CandleFocus Hedera Becomes Premier Member of LF Decentralized Trust: Bullish Signal for HBAR?
2024-09-16
Author: Content Editor
Hedera has become a founding Premier Member of the LF Decentralized Trust, signaling its commitment to decentralization. The company has contributed its entire source code to the foundation, potentially impacting the price of its native token, HBAR. The Linux Foundation now has access to Hedera's core network software, which could attract more developers and enterprises to the Hedera network and increase the adoption of HBAR. This could lead to higher liquidity and trading volume, potentially pushing the token's value upward. The open-source nature of Hiero, the project associated with the LF Decentralized Trust, may also attract institutional interest and lower barriers to enterprise adoption, further enhancing the value growth for HBAR.
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