An interesting motion is set to pass in the world of NuBits, the digital currency which manages to keep its value around the US$1 mark at all times. While NuBits may not be as attractive to digital currency investors compared to other coins in existence, the project does bring price stability to a very volatile financial market. And by the looks of things, the Nu source code will be made publicly available very soon.
Once the motion – which was drafted in this topic on the NuBits forum – has succesfully passed, the Nu Shareholders will instruct the Nu developers to make the Nu source code available to the general public. An open-source license will be adopted, allowing free and permissive use of the Nu source code in Nu-related and derivative projects.
The Nu source code entails many different aspects, including but not limited to the network protocol, associated support systems for testing;distribution and deployment. and the daemons. A location for the code repository will be determined by the Nu developers. Furthermore, Nu developers will have to carefully review the granting of permissions to review, approve and merge proposed modifications to the Nu source code.
This decision also means that many more developing parties can submit suggestions to improve the Nu network, as well as NuBits and NuShares. It is up to the Nu developers to decide whether or not any of these suggestions will be merged into the Nu source code at some point. A fresh look on things is never a bad thing however.
Nu developers have 45 days to inform Nu Shareholders of the steps required to acquire the open source license. Once this has been achieved, a new Nu client will be released to the public which will include the updated software license. As the new license marks a new chapter in the history of Nu, the upcoming release will be tagged ‘version 1.0.0’.
Ronny Boesing, CEO of the Danish CCEDK exchange – where both NuBits and NuShares are seeing healthy trading volumes on a weekly basis – chimed in with his opinion regarding the open source license motion. As an exchange owner, Mr. Boesing has been following the situation on a daily basis over the past few weeks.
“With the move to open sourcing the Nu source code, we at CCEDK feel an important step is being taken for NuBits to transform into an established worldwide currency. It has all the necessary tools to gain mainstream traction : easy to use; very fast transactions and more importantly, it’s price stability compared to other digital currencies. What more could anyone wish for in a world struggling to meet ever-increasing demand for payment options over the internet?” – Ronny Boesing, CEO of CCEDK
As things stand right now, the motion is very close to passing. Once both the number of blocks and the number of share days destroyed come to consensus of 50% (or more) among Nu Shareholders, everything else will be set in motion. An up-to-date status of the motion can be checked on the Nu block explorer.