Cosmos’s Interblockchain Communication protocol, IBC, is now hosted by the Linux Foundation Decentralized Trust to benefit from neutral and open governance. The transfer is intended to reduce centralization in IBC development and encourage adoption by financial institutions. The initiative is supported by Google Cloud and several organizations, including Figure Markets, OpenZeppelin, Datachain, the Cardano Foundation and Injective Labs. Since its launch in 2021, IBC has processed more than $50 billion in transactions across more than 115 networks.
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