Hedera – a distributed public ledger for Web 3 dapps – recently voted to buy the intellectual property rights for the hashgraph consensus algorithm from Swirlds, Inc., one of the Hedera Governing Council’s founding members. Furthermore, the project will be shifting to an open-source code model this year.
Hedera’s Decentralization Plans
According to a press release shared with CryptoPotato on Wednesday, the transition to open-source will take place under the Apache 2.0 license. Up until now, Hedera has used an “open review” method, meaning that code was viewable for public scrutiny, but not editable.
Furthermore, Hedera plans to dissolve its C-suite roles in order to transfer more power to the Hedera Governing Council. Doctors Leemon Baird and Mance Harmon – respectively CTO and CEO of Hedera – will now transition to equivalent positions at Swirlds, Inc. Hedera states this is part of its mission to remove all centralized staff structure from the project.
To that end, t
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