Developers have been diving headfirst into blockchain technology, with active contributors across Bitcoin, Ethereum, and Solana surging since 2018, according to a report from Telstra Ventures.
Despite crypto market turbulence, active contributors across Bitcoin, Ethereum, and Solana’s top projects have increased by an average of 71.6% per year since January 2018, according to a new report.come from an August 2 report sent to Cointelegraph by technology investment firm Telstra Ventures, which found that Solana had the most significant annual increase in monthly-active contributors, growing at a compound annual growth rate of 173% since January 1, 2018.
Contributors are developers who push updates to code on GitHub, a code repository for computer programs. Ethereum was second with a 24.9% compound annual growth of monthly contributors since 2018 and Bitcoin was third with a “slow and steady” 17.1% yearly increase. Telstra also noted that it found Ethereum to have the “largest and strongest” developer community out of the three blockchains. The network had nearly 2,500 monthly active contributors in April, which fell to over 2,000 contributors in July, coinciding with a fall in the crypto price.
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