Expert: Part of Ripple code was written in Armenia
“Many blockchain developers work in Armenia, however interest in the industry as a whole is declining,” concludes Vigen Arushanyan, the President of the Armenian Blockchain of Nooor Association, in an interview for LetKnow.News.
“Interest in the
blockchain, as, probably, everywhere, undeservedly, but slightly fell. It was largely due to the fact that people often view blockchain and cryptocurrencies from a single perspective, and their attitude to the blockchain reflects the situation on the crypto assets market. Of course, a huge number of dummy projects also contributed. Hype has passed, euphoria, too, and now it’s a period of disappointment,” the expert says.
At the same time, it has led to the fact that those who intend to engage seriously and develop the technology for years to come - those are still on the market, developers among others.
“As for the quality of coding in Armenia, I’ll just say that regardless of technology, the quality of work of our developers is well known throughout the world. I’ll confirm my answer with an example: part of the Ripple code was written here by local specialists,” he added.
It is worth noting that blockchain and
mining are actively developing in Armenia. It’s happening, in particular, due to the fact that there is a special economic zone in the country.
As a result, the Armenian Multi Group and Omnia Tech international company launched in Yerevan one of the largest mining farms in the world worth $50 million.
Another aspect of this country worth mentioning is gender equality in industry. Armenia leads in the number of women in the blockchain area.