The Ethereum Network Hosts 94 Out Of Top 100 Blockchain Projects

A new research from Kevin Rooke, who is a famous researcher and YouTuber, has unveiled that the Ethereum community has more than 250,000 developers so far – 94 of which are involved in the top 100 blockchain projects launched on top of the ETH network.

As Rooke said in his newest video:

“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 [and thus], 250,000 is a shocking number. Ethereum’s development framework called Truffle already has more than 500,000 downloads and even through the price fall of 2018, development interests have continued to rise,”

The big question now is if any other decentralized application protocols can compete with Ethereum. When it comes to the answer, payment-focused blockchain networks like Bitcoin, Ripple, Bitcoin Cash and Litecoin are also built on top of the Ethereum protocol – and many others.

So, the truth is that it is very hard to compete with Ethereum’s potential. Aside from the biggest cryptocurrencies, the Ethereum network also hosts the $2 billion China-based IoT blockchain network VeChain, $1 billion high-performance blockchain Ontology, $900 million South Korea-based ICON, and the $850 million Sharding-focused blockchain project Zilliqa.

As such, Ethereum has ‘won the race’ when it comes to becoming the leading smart contract platform out there, as Rooke explains:

“How do you get developers when you don’t have anyone using your platform? How do you get using your platform when you don’t have developers who are going to build that underlying infrastructure to make it easy to launch applications? In some ways, money can kickstart the process but in crypto today, everyone has money, including Ethereum, so that cancels out the competitive advantage.
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