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

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

SEC Proposes New Custody Framework for Crypto Assets

The SEC has proposed a new custody framework for investment advisers and registered funds dealing with crypto assets, allowing for potential self-custody and the use of state trust companies as custodians.

user avatarArif Mukhtar

FINMA Approves First Swiss Retail Bitcoin ETF

Switzerland's financial regulator, FINMA, has approved its first retail ETF that invests directly in Bitcoin, allowing retail investors to gain regulated exposure to Bitcoin.

user avatarMaria Gutierrez

EIP7906 Proposal Considered for Enhancing Ethereum Transaction Safety

The Ethereum Foundation is considering EIP7906, which proposes a readonly post-transaction frame to evaluate changes and events before accepting transaction outcomes.

user avatarDavid Robinson

Ethereum Foundation Investigates Enhancements to Transaction Safety

Researchers at the Ethereum Foundation are examining native transaction assertions to enhance transaction safety and reliability in digital asset markets.

user avatarAndrew Smith

Ethereum Developers Delay Glamsterdam Upgrade on Hoodi Testnet

Ethereum developers have postponed the Glamsterdam upgrade initially scheduled for the Hoodi testnet on October 26, with no new activation date provided.

user avatarJacob Williams

Samsung and Solana to Enable Cross-Border USDC Transfers in Samsung Wallet

Samsung and Solana announced plans to integrate cross-border USDC transfers into Samsung Wallet, targeting 82 million US Galaxy devices.

user avatarZainab Kamara

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.