Ethereum

Hedera

Foundation

BlackRock

Hedera, a decentralized public network, announced that it has become a founding premier member of the Linux Foundation’s newly launched decentralized trust initiative.
The decentralized network contributed its entire source code, including its hashgraph consensus algorithm and all core services, tools and libraries, to the Linux Foundation.
Hedera’s contribution, which forms the new project “Hiero,” aims to allow developers to collaborate on decentralized trust technologies globally under an open-source and inclusive framework.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/cardano-hedera-join-derec-alliance" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Hedera, IOHK join DeRec Alliance as final founding members</a>
<h2 id="project-hiero">Project Hiero</h2>
Hedera’s decision to transfer its entire codebase to the LF Decentralized Trust initiative indicates a substantial shift toward decentralization.
Daniela Barbosa, GM of decentralized technologies at the Linux Foundation and executive director of LF Decentralized Trust, told Cointelegraph that open-source development is “essential for decentralized technologies.”
<blockquote>
 “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.”
</blockquote>
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/hederas-hbar-token-pumps-nearly-one-hundred-percent-misinterpreted-blackrock-announcement" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Hedera’s HBAR token pumps 96% on misinterpreted BlackRock announcement</a>
<h2 id="implications-for-developers">Implications for developers</h2>
As Charles Adkins, president of Hedera, explained to Cointelegraph, the open-source model is anticipated to benefit developers by fostering collaboration and interoperability.
<blockquote>
 “By contributing Hedera’s codebase to Hiero under Linux Foundation’s Decentralized Trust, developers gain access to a more open, collaborative environment.”
</blockquote>
Adkins explained that this development allows developers from “various ecosystems to engage with Hedera’s technology more easily, accelerating innovation and adoption." Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/blackrock-no-commercial-relationship-hedera-hbar-token-falls" rel="noopener noreferrer nofollow" target="null" text="null" title="null">BlackRock has ‘no commercial relationship’ with Hedera, HBAR sinks 32%</a>
<h2 id="hedera-joins-the-derec-alliance">Hedera joins the DeRec Alliance</h2>
On Sept. 5, Hedera and Cardano’s development arm, Input Output (IOHK), became the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/coinbase-stand-with-crypto-nft-legal-defense-fund-a16z-opensea" rel="noopener noreferrer nofollow" target="_self" text="null" title="https://cointelegraph.com/news/coinbase-stand-with-crypto-nft-legal-defense-fund-a16z-opensea">final founding members of the Decentralized Recovery Alliance (DeRec Alliance).</a>
The two final members will serve on the Technical Oversight Committee for the next two years, helping shape policies and standards that simplify user experience and facilitate crypto recovery.
Leemon Baird, chief scientist at Hashgrapha and co-founder of DeRec, told Cointelegraph that it was “great to see the industry coming together” to address a “critical need for a safety net.” Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/simple-change-save-ethereum-roadmap-to-hell/" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Proposed change could save Ethereum from L2 ‘roadmap to hell’</a>

Hedera contributes entire codebase to Linux Foundation

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Cointelegraph

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