Linux Foundation Launches Decentralized Trust with Major Open-Source Projects

The Linux Foundation has launched a new entity, the Linux Foundation Decentralized Trust (LFDT), aimed at uniting open-source projects for decentralized technologies.

This initiative kicks off with over 100 founding members, including notable participants from the Hyperledger Foundation, Hedera, and others.

Hedera, a top-tier member, has contributed its entire source code, including its hashgraph consensus algorithm, now branded as Project Hiero under LFDT. While the Linux Foundation will manage the code’s governance, the Hedera Council will continue to oversee network operations.

Another notable addition to LFDT is Dfns, a provider of wallet-as-a-service, which has introduced its key management system, known as Project Lockness. Dfns aims to advance the adoption of multi-party computation (MPC) by setting new standards for open-source cryptography.

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LFDT’s launch features a diverse array of projects focusing on ledger technologies, identity, cryptography, and more. Key new members also include Banco Central do Brasil and Polygon. Additionally, Hyperledger has released an upgraded version of Hyperledger Fabric 3.0, which introduces a new Byzantine Fault Tolerant consensus mechanism.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.