Cosmos Plans to Donate IBC Protocol to Linux Foundation's LF Decentralized Trust

Cosmos and nonprofit Interchain Foundation announced Monday they will donate IBC, a cross-chain communication protocol, to LF Decentralized Trust, the Linux Foundation's decentralized technology organization.

Once donated, IBC will be hosted as an LF Decentralized Trust project. Organizations participating in the project will jointly advance its development under a neutral governance framework. That gives the protocol a shared project home, with the host organization providing the setting for collaborative work by its participants. The arrangement sets out how participants will guide work after the donation.

Google Cloud supported the donation. People from 21 organizations jointly initiated the effort, including Wells Fargo, Figure Markets, OpenZeppelin, Cardano Foundation and Injective Labs.

The Interchain Foundation is a nonprofit supporter of Cosmos. IBC is an interoperability protocol for communication across blockchain networks. The move concerns project hosting and future protocol development: LF Decentralized Trust will host the work, and participating organizations will advance it together under neutral governance.