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Cosmos contributes IBC cross-chain protocol to Linux Foundation's LF Decentralized Trust

Cosmos and Interchain are handing over the Inter-Blockchain Communication protocol to the Linux Foundation's LF Decentralized Trust, keeping the cross-chain technology open source with backing from major industry contributors.

Split graphic showing the Interchain IBC slash-circle symbol on the left and the Linux Foundation square emblem on the right against a black background.
Image: @BSCNews

Cosmos and Interchain are contributing the Inter-Blockchain Communication (IBC) protocol to LF Decentralized Trust, an open-source initiative hosted by the Linux Foundation. The protocol, which allows distinct blockchains to transfer tokens and data to one another, is being transferred to establish IBC as an open standard for distributed ledger interoperability.[1][2][3][4]

Under the move, LF Decentralized Trust—which already hosts Hedera's codebase—will take custody of the IBC trademark, while the underlying software remains free and open source. According to Cosmos, IBC has processed more than $50 billion in volume across upwards of 200 networks since 2021.[2][3][4]

The project is backed by Google Cloud and the Cardano Foundation, alongside contributors and individuals affiliated with Wells Fargo, Figure Markets, Injective, Cronos, and OpenZeppelin.[1][3][4]

Key facts

  • Cosmos and Interchain are contributing the Inter-Blockchain Communication (IBC) protocol to the Linux Foundation's LF Decentralized Trust.
  • LF Decentralized Trust will hold the IBC trademark, and the protocol's code will remain free and open source.
  • LF Decentralized Trust already hosts Hedera's code.
  • According to Cosmos, IBC has processed more than $50 billion in volume across over 200 networks since 2021.
  • The initiative is supported by Google Cloud and the Cardano Foundation.
  • Contributors affiliated with Wells Fargo, Figure Markets, Injective, Cronos, and OpenZeppelin are also supporting the contribution.

Sources · 4 sources

  1. CN

    crypto.news@cryptodotnewsPost on X ·

    JUST IN: Cosmos and Interchain donate IBC protocol to Linux Foundation initiative The contribution aims to advance IBC as an open standard for digital ledger interoperability, with support from Google Cloud and contributors affiliated with Wells Fargo, Figure Markets, Injective, Cardano, Cronos, and OpenZeppelin.

    Open source
  2. TW

    The Wolf Of All Streets@scottmelkerPost on X ·

    COSMOS cosmos:native HANDS ITS IBC PROTOCOL TO THE LINUX FOUNDATION'S LF DECENTRALIZED TRUST, WITH SUPPORT FROM GOOGLE CLOUD IBC HAS PROCESSED MORE THAN $50B IN VOLUME SINCE 2021 https://t.co/EggDwjWH2P

    Open source
  3. DE

    Decrypt@DecryptMediaPost on X ·

    Cosmos Contributes IBC Protocol to the Linux Foundation. IBC, which Cosmos says has processed more than $50 billion in volume since 2021, will be hosted as an LF Decentralized Trust project, backed by Google Cloud and individuals from Wells Fargo and Figure. https://t.co/4S6uwIYpkI

    Open source
  4. BS

    BSCN@BSCNewsPost on X ·

    Cosmos hands its IBC protocol to the Linux Foundation @cosmos is contributing IBC, the protocol that lets separate blockchains send tokens and data to each other, to @lfdecentralized, the open-source group that already hosts Hedera’s code. The group will hold the IBC trademark, and the code stays free and open source. @googlecloud and @Cardano_CF back the move, along with people from Wells Fargo, @injective, @CronosNetwork, and others. Per Cosmos, IBC has handled over $50B in volume across 200+ networks since 2021.

    Open source