Industry

Microsoft Acquires GitHub in $7.5 Billion Deal, Could Monero Move to GitLab?

Thomas Delahunty | June 5, 2018 | 10:00 pm
GitHub
Industry

Microsoft Acquires GitHub in $7.5 Billion Deal, Could Monero Move to GitLab?

Thomas Delahunty | June 5, 2018 | 10:00 pm

In a massive deal worth $7.5 billion, Microsoft has acquired GitHub, the code repository and open-source hub for developers.

Microsoft and GitHub

According to Twitter, the move has some coders worried and may pose problems for privacy-oriented cryptocurrencies like Monero, which utilize the platform.

Microsoft is taking on a lot of responsibility in the acquisition, the company’s CEO, Satya Nadella, explained in blog post detailing the move. GitHub, the San Francisco-based company that allows developers to contribute and discover new code, is the go-to for coders across the globe. In fact, more than 28 million developers use GitHub as a repository. Microsoft wants this to continue, with plans to allow developers to collaborate on and deploy their code to the cloud, Nadella wrote.

Nadella added that GitHub will remain open and will operate independently, although not everyone is convinced.

Nat Friedman, co-founder of mobile-app development startup Xamarin – acquired by Microsoft in 2016 – will lead the business as CEO. GitHub co-founder Chris Wanstrath is staying with Microsoft as a technical fellow focused on currently unnamed strategic software initiatives.

Despite the reassurance from Nadella, since the deal was announced reports from tech blogs indicate that another code repository, GitLab, GitHub’s biggest competitor, has seen spikes in the use of its platform.

Monero

Monero (XMR) is a cryptocurrency that’s designed to be anonymous. With Monero, users don’t have to trust third-parties to keep their funds safe. Unlike some leading cryptocurrencies, the Monero blockchain obfuscates all receiving and sending addresses, and transaction amounts to provide additional privacy to its users. This way, no one can link the Monero blockchain to a particular user or make a real-world identity match.

This, and the fact that the coin can be mined at home without the need for specialized mining rigs, makes the coin increasingly popular. According to CoinMarketCap.com, Monero currently has a market capitalization of almost $2.7 billion.

Shortly after the acquisition was announced, a conversation was opened on Reddit with the question: “Microsoft is going to buy Github. Do you think Monero should stay on Github or leave?”

In response, a member of the XMR core team said that a migration to GitLab is possible if that’s what the coin’s developers want, writing: “If the dev group thinks it’s wise.”

The developer added that Monero already has a mirror code on GitLab, which would theoretically make the transition seamless. According to TechCrunch, the apprehension is likely because some people believe that Microsoft has a questionable history regarding other people’s products. Nadella, though, disagrees, writing in the official announcement:

“Microsoft is a developer-first company, and by joining forces with GitHub we strengthen our commitment to developer freedom, openness and innovation.”

Featured image from Shutterstock.
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  • a

    Billion* how do mathe?

  • Artois

    LOL Worst article ever.
    How about this newsflash? “Man buys crypto currency and is worried it may fall, some users such as his mother is worried and asked if its safe since theres nothing to back it”.

    Either you guys ran out of news or this is the worst fud ever. Might as well post that coinbase hack rumor with the database that was for sale for $5.99 LOL what a joke.

    This just in, lets ask another reddit user what he thinks the price of bitcoin will be in 10 years.

  • fujak

    how long till they change the T&Cs to say that all code uploaded to github is the property of microsoft……

    • Mike Schell

      one billion years

  • 4siteonline

    answer me this – why wouldnt they build one on EOS before Block.One do

  • dickiefresh

    YOUR ARTICLE TITLE SAYS MILLION! Does this website ever check content before posting it? Or are you just allowed to run rampant throwing your shit at each other until someone says publish.

  • cryptman

    Oh boy!!! Another writer with no clue about crypto…lol

  • Mike Schell

    If articles like this keep appearing in TradingView’s newsfeed, I’m going to stop clicking on them altogether. Gad.

  • Crypto

    Correction should state Microsoft is a developer-first company, if all developers submit ID verification first in accordance with the new policy.

  • Jerome Paulos

    You have a typo in the title. It is billion, not million.

  • Jared Odulio

    will Tamadcoin move to GitLab , no need

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