Open Source Money will BUIDL the Open Source Ecosystem

The blockchain revolution is growing open source

Kevin Owocki
Apr 30, 2018 · 2 min read

A wave of open source cryptoassets is sweeping the world. The blockchain revolution, led by projects like Bitcoin and Ethereum, have ushered in fresh enthusiasm to conversations on the intersection of technology, monetary policy, social impact, and governance.

First, why is blockchain even interesting? To answer briefly, we’ll summarize by analogy.

The internet represents a suite of revolutionary protocols for transmitting information across the world. Over the last 30 years it has completely transformed the way society functions. In doing so, it has transformed business, media, politics, and interpersonal relationships.

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A Centralized Ledger vs a Distributed Ledger

It is our view that blockchain (and the suite of technologies that support the ledger) is the internet of money. If you think about how much the internet changed the world, and consider that blockchain does for money what the internet did for information, what impact will blockchain have on the world?

To read the full story visit: https://gitcoin.co/blog/open-source-money-will-buidl-the-open-source-ecosystem/

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Gitcoin

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