Cross-Chain Protocol IBC to Be Transferred to Governance Under a Linux Foundation Organization

As reported by TechFlow, on Nov. 10, according to Cosmos' official announcement, Cosmos is contributing the IBC cross-chain communication protocol to LF Decentralized Trust under the Linux Foundation to advance open collaboration and protocol development under a neutral governance framework.

According to the announcement, LF Decentralized Trust will govern the IBC protocol and hold its trademarks in accordance with the public project charter and contribution guidelines, while the code will remain free and open source. Cosmos will continue to participate in development as a maintainer and contributor, and Datachain and OpenZeppelin will join code maintenance.

Source: TechFlow