06Jun

Rust is being saved.

A consortium of Microsoft, Amazon Web Services, Huawei, Mozilla and Google last week launched the Rust Foundation committing $2 million to sustain the organization.

If you’re wondering why anyone would want to do that, you’re obviously not an IT professional or a gamer.

Rust is a programming language so beloved by developers that for years they’ve overwhelmingly rated it ahead of all other languages like Python, Typescript and C# on Stack Overflow’s annual “Most Loved, Most Dreaded” survey.

Despite the thousands of volunteers who contribute to the open-source project, when Mozilla, its sponsor, began laying off staff last year Rust’s future was endangered. Mozilla, best known for its Firefox browser, began developing Rust a decade ago, says Techcrunch, as an alternative to C/C++ to improve Firefox performance.

Since getting a public release in 2015 Rust has been widely adopted by organizations worldwide, including such groups as Dropbox, Postmates and the New Zealand Fire Service.

“Mozilla incubated Rust to build a better Firefox and contribute to a better Internet,” said Bobby Holley, Mozilla and Rust Foundation Board member. “In its new home with the Rust Foundation, Rust will have the room to grow into its own success, while continuing to amplify some of the core values that Mozilla shares with the Rust community.”

In a blog post about the new foundation, its interim executive director Ashley Williams described Rust as a “a barrier-breaking technology — deconstructing previously assumed-immovable tradeoffs and binary oppositions.”

But more than just a programming language, she says, “Rust’s product is the experience of being a Rust developer… One of the most powerful driving forces of the Rust project is the simultaneous belief in the power of systems programming and the commitment to ensuring that such power is wieldable by everyone.”

In its report, Techcrunch said each of the sponsors uses Rust in developing or rebuilding “core aspects of some of their stacks.” Microsoft recently formed a Rust team. Google is funding a project to improve the Apache webserver using Rust.

Photo by Max Duzij

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Green Key

Cryptocurrency’s Developer Gold Rush

The hottest new industry for software developers is one they last flocked to in 2017 — cryptocurrency.

Citing a report by the crypto VC firm Electric Capital, Bloomberg says the number of new tech professionals going to work for cryptocurrency startups and taking on decentralized finance (DeFi) projects has been increasing at the rate of 15% per month since January. That’s about 13,600 new developers joining the crypto sector through October, according to Electric’s numbers.

Bloomberg reports that 80% of all active developers began their work in just the last two years.

Overall, however, the number of software developers working in cryptocurrency has stayed flat. Electric says the incoming professionals have gone to work mostly for the top 200 ecosystems. Outside those 200, there’s been a 30% exodus since December 2018.

The total pool of active crypto developers is about 9,000 a month, according to the report.

Yahoo Finance explains that “The [Electric Capital] report tracks ecosystems by blockchain. In other words, a Bitcoin developer is counted toward Bitcoin even if the person is working on its Lightning Network or any of its wallets.”

That developers are joining the top ecosystems and leaving those at the bottom is, Bloomberg says, “one of the best barometers of a project’s promise and health.”

Maria Shen, a partner at Electric, told Bloomberg, “Developers are one of the signals of quality in a crypto ecosystem.”

The big winner, she says, is Ethereum. With more than 300 developers a month joining the organization, Shen told Yahoo, “Ethereum has continuously grown through Crypto Winter.”

Electric’s survey of publicly available code documentation on GitHub and GitLab and elsewhere shows Ethereum had about 2,300 developers working monthly in the third quarter of the year. It’s closest competitor, Bitcoin, had 400.

Meanwhile, the report says the average monthly number of developers working on DeFi projects grew 67% since January. (Wikipedia defines DeFi as “an experimental form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks, and instead utilizes smart contracts on blockchains.”

Ken Deeter, an Electric Capital partner, suggested to Coindesk that developer interest in DeFi could be partially attributed to developers from fintech frustrated by what they can’t do there.

“DeFi is a really interesting area … where there’s an ability for developers to really experiment in a way that in the traditional financial system is difficult to do.”

Photo by Nick Chong on Unsplash

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Green Key