The code deposit is missing in big projects like Bitcoin Cash

The code deposit is missing in big projects like Bitcoin Cash

One of the criteria for evaluating crypto projects is the corresponding code repository stored on GitHub. In general, before launching the project, the code repository records the supported activity.

However, an analysis by Coindecap reveals that 32% of the projects launched last year did not even publish a single line of code in 2019.

Coindecap analyzed over 2000 crypto projects, of which 640 were found to be completely inactive this year. The figure is not surprising given that few projects manage to achieve their stated goals. However, it is an alarm signal for investors in ICOs, demonstrating the lack of interest of developers.

“The crypto scene is full of lies and empty promises. We need to improve this ecosystem by eliminating projects that do not fulfill the promises made to investors ”,

said Coincodecap representatives.

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Coincodecap analysis, which links the trading of tokens with code developments, reveals that assets belonging to inactive projects have a market capitalization of $ 415 million. The biggest inactive project, for example, was Proton Token, which has not released new code in 2018.

The code repository is also missing for large projects

One of the reasons for the reduced activity is that creating a new blockchain project can be relatively straightforward, especially if the token is built on the Ethereum network. Several projects have promised to launch their own blockchains in the past, but few have fulfilled their promise to create a new network.

Even the active projects slowed down their activity. Large currencies such as Bitcoin Cash (BCH) and Monero (XMR) have slowed their growth rate. Previous champions Komodo (KMD) and Lisk (LSK) have slowed production.

Inactive projects are mostly listed on relatively low exchange platforms. Most used seems to be YoBit, which hosts 62 tokens that have no line of code written in 2019.

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The slowdown in production coincided with the decrease in ETH value and the decrease in interest for others. Many of the projects could no longer meet their development requirements due to falling prices on the crypto market.


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