As part of its ongoing decentralization efforts, non-custodial cryptocurrency exchange ShapeShift announced Th that information technology has open up-sourced the code of its upcoming version two platform, giving developers the opportunity to contribute to the iteration procedure.

ShapeShift's v2 code repository is at present available on Github, making information technology 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 outset comprehensive, multichain, community-built interface," said Josh Foreman, applied science workstream lead for ShapeShift DAO.

The visitor also appear that open-source developers tin nourish biweekly community calls held on ShapeShift's Discord channel. The meetings volition feature demos and discussions related to diverse product engineering science topics.

Related: Algorithmic stablecoins bear witness promise of reducing volatility — ShapeShift

ShapeShift is in the procedure of dissolving its corporate structure and fully decentralizing its operations as function of a pledge to create an open up, immutable organization. As part of that procedure, the visitor announced plans to airdrop 340 million of its native FOX tokens. Over 1 million users are eligible for the airdrop.

Decentralization has been a driving force of the blockchain revolution ever since Bitcoin's (BTC) pseudonymous creator Satoshi Nakamoto proposed a decentralized approach to transactions. Some of Bitcoin'southward most ardent proponents — dubbed "Bitcoin maximalists" past the community — fence that no other cryptocurrency has achieved a level of decentralization near that of BTC.

Related: Erik Voorhees lashes 'disgusting' behavior of Bitcoin maxis: 'Not the community I come from'

Although not every crypto-based projection requires a decentralized value proffer to drive adoption, decentralization is viewed as a solution to many of the perils of centralized systems. Decentralization is therefore seen as both a philosophical arroyo and a technical solution.