ShapeShift as part of its ongoing decentralization initiatives have made available its open-source version 2 platform code, the exchange has previously announced the largest airdrop in history.
ShapeShift, a non-custodial cryptocurrency exchange, revealed Thursday that it has open-sourced the code for its future version two platform as part of its ongoing decentralization initiatives, allowing developers to participate in the iteration process.
ShapeShift’s v2 code repository is now on Github, making it easy for developers to download it on their computers. “This is a significant step forward in our ongoing efforts to open source and engage the community in iterating on the first full, multichain, community-built interface,” said Josh Foreman, ShapeShift DAO’s engineering workstream lead.
The company also announced that open-source developers can join ShapeShift’s Discord channel for biweekly community calls. Demonstrations and talks on various product engineering issues will be held during the meetings.
As part of a vow to build an open, immutable organization, ShapeShift is dismantling its corporate structure and entirely decentralizing its activities.
The company revealed intentions to airdrop 340 million of its native FOX tokens as part of this operation. The airdrop is open to over 1 million users.
Since Satoshi Nakamoto, the pseudonymous founder of Bitcoin (BTC), proposed a decentralized approach to transactions, decentralization has been a driving factor in the blockchain revolution.
Some of Bitcoin’s most fervent supporters, nicknamed “Bitcoin maximalists” by the community, say that no other cryptocurrency comes close to BTC’s level of decentralization.
Although a decentralized value proposition is not required for every crypto-based product to gain traction, decentralization is seen as a solution to many of the drawbacks of centralized systems. As a result, decentralization is viewed as both a philosophical and a technical answer.