What’s the Future of Distributed Ledgers?

07/02/24 • 23 min

Blockchain technology continues to drive innovation despite declining hype, with Distributed Ledgers (DLTs) offering secure, decentralized digital asset transactions. In an On the Road episode of The New Stack Makers recorded at Open Source Summit North America, Andrew Aitken of Hedera and Dr. Leemon Baird of Swirlds Labs discussed DLTs with Alex Williams.

Baird highlighted the Hashgraph Consensus Algorithm, an efficient, secure distributed consensus mechanism he created, leveraging a hashgraph data structure and gossip protocol for rapid, robust transaction sharing among network nodes. This algorithm, which has been open source under the Apache 2.0 license for nine months, aims to maintain decentralization by involving 32 global organizations in its governance. Aitken emphasized building an ecosystem of DLT contributors, adhering to open source best practices, and developing cross-chain applications and more wallets to enhance exchange capabilities. This collaborative approach seeks to ensure transparency in both governance and software development. For more insights into DLT’s 2.0 era, listen to the full episode.

Learn more from The New Stack about Distributed Ledgers (DLTs)

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Learn more from The New Stack about Distributed Ledgers (DLTs)

IOTA Distributed Ledger: Beyond Blockchain for Supply Chains

Why I Changed My Mind About Blockchain

Join our community of newsletter subscribers to stay on top of the news and at the top of your game.

Previous Episode

Linux xz and the Great Flaws in Open Source

The Linux xz utils backdoor exploit, discussed in an interview at the Open Source Summit 2024 on The New Stack Makers with John Kjell, director of open source at TestifySec, highlights critical vulnerabilities in the open-source ecosystem. This exploit involved a maintainer of the Linux xz utils project adding malicious code to a new release, discovered by a Microsoft engineer. This breach demonstrates the high trust placed in maintainers and how this trust can be exploited. Kjell explains that the backdoor allowed remote code execution or unauthorized server access through SSH connections.

The exploit reveals a significant flaw: the human element in open source. Maintainers, often under pressure from company executives to quickly address vulnerabilities and updates, can become targets for social engineering. Attackers built trust within the community by contributing to projects over time, eventually gaining maintainer status and inserting malicious code. This scenario underscores the economic pressures on open source, where maintainers work unpaid and face demands from large organizations, exposing the fragility of the open-source supply chain. Despite these challenges, the community's resilience is also evident in their rapid response to such threats.

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Next Episode

Why Framework’s ‘Right to Repair’ Ethos Is Gaining Fans

In a recent episode of The New Stack Makers, recorded at the Open Source Summit North America, Matt Hartley, Linux support lead at Framework, discusses the importance of the "right to repair" movement. This initiative seeks to allow consumers to repair and upgrade their own electronic devices, countering the trend of disposable electronics that contribute to environmental damage. Framework, a company offering modular and customizable laptops, embodies this philosophy by enabling users to replace outdated components easily.

Hartley, interviewed by Chris Pirillo, highlights how Framework’s approach helps reduce electronic waste, likening obsolete electronics to a form of "technical debt." He shares his personal struggle with old devices, like an ASUS Eee, illustrating the need for repairable technology. Hartley also describes his role in fostering a DIY community, collaborating closely with Fedora Linux maintainers and creating user-friendly support scripts. Framework’s community is actively contributing to the platform, developing new features and hardware integrations.

The episode underscores the growing momentum of the right to repair movement, advocating for consumer empowerment and environmental sustainability.

Learn more from The New Stack about repairing and upgrading devices:

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