This move is all about helping developers from around the globe work together on new technology.
By becoming a founding member of the Linux Foundation’s Decentralized Trust initiative, Hedera is taking a big step towards open-source collaboration.
Hedera Boosts Global Collaboration by Sharing Code
On September 15th, Hedera announced it’s giving its entire source code to the Linux Foundation. This includes the hashgraph consensus algorithm, which helps the network run smoothly, and all the tools and libraries it uses. This contribution is called “Hiero” and aims to make it easier for developers everywhere to work on and improve decentralized technologies.
Hedera’s move is a game-changer because it opens up the door for more people to get involved in developing decentralized tech. By sharing its code, Hedera is making sure that developers from all over the world can build and improve on their technology. This is a big deal for tech fans and developers who want to collaborate on new ideas.
1/3 📢 @hedera is now a founding premier member of @linuxfoundation‘s new @lfdecentralized and has contributed its entire source code—including the hashgraph consensus algorithm and core services—as project Hiero. #OpenSource #HelloHiero
Read more: https://t.co/1I9qPoxF6C pic.twitter.com/MVjvbW3Fp0
— Hedera (@hedera) September 16, 2024
Daniela Barbosa, who leads decentralized technologies at the Linux Foundation, says that open-source development is crucial for the growth of decentralized tech. “It’s essential for decentralized technologies,” she told Cointelegraph. In other words, sharing code openly helps make sure everyone can join in and help create better technology.
What This Means for Developers and Open-Source Tech
For developers, this is like having the keys to the kingdom. With Hedera’s code available, they can now take a closer look, make improvements, and build new projects on top of it. This open approach means that ideas can spread quickly, and solutions can be found faster. It’s a win-win situation where more minds working together can lead to better results.
<
2/3 Say Hi to “Hiero”! 👋 Hiero will be managed by @lfdecentralized and operate under an open, inclusive charter. This will cultivate a dynamic open source ecosystem, while supporting key #Hedera applications like wallets, DEXs, SDKs, and cryptographic solutions. #HelloHiero… pic.twitter.com/VVFieHZGLs
— Hedera (@hedera) September 16, 2024
There are still questions about how the open-source community will use Hedera’s code. It’s a bit like opening a book to the public and hoping everyone follows the same rules. There might be challenges and disagreements, but the goal is to create a space where everyone can contribute and benefit.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
