ONE, the native token of the Concord blockchain, has seen its value surge to new highs because the starting of March.
What Occurred: In response to CoinMarketCap, the token reached an all-time excessive of $0.1911 earlier right now, representing a surge of over 700% because the begin of this month when it was buying and selling at $0.0235.
Following the uptick in value and buying and selling exercise, the venture appears to have captured the eye of Ethereum (CRYPTO: ETH) developer Péter Szilágyi, who acknowledged on Twitter that the protocol’s codebase violated Ethereum’s software program licenses.
. @harmonyprotocol your codebase is in violation of our software program licenses. We don’t grant you permission to relicense our code underneath MIT. Please delete any embedded go-ethereum code or change your license to LGPLv3. https://t.co/AREmhixGHX#Ethereum
— Péter Szilágyi (@peter_szilagyi) March 22, 2021
“This repository is violating our software program licenses. The go-ethereum code is licensed underneath LGPLv3, and you don’t have any permission to relicense it underneath MIT. With out such permission, you can’t embody it in an MIT venture,” mentioned Szilágyi, who additionally raised the problem on Github and referred to as for Concord to delete all copyright materials that originated from Ethereum’s codebase.
Why It Issues: Many blockchains in existence right now typically copy code from one other current, beforehand developed open-source codebase.
In response to one blockchain developer, to ensure that Concord to redeploy Ethereum’s code on their platform, they would wish to relicense underneath LGPL or “Lesser Basic Public License.”
Szilágyi’s public declaration on Twitter concerning Concord Protocol’s alleged software program license violations led to some debate about whether or not Ethereum was feeling the warmth from upcoming competitor blockchains.
Concord capabilities as a proof-of-stake (PoS) blockchain, using an idea referred to as sharding which permits for the creation of latest blocks in seconds. Ethereum is at present within the strategy of transitioning from a proof-of-work (PoW) blockchain to a proof-of-stake blockchain with Ethereum 2.0.
See additionally: How to Buy Ethereum (ETH)
Proof-of-stake drastically reduces transaction occasions and is claimed to resolve scalability points related to blockchain networks.
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