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.
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.”
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