Ethereum Is The Most Actively Developed Blockchain In The Market
Ethereum is clearly helping cryptocurrencies to be adopted and known all around the world. Ethereum’s blockchain is one of the most developed networks in the market. For example, in the last 7 days, more than a million lines of code changes have been made.
And indeed, Ethereum is being developed more than any other virtual currency. Even more than Bitcoin. This takes into account the number of commits on GitHub and the number of developers as well as the number of stars and forks on the repository.
Most of the coding activity that is taking place in Ethereum is related to testing. This could be related to the upcoming Metropolis Constantinople upgrade.
Casper, the coding language for Ethereum has experienced some few changes. The same happened with web3, sharding and more. This is due to the fact that developers are working towards Ethereum 2.0.
These changes are related not only to substantial upgrades, but also minor changes such as a number or a letter. However, this rule does not only apply to Ethereum, but also to other networks that haven’t seen such a surge in their developing activities.
Ethereum is moving from a Proof-of-Work (PoW) consensus algorithm to a Proof-of-Stake (PoS) that would allow the network to be more efficient and process more transactions. Additionally, Ethereum developers are also working on off-chain scaling solutions to allow the networks to support eventually billions of transactions a day.
The developments will be shown at the Devcon IV that starts in four weeks and where developers will be present showing the latest modifications made. Other topics will be related to Casper, Sharding and scalability.
Ethereum shows that there is an increased interest in the network and that developers are very engaged with the community. Competitors in the market are not even close to what Ethereum is doing, something that shows that even during a bear market there are interested developers in improving the network.