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Vandana Malik
Apr 1, 2020
by Vandana Malik

GitHub Choosing Svalbard to Store Open-Source Bitcoin Code

GitHUb
GitHub, a US-based company that deals in software development are all set to go way beyond than normal. The firm has decided to secure the cryptocurrency code far away from all the dangers of being leaked. According to the reports, it has decided to store the open-source bitcoin code deep inside the deserted icy mountain of Svalbard.

The crypto codes that will be buried inside the mountain will also include Bitcoin core. Bitcoin core is among the most popular codes which have been designed to verify valid transactions on blockchains. This whole process will be conducted under the archiving program that is basically to secure the technological histories.

It has also been revealed that the codes that need to be safeguarded will be copied to a film reel and then stored in the container.

GitHub project to include forward-looking Lightning Network of bitcoin

The firm is preparing the whole data that needs to be deposited. It has planned to end the project by the end of April and the official process of depositing data will also happen this month only.

Along with Bitcoin Core, bitcoin’s lightning network and the codes of other cryptocurrencies will also be included in this project. There are two organisations also that have been providing help and supporting the decision of GitHub. Those organisations include Internet Archive and Long Now Foundation, both of them are non-profit organisations.

According to Bryan Bishop, this is an initiative that will secure such important data that could be used for study in future.

Different perspectives regarding the project

It has been seen that there are different perspectives of the people from and outside the crypto institutions regarding the project.

According to the perspective of a software engineer, this project by GitHub will be of no use in future. Van der Laan believes that these codes will be of no interest after hundreds of years.

While some believe that this move is a great one that will make history and there is other information also that needs to be preserved like this only.

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    GitHub Choosing Svalbard to Store Open-Source Bitcoin Code
    Vandana Malik
    Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.

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