Coinbase joins Square’s crypto patent effort COPA

advertisement

Coinbase is the latest company to join Crypto Open Patent Alliance (COPA), a consortium developed by Square to increase access to crypto technology through the creation of a collaborative patent library, according to an announcement published Thursday. 

Square announced the creation of the consortium in September. Since then, 18 companies have joined the initiative, including Satoshi Labs, Kraken, Protocol Labs and Blockstream. 

COPA also announced the board appointments of Steve Lee, Square Crypto Lead, and Dan Robinson, Paradigm Research Partner. Independent board members are individuals considered to be “well-known for their contributions to the advancement of cryptocurrency initiatives,” per the announcement. 

“As the crypto economy continues to grow, we believe it is important to help empower all projects building towards an open financial system,” said COPA Board Member and Senior Counsel at Coinbase Brittany Cuthbert. “We look forward to working alongside the members of COPA to create a foundational patent shield for our industry.”

Through the consortium, Square aims to make crypto technology accessible and available for everyone to use. COPA members pledge to never use their crypto patents against anyone, except for defensive purposes, making these patents free for all to use. COPA also creates a collaborative patent library where any developer can share their crypto patents and develop more technologies in the space.

Related Reading

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

TRON USDC now available

Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency. 
Read Full Story
Sponsored Post

Layer-1 Platforms: A Framework for Comparison

The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana. We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come. 
Read Full Story
Aug 11, 2021, 5:18PM UTC
More