Linux Foundation To Form Openwallet Foundation

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There was a press released announcing the formation of a new foundation, by the Linux Foundation.

In this video I discuss how this is a big step forward in the infrastructure required for cryptocurrency. The Linux Foundation is going to start developing the open source software that will allow for the creation of interoperable crypto wallets.

Here is a link to the article mentioned in the article:

https://bitcoinist.com/why-the-linux-will-form-the-openwallet-foundation/


▶️ 3Speak



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14 comments
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Just whack the word foundation on your company and people will take it as being decentralised.

Lulz.

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This could be big.
Very big!
As a Linux user for the last 22 years this is exciting for me.

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This is going to be huge. This will allow so much interoperability. Trust wallet is one that allows you to have different chains, but is centered around BNB chain. But, having an open source situation like that would be really cool for people to build some cool things. Too many gatekeepers, we need more open source!

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Wow. This is interesting. Could be a major 'killer app,' so-to-speak!

I'm glad the Linux Foundation aren't buying into the FUD and general crypto skepticism but I suppose that makes a lot of sense! It's not GNU / Linux / FOSS's first rodeo

There's probably a few, if not many, folks in that foundation who remember the Halloween documents!

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Cryptocurrencies continue their development and take steps in search of the future that we all seek

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This is a big step forward for the cryptocurrency industry, as it will make it easier for people to store and use cryptocurrencies. In addition, the fact that The Linux Foundation is behind the project gives it a lot of credibility.

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Wow! I love these lines:

Linux claims that these tools will be critical for everyday life in the coming years.

The Linux Foundation believes in a future where people have control over their digital data, their payments, and other credentials. The release claims that the technology that they will build with the OpenWallet Foundation will empower “billions of people and small entities” for the digital future.

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I think it's nice but I am not really sure I trust the people they put in charge. However, the open source part is good and hopefully people can just branch and add their own stuff if they don't agree.

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I'd say this is great news! And just think about it, besides the possibility that the open source software is used by others, we might have all or many of the Linux platforms coming with a crypto wallet in their default installation in a couple of years (at least in the extended options at first).

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