The global blockchain landscape is looking really good ahead of BTP’s launch.
Cointelegraph reported Thursday:
“The Ethereum ecosystem still has far more developers than rival networks, but they are catching up with a faster rate of growth.
Ethereum competitors such as Polkadot, Solana, and Binance Smart Chain are growing faster in terms of development activity according to crypto research firm Electric Capital which released its findings on the blockchain development ecosystem in a new report on Jan. 6.”
According to the report, while Ethereum has 4,000 monthly active open-source developers, Polkadot has around 1,500 developers in total.
Electric Capital wrote, “Polkadot, Solana, NEAR, BSC, Avalanche, and Terra are growing faster than Ethereum did at similar points in its history.”
Polkadot, BSC, NEAR… all of them are BTP partners. Which means the more those developer ecosystems grow, the better it is for ICON.
As developer, accelerator and ICON P-Rep MouseBelt tweeted:
“We’ve known the ETH ecosystem has more of a robust developer community than other networks. But $DOT, $BSC, $NEAR are catching up. Looks like timing is everything.”
Indeed.
Meanwhile, the ICON Foundation aims to complete the following updates to BTP in January:
- Begin research on gas reduction under a trustless bridge model
- Deploy token migration contracts to MoonRiver testnet and ICON’s Berlin testnet for testing.
- Deploy contracts to Moonriver and ICON mainnet if gas consumption problem is successfully resolved.
- Complete NEAR integration into the Nexus portal.
- More partner integrations (TBA)
- Starting dApp-to-dApp integrations to showcase real-world use cases for cross-chain transfers.
While the ICON Foundation works on that, The Iconist strongly encourages readers to check out FOMOmental’s recent “short” article (Medium says it’s a 10 minute read) on the importance of BTP and how it works.
Read the whole thing. This is just a sample:
“BTP is a full-service protocol, all networks with BTP contracts deployed will immediately recognize the benefits without needing their own relay network. As BTP is a protocol that can verify and deliver messages between chains, BTP’s utility can go beyond the use case of aiding bridges in token transfer and can be used to verify and deliver messages of data across chains, creating the opportunity for oracles to build upon the protocol, further enhancing the use case of the BTP.”
