city Electric blockchain Ethereum Adoption Developers Dapps city Electric

Web3 needs its ‘WordPress moment’ to speed up positive disruption

Reading now: 924

Blockchain development has come a long way since the introduction of Bitcoin (BTC), the leading cryptocurrency and the first successful application of blockchain technology.

The introduction of smart contracts by the Ethereum blockchain gave birth to potential use cases for blockchain both within and beyond the finance world.Thanks to the fast, immutable and decentralized nature of blockchain, independent developers and industry giants from all sectors flocked to understand the dynamics of this new technology by creating myriad decentralized applications (DApps).

Over the years, blockchain-based apps and services have paved the way for disruption in many sectors, with examples like instant cross-border payments, digital identity, play-to-earn games, nonfungible tokens (NFTs) and even supply chain management systems.The developer ecosystem saw an uptick with the introduction of new and different blockchains, irrespective of crypto market conditions at any given time.

A recent report by Electric Capital revealed that full-time Web3 developers at GitHub increased by over 15% between December 2021 and December 2022, coinciding with arguably the worst crypto meltdowns of the past year.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News