In my experience, yes, some libraries use camelCase, but not the most common one.
I personally recommend following the python standard (as defined in PEP008), the reason is very simple: everyone with a different programming language can "impose" their own code style, and this is quite dangerous, imagine a java fan and a php fan writing python code together ... may be interesting.
However, if there is already a proposed standard, why not follow it? I mean, in java everyone uses camelCase, why? but simply because it is an agreement.
Finally, you have cool tools like pylint that are configured by default to check the syntax of PEP008.
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