• 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

US Military Operations Target ISIS in Syria

chest

Recent US military operations have focused on ISIS strongholds in Syria, contradicting earlier reports of airstrikes in Nigeria.

user avatarTenzin Dorje

Cryptocurrency Market Faces Decline Amid Bitcoin Weakness

chest

ETH, SOL, and ADA experience price declines as Bitcoin struggles, leading to increased market caution.

user avatarBayarjavkhlan Ganbaatar

FTX Collapse Leads to Stricter Regulations in Cryptocurrency Market

chest

The collapse of FTX has led to increased scrutiny and regulatory adjustments in the cryptocurrency market.

user avatarMohamed Farouk

Husky Inu AI HINU Completes Latest Price Increase

chest

Husky Inu AI HINU has successfully increased its price during the prelaunch phase, rising from 0.000024115 to 0.000024208.

user avatarDiego Alvarez

Silver Prices Surge in China, Causing Market Turmoil

chest

Silver trading in China has become chaotic as prices hit a record high of $80 per ounce, leading to significant market stress and losses for the UBS SDIC Silver Futures Fund.

user avatarElias Mukuru

Guangzhou Futures Exchange Implements New Trading Limits for Precious Metals

chest

Guangzhou Futures Exchange announces new trading limits for platinum and palladium contracts effective December 29 to regulate trading amid market volatility.

user avatarKenji Takahashi

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.