Bitcoin Forum

Y Combinator-backed Onename raises $1.5M, open-sources its Bitcoin identity directory

There’s something refreshing, yet unsurprising, about a Bitcoin startup embracing open source.

As a currently trendy phenomenon, Bitcoin (and other cryptocurrencies) is not short on companies looking for ways to commercialize it, make a buck from it, and generally make it seem like any old commodity. But Bitcoin is decentralized at its core, which is why Y Combinator-backed Onename’s announcement that it’s opening up some of its software and is extending its protocol to decentralized authentication makes so much sense. Onename has also just raised $1.5 million in seed funding to help it do all that.

http://venturebeat.com/2014/11/14/y-combinator-backed-onename-raises-1-5m-open-sources-its-bitcoin-identity-directory/