HomeForex News CryptoPermissionless Software Foundation Aims to Foster Open-Source Software With Bitcoin Cash
Permissionless Software Foundation Aims to Foster Open-Source Software With Bitcoin Cash
July 8, 2020
Just recently, Bitcoin Cash proponents were introduced to a new foundation called the “Permissionless Software Foundation” aimed at spreading Bitcoin Cash and SLP token technology.
This week an organization called the “Permissionless Software Foundation” (PSF) revealed an announcement to the BCH community. The group’s mission aims to “foster the growth of open-source software and growing adoption of Bitcoin Cash across the globe.”
Moreover, the PSF plans to bolster Simple Ledger Protocol innovation. Crypto fans can read about the PSF on the organization’s new web portal called psfoundation.cash. The organization’s business model states:
The Foundation is a community-oriented, highly automated, and legally-nonexistent decentralized autonomous organization whose purpose is to foster the growth of open-source software and the adoption of Bitcoin Cash across the globe. The PSF will offer a Simple Ledger Protocol (SLP) token on the Bitcoin Cash (BCH) network to self-fund the development of open-source software, and reward contributors that help the organization grow.
According to the press release, PSF and the web portal fullstack.cash will offer consulting services going forward.
“More and more businesses are looking into the great opportunities of integrating Bitcoin Cash and SLP tokens into their operations,” explains the announcement. “Finding the right information and the best people can be a daunting task but this service is already proving helpful for those businesses wanting to step into the world of Bitcoin Cash.”
The Bitcoin Cash (BCH) proponent and host of the developer’s monthly video series, David R. Allen, joined the PSF as the Business Development Manager. “[Allen] has agreed to assist and support the Permissionless Software Foundation and to be a primary contact for businesses as the community grows out of its infancy. His experience and contributions are a welcome addition to the foundation,” the PSF announcement details.
PSF also aims to offer “white-label BCH and SLP wallets” as well, according to the press release details. At the time of publication, the work is being executed in order to provide the community with a “fully functional white-label web wallet.”
“With this wallet, businesses will be able to release reliable web wallets with organisation-specific branding,” the announcement notes. “This will lower the barrier to entry for businesses even further. An early prototype of the wallet can be seen at wallet.fullstack.cash.”
The software developer Chris Troutner is also involved with the PSF, and nine days ago he created a post about the subject on the Reddit forum r/btc. Troutner and the PSF have also released an introductory video which can be viewed on Youtube.
BCH supporters seemed to like the project, according to a number of comments within the Reddit post. “Super interesting [and] very exciting,” one person wrote.
What do you think about the Permissionless Software Foundation (PSF) for Bitcoin Cash? Let us know what you think about this subject in the comments section below.