In a major move toward decentralization, Hedera, a prominent decentralized public network, has become a founding premier member of the Linux Foundation’s newly launched Decentralized Trust initiative. This development marks a significant shift in the blockchain ecosystem, with Hedera contributing its entire source code, including the revolutionary hashgraph consensus algorithm, to an open-source framework under the Linux Foundation.
This contribution forms the foundation of the newly minted project “Hiero,” aimed at fostering collaboration among developers worldwide on decentralized trust technologies. As part of the initiative, Hedera’s core services, tools, and libraries are now open to developers globally, potentially accelerating innovation in the space.
A Bold Step Toward Open-Source Development
Hedera’s decision to release its entire codebase under the Linux Foundation’s umbrella signals a powerful commitment to decentralization. Daniela Barbosa, General Manager of Decentralized Technologies at the Linux Foundation, emphasized the importance of open-source development in driving decentralized technologies forward. According to Barbosa, this collaborative environment is essential for building trust and fostering rapid advancements in blockchain and decentralized solutions.
Charles Adkins, President of Hedera, echoed these sentiments in a conversation with Cointelegraph. He noted that this open-source transition is a boon for developers, enabling easier access to Hedera’s technology. “This move will enhance interoperability and foster collaboration between various ecosystems, ultimately accelerating both innovation and adoption,” Adkins explained.
By contributing to Project Hiero, Hedera positions itself as a key player in shaping the future of decentralized trust technologies, allowing developers from diverse backgrounds to engage more deeply with the network’s capabilities.
Implications for Developers
For developers, this shift presents a unique opportunity. Hedera’s open-source model breaks down barriers to entry, enabling developers from different ecosystems to engage with its technology seamlessly. As a result, innovation is expected to flourish, and decentralized applications (dApps) could become more robust and interoperable across platforms.
The move is also likely to drive further adoption of Hedera’s technology, as developers can now more easily integrate its advanced consensus algorithm and other tools into their projects. The open-source nature of Project Hiero ensures that developers worldwide can collaborate, experiment, and build upon Hedera’s foundation, driving innovation in decentralized trust technologies.
Joining the DeRec Alliance
In addition to its participation in the Linux Foundation’s initiative, Hedera has also joined the Decentralized Recovery Alliance (DeRec Alliance). Alongside Cardano’s Input Output (IOHK), Hedera became a final founding member of this coalition on September 5. The two blockchain networks will serve on the DeRec Alliance’s Technical Oversight Committee for the next two years, shaping policies and standards for decentralized recovery solutions.
The DeRec Alliance aims to tackle a critical challenge in the crypto space: recovery mechanisms for lost or inaccessible crypto assets. Leemon Baird, co-founder of Hedera and chief scientist at Hashgraph, highlighted the importance of this collaboration, noting that the Alliance addresses an urgent need for a safety net in the industry.
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Hedera’s dual participation in both the Linux Foundation’s Decentralized Trust initiative and the DeRec Alliance showcases its commitment to advancing decentralization. As the industry moves toward greater transparency and collaboration, Hedera’s contributions to open-source development will likely have a lasting impact on how decentralized technologies evolve.
With its codebase now accessible to the global developer community and its role in shaping decentralized recovery standards, Hedera is poised to remain at the forefront of blockchain innovation.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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