Ethereum Is Gearing Up For One Million Developers; What Are The Possibilities?

“Ethereum Is A Technological Dead End” That Will Ultimately “Die”_ Samson Mow, CSO Blockstream

The co-founder of Ethereum, Joseph Lubin has proposed a new milestone for the community of Ethereum developers amidst the ongoing Ethereum 2.0 controversy. At the fifth Ethereum annual developer meetup Devcon, which is currently taking place at Japan Osaka, Lubin revealed his “one million developers” mission which he hopes developers can achieve on or before the sixth Devcon meetup.

Noting that there are more than 30 million developers worldwide, Lubin believes that the current number of active Ethereum developers which is an estimated number of 200,000 could go higher by 600,000 before the end of 2020.

However, the possibility of this is largely being questioned by Twitter users who believe that the mission could face limitations due to the fact that Ethereum dApps in comparison to its competitors have very little real use cases. 

In fact, recently released its statistics on the performance of Dapps for the third quarter of 2019 and Ethereum Dapps seemed to have underperformed compared to the second quarter of the year.

On the other hand, decentralized financial applications (DeFi) on the Ethereum network contributed 88% (132,000 users) in the third quarter of 2019 making a whopping total of 525 million in growth in Q3.


Meanwhile, Ethereum developers worldwide have been on their toes as they strive to bring the Ethereum 2.0 project to life. The upgrade which intends to solve most issues facing the Ethereum network such as mining, security, scalability, and proof of stake has received a lot of criticism from the entire cryptocurrency community, especially after the founders revealed that “Ethereum was never built for scalability”.

Most recently, Peter Todd, a former Bitcoin developer took to twitter to echo the thoughts of other critics who believe that Ethereum’s problems of scalability were ignored as the founders advertised it as scalable until recently.

While the roadmap on how Ethereum 2.0, the new version of the network’s Blockchain will solve the problems of scalability is still being debated, Vitalik Buterin has assured that there are many proposals currently being considered and the goal of Ethereum 2.0 will eventually come to actualization.

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The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.