ME News reports that on November 9 (UTC+8), Cosmos, along with its supporter, the non-profit Interchain Foundation, announced the donation of the Inter-Blockchain Communication (IBC) protocol to LF Decentralized Trust, a decentralized technologies initiative under the Linux Foundation. Going forward, IBC will be hosted as a project under this organization, with contributions from all stakeholders advancing the protocol under a neutral governance framework.
This donation is supported by Google Cloud and jointly initiated by individuals from 21 organizations, including Wells Fargo, Figure Markets, OpenZeppelin, Cardano Foundation, and Injective Labs. (Source: Foresight News)
Cosmos Donates the IBC Protocol to the Linux Foundation's LF Decentralized Trust
KuCoinFlashShare
Summary
Cosmos and the Interchain Foundation have donated the IBC protocol to LF Decentralized Trust under the Linux Foundation. This move aims to encourage collaboration among stakeholders, including altcoins to watch such as Cardano and Injective. Google Cloud supported the transfer, which was endorsed by 21 institutions. The decision aligns with market sentiment, as the Fear & Greed Index indicates rising institutional interest in decentralized infrastructure.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.