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

Bitcoin Futures Traders Abandon Crypto for Stablecoin Margin

chest

Bitcoin futures traders have largely abandoned using Bitcoin as collateral for their positions, opting for stablecoin-backed positions to avoid risks associated with price drops.

user avatarFilippo Romano

Gold Prices Surge to Three-Month High

chest

Gold prices surged to a three-month high, reaching $4,696.18 an ounce, driven by a weaker dollar and falling Treasury yields.

user avatarEmily Carter

BNB Smart Chain Set to Activate Pasteur Hard Fork

chest

BNB Smart Chain is set to activate its Pasteur hard fork on August 25, introducing significant network changes.

user avatarKaterina Papadopoulou

TAC Halts Block Production Due to Supply Exploit

chest

TAC, a Cosmos-based EVM sidechain connected to the TON ecosystem, has halted block production after a supply-related exploit.

user avatarTomas Novak

The Need for Reliable Data in Real Estate Tokenization

chest

The need for reliable pricing data in real estate tokenization is crucial due to the unique challenges it faces compared to liquid crypto assets.

user avatarMaya Lundqvist

TON Foundation to Permanently Shut Down Legacy Bridge on September 1

chest

The TON Foundation has confirmed the permanent shutdown of its legacy bridge on September 1, requiring users to transition their wrapped TON and related assets back to native forms.

user avatarLeo van der Veen

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.