Ethereum Is Now The 5th Fastest Growing Open Source Project

by | Oct 20, 2018 | Blockchain, Cryptocurrency News

Ethereum | Open Source Network

A recent study by Octoverse has revealed Ethereum as the 5th most popular and fastest growing open source project in the world. Building upon the research, Kevin Rooke, a YouTube vlogger, researcher, advocate of decentralization and the use of digital assets has asserted that where blockchain is concerned,  Ethereum is in the center of the crypto -world.

Rooke, whose sole mission is to educate Canadians on blockchain and the future of cryptocurrency, tweeted his support towards Ethereum and showed that the network is  listed among the top open source projects around the world.

The tech industry is currently boasted with number of Open Source projects. By the start of 2019, the blockchain movement would have gained massive traction and surge interest towards the open source projects. Amongst the list, Microsoft’s Azure tops on the list with over 250,000 programmers supporting Ethereum, the open source project is quickly spreading and is now in the company of heavy hitting tech industry leaders.
Rooke elaborated in one of his videos, the reach and influence of Ethereum compared to other blockchain projects, He stated:

“You simply cannot build excellent applications and products without a big developer base behind you. But today, Ethereum has roughly 250,000 developers building on its platform. The industry is still really small.  250,000 is a shocking number. Ethereum’s development framework called Truffle already has more than 500,000 downloads and even though the price fall of 2018, development interests have continued to rise.”

The Youtuber also pointed out on Twitter that only 27 cryptocurrencies have over 400 active addresses. The developers has been consistently choosing Ethereum over the other network to deploy smart contracts and develop tokenized use cases. In the next wave, Tron, EOS, Cardano and NEO could emerge as viable alternatives but they have a lot of ground to make up.

Read more: Bithumb’s Decentralized Exchange (DEX) Incorporates Ethereum (ETH) As Its First Base Currency

Arshmeet Hora

The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.”  Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.

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