The Hedere Governing Board will purchase an IP hashgraph and open-source code for By Cointelegraph projects


The Hedere Board of Directors has officially voted to purchase the intellectual property rights to the hashgrap consensus algorithm from the founder and first member of the board, Swirlds Inc., for undisclosed fees.

Wednesday’s announcement also outlines plans to move their code to an open-source model this year under the Apache 2.0 license, with the transfer of core team members such as CEO Mance Harmon and chief scientist Leemon Baird of Hedera to Swirlds Inc. as CEO and Chief Technology Officer, respectively, and the implementation of community participation and node opportunities, among other updates.