The rise of open-source cryptocurrency has marked a significant shift in the digital currency landscape, offering a transparent and collaborative approach to financial technology.

We will examine how their decentralized nature and public source code are affecting the future of digital transactions. Understanding open-source cryptocurrencies is crucial for anyone interested in the evolving dynamics of digital finance.

Let’s dive in!

What Is Open-Source Crypto?

Most software we are familiar with is developed and owned by a single company. Take Microsoft Windows, for example. It’s built and maintained by Microsoft, and Microsoft owns the code that Windows runs on and the intellectual property around that code. Microsoft also reaps all the profits from selling Windows to PC users.

Open-source software, on the other hand, isn’t owned by any one company or developer. Instead, it’s created and then put into the world for anyone to use. Open source code is available for anyone to view and it can be copied and modified by developers who want to build on it.

Most cryptocurrencies, including Bitcoin and Ethereum, are open-source software. Collaborative groups of developers created these cryptocurrencies, but those developers don’t own or control the cryptocurrencies. Instead, the code is available for anyone to see.

Many developers have created modified copies of the open-source code for Bitcoin. That’s where Bitcoin Cash, Dogecoin, and BitcoinSV come from.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

How Does Open Source Crypto Work?

Making a cryptocurrency open source is relatively straightforward. All a developer needs to do is make the code behind their cryptocurrency freely available for anyone to view. The majority of popular crypto projects today are open-source.

Open Source Crypto

Open-source crypto projects have several major advantages over cryptocurrencies and software platforms that aren’t open-source.

First, the code for a cryptocurrency that’s open source can be audited. Developers can inspect the code to make sure there are no bugs or flaws that could allow money to be stolen or one person to take control of a blockchain.

In the world of cryptocurrency, this is incredibly important because cryptocurrencies’ success depends on earning users’ trust. Users are far more likely to trust a blockchain that thousands of developers have looked closely at, compared to a blockchain that doesn’t share its code and only a few people know the inner workings of it.

Another important advantage to open source cryptocurrencies is that they can be forked. If there’s a major incident, like the 2016 hack on Ethereum, a blockchain’s original code can be copied and modified. Ethereum, as we know it today, is a fork of the original open-source Ethereum blockchain, which continues to operate as Ethereum Classic.

Forking also enables innovation. Forks of Bitcoin like Bitcoin Cash and BitcoinSV offer faster transaction speeds for peer-to-peer payments than Bitcoin itself, for example. There are many more forks that developers have used to test out new projects, but which haven’t achieved widespread success.

Which Crypto Is Open-Source?

Some of the most popular projects on the market are open-source. Here’s the ultimate open-source cryptocurrency list:

Is Blockchain Open-Source?

Cryptocurrencies rely on blockchains, digital ledgers that keep track of every transaction happening with a digital currency. While cryptocurrencies get most of the investors’ attention, blockchains are what enable the crypto world to spin.

What Blockchains Are Open-Source?

When new blockchains are created, they often come with their cryptocurrencies. For example, the Bitcoin blockchain has BTC, the Ethereum blockchain has ETH, and the Avalanche blockchain has AVAX.

However, there can also be other cryptocurrencies built on top of these blockchains. ERC20 tokens like TAMA, LBLOCK, and LINK are built on top of the Ethereum blockchain.

This development is enabled by the fact that these are open-source blockchains. Developers can see the code of an open-source blockchain, so they know how to create new projects on top of it that will work seamlessly with the underlying chain.

Best Open-Source Cryptocurrencies Reviewed

Want to know more about open-source cryptocurrencies? We’ll take a closer look at some of the best open-source blockchain projects for 2024, including new crypto projects:

1. Tamadoge (TAMA)

Tamadoge is the best open-source cryptocurrency. It’s a play-to-earn crypto game that builds on the popular doge meme. In Tamadoge, players can purchase NFT pet

s that they nurture on their way to adulthood. Each pet starts

 with random stats, strengths, and weaknesses, but the way players care for their pets also impacts how they develop.

Once NFT pets reach adulthood, players can battle them against other players’ pets in the Tamadoge virtual arena. Winners climb the game’s leaderboards and earn TAMA crypto tokens as a reward.

TAMA is an open-source ERC-20 token that forms the basis of Tamadoge’s in-game economy. Players can use TAMA to purchase more NFT pets (there’s no limit on how many NFTs can be minted) or to buy in-game upgrades that can help their pets in battle.

What makes TAMA so interesting is that it’s a deflationary token. With every purchase in the Tamadoge marketplace, 5% of the TAMA used for the transaction is removed from circulation and burned. That means that the supply of TAMA is constantly decreasing. Moreover, the supply of TAMA decreases more quickly the more people that play Tamadoge and the more demand for the coin rises.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

2. Battle Infinity (IBAT)

Battle Infinity is a new open-source crypto project that has crypto enthusiasts excited. This is a new metaverse NFT project where developers can create their mini-games alongside games built by the Battle Infinity team. Users within the Battle Infinity ecosystem will be able to choose their own virtual experiences and even create custom games.

The team behind Battle Infinity is kicking off metaverse gaming with a fantasy sports game called IBAT Premier League. This is modeled on India’s highly popular Indian Premier League for cricket. Players will be able to assemble their teams and then see who scores the most points throughout the season.

Battle Infinity review

Winners of the IBAT Premier League will earn IBAT, the native cryptocurrency of the Battle Infinity metaverse. IBAT can be used to purchase NFT passes that are required to play IBAT Premier League as well as accessories and upgrades from the Battle Infinity marketplace. Players can also stake IBAT to earn interest on crypto and developers can use it to build new mini-games in the Battle Infinity metaverse.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

3. Cardano (ADA)

Cardano is an open-source blockchain project that’s designed to compete with Ethereum. Whereas Ethereum uses a proof of work algorithm to validate transactions, Cardano uses a proof of stake algorithm. That enables this blockchain to process transactions much more quickly than the Ethereum blockchain, resulting in lower fees and better experiences for users.

Cardano’s development has been completely open source, incorporating a wide range of developers. The team behind the project recently rolled out support for smart contracts and made Cardano backward-compatible with decentralized apps built on Ethereum, dramatically increasing the capabilities of this blockchain.

The native cryptocurrency of the Cardano blockchain is ADA, one of the largest cryptos by market cap in 2024. Interestingly, new cryptocurrencies can be launched on the blockchain using the same code as ADA, meaning that this cryptocurrency could have peers in the future as more developers build on Cardano.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

4. Waves (WAVES)

Waves is a unique open-source blockchain platform that’s designed to make it as easy as possible for non-developers to launch crypto projects. With Waves, anyone can launch a new cryptocurrency, NFT collection, or decentralized app using tools that are familiar to any traditional web developer. While Waves supports smart contracts, the platform also offers simple scripts that can run on the Waves blockchain.

There are many popular projects now running on the open-source Waves blockchain. Some of the best-known include Neutrino, Puzzle Swap, and In addition, Waves itself has a decentralized exchange that users can take advantage of to increase the interoperability of their blockchain projects.

The WAVES token is the native cryptocurrency of the Waves blockchain. It’s used to pay for transactions and account fees on Waves. In addition, WAVES holders are entitled to a portion of the fees the platform collects.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

5. Tether (USDT)

Tether is the world’s largest stablecoin by market cap, and it’s completely open source. The goal behind USDT is to create digital cash. Each USDT is equivalent to 1 US dollar. Investors can hold USDT just like they would hold dollars, but they can also quickly swap USDT for any other ERC20 token whenever an investment opportunity presents itself.

The code behind this stablecoin shows exactly how each USDT can be redeemed for one actual US dollar and reveals the mechanisms for minting and burning new USDT.

Interestingly, while the code behind USDT is open source, this is a case where there is a company behind the code. Tether Limited, Inc. is responsible for making sure that every USDT is backed by dollars somewhere in the real world. The company uses a combination of different assets to accomplish this, including dollars, treasury bills, other currencies, and more.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Best Open-Source Crypto Wallets

Users need to have just as much trust in their crypto wallets as they do in the blockchain that a cryptocurrency runs on. After all, if a wallet has a bug that allows hackers to access it, an investor could lose some or all of their hard-earned cryptocurrency.

That’s why many crypto wallets are open source. Developers around the world can look at the code of an open-source crypto wallet and call attention to any issues with the code that could endanger users’ funds. Some open-source crypto wallets even offer bounties to developers who spot bugs and alert the team behind the wallet software.

Of course, many crypto wallets aren’t open source. Some wallet developers publish only parts of their source code to offer transparency without giving up their intellectual property. This is especially the case for paid crypto wallets.

If you’re looking for the best open-source cryptocurrency wallet, there are many options. Here are several top crypto wallets that are open-source:

  • Metamask
  • Electrum
  • Mycelium
  • AlphaWallet
  • MyEtherWallet


Open-source crypto enables anyone to inspect the digital currency’s code, increasing trust and opening new avenues for innovation. For investors in search of the best open-source cryptocurrency in 2024, we recommend Tamadoge and Battle Infinity.

Battle Infinity is developing an open-source metaverse, while Tamadoge is building an open-source play-to-earn crypto game. TAMA is available on presale for a limited time only.

Tamadoge - The Play to Earn Dogecoin

Our Rating

  • '10x - 50x Potential' - CNBC Report
  • Deflationary, Low Supply - 2 Billion
  • Listed on Bybit, OKX, Bitmart, LBank, MEXC, Uniswap
  • Move to Earn, Metaverse Integration on Roadmap
  • NFT Doge Pets - Potential for Mass Adoption

Battle Infinity - New Metaverse Game

Our Rating

Battle Infinity
  • Listed on PancakeSwap and LBank -
  • Fantasy Sports Themed Games
  • Play to Earn Utility - IBAT Rewards Token
  • Powered By Unreal Engine
  • Solid Proof Audited, CoinSniper Verified
Battle Infinity


What does open source mean in crypto?

Is ETH open source?

Is Dogecoin open source?

Is Bitcoin open source?

Are all blockchains open-source?