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

by Giorgi Kostiuk

2 years ago

Made with AI

Project Hiero
Implications for Developers
Hedera Joins the DeRec Alliance

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.

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