Bitseed Open-Sources Creation of Second Plug-in Bitcoin Node

bitseed open source

Bitcoin startup Bitseed has announced it is open-sourcing the creation of its new plug-in node.

The company, which launched its first node in March, is asking contributors to help evolve its product by completing tasks and solving bounties in exchange for rewards.

Bitseed’s project is hosted on Assembly, a collaborative platform that tracks contributions to projects with coloured coins on the bitcoin blockchain.

John Light, co-founder at Bitseed, told CoinDesk:

“The Bitseed Assembly community is our way of trying to make open-source development sustainable, and to financially support the open-source software that runs on Bitseed. If a contributor completes a bounty they earn Assembly coins for that project.”

He continued: “When the project earns revenue, the revenue is distributed proportionally to all coin holders. Our current pledge to coin holders in the Bitseed Assembly community is to give them $1 for each Bitseed [node] sold.”

New developments

The bounties – which include improvements to software and hardware development, graphics design and marketing – proposed by Assembly community members are subject to approval by a Bitseed core team member.

The company says the new node, known as Bitseed v2, has already undergone a series of design improvements, including

Read more ... source: CoinDesk