In the last quarter of 2019, Hyperledger’s Fabric open source blockchain software saw more developer activity than R3’s Corda platform. Blockchain service firm Chainstack recently published a report about developer activity on six major enterprise blockchains, showing that Fabric has overtaken Corda in regard to dev activity on its repository. A chart included in the report shows that Fabric developer activity exceeded Corda’s in Q4 2019.
The surge in Fabric developer activity closely followed the project’s transition from the code management tool Gerrit to the more popular GitHub in November 2019. Chainstack states that all the other enterprise blockchain projects included in the chart used GitHub from their inception. Reported data shows that there are 17,561 unique developers working on Fabric, while 5,678 are developing Corda.
At the same time, Corda developers made more than two times as many code contributions at 30,382 to Fabric’s 12,439. Chainstack also observed that Fabric consistently has the lowest average amount of pushes per developer. Corda, on the other hand, has a group of dedicated contributors that push new code full-time. The report also shows that Corda, Fabric and Quorum — an Ethereum fork for businesses — account for 86% of the total number of unique developers that pushed code in the space. Furthermore, Quorum has seen a twofold increase in the average number of contributors from mid-2018 and all through 2019. Overall, the report concludes:
“Based on the six protocols analyzed for this report, we can see that the number of developers contributing to the largest portion of the enterprise blockchain market has multiplied by 12 in the past three years, demonstrating a strong commercial interest. It is also clear to see that activity […] in this part of the enterprise blockchain landscape has reached a degree of stability.”
As major firms start to apply blockchain technology to various aspects of their business models, interest in enterprise blockchain platforms is increasing as it allows non-blockchain oriented firms to contract out the development of their platform, rather than make their own “in house.” Recently, Spanish telecommunications giant Telefonica has reportedly partnered with the local Association of Science and Technology Parks to grant access to its Hyperledger-based blockchain to about 8,000 firms in Spain. In mid-December 2019, multinational IT services giant Tata Consultancy Services launched a kit to speed-up the development of blockchain apps. The tool supports Hyperledger, Ripple, Corda and Ethereum protocols.
3 Big Blockchain Firms Working Together On A DeFi Product That Pays Passive Income
In a special announcement made at the Unitize conference on July 6, Cosmos, Polkadot, and Terra revealed a new DeFi savings product called Anchor that aims to offer dependable interest rates on stablecoins deposits. The companies involved in the creation of Anchor plan to launch it across their respective blockchains at the end of Q3 this year and scale across to other PoS blockchains in the future. Do Kwon, founder and CEO of Terra, explained in a prepared statement:
“While DeFi staples such as Maker and Compound have been revolutionary in creating fully decentralized crypto money markets, the volatility of their interest rates makes them unsuitable to be used as a household savings product. DeFi mass adoption needs the creation of a fully decentralized savings account that offers dependable APR.”
Anchor’s smart contracts receive stablecoin deposits and use a portion of them to acquire staking positions on compatible Proof of Stake blockchains. Users will receive their passive income from these staking rewards. The initial governance for this platform will come from the Interchain Asset Association (IAA), a newly formed organization that sees Zaki Manian of Cosmos, Jack Platts of the Web3 Foundation, and Do Kwon of Terraform Labs collectively steering the ship.
Telegram Is Set To Shut Down The TON Testnet By August 2020
Although Telegram has terminated its blockchain project, Telegram Open Network (TON), in May 2020, the TON test net has been apparently running for almost one year. In a July 6 update, the official TON development group on Telegram announced that it would be discontinuing its support of the test network for TON. Remaining TON validators will be turned off by August 1. In the post, the TON official recommended network participants save all their relevant data and stop their testing processes. Despite the testnet being set to shut down less than a month from now, network participants will still be able to continue their experimentation after the testnet is terminated. In order to do that, users can install their own testnet validators, described in greater detail in three different how-to documents containing guidelines for the Full Node, the Validator, and Test Grams.
Telegram launched the TON testnet for explorer and node software on Sept. 6, 2019. In anticipation of its scheduled Oct. 31 launch last year, the company released an alpha version of an iOS wallet to work with its native token, the Gram. But Telegram’s TON plans were never fully realized, as the United States Securities and Exchange Commission suddenly deemed Telegram’s $1.7 billion ICO illegal in mid-October. After a long-running legal battle with U.S. regulators, Telegram agreed to shut down its TON project, as well as return $1.2 billion to investors in line with a court-approved final settlement. As officially announced by Telegram CEO Pavel Durov, the firm had already reimbursed more than $1.2 billion by June 25.
Brock Pierce Enters The 2020 US Presidential Race
Brock Pierce, entrepreneur, crypto venture capitalist, and child star, has announced his USA Presidential run on Twitter July 5. His tweet stated: “
“I, Brock Pierce, am running for President of the United States of America.”
Pierce’s campaign site states that he is a pioneer digital currency and has raised more than $5 billion for the companies he has founded. Pierce is the Chairman of the Bitcoin Foundation and co-founder of EOS Alliance, Block.one, Blockchain Capital, Tether, and Mastercoin (first ICO). His website, sparse on details, does not say if he is seeking a nomination in a political party or if he is running as an Independent.