Analytic Firm Argues against the Notion that 6 Coders Control BTC
- CoinShares contends the popular notion that only six individuals control BTC.
- A large, diverse group of contributors drives the development, says the analytics firm.
- Previously, WSJ claimed Bitcoin’s future depends on a handful of mysterious coders.”
Data analytic firm, CoinShares, has argued against the popular notion that only a handful of individuals control the development of the network that underpins the nearly $500 billion cryptocurrency, Bitcoin.
In a blog post yesterday, CoinShares claims that the development process of Bitcoin is not dependent on just six developers. Instead, the development and approval process of the Bitcoin Core software is driven by a large and diverse group of contributors.
According to the analytic firm, the group includes developers, researchers, reviewers, and testers worldwide who collaborate to improve and maintain the software. The report read in part:
“Contributors can propose code changes, test them, review them, or comment on open pull requests. Anyone contributing to the Bitcoin Core project in any capacity is considered a contributor. This open and collaborative approach has been critical to the project�…
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