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Open source is a term that originally referred to open source software (OSS). Open source software is code that is designed to be publicly accessible—anyone can see, modify, and distribute the code as they see fit.
Open source software is developed in a decentralized and collaborative way, relying on peer review and community production. Open source software is often cheaper, more flexible, and has more longevity than its proprietary peers because it is developed by communities rather than a single author or company.
Open source has become a movement and a way of working that reaches beyond software production. The open source movement uses the values and decentralized production model of open source software to find new ways to solve problems in their communities and industries.
A list of the Blockchains that ShapeShift currently supports
A blockchainis a distributed database or ledger that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format.
Ethereum is a technology for building apps and organizations, holding assets, transacting and communicating without being controlled by a central authority. There is no need to hand over all your personal details to use Ethereum - you keep control of your own data and what is being shared. Ethereum has its own cryptocurrency, Ether, which is used to pay for certain activities on the Ethereum network.
Bitcoin is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, and thus removing the need for third-party involvement in financial transactions. It is rewarded to blockchain miners for the work done to verify transactions and can be purchased on several exchanges.
At its heart, Dogecoin is the accidental crypto movement that makes people smile! It is also an opensource peer-to-peer cryptocurrency that utilises blockchain technology, a highly secure decentralised system of storing information as a public ledger that is maintained by a network of computers called nodes.
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.
Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as "Peer-to-Peer Electronic Cash". Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development.
Cosmos is an ever-expanding ecosystem of interconnected apps and services, built for a decentralized future. Cosmos apps and services connect using IBC, the Inter-Blockchain Communication protocol. This innovation enables you to freely exchange assets and data across sovereign, decentralized blockchains.
Avalanche is an open, programmable smart contracts platform for decentralized applications. Build fast, low cost, Solidity-compatible dApps. Launch customized blockchains, private & public. Scale to millions of validators with minimal hardware.
*Avalanche is supported on ShapeShift only when connected to MetaMask currently. Support for Native and other wallets coming soon.
THORChain is a multi-chain decentralised exchange (DEX) that aims to solve one of the largest issues plaguing the blockchain space: fragmented liquidity spread across different chains. THORChain is a Cosmos-based protocol that allows users to exchange and earn a yield on Layer-1 (native) cryptocurrencies across different blockchains (BTC, ETH, LTC, DOGE, BCH, BNB currently) without going through a centralized exchange. Since the protocol is chain-agnostic, any new native asset can be added to the DEX in future upgrades if there is support for its addition to THORChain.
“BNB stands for “Build the community, and let the community build, build, ’n build.”
The recently released BNB Chain comprises the BNB Beacon Chain for BNB Chain governance (i.e., staking and voting) and the BNB Smart Chain, which remains Ethereum Virtual Machine (EVM) compatible.
The BNB Chain aims to increase interoperability and develop the underlying infrastructure of the “world’s parallel virtual environment,” a step forward in Binance’s recent MetaFi efforts.
Osmosis is a decentralized exchange (DEX) and automated market maker (AMM) protocol for the Cosmos ecosystem. To understand the specifics of Osmosis, it’s helpful for you to know the context of the Cosmos ecosystem upon which and for which it is built. Cosmos is an overarching ecosystem of blockchain networks that can connect with one another as part of Cosmos’ mission to build an “internet of blockchains.
Osmosis is a DEX protocol, which means it uses smart contracts to determine the price of digital assets, to produce liquidity via a peer-to-peer (P2P) methodology, and to exact trades between users.
Optimism is a fast, stable, and scalable L2 blockchain built by Ethereum developers, for Ethereum developers. Built as a minimal extension to existing Ethereum software, Optimism’s EVM-equivalent architecture scales your Ethereum apps without surprises. If it works on Ethereum, it works on Optimism at a fraction of the cost.
You can buy and sell your crypto currencies at ShapeShift
Local payments, higher conversions, more customers. Banxa offers more global and local payment options than any other on-and-off-ramp solution resulting in conversion rates up to three times higher than credit card only solutions.
Gem Onramp lets users buy and transfer crypto with any payment method or exchange.
Earn, invest and spend both your cash and crypto from one powerful checking account
*Available in the US only
Mt Perelin are an authorized Swiss financial intermediary and their regulation allows for KYC-less money exchange under certain thresholds. As a result, you can buy crypto with Mt Perelin without having to pass KYC below the following limits. You can still pass it and remove these limits for unlimited transfers.
ShapeShift DAO, a decentralized, non-custodial cryptocurrency platform, has announced the launch of its new open-source v2 web platform.The brand new web app is the gateway into decentralized finance for all crypto enthusiasts. Users can track, trade, and earn yield with their digital assets with no added fees, all without giving up privacy or custody.
Users can manage multiple digital assets privately without KYC by connecting their crypto wallets. ShapeShift v2 becomes one of the safest and most privacy-centric ways to interact with cryptocurrency across various chains.
More information can be found here.
