Hedera has announced that it has become a founding member of the Linux Foundation’s new decentralized trust initiative, Cointelegraph reported.
Hedera contributed all of its source code, including the hashgraph consensus algorithm and core services, tools, and libraries, to the Linux Foundation as a new project called "Hiero".
Hedera’s move marks a major shift toward decentralization. Daniela Barbosa, general manager of decentralized technologies at the Linux Foundation, said open source development is critical to decentralized technology.
Hedera President Charles Adkins explained that the open source model will benefit developers by promoting collaboration and interoperability, accelerating innovation and adoption.
On September 5, Input Output (IOHK), the development arm of Hedera and Cardano, became a founding member of the Decentralized Recovery Alliance (DeRec Alliance) and will serve on the Technical Oversight Committee for the next two years.
