Backed Exec To Create GitHub-Like Platform For Web3
Most developers still use GitHub to share their open-source code. However, some people think that this kind of solution is not ideal when we have an emerging crypto world being born. Because of this, Harrison Hines, the CEO of Terminal, has decided to make his own crypto-version of GitHub.
Terminal, which received $3.7 million USD in investments last year from companies such as Coinbase Ventures and passed by the ConsenSys accelerator program, is ready to launch its own developer hub for decentralized projects.
The idea was to create something similar to GitHub but to make it easier for Web3 developers to deploy smart contracts there. As many projects need to use smart contracts, Terminal will allow them to use them on the platform without having to find another more complicated way first.
Vamsi Alluri, a MakerDAO engineer, was bullish on this idea. According to him, a large ecosystem that constantly needs to use smart contracts would benefit from a platform that was designed specifically for their needs.
Web3 platforms are not really hosted or controlled by a single party, so they really need some specific things in order to work properly. The whole process of using them and programming for them changes.
Terminal is set to offer smart contracts, node services, and direct conduits to external programs; all for free. According to the Terminal executives, it would be considerably cheaper to simply use their already existing infrastructure instead of having to pay to use nodes.
How will the project be maintained? It will use a “freemium” system. People can access all the basic features for free, but if they really like the platform and want to upgrade, they will have to pay.