• 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

Upexi Faces 19% Loss on Solana Treasury as Market Conditions Worsen

chest

Upexi's Solana treasury has faced a significant decline in value, dropping from a peak of $525 million to $262.3 million, resulting in a 19% paper loss amid worsening market conditions.

user avatarTomas Novak

Crypto Market Experiences Growth Amid Institutional Interest

chest

The crypto market is experiencing growth due to institutional interest and the anticipation of a Santa Claus rally.

user avatarTomas Novak

Matador Technologies Aims for 6,000 Bitcoin by 2027

chest

Matador Technologies aims to expand its Bitcoin holdings to approximately 6,000 BTC by 2027.

user avatarFilippo Romano

Matador Technologies Secures CAD 80 Million for Bitcoin Expansion

chest

Matador Technologies has received approval to raise CAD 80 million to increase its Bitcoin holdings to 1,000 by the end of 2026.

user avatarEmily Carter

Truemed Secures $34 Million in Series A Funding

chest

Truemed, a US wellness company, has successfully closed a $34 million Series A funding round led by Andreessen Horowitz to enhance its preventive health initiatives.

user avatarMaya Lundqvist

Analysts Predict Rise in HSAFSA Utilization Following Truemed's Funding

chest

Analysts predict an increase in HSAFSA utilization due to Truemed's funding.

user avatarKaterina Papadopoulou

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.