Few days back Greenpois0n RC5 was launched to jailbreak your iDevice ( iPod Touch, iPhone 3G/4 and iPad) on iOS 4.2.1 . Just a while ago , Chronic Dev Team Member, Pod2G has just announced in a tweet mentioned to MuscleNerd, that the entire Greenpois0n RC5 project will become open source soon after 1 week they release the win32 build. This means that the source code of the tool for the jailbreak will be made available to the developers so they can study the tool and find , the way it works, or may be edit it to update for themselves.
The news, however is more beneficial to the renown hackers of the iPhone Dev Team, as they will be able to update there jailbreak tools, that is Redsn0w and the Pwnage Tool and will be able to jailbreak iOS 4.2.1 using untethered iOS exploit used in Greenpois0n RC5.
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