Tuesday, May 05, 2015

Bitcoin API provider BitGo Commits to Defensive Patenting

The Bitcoin API provider, BitGo, recently received backlash for filing a patent for multi-sig technology the company developed. BitGo responded by announcing their adoption of the Innovator's Patent Agreement, which eliminates the ability for the company to use patents “offensively.” The company has continued to show their support for free technology by open sourcing their Chrome app today.

BitGo Co-Founder Michael Belshe, commented on the Reddit post, “First off, note that I also was the co-inventor of spdy, which has just recently become http/2.0. During the course of creating spdy, we filed a slew of patents. I, and the other engineers on the spdy team, all made sure that google was willing to give that IP away for free before we filed the patents. [...] Google came through on its promise to give away the IP.”

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