• 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

Nikita Bier's Critique of Crypto Twitter Sparks Community Backlash

chest

Nikita Bier criticizes Crypto Twitter engagement habits, leading to backlash from community figures.

user avatarTando Nkube

JPMorgan Introduces JPM Coin on the Canton Network.

chest

JPMorgan plans to deploy its US dollar deposit token, JPM Coin, onto the Canton Network to enhance digital cash settlement.

user avatarKofi Adjeman

Barclays Invests in Ubyx for Stablecoin Solutions

chest

Barclays has made its first strategic investment in Ubyx, a platform that facilitates stablecoin settlement within regulated environments.

user avatarNguyen Van Long

SONIC Wallet Transfers 24 Million Tokens, Sparking Speculation

chest

The SONIC main team wallet transferred 24 million tokens, worth approximately 2 million, to a new address, raising questions about financial motives.

user avatarSatoshi Nakamura

Litecoin Consolidates Near Support with Narrow Trading Range

chest

Litecoin's trading activity is currently focused near the support level of 8044, with resistance at 8291 limiting upward movement.

user avatarRajesh Kumar

Litecoin Faces Resistance at 8291 Amid Price Drop

chest

Litecoin's price has dropped to 8051, facing resistance at 8291 and support at 8044.

user avatarJesper Sørensen

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.