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Chainlink’s Developer Activity Hits New All-Time High: Analysis

Stefan by Stefan
16/08/2020
in ChainLink News
Reading Time: 2 mins read
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Chainlink’s developer activity hits a new all-time high again as they recorded the mode code “commits” in the past 12 months according to the data that we have from GitHub today in our Chainlink coin news today.

The activity underlines the strong performance of the asset in 2020 with a plethora of partnerships across multiple companies and receiving support from international agencies such as the World Economic Forum. The developers maintaining Chainlink which is known for its strong community online, have conducted the highest activity on the protocol’s code over the past year as per the data on the GitHub software hosting platform.

Its official Chainlink $LINK is the KING of Crypto. 1st place in terms of Github developer commits over the last 12 months! pic.twitter.com/7VkqXgdYSs

— Ray Hatten (@RayHattenCrypto) August 14, 2020

The GitHub page of the project shows 11,588 total commits or changes that were made to the source code. There are more than 54 contributors while the computer language GO made about 50% of the code. At press time, there are about 16 open issues developers are now working on in two projects. Chainlink’s developer activity implies that a project is quite alive and maintained compared to the rest of the “deadcoins” and abandoned projects on the market. As per the tracking site Deadcoins, there are more than 1050 projects which are deceased as a sign of no developer activity.

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link price
Source: Tradingview

Chainlink is a blockchain agnostic tool and a decentralized provider that fetches real-world data for smart contracts on the blockchain. LINK is a digital asset token which is used to pay for the services on the network. This fills the gap in the broader crypto industry in terms of interoperability and true decentralization. Blockchains can store data and not verify the authenticity for accuracy which is why Oracle services do this.

Chainlink with its strong developer activity shows that it is leading in this regard. The oracle solution powers the decentralized exchanges, blockchain gaming platforms, and the digital identity services. In the meantime, LINK hit an all-time high earlier this week and the token hit $19.50 according to the data that we have in our chain link news. It is up from $7 last month with a return of more than 178% to investors at that time. With the strong code commits, Chainlink holders are thrilled which could lead to a token price increase again.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Tags: all-time highchainlinkchainlink pricechainlink's developer activitydeveloper activityfeaturedlink priceprice analysis
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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