How can open execution replace open source? Bitcoin and Ethereum become the driving force

As part of the nature of cryptocurrencies and blockchain technology, open source software belongs to anyone who wants it. However, some people have begun to explore beyond open source. As a result, the term open execution has started to appear frequently. But what does this term mean, and how does it relate to open source?

Open Source Evolves into Open Execution

According to Jason Carver, senior engineering manager at LinkedIn, in a recent post on Linkedin, open source standards are no longer sufficient. In fact, he even called open source "the ability to guarantee trust and freedom until it runs as a service." In addition, open source projects have to worry about many community trust issues because the community is an active part of auditing and improving the code.

Jason Carver

In the world of Bitcoin and other cryptocurrencies, open source has the power to accelerate innovation. While some developers are dealing with an onslaught of workloads, community input should be considered in most cases. This gives developers enough wiggle room to modify the code as they see fit, without being constrained by advisory boards or a handful of investors.

On paper, the concept of open source sounds like it should be the future of all software development. To some extent, this is true, but when open source is transformed into (online) services, open source projects lose their "trusted" properties, which puts developers in an awkward position because they will not be able to freely work on these projects' platforms when they improve the foundation of a new open source project.

Fortunately, there is another solution: open execution. Jason Carver describes this concept as a "guarantee of knowing the exact outcome of a service based on its state and inputs." In addition, open execution enables platform users to better understand the local limitations of each service.

But there is a problem with open execution, because building a system that supports open execution is not as simple as it seems. The Bitcoin network has supported open execution principles for a long time now, so it is impossible for service providers to steal your bitcoins, and no one can use your bitcoins and send them to someone else.

On the other hand, the Ethereum protocol also makes it possible to run open execution. Anyone can write and publish new services on the Ethereum network, and then use a distributed ledger mechanism to obtain consensus. This service can be compared to Amazon Web Services, where users do not pay for running their services based on the time they spend, but based on the number of operations on disk storage.

However, the future of open execution is not set in stone. Due to its high cost, it is ultimately up to businesses to decide whether to use this concept. However, once users experience the benefits of open execution firsthand, things will change much faster than people expect.

Original: http://www.newsbtc.com
By JP Buntinx
Compiled by: Kyle
Source (translation): Babbitt Information (http://www.8btc.com/bitcoin-ethereum-driving-open-execution)