Electric Capital Report Shows Ethereum Has a More Blockchain Developers than Bitcoin
We know that Bitcoin (BTC) is the largest cryptocurrency in the market and is also the most popular among investors.
However, it is not the one that has the largest number of core developers working on it. The second most valuable digital asset and blockchain network in the space, Ethereum (ETH), has more than twice as many core developers per month as Bitcoin.
Report Shows Ethereum Has a Large Number of Core Developers
According to a recent report released by Electric Capital, a few days ago, Etheruem has the most developers working on its protocol of all the cryptocurrencies in the market. However, the report does not include community project developers.
In this report, the company has fingerprinted around 20,000 code repositories and also 16 million commits. There are 216 developers that contribute to Ethereum every single month. This number does not include developers that work in other ecosystem projects such as Truffle.
Bitcoin has 50 developers per month, which shows that although it has not as many developers as Ethereum, there are several individuals contributing to Bitcoin’s growth. The report has also released information about developers working just on the core protocol, and Ethereum has 99 developers on average, more than any other project.
Bitcoin has 47 monthly developers on average working on the core protocol. Moreover, platforms such as Tron (TRX), EOS and Cardano (ADA), have also close to 25 developers per month working on their core protocols.
The cryptocurrency market has lost around 80% of its value since its all-time high. Several firms have been affected and many projects had to stop operating. Nevertheless, the number of active developers just fell by only 4%.
The data released by this firm does not include projects such as the Lightning Network or private and not-launched projects.
There are some cryptocurrencies such as DOGE or Litecoin that have been affected by this bear trend. Litecoin’s developer base has fallen from 40 developers per month to just three over the last year. Both Bitcoin Diamond (BCD) and Bitcoin Gold (BTG) have had contributions from less than five developers since 2018.