35% of Bitcoin Core Team Comes from US as Monthly Active Developers Fall in 2022

According to a report by NYDIG, a Bitcoin (BTC) investment company, 35.1% of the Bitcoin core development team lives in the United States, and the core team grows by 5 to 20 people per month.

Since the Bitcoin network launched in January 2009, countless developers have actively participated in updating, maintaining and enhancing the Bitcoin network. NYDIG’s report examines the technical development of this open source technology.

Development team size

According to the report, 13,057 unique developers have contributed to the broader bitcoin ecosystem, excluding those working on closed-source solutions. On the other hand, another 1,140 unique developers contributed to Bitcoin Core.

The average monthly number of active independent developers on Bitcoin Core varies between 40-60. For the broader ecosystem, the same number is between 600 and 1,000.

monthly active developersmonthly active developers

Changes in both numbers show a significant correlation with Bitcoin price cycles.

Demographics of the development team

While the identities of most developers are unknown, their geographic data is accessible.

NYDIG checked the location of each developer individually and revealed that the vast majority (35.1%) of them live in the US

Top 10 Positions for Bitcoin DevelopersTop 10 Positions for Bitcoin Developers

Germany and the Netherlands followed the US in second and third, with 13.3% and 8.9% respectively. The UK also ranked seventh with 3.2%, making it into the top ten.

The report also notes that the core developer team grows between 5 and 20 people per month, while the number of developers contributing to the broader ecosystem grows at a faster rate based on price changes.

The numbers also examine developer age data, showing that more than half of contributions come from developers who have joined since the 2017 bull run.

Early Development Team

Satoshi Nakamoto announced Bitcoin technology on October 31, 2008 by sending an email to a mailing list of cryptography enthusiasts called the “Cryptography Mailing List”. Bitcoin’s first public beta was released on January 8, 2009.

Satoshi mined the Genesis Block on January 12, 2009, and sent 10 bitcoins to computer scientist Hal Finney, who became part of the early development team. Over the next few years, numerous cryptocurrency enthusiasts joined the team, including Laszlo Hanyecz, who at the time bought two pizzas for 10,000 bitcoins.

Until the end of 2010, Satoshi Nakamoto was actively contributing and updating the code. After he distanced himself from the project, the project lead and GitHub admin roles were split among several others and changed hands every few years.

Bitcoin project lead and GitHub admin Bitcoin project lead and GitHub admin

Source of information: Compiled from CRYPTOSLATE by 0x Information.Copyright belongs to the author, without permission, may not be reproduced

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