• 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

10 months 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.

Other news

Polymarket's Forecast: Bitcoin May Reach $115,000

chest

Polymarket predicts Bitcoin price to hit $115,000, creating excitement among traders and increasing trading volumes.

user avatarGiorgi Kostiuk

Bitcoin Sets New Boundaries: Rise to $118,000 and Prospects of $150,000

chest

Bitcoin surged sharply in price, opening up new opportunities for a rally amidst changing market dynamics.

user avatarGiorgi Kostiuk

How AI is Changing Creative Professions: Rights and Opportunities for Authors

chest

Discussion of the research findings on the impact of AI on creative professions and the potential of decentralized AI.

user avatarGiorgi Kostiuk

Robinhood Launches Staking for Ethereum and Solana on Its U.S. Platform

chest

Robinhood launches staking for Ethereum and Solana, making cryptocurrencies more accessible to retail investors.

user avatarGiorgi Kostiuk

Make Brand: Revolutionizing Early-Stage Brand Financing

chest

Make Brand is a decentralized crowdfunding platform on Solana offering a new approach to startup financing.

user avatarGiorgi Kostiuk

Investments in Bitcoin and Ether ETFs Reach Historic Records

chest

Investors in Bitcoin and Ether ETFs marked their second-largest daily inflows in history.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.