The number of cryptocurrency developers has almost doubled in three years

The number of active developers in cryptocurrencies is now higher than it was before the crypto market’s record growth in 2021

The number of developers in the field of cryptocurrencies has almost doubled in three years. This data follows from the report of the venture capital company Electric Capital. The growth of the indicator from June 2020 to the same month of this year was 92%.

Now the number of active developers is still higher than it was before the crypto markets hit record growth in 2021.

As of 1 June, the figure stood at 21,300. And that’s a quarter more compared to the same period in 2021. And about five months before Bitcoin set a record high above $69 thousand.

The authors of the report track the number of so-called commits – public edits and updates to the software code of projects. And which are placed in the public domain on the Github site. Analysts consider those developers who have continued to participate in writing the code of crypto services for at least a year to be beginners. Beginners are programmers with an experience of one to two years. And seasoned professionals are those whose experience exceeds two years.

Our experts note that professionals who have worked in the field of cryptocurrencies for at least one year. They also continue to make the majority of code commits.