The Linux Foundation has recently launched a decentralized trust initiative, and Hedera, a decentralized public network, has announced that it is transferring its codebase to the initiative.
The Linux Foundation received the decentralized network’s complete source code, encompassing its hashgraph consensus algorithm, as well as all essential services, tools, and libraries.
The objective of Hedera’s contribution, which is to establish the new project “Hiero,” is to facilitate the global collaboration of developers on decentralized trust technologies within an open-source and inclusive framework.
Hierarchy of Projects
Hedera’s decision to transfer its entire codebase to the LF Decentralized Trust initiative suggests a significant shift toward decentralization.
According to Daniela Barbosa, the GM of decentralized technologies at the Linux Foundation and the executive director of LF Decentralized Trust, open-source development is “essential for decentralized technologies,” as she stated in an interview with Cointelegraph.
“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.”
Consequences for developers
Developers are expected to benefit from the open-source paradigm by promoting collaboration and interoperability, as Charles Adkins, president of Hedera, explained to Cointelegraph.
“By contributing Hedera’s codebase to Hiero under Linux Foundation’s Decentralized Trust, developers gain access to a more open, collaborative environment.”
Adkins clarified that this advancement enables developers from “a variety of ecosystems to more easily interact with Hedera’s technology, thereby expediting innovation and adoption.”
Hedera becomes a member of the DeRec Alliance
On September 5, the Decentralized Recovery Alliance (DeRec Alliance)’s final founding members were Hedera and Cardano’s development arm, Input Output (IOHK).
The two final members will be a part of the Technical Oversight Committee for the next two years, where they will assist in developing policies and standards that simplify the user experience and facilitate crypto recovery.
Leemon Baird, the chief scientist at Hashgrapha and co-founder of DeRec, expressed his enthusiasm for the industry’s collaboration in addressing the “critical need for a safety net” in an interview with Cointelegraph.
