Intriguing direction. Of the belief that developers will become replaced by automated methods
Coders Flock Back to Crypto Projects with Prices Surging Again
In Bloomberg By Olga Kharif
Software developers are migrating back to cryptocurrency projects at record levels, with early-stage venture firm Electric Capital reporting that the numbers of new coders rose this year for more than three consecutive months for the first time since 2017. Electric estimated the number of new crypto developers grew 15% per month during the first 10 months of 2020, while more than 80% of all active developers began their work in the last two years. Open source blockchain platform Ethereum and decentralized finance applications are particularly attractive to developers. Electric's Maria Shen said, "Many projects like smart contract platforms rely on developers joining their ecosystem to be successful. Ethereum clearly has more activity and this is why other platforms fight for developers.”
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