Značka: Open Source

Hedera Governing Council to buy hashgraph IP, and open-source projects code

The Hedera Governing Council has officially voted to purchase the intellectual property rights to the hashgraph consensus algorithm from founding architect and inaugural member of the council, Swirlds Inc, for an undisclosed fee.A Jan. 19 announcement also details plans to transition their code to an open-source model this year under Apache 2.0 license, in addition to transferring core team members such as CEO Mance Harmon and chief scientist Dr. Leemon Baird from Hedera to Swirlds Inc. as the CEO and CTO respectively, and deploying community staking and node opportunities, among other updates.Hedera Hashgraph is an enterprise-grade distributed ledger technology designed to create decentralized applications in the Web3 sphere.It’s governing council is composed of 25 corporations including Google, IBM, Tata Communications and Boeing, who each support the project’s decentralized ambitions through the establishment and operation of blockchain nodes, and participating in governance voting, among other duties.Hedera’s evolution to an open-source technology differs from their current model of open-review, in which the code appears as publicly visible, but is not accessible for editing or developmental purposes by the global community.The decision to enact this change came about following conclusive technical assessments that the probability of a network split within the Hedera ecosystem is highly unlikely, and therefore the patent upholding legislative exclusivity to the technology can be safely distributed into the public domain, with assurances that it will not serve as an advantageous tool for market competitors, but rather a mechanism to foster internal growth.Baird, the newly appointed CTO of Swirlds, and co-chair of the Hedera Council’s Technical Steering and Product Committee, said:“From day one, I have had a vision to enable ‘Shared Worlds’, where anyone can gather, collaborate, conduct commerce, and control their own online footprint.Baird also noted that the next challenge for Hedera is to expand from a Layer 1 protocol “to deliver products and services that enable others to leverage the power of the Layer 1 protocol to create value.”Harmon and Baird, among others are scheduled to host a YouTube webinar at 11 a.m. ET on Jan. 26 to discuss the Shared Worlds initiative in further detail, alongside developments over the coming months.From a technical perspective, Hedera’s native token, HBAR has largely consolidated in the $0.33 to $0.25 price range since the turn of the year, currently valued at $0.257.Related: UK air traffic tech firm uses Hedera Hashgraph to track dronesEarlier this month, Hedera partnered with London-based tech firm, Neuron Innovations on a drone initiative designed to collate and store quantitative data metrics on an array of sectors including commercial and military aviation, as well as government initiatives.Supported by the United Kingdom’s Department for Business, Energy and Industrial Strategy, the pilot scheme — conducted in April and October 2021 — is expected to support the adoption of drones into the existing air traffic transportation system.

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Bitcoin hash rate jumps to ATH as Jack Dorsey confirms Block's mining system

Bitcoin (BTC) hash rate has returned to all-time highs despite losing a key hash rate contributor. Meanwhile, amid lackluster price action, Block CEO Jack Dorsey confirmed the creation of an open Bitcoin mining system.The BTC space continues to surprise and bewilder critics and fanatics alike. Kazakhstan, the network’s second most important BTC mining country, experienced an internet blackout last week due to civil unrest. However, the hash rate faltered no more than 13.4% before regathering to reach all-time highs.As shown in the below data from Glassnode, with the price checking into the $42,000 range yesterday, the mean hash rate hit 215 million terahash per second.Bitcoin miners continue to show resilience and as Fidelity Digital Assets observed, the network is even “more widely distributed around the world.” Cointelegraph previously reported that Block would develop open-source Bitcoin mining systems in 2022 due to job postings on Linkedin. Yesterday, Jack Dorsey confirmed the hunch, retweeting comments made by Thomas Templeton, a general manager at Block. In the Twitter thread, Templeton addressed issues relating to the availability, reliability, performance, and products pertaining to BTC mining. In sum, Block’s goals for BTC mining are the following: “We want to make mining more distributed and efficient in every way, from buying, to set up, to maintenance, to mining. We’re interested because mining goes far beyond creating new bitcoin. We see it as a long-term need for a future that is fully decentralized and permissionless.”Related: Jack Dorsey announces Bitcoin Legal Defense FundBuilding a BTC mining system “out in the open” and alongside the community is no mean feat. Econoalchemist, an established home BTC miner and BTC magazine contributor, tweeted that developing products in open source would “build trust where no reputation exists currently and also might shift consumer expectations in that direction.”Ultimately, Block’s mining solutions may pave the way for more DIY miners to enter the space. It seems the sky’s the limit for the hash rate. Well, at least until the next 2016 blocks when the network difficulty resets.

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