The Open Source World Is Worth Billions
The Linux Foundation released a white paper titled “A $5 Billion Value: Estimating the Total Development Cost of Linux Foundation’s Collaborative Projects,” which estimates the value of the open source Linux code (and its collaborations) to be worth US$5 billion. Open source has come a long way in recent times. Since 2008, the organization has injected new innovative standards into the technology market. The latest paper, published on September 30, is co-authored by Linux Software Engineer, Jeff Licquia, and Chief Marketing Officer, Amanda McPherson. It analyzes this propagation of open....
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"If you can, you should." Never has this phrase been more applicable than in the realm of open source technology. For those not in the know, "open source" refers to any code or blueprint that has been deliberately made available for reproduction-basically, one not subject to copyright restrictions. Bitcoin, of course, is a prime example. It sounds simple, but the effects of open source technology are quite profound. Advocates love to talk about freedom and creativity, but the greatest aspect of the open source community is how efficient it is. Everyone can see exactly how an open source....
The Bitcoin network has been supporting the Open Execution principle for quite some time now, as services owners can’t run away with people’s bitcoins, and no one else can use your coins and send them to somebody else. Moreover, no additional money can be created out of thin air. Open source software is part of the nature of digital currency and blockchain technology, as these solutions belong to everybody in the world who wants to embrace them. But some people have started to look beyond open source, and the term Open Execution is starting to pop up more often. But what does this new term....
Bitcoin, an open-source monetary system, can supercharge open-source development projects and vice versa.
Bitcoin and Ethereum fell 15% and 20%, respectively, in one day, but why so much and so quickly? The price of Bitcoin (BTC) and Ether (ETH) fell by 15% and 20%, respectively, on April 23 as the cryptocurrency market became engulfed in a major correction. Five factors likely caused the price of Bitcoin and Ethereum to steeply drop in a single day include mass liquidation, an overheated futures market, the decline of Kimchi premium, whales selling, and Biden tax concerns. Overcrowded futures market sees $4B worth of liquidations On April 23, in a 24-hour span, the cryptocurrency market saw....
One of Bitcoin's most important security features, a crucial property that makes the system trustless, is its open source nature. Because Bitcoin’s code is open source, anyone able to read code can check for themselves whether it does what it's supposed to do. Plus, as per Linus's Law: Given enough eyeballs, all bugs are shallow. But open source code doesn't necessarily eliminate all risk. Users still need to trust that the software they run on their computers actually reflects the open source code as it should. To eliminate this risk, Bitcoin developers have developed a fierce security....