Ethereum
$174.61 -3.61%
ETH · 4w

Coinbase-Backed ConsenSys Alumnus Aims to Build GitHub for Web3 Dapps

Although most developers use GitHub to organize and share open-source code, funds like Coinbase Ventures, Distributed Global and Digital Currency Group are betting on a crypto-native alternative.

Former ConsenSys token guru Harrison Hines is now CEO of his own startup, Terminal, which closed a $3.7 million seed round in late 2018 for a developer hub specifically built for decentralized apps (dapps). The hub quietly went live over the summer and is undergoing a soft launch this week.

Unlike the Microsoft-owned GitHub, which requires a quick workaround in order to use smart contracts, Hines told CoinDesk Web3 developers will be able to deploy software directly from the Terminal platform. Projects like MakerDAO stablecoin loans rely on smart contracts (software that automatically executes business logic) to safeguard hundreds of millions of dollars worth of cryptocurrency.

Related: BitPay Now Lets Merchants Accept Ethereum’s Cryptocurrency

“For a large ecosystem like MakerDAO with tons of smart contracts live, Terminal allows us to curate starting points for developers tailored exactly for their needs,” MakerDAO engineer Vamsi Alluri told CoinDesk.

Terminal CTO Janison Sivarajah told CoinDesk this platform was designed for Web3, the shorthand for an internet populated by applications that aren’t hosted or controlled by a single entity.

“Once that smart contract is actually deployed on the blockchain, it is a live object that lives on one of these decentralized protocols,” Sivarajah said. “People need an interface to surface them, view data about them and interact with them. You can’t do that on GitHub.”

Terminal also offers limited node services, for free, and direct conduits to external infrastructure providers like Infura or BlockCypher.

Related: ConsenSys Announces Codefi Project to Boost DeFi Adoption

Stepping back, ethereum fans generally use “infrastructure” to mean an external party running nodes...

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