Post
Topic
Board Altcoin Discussion
Re: Copycats good for the industry?
by
vv181
on 05/12/2021, 16:49:08 UTC
As the title states, I was pondering whether the nature of open-source software is the way to go. It appears to me coins copy each other all the time. Example BNB copies ETH with BSC. And now BNB copies ETH with BEP-95 update.
The tighter the market, the better the competition. Those copycats are free to do whatever they want as long as their app is still adhering to the original license of the source code. No one can't prevent that, and also anyone is free to innovate anything they can imagine, so looking at the bright side, I think it is good for innovation.

Conversely, you see that Uniswap has a closed V.3 atm. I know this is controversial and I support decentralization through and through.

But given that your own protocol could be at stake if you give up critical information, is it best to therefore share the information and keep it open source? Or close the information (for a small period, not forever), so that one can keep a competitive advantage? Food for thought. Discuss.
And also Uniswap v.2 is manually blocking some tokens access on their interface, so it adds up the controversy. But, what do you mean v3 is a closed source? AFAIK, the smart contract is open-sourced, from what I know is that the v3 are now having strict licensing which make other can't copy the code easily.