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Learning & News => News related to Crypto => Topic started by: coinhunter on November 10, 2017, 01:08:46 PM

Title: 26,000 blockchain projects launched in 2016, 92 percent are now dead
Post by: coinhunter on November 10, 2017, 01:08:46 PM
Consulting heavyweight Deloitte claims that over 26,000 new blockchain-based projects were launched on GitHub in 2016.


According to Deloitte, the majority of the projects, however, have become inactive in the long run and only eight percent are active so far.

Quote
The stark reality of open-source projects is that most are abandoned or do not achieve meaningful scale. Unfortunately, blockchain is not immune to this reality. Our analysis found that only eight percent of projects are active, which we define as being updated at least once in the last six months.

Based on the said report, the leading cryptocurrency Bitcoin has unsurprisingly posted the most number of activities, with 627 total contributors and almost 12,000 followers. Go Ethereum (Geth), meanwhile, has attracted 149 contributors, as well as 5,603 followers so far. Geth is a software client that is maintained by the nonprofit group Ethereum Foundation.



https://thenextweb.com/hardfork/2017/11/09/deloitte-blockchain-26000-projects/
Title: Re: 26,000 blockchain projects launched in 2016, 92 percent are now dead
Post by: Femhabe on November 11, 2017, 12:23:13 AM
Infact it is not a surprise that most of these projects are dead and even more this year 2017 would record more than that and most will also fail due to one of these reasons developers greediness, no possible use case, too much hype or non legit project. These reason are what causes the failure of most of them.
Title: Re: 26,000 blockchain projects launched in 2016, 92 percent are now dead
Post by: goodbuybitcoin on November 12, 2017, 10:56:49 AM
Quote from: Femhabe on November 11, 2017, 12:23:13 AM
Infact it is not a surprise that most of these projects are dead and even more this year 2017 would record more than that and most will also fail due to one of these reasons developers greediness, no possible use case, too much hype or non legit project. These reason are what causes the failure of most of them.

Now the currency in the trend and a lot of scammers want to make money on it. And so they create projects that eventually die. At the same time because of such actions fraudsters there are a lot of deceived people
Title: Re: 26,000 blockchain projects launched in 2016, 92 percent are now dead
Post by: ZionRTZ on November 13, 2017, 03:45:06 PM
It's a good thing that ICO's have been regulated by some countries. Hopefully this will reduce scam projects.