Algorand Wallet source code now made open-source

In a recent blog, it was announced that the official Algorand wallet is now open-source and that its codebase has been made publicly accessible, allowing the crypto community to develop and propose features on its implementation.

“We’re excited to announce that the official Algorand Wallet codebase has been open-sourced and is now publicly available, adding that developers can now access its repository via the main GitHub organization,” the protocol team said.

“Open source” is the term used to refer to a form of software distribution where the source code is made public and available to anyone who wants it. Programmers then can read or change the code if they desire to. It is directly opposed to “closed source” where whatever goes behind the scenes cannot be viewed by the public.

Algorand and concerns about it

A high-speed blockchain, Algorand leverages a two-tiered structure and a unique variant of the Proof-of-Stake consensus mechanism in increasing its transaction speeds and achieving blocks finality.

It is regarded as one of the first large-cap crypto projects capable of giving staking capabilities to holders who simply needs to hold a minimum quantity of ALGO on their supported wallets to enjoy staking rewards.

However, the project was criticized because its official wallet was closed-source, opposing the general principle of blockchain protocols to be community-governed, decentralized and free of censorship.

Algorand moves to become open-source

According to Ian Cross, a developer at Algorand, the goal behind their wallet is to give its community a secure, trusted, convenient and powerful way to interact with the Algorand ecosystem products and its blockchain network.

“As part of that mission, we believe that making our code open source is critical to the success of the project,” he said.

The update implemented by the team was in response to one of the biggest requests in the community and so far has garnered favorable response in social forums.


Image courtesy of Cointelegraph News/YouTube

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