Hedera Becomes Founding Member of Linux Foundation’s Decentralized Trust Initiative

Hedera Contributes Entire Codebase to Linux Foundation’s Project Hiero

Hedera, a prominent decentralized public network, has announced its entry as a founding premier member of the Linux Foundation’s newly launched Decentralized Trust Initiative. In a significant move towards decentralization, Hedera has contributed its entire source code, including the hashgraph consensus algorithm and all core services, tools, and libraries, to the initiative. This contribution will form the backbone of the new project, Project Hiero.

Project Hiero: A Step Towards Open-Source Decentralization

The goal of Project Hiero is to facilitate global collaboration on decentralized trust technologies within an open-source and inclusive framework. By transferring its entire codebase to the Linux Foundation’s Decentralized Trust initiative, Hedera is underscoring its commitment to advancing decentralized technologies.

Daniela Barbosa, General Manager of Decentralized Technologies at the Linux Foundation and Executive Director of LF Decentralized Trust, emphasized the importance of open-source development. She stated, “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 enterprises, governments, and app ecosystems.”

Benefits for Developers

Charles Adkins, President of Hedera, highlighted the advantages of this open-source model for developers. He explained, “By contributing Hedera’s codebase to Hiero under Linux Foundation’s Decentralized Trust, developers gain access to a more open, collaborative environment.” This initiative allows developers from various ecosystems to interact with Hedera’s technology more seamlessly, thus accelerating innovation and adoption.

Hedera Joins the DeRec Alliance

In another recent development, Hedera, along with Cardano’s development arm, Input Output (IOHK), has become a founding member of the Decentralized Recovery Alliance (DeRec Alliance). Both organizations will serve on the Technical Oversight Committee for the next two years, where they will help shape policies and standards to improve user experience and facilitate crypto recovery.

Leemon Baird, Chief Scientist at Hashgraph and co-founder of DeRec, commented, “It was great to see the industry coming together to address a critical need for a safety net.”

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