Linux Launches Foundation to Bolster Open-Source, Multi-Purpose Crypto Wallets
On Tuesday, the non-profit technology consortium, the Linux Foundation, announced the launch of the Openwallet Foundation (OWF) in order to bolster the development of open-source crypto wallets. OWF’s goal is to increase “interoperability for a wide range of wallet use cases” and to develop a “secure, multi-purpose open source engine” that anyone can use to build a wallet. Linux Launches Openwallet Foundation to Support Development of Open-Source Crypto Wallets The Linux Foundation (LF) has supported open-source software since the foundation’s....
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The foundation apparently does not intend to create its own digital wallet, however. Its' goal is to make it easier for companies to create wallets for themselves. The Linux Foundation, a global nonprofit organization that enables innovation within the blockchain ecosystem through access to open source technology, has announced plans to launch the OpenWallet Foundation (OWF). The OWF is a collaborative effort between companies in the technology and public sector, as well as stakeholders within the blockchain ecosystem, to develop open-source software to support the interoperability of....
The Linux Foundation is launching the OpenWallet Foundation (OWF), an initiative to build open-source software to support the interoperability of multiple digital wallets. Mainly used for holding and transacting with cryptocurrencies and digital assets, Linux claims that these tools will be critical for everyday life in the coming years. Related Reading: Charles Schwab, Citadel, Fidelity […]
Jeff Garzik, CEO and co-founder of Bloq, has been appointed as the organization’s representative on the Linux Foundation’s Board of Directors. Garzik Providing Linux Foundation With Bitcoin Technology Expertise. Garzik, formerly a 10-year employee at Red Hat, brings a wealth of Bitcoin Core development experience back to the leading open-source software development foundation. The Linux Foundation is spearheading a conglomerate of organizations involved with the Hyperledger Project, of which Bloq is a member. Garzik’s presence on the Linux Foundation’s board should hopefully help to bridge....
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....
Linux Foundation, the technology non-profit organization responsible for one of the largest open source projects in the tech sphere till date is now going to collaborate with technology and banking giants to work on yet another open source technology. The new technology in question is Blockchain technology, the technology powering bitcoin and a lot of other cryptocurrencies enabling transactions across the network. According to a release on PasteBin – a widely used text storage application on the internet, Linux Foundation will be collaborating with a long list of companies to create....