CandleFocus Cardano and Hedera Join Decentralized Recovery Alliance Alongside Ripple and Algorand to Shape the Future of Crypto Security Standards
2024-09-06
Author: Content Editor
Cardano's development arm, IOHK, and Hedera have become founding members of the Decentralized Recovery Alliance (DeRec Alliance). They will serve on the Technical Oversight Committee for the next two years, helping to shape policies and standards for cryptocurrency recovery and to simplify the user experience. The alliance aims to solve problems in securing digital assets and reduce the burden of security management on users. The DeRec Alliance also includes other organizations such as the DLT Science Foundation and Oasis Protocol Foundation. This move is seen as a significant step towards increasing trust and transparency in the cryptocurrency space.
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