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As of January 2021, GitHub hosts over 200 million repositories, allowing developers to utilize open-source resources without reinventing the wheel. However, the presence of over 200 open-source licenses, with about half approved by the Open Source Initiative, poses a challenge for developers in choosing compatible software while ensuring project compliance. This video highlights the most commonly used open-source licenses, including MIT, Apache, MPL, and GPL. It emphasizes that permissive licenses like MIT, ISC, 2-Clause BSD, and Apache 2 empower developers to use, modify, and redistribute software, including the allowance for proprietary derivative works. For a deeper exploration of the topic, viewers are directed to a linked video.