Terra isn’t dead: the network is back up and running on a new blockchain, focusing on a more decentralized governance model. The community is making no attempts to revive its recently failed TerraUSD (UST) stablecoin. It has, however, re-launched a new version of the LUNA governance token, restarting its supply at 1,000,000,000 tokens. Here are the facts on the new blockchain, why it was launched, and the new token’s airdrop/ distribution. Background on Terra 2.0 Terra 2.0 (now known formally…
An industry, sector, or model is only as good as the infrastructure it is built on. The infrastructure acts as a backbone, a framework, guiding the industry and its participants through. As we have come to know them, most industries are built on a centralized, hierarchy-based infrastructure. They follow a top-down approach, wherein a few participants at the top are responsible for most of the lower-level management’s workings.
But then came the Internet and changed the face of it all.
What is Open-Source?
The advent of the Internet sparked the era of Open-Source collaboration. But what do we mean when we say “Open-Source”?
Well, the term can mean a lot of different things, but in general, when we say Open-Source, we mean that the source code of any particular project is open and free for all to use, download or alter. The Internet is an invention that is open-source at its core. Anyone with a telephone connection could connect to the internet, explore, makeup stuff, or copy stuff made by others. Since then, open-source technologies have gone on to revolutionize the way we go about our lives.
Blockchain, like the internet, is another technology that is open-source at its core. As the saying goes, the strength of a blockchain lies in the strength of its network. A network is a group of participants that contribute to the betterment of other participants in the group. Statistics show a high correlation between individual contributors to a particular network and that network’s success.
It’s All About the Contributors
You can tell a lot about the state of a blockchain project by the amount of activity on Github. Github is an online platform to share, update, and download open-source projects on the internet. Projects with lots of action and commits on GitHub are more likely to be in the midst of the building and updating their platform. A Github that’s populated only by lonesome tumbleweeds is a sign of a project that’s either not moving forward or is so perfect that it doesn’t require any more work — which is something of a rarity.
According to research published by CoinCodeCap, out of the 2000 blockchain projects analyzed, more than 960 did not see any activity on Github in 2019. This could very easily mean that many blockchain projects coming up do not see any traction. Therefore, the successful implementation of a blockchain project should ensure generous support from its members. In the end, it’s all about the contributors.
Open-Source Blockchain Projects with Most Contributors
Bitcoin was the first open-source blockchain project and quite easily the most successful one yet. But that doesn’t mean it has a dynamic internal community. Even though there have been many changes to the original bitcoin source code, it has been the same more or less. Numerous networks have a high score when it comes to community support. Let us look at some of the most contributed blockchain projects.
Aelf – Decentralized Computation Network
- Of Contributors: 36
- Of Commits: 5546
- Inception: 2017
- GitHub Activity: 669 watchers
- Highlights: Aelf is a blockchain computation platform that tries to solve the scalability challenge. Its problem with side chains is solved by using a Delegated Proof-of-Stake consensus system. The goal of Aelf is quite simple: try to solve the scalability problem and successfully implement a self-evolving network through delegated voting. This is one reason why the Aelf community is one of the most motivated networks in the sector.
LISK – Dapp Platform
- Of Contributors: 62
- Of Commits: 5459
- Inception: 2016
- GitHub Activity: 2683 watchers
- Highlights: Lisk (LSK) is a blockchain application platform established in early 2016. Competing against several app competitors such as Ethereum, Stellar, among others, Lisk has shown immense potential. Developer wise, the community of Lisk is stronger than the biggest dapp platform – Ethereum. Lisk’s idea of a blockchain network collides a lot with Ethereum and other dapp platforms, but the approach they look to achieve the goal sets them apart.
HOLO – DEX
- Of Contributors: 48
- Of Commits: 4827
- Inception: 2018
- GitHub Community: 872
- Highlights: Built on the native HoloChain blockchain network, HoloDEX is a decentralized alternative to centralized exchanges.
- Of Contributors: 100+
- Of Commits: 1828
- Inception: 2010
- GitHub Activity: 42599 watchers
- Highlights: Boasting the oldest, largest, and most loyal developer community, Bitcoin is easily the shining knight of the GitHub world. Ever since its inception in 2009, Bitcoin has seen a constant influx of contributions passionate about it. In the 10+ years of evolution, the Bitcoin community has been responsible for all changes and updates to the network.
Source: All Data compiled from CryptoMiso