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Blockchain’s Last Stand: Desperate Crypto Titans Flock to ‘DeRec’ Alliance, Admitting Their Chains Are Held Together With Twine and Hope

A  illustration depicting a group of blockchain titans frantically holding onto each other, with ropes made from twine connecting them together as they stand on shaky ground amidst swirling clouds.

Hedera and IOHK join forces with other crypto companies because they’re finally realizing that their precious blockchain is about as secure as a kindergarten playground fence.

Source: cointelegraph

Cardano’s development arm, Input Output (IOHK), and Hedera, a decentralized public network, have joined the Decentralized Recovery Alliance (DeRec Alliance) as founding members. According to a press release shared with Cointelegraph, the two entities join Algorand Foundation, Hashgraph, Ripple and XRPL Labs to lead the security and trust Web3 initiative.  Cardano and Hedera will serve on the Technical Oversight Committee for the next two years, helping shape policies and standards […]

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