Linux and Hedera Launch Decentralized Trust Fund LFDT with Over 100 Members
The Linux Foundation has created a software foundation to serve as an umbrella organization for open-source projects in the decentralized ecosystem. The Linux Foundation Decentralized Trust Fund (LFDT) boasts over 100 members, including all members of the Hyperledger Foundation, Hedera, and 13 new members. Hedera is the leading member of the trust fund, joining the likes of Accenture, DTCC, and Hitachi. Hedera has contributed its entire source code, including its hashgraph consensus algorithm, to the LFDT. This algorithm will be known as Project Hiero. Hedera's source code governance will transition to the Linux Foundation, while the Hedera Governing Council will retain operational governance of the network. Another new member of the LFDT, wallet-as-a-service provider Dfns, has contributed its key management system to the trust, which will be known as Project Lockness. (Cointelegraph)