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Video: Jae Kwon on Cosmos

Jae Kwon of Cosmos and Tendermint

Some of the drawbacks of blockchains like Bitcoin and Ethereum, are their scalability, processing speed and complex governance.  During Bitcoin Wednesday on 2 November 2016, founder Jae Kwon presented his answer to those problems, Cosmos and its related technology, Tendermint.

Cosmos is a decentralized network of blockchains that eliminates the need for third party exchanges to convert cryptocurrencies of one blockchain to that of another. In this network, each blockchain is known as a Zone, which is fast and scalable. The zones connect to a central blockchain known as the Cosmos Hub, which is managed by a technology known as Tendermint. This framework enables interoperability, resulting in faster transactions and efficient exchange between cryptocurrencies.

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Jae Kwon of Cosmos and Tendermint