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Explained: What is an Open Source Software?

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Open source software is distributed under a license agreement, allowing the sharing, viewing, and editing of computer code by other users and organizations.

Open source software ( OSS ) is distributed under a license agreement, allowing the sharing, viewing, and editing of computer code by other users and organizations. Continuous support is a key point of sale for users with low technical skills and a major reason for choosing closed sources over open source software. Like open source software, closed source software also has dedicated web communities that share ideas and strategies through forums and surveys, promote innovation and customize the product to meet changing needs.

 

Open Source Software (OSS)

In the software, “Open Source” refers to software that allows users of the software to access human – read Source code. Of course, software that does not meet the definition of open source is not open source. In practice, almost all open source software is released under one of the few licenses known to meet this definition.

Companies often begin to develop an open source policy when someone in management realizes that they do not know how dependent their IT department or software products are on open source software. When companies turn to open source software, they get rid of the strict vendor lock-in that can harm users from their packages. Open source software is much better at keeping to open standards than proprietary software.
If you value interoperability with other companies, computers, and users and do not want to be constrained by proprietary data formats, open source software is certainly the solution.

More and more often, many DoD features are available through open standards such as TCP, HTTP, HTML, and CSS – in such cases, it is relatively easy to use or switch to open source software implementations ( as platforms used for client or server implementation become less relevant ). Open standards make it easier for users to adopt an open source software program ( later ) because open standards users are not locked in a specific implementation. Thus, although open – source standards differ from open – source software, they complement each other and can work well together.

Since open source is inherently free and accessible, public clouds ( such as AWS, Azure, GCP ) have been very effective in distributing and monetizing open source software without significantly contributing to open source projects. In addition, given the success of some open source business models ( such as open – core, mentioned above ) offering a combination of open source and proprietary software, it is clear that proprietary software will never run out of business.

Today, open source software is thriving because it is free, state – of – the – art, often customizable, produce higher quality code, eliminates vendor lockout, helps with recruitment and many other reasons.  The choice between open source and closed source software ( i. e. proprietary software ) depends on many factors. Open source is not without its challenges: it is difficult to find a balance between free software and sustainable business.

 

Challenges faced by Open Source Softwares

Executives and lawyers are often very concerned about being sued for the use of open source software, being caught without sufficient technical support or getting bad publicity about how open source software is used.

For example, you may not be concerned about how your IT staff uses open source software in your IT environment, but you want to make sure that all software developers working on applications distributed to others know the open source software policies. ‘ Many companies have different standards for open source software used in IT, development and production environments.’ With the change in business conditions, your business will become more comfortable with open source software and the availability of new open source software packages and licenses, you will want to adopt the policies to new situations.

In terms of security, open source can make it easier for hackers to learn more about software vulnerabilities or loopholes than closed source software. Open source projects are often loosely organized with “little formalized process modeling or support,” but tools such as problem trackers are commonly used to organize open source software development. Customers can be prepared to use open technology on a standard basis and thus pay for open source software when the additional value is added. Many advocates say that open source software is inherently safer because everyone can look, edit and modify the code.

Although open source code is available for everyone to view and use, it is also vulnerable to malicious users.

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Alert EOS Holders, REX is here: All about the Resource Exchange

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REX is a marketplace made for the EOS blockchain that allows for the leasing of network resources where you can borrow or rent out your resources.

The big thing everyone is chattering about right now is REX or Resource Exchange. REX is a marketplace made for the EOS blockchain that allows for the leasing of network resources in a risk-free way. It establishes a market where you can either borrow resources or rent out your available ones and then receive a return on those lent-out resources on a 30-day loan basis. When renting out your resources you do retain full custody of your EOS and you do keep your EOS votes.

 

REX: EOS Resource Exchange

REX will be held in maturity buckets that cannot be sold until they actually reach maturity. REX is a separate token which is used for the accounting of  EOS resources on the EOS network.

 

Risk-Free: The REX tokens will be redeemable for no-less than the number of EOS that you put in. So if you put in 1000 EOS and no one uses your resources, then you get your 1000 EOS back but if someone does want your REX, then, for example, you may get back 1050 EOS. The following is just an example and the current rate of return is incredibly small but that, of course, could change in the future.

 

In order to be eligible to buy REX, the user must be voting for at least 21 block producers or delegating their vote out to a proxy and when they stake their tokens, they enable developers or anyone else who wants to use their unused resources.

 

Remember: When you are staking, you are basically claiming a percentage of the EOS network resources. That’s whether you decide to use those resources or not.

 

The NOT part is what REX is focusing on as many users have large unused surpluses that could be used others at a very low price. Thus, the Resource Exchange is trying to create an efficient on-chain marketplace for maximizing network resources.

 

The service is already in very high demand as we have seen millions of EOS staked in just the first hours of the REX going live and thousands of buyers lining up to get those cheap network resources.

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IEO replacing ICO: Initial Exchange Offering Explained.

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Initial Exchange Offering (IEO) is a fundraising procedure in which developers create coins for their project and send them to crypto exchanges for selling.

Initial Exchange Offering ( IEO ) is a fundraising procedure in which developers create coins for their projects and send them to cryptocurrency exchanges for selling to cryptocurrency investors and traders.

 

Initial Exchange Offering:

Initial Exchange Offering is usually an agreement between developers and cryptocurrency exchanges, with some of the conditions that are common in the ICOs in the fundraising model. Initial Exchange Offering is an abbreviation for the “initial offer of exchange” – a fundraising procedure in which the exchange takes place on behalf of the token issuers.

 

Although IEO is a relatively new phenomenon in the cryptocurrency industry, it is clear that securities trading is very similar – it can be estimated as a sign of the crypto’s maturity. From Huobi to Okex and Bitmax to Bittrex, the number of cryptocurrency exchanges offering the sale of Initial Exchange Offerings has increased.

 

In order to maintain trust with its customers, the exchange must carry out a comprehensive evaluation of the project before the IEO is launched.

 

IEO replacing ICO:

While in the ICO, it is the developer’s business to ensure that the intelligent contract is correct and that everything goes according to plan, in the IEO model, a third party, such as a cryptocurrency exchange, fulfills the same obligations.

 

Anyone who wants to participate in the IEO token sale must create an account on the exchange platform and fund their portfolio so that they can be willing to buy the token. While digital exchanges were only a platform for cryptocurrencies, the Initial Exchange Offering has introduced a new, value-added business model.

 

Since the Initial Exchange Offering is usually carried out on cryptocurrency exchange, some potential investors may be excluded from the possibility of creating a new account and passing through the verification procedure, which usually takes several days.

 

With IEOs, a cryptocurrency ( not the project developer himself ) acts as a counterpart, facilitating the fundraising process. While the exchanges continue to charge high fees for leading an IEO, the team behind the pawn can shift its focus from marketing and fundraising to the development of its project.

 

The initial offer of Exchange introduces an intermediary to the decentralized fundraising model, which gives cryptocurrencies a strong sense of trust as they participate. You can invest in IEOs by simply having an account on a cryptocurrency exchange. By hosting the IEO on their respective exchange platforms, cryptocurrency exchanges directly confirm the credibility and reliability of the project. For IEOs, token issuers do not have to worry, as the exchange manages the KYC – AML process is also managed by cryptocurrency.

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Analysis: Decentralization is the future

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decentralization is the basis of bitcoin blockchain. A development that has threatened to dig up decentralization is the creation of integrated circuits.

In 2008, when Satoshi Nakamoto wrote down the famous white paper in which he proposed a decentralized financial system, he did so in the context of crumbling banks and governments, which as a centralized institution, caused an economic collapse due to poor decision – making and management. Decentralization is the basis on which the entire Bitcoin blockchain is based, and that is why Bitcoin was created primarily to provide an alternative to the central authorities that operate our current global monetary system.

Today, the concept is challenged by the uncontrolled growth of Bitcoin mining – giants such as Bitmain, a Chinese mining company that continues to generate absurd profits and continues to monopolize the Bitcoin network in pursuit of industry dominance.

 

Ethereum Blockchain

The cryptocurrency economy has come to a conclusion – at least for the foreseeable future – Ether will continue to feed the ICOs and lay the foundations for distributed applications. Called Ethereum’s Proposals for Improvement ( EIPs ), they allow for massive participation in decisions that could radically change the future of the network. However, the use of EIPs Ethereum tries to embody the principle of the blockchain technology, namely centralization leads to errors and inefficiencies, while the network, with the right technology, can make better decisions and work more effectively. So, when companies such as Amazon and Chile’s Energy Authority support Ethereum, they do so in a project that advocates – and through EIPs – real practice decentralization.

 

The need of Decentralization:

Where buildings such as capitalism, money, and democracy need new codes, new software, updated smart contracts, better AI and a more united kingdom, full of corporate social responsibility, equal opportunities, and prosperity shared with all. It is not only software decentralization, but it is also the shift of human values to a new way of thinking about exchanges, energy and the shared future of humanity.

The blockchain technology, which offers an alternative to existing trading, governance and finance systems, has the potential to disrupt the industry and create new and exciting opportunities for billions around the world. A development that has threatened to dig up decentralization is the creation of integrated circuits or ASICs for applications. Even more complicated and challenging to decentralize is the rapidly changing world of hardware and the fact that a large technology company now produces most ASICs on the market.

While many Bitcoin advocates see the blockchain as nothing more than competition for existing payment methods or gold, others believe that the blockchain technology is the harbinger of things the world has never seen before.
Bitcoin’s market share has been declining slowly in recent years, and although many believe that bitcoin will continue to grow, there is a rapid rise in other parts of the blockchain ecosystem. When decentralized blockchain protocols begin to break down the central web services that dominate the current internet, we will begin to see real sovereignty on the internet.

 

The future of Decentralization:

Recently, blockchains have become the focus of attention as the first technology to use decentralized device networks. With the promise of full ownership and monetization of their data, blockchains are seemingly convincing alternatives to older third-party data farms. While blockchains use the increasing movement of increasingly powerful personal devices, they have a relatively limited use case and do not fully exploit the potential of paradigm shifts.

This is decentralization, which is a decisive factor in cryptocurrency and blockchain technology in general.
In addition to the major cases of well – known use, there are examples of massive companies that eliminate a “one – point failure” in their closed systems, for governments that approve university degrees. Secondly, governments have historically been serving exchanges with asset seizures, which have paralyzed merchants who hold large amounts of cryptocurrency in the market. If decentralized exchanges become a real reality, the regulatory war will become even more complex for legislators: their current strategy is to target exchanges that operate under their jurisdiction.

Blockchain technology can provide a new way of confirming identity, ways of moving data faster and cheaper, easier transactions such as payments, claims, and data sharing.

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