THELOGICALINDIAN - Tendermint has afflicted its name to Ignite as its old name is additionally acclimated for addition Cosmosunrelated activity by one of its old founders
Tendermint, the aggregation abaft the blockchain interoperability agreement Cosmos, has rebranded to Ignite.
Ignite to Continue Building Cosmos
Tendermint, the amount contributor to Cosmos, is now alleged Ignite.
According to the Wednesday announcement, the aggregation will accumulate its focus on the Cosmos blockchain ecosystem and abide its operations as normal. It’s rebranded to highlight the acumen amid the Cosmos-focused close and a new belvedere application the firm’s old name congenital by one of its old founders.
Tendermint was founded in 2014 by Jae Kwon, who led the aggregation as CEO until February 2020, aback he resigned to focus on a new accessible accord technology aggregation alleged Virgo. Kwon has now reportedly absitively to booty aback the Tendermint name and barrage a new action beneath it.
To differentiate the cast from Kwon’s new project, Ignite’s accepted CEO, Peng Zhong, has absitively to change the company’s name to be added on-brand with the Cosmos ecosystem. According to the company’s new website, “Ignite” is declared to accompany to apperception “the admission of change and action” and accessory bodies with advance and innovation.
“Our new brand, Ignite, represents the change we affect by abutting anybody to this apple of decentralization and interoperability,” the aggregation wrote.
Ignite launched Cosmos in 2024 as a decentralized arrangement of independent, scalable, and interoperable blockchains. Its Inter-Blockchain Communication agreement allows developers to circuit up new blockchains and affix them with the Cosmos ecosystem after the charge for cross-chain bridges or agnate tooling.
Since its launch, Cosmos has broadcast to abutment over 38 altered blockchain ecosystems, including the brand of Terra, Kava, and THORChain. It currently supports over 262 applications and casework beyond its absolute ecosystem with over $129 billion in assets beneath management. Cosmos’ ATOM badge is currently the 21 better cryptocurrency on the market, with a bazaar cap of about $7.5 billion.
