6. Open Source Software

6.1 ARK Technology is Open Source

Open Source Software (OSS) is a type of computer software whose source code is released under a license in which the copyright holder grants users the right to study, change, and distribute the software to anyone and for any purpose. Anyone is allowed to modify the code, port it to new operating systems and instruction set architectures, share it with others, or in some cases, even market it. Free and open source software development models have made it possible for previously unacquainted people to collaborate and follow a common goal [2].

6.2 OSS is Becoming the World Standard

According to a study by InfoSys, more than 78 percent of enterprises run on open source while fewer than three percent indicate they don't rely on open source software in any way. These statistics indicate the ongoing shift in the OSS arena, as IT and Blue Chip companies adopt a positive mindset recognizing the strategic value gains of adopting open source software. OSS can be seen as a first approach for enterprise architecture [2].

6.3 OSS Brings Benefits

Having adopted OSS from the start, ARK boasts one of the strongest open source communities in the crypto space. Developers and business entities developing solutions on ARK can easily find support across a global network of ARK users. The benefits of the OSS model include reduced costs, improved quality, and faster time to market. Exposed to public scrutiny, OSS code tends to be much more secure than code on private repositories [2].

6.4 Building an Ecosystem

ARK prides itself in identifying as an ecosystem, in other words, a community of living organisms and nonliving components. Our thriving, strong, and growing community breathes life into ARK projects, tools, products, and peripherals. ARK’s work process is built around distributed best practices, which are promoted and used by GitHub and other big, open source endeavors. ARK open source code is free for use under the MIT OSS license [2].

Additional Resources