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

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  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.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Traders Predict Early Release of OpenAI's GPT-6 Model

chest

Prediction market traders are optimistic about the early release of OpenAI's GPT-6 model, estimating a 59% chance of launch by September 15.

user avatarTando Nkube

Visa Seeks New Crypto Stablecoin Partner for Global Settlements

chest

Visa is seeking a new crypto stablecoin partner to enhance its global settlement capabilities after the acquisition of its previous partner, BVNK, by Mastercard.

user avatarKofi Adjeman

AMD's Gaming Division Struggles Amid AI Market Concerns

chest

AMD's gaming division faces challenges with a 31% revenue dip, raising concerns about its ability to protect stock value amid potential AI market fluctuations.

user avatarSatoshi Nakamura

Michael Burry Warns of Potential AI Bubble Burst

chest

Michael Burry warns of a potential AI bubble burst that could lead to significant losses in tech stocks, particularly for companies like AMD.

user avatarNguyen Van Long

Nike Stock Hits 12-Year Low Amid Rebound Speculation

chest

Nike's stock closed at a 12-year low of $39.09, raising concerns about its future performance and potential for a rebound.

user avatarJesper Sørensen

Payward Joins Project Glasswing to Boost Cybersecurity Efforts

chest

Payward, the parent company of Kraken, has joined Anthropics Project Glasswing to enhance cybersecurity by utilizing Claude Mythos 5 for identifying security vulnerabilities.

user avatarRajesh Kumar

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.