Hassan Maishera
On Monday, the Hedera team announced via X that it had become a founding premier member of Linux Foundation’s LF Decentralized Trust. The newly formed foundation will be the home for a growing ecosystem of blockchain, ledger, identity, interoperability, cryptographic, and related technologies, including all of the Hyperledger Foundation’s projects and communities.
Hedera has contributed the entirety of its source code—encompassing the hashgraph consensus algorithm, core services, and essential tools— to this global open-source foundation, where it will live as the "Hiero" project. Hiero will drive forward critical applications for the Hedera network, such as wallets, decentralized exchanges, SDKs, and advanced cryptographic solutions.
Hedera Hashgraph is a distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.0497 at press time, down 1% over the last 24 hours.
