Enter Output (IOHK), the engineering firm behind Cardano, and Hedera have joined Ripple, Algorand, Hashgraph, and XRPL, “on a mission to simplify some of the important points in Web3 – the restoration and adoption of crypto and digital property,” in accordance with the group: “Launched in January 2024, the DeRec Alliance introduces a brand new open-source, standardized protocol simplifying and securing digital asset restoration, absolving customers of the dangers related to self-sovereignty. Additionally becoming a member of as alliance members immediately are the DLT Science Basis, Hashpack, Oasis Protocol Basis and Palisade.”
