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Author Topic: [2014-11-15] venturebeat: Y Combinator-backed Onename raises $1.5M  (Read 1078 times)
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November 15, 2014, 12:46:29 PM

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.

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