• 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

Arthur Hayes Advises Against Bitcoin Investment Until Fed Increases Money Supply

chest

Crypto analyst Arthur Hayes advises against investing in Bitcoin until the Federal Reserve increases money supply.

user avatarDiego Alvarez

Roman Storm Set for Retrial on Money Laundering Charges

chest

Federal prosecutors are moving to retry Roman Storm, co-founder of Tornado Cash, on charges of money laundering and sanctions violations.

user avatarKenji Takahashi

US Treasury Recognizes Legitimate Uses of Crypto Mixers

chest

This month, the US Treasury informed Congress that crypto mixers have legitimate uses, including protecting consumer privacy.

user avatarMaria Fernandez

Bitcoin Emerges as a Safe Haven Amid Geopolitical Tensions

chest

Bitcoin is gaining traction as a preferred safe haven asset during the ongoing Iran-US conflict, according to crypto expert Anthony Pompliano.

user avatarGustavo Mendoza

Ethereum Reclaims $2,000 Level Amidst Market Recovery

chest

Ethereum has regained the $2,000 level after weeks of volatility, signaling a brief relief for the market.

user avatarRajesh Kumar

TRON Becomes Gold Member of Agentic AI Foundation

chest

TRON has officially joined the Agentic AI Foundation as a Gold Member, securing a position on the Governing Board.

user avatarMiguel Rodriguez

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.