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Ethereum is the Platform of Choice for Blockchain Devs, Says DevQuarterly Report

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A recent report by DevQuarterly revealed that the Ethereum blockchain network is a favorite for about 62.05 percent of Blockchain developer agencies. The report also stated that micro and small dev agencies dominate the blockchain developer landscape. 

Ethereum Holds the Lion Share of Blockchain Dev Activity

According to a quarterly report by the analytics developer platform DevQuarterly, there has been a steady growth in the number of blockchain developers. The market research showed that Ethereum’s Solidity remains the first choice for most blockchain developer agencies.

An excerpt from the report reads: 

“The most popular platform of choice is clearly Ethereum with its pioneer smart contract language Solidity, but Stellar is also a favorable public platform. In the private blockchain and distributed ledger category Hyperledger is the number one followed by Corda. The other category encapsulates all the other smart contract capable cryptocurrencies such as NEO, EOS, or Tron.”

Also, the statistics showed that almost 60 percent of micro and small development agencies were populated with blockchain developers. Meanwhile, about 44 percent of medium to large scale dev companies had blockchain developers. 

The research further disclosed the earnings of blockchain developers per hour across 14 countries. Data revealed that Ireland, Canada, and the United States were the top three countries, while Ukraine, Belarus, and Uruguay ranked lowest. 

Furthermore, India has the highest number of blockchain devs working at developer agencies with 9,167, followed by the U.S. with 7,900 and the U.K coming third with 2,715. On the other hand, New Zealand, Iran, and Hungary have the lowest numbers of blockchain devs with nine, four, and four respectively.

DevQuarterly quarterly report echoes similar findings by ConsenSys back in 2019. At the time, the U.S. and India ranked highest in terms of blockchain developers hirings. Blockchain jobs have also been on the rise since 2018.

The Race for Blockchain Supremacy

Away from the crypto space and price performance, several design groups both public and private are looking to leverage blockchain technology in creating solutions for a diverse array of global business processes.

In China, there is a proposal to create a National Blockchain Fund which aims at supporting the growth and development of local blockchain startups. The country launched its blockchain-based service network (BSN) back in April 2020, with IOST joining as a developer. 

According to a report by BTCManager earlier in May 2020, the South Korean government was looking to pump $400 million into blockchain research and development. 

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Source: https://btcmanager.com/ethereum-platform-blockchain-devs-devquarterly-report/

Blockchain

Chainalysis Raises Additional $14 Million in Series B Funding Round

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Chainalysis, a blockchain analysis company, has raised $13 million in the latest version of its Series B funding round, totaling to $49 million for this entire round overall, a press release notes.

This latest earn was funding by Ribbit Capital and Sound Ventures. The previous $36 million was from groups like Accel and Benchmark from last year.

On top of this, the General Partner at Ribbit Capital, Sigal Mandelker, will now be an advisor to Chainalysis. Mandelker also has experience as an Under Secretary for Terrorism and Financial Intelligence at the U.S. Department of the Treasury.

This experience will be especially useful because Chainalysis is planning to expand its focus on the governmental side of crypto. “When law enforcement and regulators become comfortable with cryptocurrency, exchanges are able to grow and financial institutions can enter the ecosystem safely and responsibly,” the release notes.

Chainalysis has showcased this interest before with products like its Chainalysis Reactor, which provides “insights into how and why people move money across the world and growing revenue from new government customers by almost 400%.”

Speaking on the matter is Michael Gronager, the CEO and co-founder of Chainalysis, who said:

“Chainalysis is founded on the belief that providing data insights into cryptocurrency activity will unite government agencies, exchanges, and financial institutions to fuel the industry’s growth. Ribbit Capital’s deep fintech, cryptocurrency, and government experience and Sound Venture’s commitment to creating safer digital environments through enterprise software make them natural partners as we continue our high-growth trajectory and global expansion.”

Source: https://insidebitcoins.com/news/chainalysis-raises-additional-14-million-in-series-b-funding-round

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Justin Sun’s BitTorrent Introduces Binance USD (BUSD) As A Payment Option

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BitTorrent Inc users can now purchase goods and memberships on the platform with the USD-backed stablecoin of the leading cryptocurrency exchange Binance – BUSD.

BUSD And BNB Changes On BitTorrent

In a press release shared with CryptoPotato earlier today, the popular decentralized peer-to-peer company announced the introduction of the newest cryptocurrency asset on its platform – Binance’s USD-backed stablecoin (BUSD).

This becomes possible with the assistance of the integrated payment gateway provider for cryptocurrencies – CoinPayments.net. Consequently, BUSD becomes the sixth digital assets accepted by BitTorrent. The previous ones were BTC, OKB, TRX, BTT, and Binance’s first native digital asset – Binance Coin (BNB).

According to the statement, BUSD users are eligible to purchase subscriptions of BitTorrent or µTorrent Classic products. Those include the Pro version, providing enhanced malware protection, no advertisements, an HD media player, file conversion, and premium customer support.

Apart from the addition of BUSD, the announcement informed that BitTorrent and uTorrent will replace the ERC-20 version of BNB with “the faster and more liquid” BEP2 as a payment option. The replacement occurs following the recently announced adoption of Binance Chain by CoinPayments.net and is “expected to improve the experience for BNB users when subscribing for Classic Pro.”

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BUSD’s Efficiency

Binance Chief Compliance Officer Samuel Lim commented on the news, saying that BUSD, being an NYDFS regulated stablecoin, is the proper payment tool for BitTorrent. Additionally, he believes that this will help the stablecoin keep growing in use cases and adoption within the industry.

Lim added that “holding stable value and built for convenient global transfers, stablecoins like BUSD will become the preferred choice of payments in the near future.”

“Today, we are pleased to accept BUSD as another digital payment option for Classic Pro for both BitTorrent and µTorrent users. By using BUSD or our other supported cryptocurrencies, millions of customers can unlock the powerful features such as malware protection from our popular desktop torrent clients.” – noted BitTorrent and TRON CEO Justin Sun.

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Source: https://cryptopotato.com/justin-suns-bittorrent-introduces-binance-usd-busd-as-a-payment-option/

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æ​ternity Reveals Six Chinese Projects in Progress on Its Platform

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æternity, a “public, open-source blockchain protocol for decentralized applications,” has revealed six Chinese projects built on its platform, meaning that blockchain adoption is well on its way in the Asian region.

These projects, according to a press release, are:

  • AEKnow.org, an æternity blockchain explorer.
  • AEKnow.chain, an æternity-based decentralized data and value exchange network.
  • Aechina.io, an æternity-based integrated information station.
  • WeTrue.io, a decentralized application (æpp) for social broadcasting and messaging.
  • Aeasy.io, which helps developers seamlessly complete æpp development projects.
  • Aens.io, an open-source domain management tool, which will soon add smart contracts.

Speaking on the matter is the founder of æternity, Yanislav Malahov, who said:

“Over the past few years, China has become an epicenter for blockchain development and innovation, one that æternity could not ignore. These new æternity-based applications show that our blockchain protocol meets the needs of some of today’s top developers. We are excited to witness the Chinese market’s growing interest in æternity, and welcome these new projects to the ever-expanding æternity ecosystem.”

On top of this, æternity has a Crypto Foundation – a nonprofit that allows projects being built on blockchain to receive funding and advisory support, among other help.

Source: https://insidebitcoins.com/news/ae%e2%80%8bternity-reveals-six-chinese-projects-in-progress-on-its-platform

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