Ethereum’s developer activity climbs to seven month high

2020-9-15 15:19

Developer activity recorded a new increased level; the highest level since the beginning of the year pre-crisis

Developer activity for Ethereum has hit a seven month high. Judging from past trends, this blockchain activity has been a definitive pointer of the medium-term trend of the concerned crypto. As such, the elevated level of Ethereum developer activity indicates an optimistic medium-term trend for Ethereum.

According to a 2017 study rounded up by JP Vergne, a professor at the UCL School of Management, “The best predictor of a cryptocurrency’s exchange rate is the amount of developer activity around it”.

An analyst at Santiment reported: “Santiment is indicating that #Ethereum is reaching #Github development rates not seen since February (a 7-month high)! $ETH continues to make its case as the most highly innovative network in #crypto, including the many ERC-20’s under its umbrella”.

Propelled by DeFi projects, Ethereum blockchain user activity posted a massive upswing to unmatched levels since 2017 across several sectors.

A crypto trader by the name Qiao Wang suggested that the majority of the population is still trying to understand DeFi.

This indicates that both mainstream and existing crypto users are unfamiliar with DeFi and most of its underlying concepts. The decentralized aspect of DeFi platforms increases the level of complexity for beginners to navigate various platforms.

However, the DeFi space is just in its early stages of growth, moving from $1 billion to $8 billion within the last 4 months.

According to Wang, the more people try out DeFi products, the faster they realise and understand their fundamental aspects.

Wang explained in a tweet: “Lotta people try to reason about DeFi on an abstract level. I had made this mistake myself. But reality is the only way to truly appreciate what’s going on is to use the products. Spend a week to trade/lend/asset-manage, and you’ll get why this stuff is fundamentally interesting.”

ETH developer activity will increase as more people start using DeFi. The ETH developer community is projected to focus on slowly releasing ETH 2.0 in the next one year.

The post Ethereum’s developer activity climbs to seven month high appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Social Activity Token (SAT) íà Currencies.ru

$ 0 (+0.67%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 1.44 %, 7d: 12.76 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0004092 (-100%)

activity developer high ethereum month level seven

Èñòî÷íèê: coinjournal.net

activity developer → Ðåçóëüòàòîâ: 61


Here’s What September’s Most Active ERC-20 Dapps Have Been Working On

Each month, we shine a spotlight on the 10 ERC-20 projects with the highest-recorded developer activity for the past 30 days, as calculated by Santiment.   Development Activity is an oft-underrated indicator of project success, as it demonstrates the month-to-month commitment to creating a working product, continuously polishing and upgrading its features, and staying true.

2019-10-6 17:32


Here’s What August’s Most Active ERC-20 Dapps Have Been Working On

Each month, we shine a spotlight on the 10 ERC-20 projects with the highest-recorded developer activity for the past 30 days, as calculated by Santiment. Development Activity is an oft-underrated indicator of project success, as it demonstrates the month-to-month commitment to creating a working product, continuously polishing and upgrading its features, and staying true to.

2019-9-4 20:04


Here’s What July’s Most Active ERC-20 Dapps Have Been Working On

Each month, we shine a spotlight on the 10 ERC-20 projects with the highest-recorded developer activity for the past 30 days, as calculated by Santiment. Development Activity is an oft-underrated indicator of project success, as it demonstrates the month-to-month commitment to creating a working product, continuously polishing and upgrading its features, and staying true to.

2019-8-3 19:22


Facebook is getting closer to letting you type with just your thoughts

During its developer conference in 2017, Facebook announced its plans to develop a brain-computer interface (BCI) that would let you type just by thinking.  Now, researchers from the University of California, San Francisco (UCSF) working under this program have posted a study today noting their algorithm was able to detect spoken words from brain activity in real-time.

2019-7-31 09:57


Ôîòî:

Google will remove shady data-stealing Chrome extensions starting October 15

Google is making good on its “root-and-branch review” of third-party developer access to user data. The company has now said its new policy for Minimum Permission and updated User Data policy will be enforced starting October 15, 2019 — in other words, Chrome will no longer support sketchy extensions that gather data on your browsing activity.

2019-7-24 08:46


Here’s What June’s Most Active ERC-20 Dapps Have Been Working On

Each month, we shine a spotlight on the 10 ERC-20 projects with the highest-recorded developer activity for the past 30 days, as calculated by Santiment. Development Activity is an oft-underrated indicator of project success, as it demonstrates the month-to-month commitment to creating a working product, continuously polishing and upgrading its features, and staying true to the.

2019-7-3 19:20


Here’s What May’s Most Active ERC20 Dapps Have Been Working On

Each month, we shine a spotlight on the 10 ERC-20 projects with the highest-recorded developer activity for the past 30 days, as calculated by Santiment. Development Activity is an oft-underrated indicator of project success, as it demonstrates the month-to-month commitment to creating a working product, continuously polishing and upgrading its features, and staying true to.

2019-6-4 20:04


Here’s What April’s Most Active ERC20 Dapps Have Been Working On

Each month, we shine a spotlight on the 10 ERC-20 projects with the highest-recorded developer activity for the past 30 days, as calculated by Santiment. Development Activity is an oft-underrated indicator of project success, as it demonstrates the month-to-month commitment to creating a working product, continuously polishing and upgrading its features, and staying true to.

2019-5-3 18:09


Let’s Look at the Top Crypto Assets with Developer Activity and Are Blockchain Ghost Towns

As many of our readers may already know, CoinCodeCap is a service that keeps an active track of the development activities of hundreds of cryptocurrencies in real-time. In this regard, it may come as a bit of a surprise that premier altcoin ‘Bitcoin’ is currently the 52nd most active cryptocurrency in terms of development (despite […]

2019-1-2 19:31


äàëüøå åùå 12 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Àíàëîã Notcoin - Blum - Èãðàé è çàðàáàòûâàé Ìîíåòû



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Ethereum gains 7% to surpass $3.3K: what analysts are saying

Ethereum has jumped by more than 7% in the past 24 hours to break above $3,350. The top altcoin’s price gains come after Bitcoin spiked to its highest-ever mark above $98k on Thursday morning. While ETH has failed to master a significant rally in the wake of Bitcoin’s surge in the past month, the market’s […]

Bitcoin And Ethereum Now Treasury Reserves For International Healthcare Group Cosmos

In the wake of President-elect Donald Trump’s victory on November 5, there has been a notable surge in interest surrounding Bitcoin (BTC) and other digital assets. This trend is prompting global firms and governments to explore integrating leading cryptocurrencies into their treasury reserves, a shift that reflects a broader acceptance of digital currencies, particularly in the […]

Spot Bitcoin ETFs see negative day with $400.6m net outflows

Spot Bitcoin exchange-traded funds in the United States experienced an outflow day on Nov. 14, ending their six-day inflow streak that had brought over $4.73 billion into the funds. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded…