Tendermint Thinks It Will Be Better Than Bitcoin
People have argued that the Bitcoin mining process is inefficient, wasting electricity and creating a negative impact on the environment. Some people have even suggested that this inefficiency has put Bitcoin at a great disadvantage, making it vulnerable to more environmentally friendly blockchain projects. Tendermint is one of those projects, and the team behind it believes that they have come up with a blockchain solution that is more effective and efficient than Bitcoin, and even the highly-praised Ethereum. Jae Kwon, creator of Tendermint, got the inspiration for his project from those....
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Tendermint aims to create a globally decentralized validator network suitable for enterprise. The first step towards achieving that goal is a new tool they recently launched, which empowers developers to quickly and easily launch their blockchains to any major cloud provider in under 3 minutes. A creator’s perspective. Jae Kwon is the Founder and CEO of Tendermint. Jae speaks to Cointelegraph on this new creation at Tendermint. He says; "At Tendermint we believe that in order to build a robust blockchain platform we cannot work with a single cloud hosting provider. We must work with a set....
Blockchain app specialist Tendermint is in the early stages of preparing to launch a public blockchain that could find it issuing tokens in a bid to create a platform comparable to bitcoin or Ethereum with alternative capabilities. First proposed in an ambitious white paper in 2014, Tendermint grew into a project centered on exploring how consensus could be achieved in blockchain systems without relying on electricity-intensive processes like mining. The startup’s tech is now used as a consensus layer by blockchain development platforms like Eris, and due to its construction and goals, has....
Blockchain app specialist, Tendermint, winner of the 20,000 RMB prize for the "Most Innovative" Award at the International Blockchain Week Demo Day in Shanghai, has announced the unveiling of Cosmos, a novel blockchain network designed to solve an array of problems that currently hinder blockchains and digital currencies: a lack of interoperability, scalability and capacity for upgrades. Speaking to Bitcoin Magazine, Jae Kwon, CEO of Tendermint, explained that the goal of Cosmos is to eliminate the dependence on exchanges and create a decentralized network to allow the free flow....
Peng Zhong stepped down as CEO roughly a month after former company head Jae Kwon said he would be leading NewTendermint, part of Ignite's split to two firms in May. Peng Zhong, the chief executive officer of Ignite — formerly Tendermint and backer of the Cosmos ecosystem — has announced he will be leaving the firm.In a Friday tweet to his more than 20,000 followers, Zhong said Friday will be his last day at Ignite, where he has been working as CEO since May 2020. Prior to that, the now-former Ignite CEO was chief design officer at the firm’s Kuala Lumpur and Toronto offices since he....
The backing will help Terraform Labs build more apps on its Tendermint-based blockchain.