• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Linux Foundation Announces Decentralized Trust Launch with Over 100 Members, Including Hedera

user avatar

by Giorgi Kostiuk

a year ago

  1. Overview of Linux Foundation Decentralized Trust Launch
  2. Hedera and Other Key Members Involvement
  3. Founded Projects and Their Importance


    4. Recently, the Linux Foundation launched the Decentralized Trust (LFDT) initiative, bringing together open source code for decentralized ecosystems. At launch, LFDT includes over 100 members, including the Hyperledger Foundation, Hedera, and 13 new participants.

    Overview of Linux Foundation Decentralized Trust Launch

    LFDT is created as an umbrella organization for open source decentralized ecosystems. At launch, the project involves over 100 members, including all participants of the Hyperledger Foundation and Hedera.

    Hedera and Other Key Members Involvement

    Hedera has become a premier member of LFDT, joining companies such as Accenture, DTCC, and Hitachi at this level. Hedera contributed its entire source code, including the hashgraph consensus algorithm, which will now be known as Project Hiero. The governance of Hedera's source code will be transferred to the Linux Foundation, while operational governance will remain with the Hedera Council.

    Although multi-party computation (MPC) holds great promise, its adoption has been slow due to a lack of trusted standards and industry caution. Lockness aims to change that.None

    Founded Projects and Their Importance

    Another new member of LFDT, wallet-as-a-service provider Dfns, contributed its key management system to the trust, now known as Project Lockness. Hyperledger Besu, now known simply as Besu, is the third most popular execution client for the Ethereum mainnet. It powers the Project mBridge central bank digital currency (CBDC) bridge and the Brazilian central bank’s wholesale CBDC project.

    We are launching with a powerful mix of ledger, identity, cryptography, interoperability, and implementation projects and a diverse, committed member base. Our mission is to drive collective innovation that delivers transparency, reliability, security, and efficiency on a global scale.Daniela Barbosa, Linux Foundation general manager of decentralized technologies and executive director of LFDT

    Thus, the launch of the Linux Foundation Decentralized Trust with over 100 participants, including leading technologies and innovative projects, promises significant changes and innovations in the world of decentralized ecosystems.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

GoCab Secures $45 Million Funding to Expand Drive-to-Own Model

chest

GoCab has successfully closed a $45 million funding round to enhance its drive-to-own model in emerging markets.

user avatarSatoshi Nakamura

Blockstream CEO Denies Financial Ties to Jeffrey Epstein

chest

Adam Back, CEO of Blockstream, denies any financial ties to Jeffrey Epstein, clarifying that the only past connection was through a fund linked to Joi Ito in 2014, which has since divested its stake.

user avatarKaterina Papadopoulou

The Importance of Decentralization in Blockchain

chest

Joaquin Mendes emphasizes the need for decentralized infrastructure to ensure compliance and transparency in the tokenized asset market.

user avatarTomas Novak

Vitalik Buterin Proposes Hard Reset for Ethereum Governance

chest

Vitalik Buterin proposes a hard reset for Ethereum governance, advocating a two-layer model combining prediction markets with anonymous voting to enhance accountability and prevent capture.

user avatarJesper Sørensen

Bitcoin Price Dips Below ETF Investors' Average Cost Level

chest

Bitcoin's price has dipped below the average cost level for ETF investors, leading to significant losses for those who entered last year. However, ETF investors reacted positively to this drop, with a net inflow of 561 million observed on Monday, suggesting they view this as an opportunity to enter the market rather than exit.

user avatarFilippo Romano

Ethereum ETFs Experience Mixed Trends Amid Bitcoin Inflows

chest

Ethereum ETFs face mixed trends with significant outflows, contrasting with Bitcoin ETF inflows.

user avatarEmily Carter

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.