Taking the baby steps into the crypto market back in 2012 and investing for the first time, Peng Zhong felt the necessity of creating his own products to contribute more.
To strengthen the belief in the power of crypto, the CEO of Tendermint was one of the company’s employees back in 2015 as an architect of the new protocol “Tendermint BFP Consensus”. They never really developed it, which was step #2 that would lead to the actual blockchain.
He delves into the main focus of creating the protocol, the problems they have been facing as a team, the difference between proof-of-work vs proof-of-stake, and others.
He also shares his thoughts on why Bitcoin is the wrong answer for sustainability and environmental concerns.
If you want the interview in the podcast format, please visit the link below, Enjoy!
01:55 – The difference between Tendermint and Cosmos
13:42 – What is IBC
17:47 – What Cosmos and IBC offer
24:26 – The definition of Stargate
34:47 – What other incentives are other of having an early token?
49:43 – How to maintain the staking ratio
54:58 – Build Blockchain with the help of Cosmos SDK
1:11:20 – Books recommendations