Cardano (ADA) was the most followed by developers in 2018 according to data from GitHub. Bitcoin, the king of cryptocurrency by market capitalization, is only in the 52nd place of this special ranking. Let’s see all the details together.
Cardano and Augur in the lead
By the end of 2018, a series of interesting statistics on the world of cryptocurrencies began to emerge.
One of these reports comes from CoinCodeCap , a website that records changes made to the native code of all cryptocurrencies. The report suggests how Cardano was the “most developed” cryptocurrency in the entire 2018.
Cardano received over 46,000 commits to its repositories containing the native code. This means that the code has been added or revised for 46,000 times.
The second most developed currency of the year, with around 22,000 commissions, was Augur , 47th in the CoinMarketCap ranking.
As well as being a repository of private or public repositories, GitHub is one of the most used Git version control services. The latter keeps track of changes in the software and allows the coordination of multiple developers working on the same project.
The most recent data from CoinCodeCap showed, as expected, that being the most valuable currency or the most frequent exchanges does not necessarily mean being the most developed.
The higher the commit number of a cryptocurrency, the more changes are made to the entire project. Each commit has a unique ID that allows developers to keep a transparent record of all changes made.
These changes are important because they reflect the amount of work done behind the scenes. This could have a huge impact on the value, especially in the long term. Cardano’s focus on development placed it as a worthy competitor to Ethereum in 2019.
Attention to “falsifications”
Gaurav Agrawal of CoinMonks stated that technological development should always precede value creation and adoption during the development of a coin.
Agrawal also pointed out that many cryptocurrencies follow this backward path, which is creating a problematic environment, full of volatility and speculation.
Although Cardano was the “most challenging” project of 2018, it lost around 95% of its market capitalization in the year just ended. A far greater loss than cryptocurrencies like Bitcoin, Ethereum and XRP.
In addition, Git commits are not always useful. Developers can repeatedly make insignificant changes just to inflate the number. These statistics are meaningful only if development teams use that function judiciously.