• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Hedera Joins Linux Foundation's Decentralized Trust Initiative, Contributing Entire Source Code

user avatar

by Giorgi Kostiuk

a year ago

  1. Project Hiero
  2. Implications for Developers
  3. Hedera Joins the DeRec Alliance


    4. The decentralized public network Hedera announced its participation in the Linux Foundation's new decentralized trust initiative.

    Project Hiero

    Hedera’s decision to contribute its entire codebase to the LF Decentralized Trust initiative indicates a significant shift toward decentralization. The entire source code, including the hashgraph consensus algorithm and all core services, tools, and libraries, is now available under the 'Hiero' project managed by the Linux Foundation. Daniela Barbosa, GM of decentralized technologies at the Linux Foundation and executive director of LF Decentralized Trust, stated that 'open-source development is essential for decentralized technologies.'

    At LF Decentralized Trust we believe that open source, combined with open development and open governance as part of a neutral foundation, is the future of decentralized technologies that will be adopted across enterprise, governments, and app ecosystems.Daniela Barbosa

    Implications for Developers

    As Charles Adkins, president of Hedera, explained, the open-source model is anticipated to benefit developers by fostering collaboration and interoperability. 'By contributing Hedera’s codebase to Hiero under Linux Foundation’s Decentralized Trust, developers gain access to a more open, collaborative environment,' said Adkins. He added that this development allows developers from 'various ecosystems to engage with Hedera’s technology more easily, accelerating innovation and adoption.'

    Hedera Joins the DeRec Alliance

    On September 5, Hedera and Cardano, through its development arm Input Output (IOHK), became the final founding members of the Decentralized Recovery Alliance (DeRec Alliance). These two final members will serve on the technical oversight committee for the next two years, helping to shape policies and standards that simplify user experience and facilitate crypto recovery. Leemon Baird, chief scientist at Hashgraph and co-founder of DeRec, stated that it was 'great to see the industry coming together to address a critical need for a safety net.'

    It’s great to see the industry coming together to address a critical need for a safety net.Leemon Baird

    Hedera's inclusion in the Linux Foundation and DeRec Alliance initiatives underscores the company's commitment to advancing decentralization and collaboration in the global developer community.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitget Launches KITEUSDT Futures Trading

chest

Bitget has officially launched KITEUSDT for futures trading, offering a maximum leverage of 25x.

user avatarDavid Robinson

Aljarrah Highlights Ripple's Role in XRP's Growth

chest

Aljarrah credits Ripple's On-Demand Liquidity product as a key driver for XRP's adoption in global payment corridors.

user avatarAndrew Smith

Ethereum ETF Experiences $500 Million Outflow Amid Institutional Concerns

chest

The US Spot Ethereum ETF has experienced a $500 million outflow over the last four trading sessions, indicating a declining risk appetite among institutional investors.

user avatarZainab Kamara

US Spot Bitcoin ETF Sees $13 Billion Outflow Amid Market Concerns

chest

The US Spot Bitcoin ETF has seen a significant outflow of $13 billion over the last four trading sessions, raising concerns among traders about declining market sentiment towards Bitcoin.

user avatarJacob Williams

Traders Turn Idle Crypto into Income with Lending Platforms

chest

Traders can earn interest on idle cryptocurrencies using lending platforms, generating returns instead of letting their assets sit idle.

user avatarSon Min-ho

Kalshi Reports Record Trading Volumes Amid Rising Interest

chest

Kalshi reports record trading volumes of $12 billion from October 27 to November 2, reflecting growing interest in prediction markets.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.