Cosmos Contributes Inter-Blockchain Communication Protocol to Linux Foundation Decentralized Trust
Cosmos and the Interchain Foundation have announced that the Inter-Blockchain Communication (IBC) protocol will be contributed to LF Decentralized Trust, a flagship organization of the Linux Foundation. This transition moves IBC under neutral governance to foster industry-wide collaboration on decentralized systems and interoperability standards. The move is backed by major institutional players including Google Cloud and Wells Fargo, aiming to provide a secure, open-source framework for moving assets across public and private digital ledgers. Since 2021, IBC has facilitated over $50 billion in transaction volume across more than 115 networks, serving central banks and large Japanese financial institutions.
Topics: Blockchain Technology Governance Interoperability Open Source