Key facts:
The CTO of the startup, Roman Snitko, made the announcement at the conference of the Baltic Honeybadger 2019.Hodl Hodl will release the source code at the end of this year.Hodl Hodl, the exchange platform bitcoin peer-to-peer (peer to peer or P2P), announced that it will release its source code. The information was given in the framework of the conference of the Baltic Honeybadger 2019, which is developed in Riga, Latvia, on Saturday 14 and Sunday 15 September.The ad was by Roman Snitko, CTO (chief technology officer) of the startup, and it was reported in social networks by several of the attendees. As stated, the goal Hodl Hodl when you free your source code is that anyone can create their own platform for exchange between peers. During his presentation, Snitko explained the motivations of the company and the process that will follow to realize this action.The CTO of Hodl Hodl argued that one of the reasons that led to this movement is that in the projects closed, the code is lost. On the other hand, to develop a platform of exchange from scratch is an expensive task, reducing the possibility that any person can manage. Also, Snitko said that the code of Hodl Hodl is already tested for vulnerabilities in the field, its user interface is uncluttered and with support for many languages.Roman Snitko told the audience that everyone has the right to create its own platform for exchange between peers. Photo: @BTSEcom in TwitterAdicionalmente, referred to the mechanisms of regulation such as KYC (know your customer) and ALM (anti laundering money). “We are not killers of regulators”, could be read in one of the slides presented by Snitko. “We are developers. We like the code. And we don’t like the KYC/ALM”. The box closes with the statement that “the things that are open source make it more difficult to regulate such things.”In this sense, the CEO of Hodl Hodl Max Keidun, stated to a medium that any project is vulnerable to being shut down by a government, if it so proposes. Release the source code may be in the form of the team of the startup to mitigate the threat. “Let’s imagine that our domain is blocked: some activists could take the code from Github, bifurcarlo and launch something new,” he said Keidun.Some of the participants in the event, which reviewed the news on the social network Twitter, expressed themselves favorably on the fact. The account @coinsurenz described the move as a bold and expressed that the team Hodl Hodl “understand, what is the value proposition in the space of bitcoin, where many competitors still cling to business models that are archaic”.
@hodlhodl announces they will open source their codebase. Bold move that’s one of many signals this weekend that these guys get it – what the value proposition in the bitcoin space is – where so many competitors are still clinging to archaic business models pic.twitter.com/Y8ZGVZ3PqD— ℭoinsure(F9 BE B4 D9) (@Coinsurenz) September 14, 2019
For its part, the user @BTChap, who is defined as an historian and biographer of bitcoin, commented that Hodl Hodl expected to develop this action to the end of this year. “This is great” he said, “a moving epic of Roman Snitko and his team.”
This is big @hodlhodl will open source sti exchange code – so everyone in the world is might start running his own p2p exchange by the end of the year.
KUDOS @romanitup and team – epic move pic.twitter.com/HowKQO1V4V— BTChap ☣️ (@BTChap) September 14, 2019
Snitko also presented an API with support for multiple signatures (multisig) for the automatic deployment of Bitcoin and Lightning Network in any application.