blockchain open source
A blockchain is a type of data that stores transactions and records (Leible, Schlager, Schubotz & Gipp, 2019). In most cases, the blockchain duplicates data, and this makes it easier for the public to access it. An open-source refers to something that is publicly accessible (Howell, Potgieter & Sadowski, 2019). So, this means that the people can access, modify and share without major restrictions. A good example of open-source software is the one surrounding Bitcoin. For anything to be modified and shared by the public, then it should be stored in blocks. The blockchain is essential since it helps eliminate intermediaries when it comes to transactions. This characteristic has made Bitcoin popular, and many digital currencies are adopting blockchain technology.
References
Howell, B., Potgieter, P., & Sadowski, B. (2019). Open-Source or Open-Slather? Governing Blockchain Applications as Common-Pool Resources. SSRN Electronic Journal. doi: 10.2139/ssrn.3427166
Leible, S., Schlager, S., Schubotz, M., & Gipp, B. (2019). A Review on Blockchain Technology and Blockchain Projects Fostering Open Science. Frontiers In Blockchain, 2. doi: 10.3389/fbloc.2019.00016