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Erik Voorhees’ company is working hard to decentralise its organisational structure completely. ShapeShift announced the largest airdrop in history in July as part of its vow to decentralise.
ShapeShift, a non-custodial cryptocurrency exchange, revealed Thursday that it has open-sourced the code of its future version two platform, offering developers the option to participate to the iteration process as part of its ongoing decentralisation initiatives.
ShapeShift’s v2 code repository is now available on Github, making it easier for developers to download it to their local drives. “This is a great step in our ongoing efforts to open source and involve the community in iterating on the first comprehensive, multichain, community-built interface,” said Josh Foreman, engineering workstream lead for ShapeShift DAO.
The company also announced that open-source developers will be able to participate in biweekly community calls on ShapeShift’s Discord channel. The meetings will include product engineering demonstrations and discussions.
ShapeShift is in the process of abolishing its corporate structure and completely decentralising its operations in order to build an open, immutable organisation. As part of that procedure, the corporation announced plans to distribute 340 million FOX tokens. The airdrop is open to over 1 million users.
Since Bitcoin’s (BTC) pseudonymous creator Satoshi Nakamoto proposed a decentralised approach to transactions, decentralisation has been a driving factor in the blockchain revolution. Some of Bitcoin’s most fervent supporters, nicknamed “Bitcoin maximalists” by the community, contend that no other cryptocurrency has reached a level of decentralisation comparable to BTC.
Although not every crypto-based project necessitates a decentralised value proposition to encourage adoption, decentralisation is seen as a solution to many of the problems associated with centralised systems. As a result, decentralisation is viewed as both a philosophical approach and a technical solution.