Ripple plan to make its software open source on September 26
OpenCoin, the company behind the Ripple payment system, has announced that it should finally be made available via an open source license next week. Ripple, which features both a payment network and its own ripple currency (XRP), began circulating some of the 100bn pre-mined ripples earlier this year. Since then, OpenCoin has drawn considerable flak from the community for maintaining a closed-sourced approach with Ripple. However, the founders (who retained 20% of the entirely pre-mined currency for themselves) have consistently said that they planned to open source it at some point in the....
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Ripples owners, OpenCoin, have announced that they will make the payment system available on an open source license beginning September 26. The payment platform also has its own currency, some 100 billion of which have been mined in advance. But the parent company’s choice to keep Ripple closed sourced until now has been met with controversy. OpenCoin’s founders have said all along that they were planning to open source Ripple. CTO Stefan Thomas said there were some issues that had to be fixed before open sourcing, otherwise Ripple “would have likely sustained significant network....
Ripple Labs has sealed new partnerships that will bring its Ripple protocol to two US banks. According to the company's 24th September announcement, Kansas-based CBW Bank and Cross River Bank, located in New Jersey, will be the first American banks to adopt Ripple's open-source distributed transaction infrastructure. The news comes several months after Ripple inked its first deal with the banking sector, when German bank Fidor became the first institution of its kind to integrate the Ripple protocol. Like Fidor, CBW Bank and Cross River Bank will now be able to tap Ripple's low-cost....
Ripple Labs (formerly OpenCoin) CTO Stefan Thomas has announced that, as of today, the source code for the peer-to-peer node behind the Ripple payment network is officially open source. Parts of Ripple, particularly a Javascript-based web client, have been open source for months, but the release of the peer-to-peer "full node", rippled (comparable to Bitcoin's bitcoind) means that the community now, at least in theory, has the entire suite of tools needed to maintain the Ripple network on its own. Ripple is a peer-to-peer digital payment network, similar to Bitcoin in many ways, but with a....
Open-source software projects are starting to use bitcoins as a way to pay programmers for their work. Open-source software is developed under a license that enables anyone to view and modify its source code. Many commercial projects use open-source code, and popular software such as Linux is based on it. Although most open-source developers volunteer, there has also been a growing tradition of bounty sites, which will pay open-source developers for their help in developing software. These sites have used traditional currencies. Now, Bitcoin Bounties has a system that will enable....
Spurred by Union Square Ventures partner Albert Wenger's recent blog post, there's been lots of discussion about crypto-tokens in recent week. This has led to excitement and skepticism about their ability to incentivize open-source developers to create and maintain protocols. However, as Runa Capital has funded a number of developers who have created and maintained thriving open-source protocols, I wanted to shine some light on this approach in the context of how open-source developers have been incentivized historically. This article focuses on both why a crypto-token issuance may make....