5 reasons why developers are building on Cudos

Blockchain meets cloud and it’s a powerful combo

Setting the developer scene

Web3 developers are at an all-time high and skyrocketing faster than ever.

We’re quoting these stats by Electric Capital just to put this astronomical growth into perspective:

• 18,000+ monthly active developers commit code in open source crypto and Web3 projects
• 65% of active developers in Web3 joined in 2021; 45% of full-time developers in Web3 joined in 2021
• 34,000+ new developers committed code in 2021 — the highest in history
• 20%+ of new Web3 developers joined the Ethereum ecosystem

2021 can be officially declared the ‘Year of Crypto’: billions of dollars flowed into the crypto space and thousands of developers made the transition to Web3.

How exactly do developers commit code to build projects in this space? Two programming languages, Solidity and Rust, are gaining rapid adoption. For some context, Solidity is used to code on Ethereum and Rust is used on other chains such as Solana, Polkadot and Cosmos.

Out of the two, Solidity is the most popular language, likely due to Ethereum having the largest smart contract ecosystem. Despite this, Rust is a strong contender which appears to be attracting a lot of capital, as depicted in the below graph. Crucially, if you are a Rust…