Open Source
From Steem Center
Definition of Open Source
Open-source software (OSS) is computer software with its source code made available with a license in which the copyright holder provides the rights to study, change, and distribute the software to anyone and for any purpose. Open-source software may be developed in a collaborative public manner.
Why is Open Source Important
Blockchains are designed as a trustless system. If the code that runs the blockchain is not Open Source then it requires those utilizing the blockchain to trust that the code is doing what it is described to do. To avoid the problem of trust, blockchains are encouraged to be Open Source. This allows those utilizing the blockchain to know exactly how the blockchain functions without the need for trust, and hence it is a 'trustless' system.
