It seems there is some debate on Reddit regarding the Coinomi wallet. Most people assume this solution is open source, but that is not entirely true. An earlier version of the code can be found on Github, but it is not the current code for the wallet. Moreover, their android repository is now marked as inactive. This causes some concern among cryptocurrency users, as a closed-source wallet is not to most people’s liking.
It is evident cryptocurrency wallet development has become a competitive business. In most cases, these wallets will have an audible source code on GitHub. In the case of Coinomi, that is not the case any longer. The company confirms their wallet is no longer open-sourced. The previous code can still be found on GitHub, but that is not what people are looking for. Instead, they want to see the current repository, which is off-limits. A rather strange turn of events, although a justifiable one as well.
Closed Source Coinomi wallet is Disconcerting
More specifically, a lot of wallets are closed source as of right now. This issue is not unique to Coinomi whatsoever. It is unclear why that is happening exactly, though. In the case of Coinomi, the wallet is under a proprietary license, which makes open sourcing it impossible. Certain parts of the wallet’s code can no longer be unveiled to the public…