Role of Open Source in Cryptocurrencies


Posted August 17, 2018 by zooeysmith45

Experts agree that the more often than preferred, the importance of Open Source Software in cryptocurrency is related to the background and its importance is reduced to a minuscule role.

 
Experts agree that the more often than preferred, the importance of Open Source Software in cryptocurrency is related to the background and its importance is reduced to a minuscule role. However, with the continuous efforts of a collective forum of experts and software programmers, the role that Open Source plays is steadily coming to the fore and making people aware of its actual importance and not just some passing fad which has always been around for everyone to freely access which used to be the notion. In fact, researchers in the field of open source in cryptocurrency agree that open source software programming has been a long fight to bring it out in the open and easily accessible.
History denotes that Open Source can be traced back to the 1970s when it the idea of it did not even exist and software development was restricted to almost secretive and controlled environments. Years ago, any potential source code leak was akin to the death of any software project, entailing major risks. However, as the years passed and Open Source became more prominent, the secrecy and hazards that were attached to software coding and programming have been significantly reduced and there is a considerable amount of transparency attached to it especially for people dealing with bitcoin and cryptocurrency wherein they can keep a tab on their cryptocurrency wallet or mining software and make sure that they are not compromising coins or carrying out anything illegal on one's computer or mobile devices.
According to research, it was the work of technology stalwarts like Richard Stallman, Dennis Richie, Bill Joy, Brian Kernighan who were responsible for paving the way towards a universal, open and transparent code source sharing system which slowly evolved to the Open Source software that is being witnessed in the last few years. Their contribution has been tremendous in the concept and development of cryptocurrency. Visit https://crypto.bi/tape/blog/open-source/ for more details.
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Crypto.bi is blog which offers an extensively researched article on the relevancy of Open Source Software in Cryptocurrencies and the history of it came about. It a website concentrated on the cryptocurrency trend.

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Last Updated August 17, 2018