Bitcoin Developer Activity Hits All-Time High Ahead of Halving

In the weeks leading up to Bitcoin’s halving, developers have committed more code to the cryptocurrency than ever before, according to available data.

In April of this year, Bitcoin Core had a total of 510 commits, more than in any other month since BTC was launched. A commit means code is uploaded to GitHub, a popular website for hosting open-source coding projects. Bitcoin Core’s code is hosted there.

Only a few other months in the flagship cryptocurrency’s history have come close to 500 commits. These were April 2018, and October and November 2019. Bitcoin Core, it’s worth noting, it’s the most common software used to run the Bitcoin blockchain. It was originally published by Bitcoin creator Satoshi Nakamoto.

bitcoin commits over time

Most experienced developers can contribute to the Bitcoin Core cod, and data from GitGitLog shows that over the cryptocurrency’s 10-year history 830 developers have contributed. There are currently, however, 56 active developers.

Bitcoin Core’s development is partly funded by the MIT’s Digital Currency Initiative and by some companies in the sector that fund full-time developers. These include BitMEX, Square crypto, OKCoin, Bitfinex, Chaincode Labs, and others.

It’s unclear why the number of commits hit a new all-time high ahead last month, although on Reddit users have speculated either programmers are “lacking distractions” because of the coronavirus-induced lockdowns, or developers are working on the code ahead of the halving.

One Redditor pointed out most of the commits were fixing tools that make it easier to test, and “tidying up sections of code that are a little messy or inefficient.”

By: Francisco Memoria

Featured image via Pixabay.

Source: CryptoGlobe

Please follow my Instagram: http://instagram.com/arminhamidian67

The last time #Bitcoin had 7 green weekly candles it pumped over 160%!! With $BTC so close to the halving many, skeptics expect a non-event or even a huge dump this time around. #BTC hashrate briefly smashes all time high, crypto on “Billions” tv show, news, and more! 🔶 ByBit Tutorial: https://youtu.be/W6-VCxNUD0g 🔷 Phemex Tutorial: https://youtu.be/jpIk167Af2g 🔥 Ledger Nano X Tutorial: https://youtu.be/zShw2X5lRhs ⏰ *Timestamps:* 2:30 Analysis 〽️ 4:30 Major dump possible? 5:40 Bullish scenario 8:20 $BTC on TV 11:27 🔥 Ledger Nano S Winner 🔥 Follow me on Twitter ►► http://twitter.com/TheCryptoZombie DISCLAIMER: I am not a financial advisor. This is not financial advice. This is just my opinion. Always do your own research before investing. I am not responsible for your trades… BITCOIN FLASHES SUPER BUY SIGNAL!!! $10,450 NEXT!? BTC OVER $20k THIS YEAR!!! https://youtu.be/Uwi2Z9h98dQ Watch this video again because it’s awesome: https://youtu.be/BJnxDr5N4s4 #BitcoinNews #cryptocurrency #altcoins #blockchain #cryptozombie #crypto #btc #bch #bsv #ethereum #eth #ripple #xrp $BTC $ETH $XRP

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.