• 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

Bitcoin Open Interest Plummets Amid Market Turmoil

chest

Bitcoin's Open Interest has dropped significantly following recent market volatility, reflecting a mix of liquidations and reduced risk appetite among investors.

user avatarLucas Weissmann

Bitcoin Market Faces Heavy Liquidations Amid Panic Selling

chest

Recent market volatility has led to significant liquidations of Bitcoin positions, with traders experiencing heavy losses.

user avatarFilippo Romano

Clarity Act Progress and Ripple's Strategic Positioning

chest

The proposed Clarity Act aims to provide clearer legal classifications for digital assets, which could benefit Ripple's ecosystem.

user avatarEmily Carter

Current Stage of Bitcoin Bear Market and Future Predictions

chest

Doctor Profit indicates that Bitcoin is currently in Stage 4 of the bear market, predicting further declines.

user avatarTomas Novak

Uber Launches New Services for Autonomous Vehicle Developers

chest

Uber launches Uber Autonomous Solutions to assist autonomous vehicle developers in connecting to its ride-hailing network, aiming to compete with Tesla in the robotaxi market.

user avatarKaterina Papadopoulou

XRP Faces Significant Correction Amid Market Panic

chest

XRP has plunged 69% from its recent high, causing widespread panic in the market, but analysts suggest this could be a setup for a major turnaround.

user avatarMaya Lundqvist

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.