![]() In this sense he always foresaw them trading in tandem, much like silver and gold do. ![]() The developer of the cryptocurrency, Charlie Lee, foresaw potential scaling issues with Bitcoin and thought that eventually Litecoin could act as a spillover protection for the network. ![]() It runs on an open source global payment network and is not controlled by any single entity. The coin gets its name from the fact that it operates similarly to Bitcoin, but generates blocks more quickly and can therefore perform transactions more quickly. For a long time, it has been seen as prime competition for Bitcoin in regards to the space it would fill in users’ lives. Litecoin was launched in 2011, which is not long after Bitcoin was launched. The three we are going to talk about today are Litecoin, Monero, and Zcash. Thus, a hard fork.īesides Bitcoin, there are many cryptocurrencies that run using open source protocols. This essentially makes it so all who are non-compliant are now operating on a different chain. Hard forks take things way farther and make it so the software is not backwards compatible and all nodes must upgrade to the new software. With a soft fork, these changes are backwards compatible and older versions of the software will recognize future versions. These forks occur when a cryptocurrency community makes changes to the open source protocol. This is where the presence of hard and soft forks comes up. What makes the open source protocols in the cryptocurrency world unique is the fact that the users must all be in agreement about the protocols to follow, otherwise no consensus is reached in the ledger. As the website states, the currency is all about making the design public and allowing everyone to take part in its development. These modifications won’t necessarily be adopted, but they are at least out there for the community to consider and vote upon.īitcoin is the most well-known example of this in the cryptocurrency world. The source code is available to all, which creates the option for developers to look at the code and come up with their own modifications. The best way to think of it like a book everyone can edit and make their own version of it. Some proprietary code, libraries and technologies like OpenFinex™ and AppLogic are not available to the public under GPL.The term open source gets thrown around a lot, and most of the time, the people saying it don’t even know what it means. OpenDAX™ Open-Source provides you with access to public code repositories to customize, build, and deploy your cryptocurrency exchange service from local CLI under GNU General Public License. Software monitoring and maintenance by Openware DevOps team.Hosting on Openware Cloud servers in the Americas, Europe, or Asia.Fully-featured crypto exchange platform service, accessible online 24/7 to your customers.OpenDAX™ Cloud allows you to concentrate on your business development, while Openware takes care of the technology development: OpenDAX™ Cloud provides a managed white-label crypto exchange platform-as-a-service solution hosted by Openware to access features for customization and service management. CAT (Customer Acceptance Testing) installation service.On-demand Architect and DevOps consulting on the software.Complete software source code with open and private components.Life-time commercial license for the use of the software.OpenDAX™ Enterprise license plan includes: OpenDAX™ Enterprise provides complete ownership of the software under a commercial license and is self-hosted and managed by the organization. Openware provides collaboration, maintenance, and self-service workflows on top of the open-source code provisioning for the OpenDAX™ product. Platform analytics, risk control, and staff activity report systems.Control Tower administration panel for platform management with different staff access levels and reporting.Arbitrage, liquidity & market-making ArkeBot to kickstart your crypto exchange marketplace.Proprietary high-frequency OpenFinex™ trading engine for busy enterprise.Advanced & Simplified trading User Interface (UI).Auto-scalable self-healing cloud server system.Framework support for additional custom business logic.API connectors for payment systems and fiat gateways.Easily customizable User Interface (UI).Hybrid Open-Source with combined public and private repositories.Customize beautiful front-end UI with proprietary Cryptobase library for React using stock elements or build your own.Integrate any payment gateways and business-specific logic with enterprise AppLogic component.Manage Accounting, Wallets, Order Book, Authentication and KYC services with Peatio and Barong components.Deploy, configure and manage your Infrastructure as Code.
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