Decentralized public network Hedera has announced that it’s now a founding premier member of the Linux Foundation’s new decentralized trust initiative. As part of this move, Hedera has shared its complete source code with the Linux Foundation, including its hashgraph consensus algorithm and all core services, tools, and libraries.
Hedera’s new project, Hiero, aims to help global developers collaborate on decentralized trust technologies. It focuses on creating an open-source and inclusive environment for collaboration. Furthermore, Hedera’s decision to move its entire codebase to the LF Decentralized Trust initiative shows a major step towards supporting decentralization.
Hedera and Cardano join DeRec Alliance
General Manager of Decentralized Technologies at the Linux Foundation and Executive Director of LF Decentralized Trust, Daniela Barbosa, stated that open-source development is important for decentralized technologies. At LF Decentralized Trust, he believes that combining open source with open development and governance within a neutral foundation is key to the future of decentralized technologies.
Meanwhile, this will drive adoption across enterprises, governments, and app ecosystems. Consequently, The President of Hedera, Charles Adkins, explained that the open-source model is expected to help developers by encouraging teamwork and making different systems work well together. He said:
When developers contribute Hedera’s codebase to Hiero under the Linux Foundation’s Decentralized Trust initiative, they get to work in a more open and collaborative environment.
Additionally, Adkins said this change makes it easier for developers from different tech environments to work with Hedera’s technology, which should speed up both innovation and adoption. On Sept. 5, Hedera and Cardano’s development team, Input Output (IOHK), joined as the last founding members of the Decentralized Recovery Alliance (DeRec Alliance).
For the next two years, they’ll be part of the Technical Oversight Committee, where they’ll help set policies and standards to enhance user experiences and crypto recovery. Moreover, Hashgraphs chief scientist and co-founder of DeRec Leemon Baird said it was “fantastic to see the industry unite” to tackle a “crucial need for a safety net.”
Related | CEX.io revives UK services amid FCA’s stricter guideline
