Tendermint
| ISIN | 🆔 |
|---|---|
| Industry | Cryptocurrency |
| Founded 📆 | January 2014, 28[1] |
| Founders 👔 | Jae Kwon |
| Headquarters 🏙️ | Berkeley, California[2] |
Area served 🗺️ | |
Key people | Zaki Manian (early contributor,[3] former director[citation needed]) Peng Zhong (CEO)[citation needed] |
| Products 📟 | Tendermint Core, Cosmos SDK, IBC protocol[citation needed] |
| Members | |
Number of employees | |
| 🌐 Website | tendermint |
| 📇 Address | |
| 📞 telephone | |
Tendermint is a for-profit company that develops Tendermint Core, a modular open-source[4] software project implementing a proof of stake Byzantine fault-tolerant consensus engine, an Application Blockchain Interface (ABCI) between the application logic and the consensus engine, that enables the replication of dApps written in any programming language, and the Inter-Blockchain Communication (IBC) protocol, an interoperability protocol modeled after TCP/IP for secure transfer of data and value.[citation needed]
Tendermint Core is middleware that takes a state transition machine and securely replicates it on many machines.[4][non-primary source needed]
History
Tendermint was founded by software developer Jae Kwon, who published the Tendermint white paper in 2014.[5] Blockchain systems must tolerate malicious actors compromising nodes and propagating false messages, in order to arrive at an honest consensus on the state of the network. The Tendermint white paper proposed a more efficient (designed to scale to thousands of transactions per second) Byzantine fault-tolerance model than Bitcoin's proof of work model, while also allowing this consensus engine to be used by other blockchains to be universally compatible with other programming languages.
In May 2020, Tendermint (as All in Bits) received a US$508,273 loan under the Paycheck Protection Program established by the 2020 CARES Act.[6][relevant? ]
Cosmos Network
Tendermint is the infrastructure engine of the Cosmos Network, a multi-chain blockchain framework platform focused on addressing the scalability and interoperability issues of blockchain systems. Cosmos debuted the concept for the blockchain interoperability platform in summer 2016, with a white paper also authored by Jae Kwon.[7][non-primary source needed]
In February 2018, it launched the Cosmos SDK. The SDK offers a proof of stake module as a foundation for blockchain applications, and an inter-blockchain communication (IBC) module for exchanging tokens and value with other blockchains.[8][non-primary source needed]
Tendermint and the Cosmos SDK have been used to build the Binance chain to facilitate cross-chain derivatives trading.[9]
External links
- Tendermint at Crunchbase
- Cosmos at Crunchbase
- What is Cosmos?
- Application BlockChain Interface (ABCI)
References
- ↑ "All in Bits Inc - Company Profile and News". Bloomberg.com.
- ↑ Tendermint at Crunchbase
- ↑ Manian, Zaki (17 July 2019). "Not a founder of @cosmos . Just a super early contributor!". Twitter.
- ↑ 4.0 4.1 "tendermint/tendermint". GitHub. 5 March 2021.
- ↑ Kwon, Jae (2014). "Tendermint: Consensus without Mining" (PDF).
- ↑ Willis, Moiz Syed, Derek (1 May 2020). "ALL IN BITS INC - Coronavirus Bailouts". ProPublica.
- ↑ "Cosmos white paper". GitHub.
- ↑ "Cosmos SDK". Cosmos Network.
- ↑ Butcher, Mike (3 December 2020). "As crypto comes back, Binance-backed Injective Protocol launches Testnet for its DeFi trading platform". TechCrunch.
This article "Tendermint" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Tendermint. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
