Peng Zhong, CEO of Ignite

Peng Zhong, CEO of Ignite

Ignite, a business that focuses in creating blockchain software, was once known as Tendermint, and Peng Zhong served as its CEO. The firm primarily supports the Cosmos network, which uses its own native coin, ATOM. Zhong joined Ignite as its chief design officer for the first time in 2015. He is well recognized for developing Voyager, the first Cosmos cryptocurrency wallet, later renamed Lunie.
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Zhong presently serves as the CEO of Ignite, a crucial part of the Cosmos ecosystem. Cosmos, which bills itself as the “Internet of Blockchains,” was created to provide seamless interoperability across various blockchains by streamlining information flow and transaction execution.

Tendermint Core, one of Ignit’s auxiliary products, uses a Byzantine-fault-tolerant protocol to prevent blockchain network failures and allows systems to replicate implementations over several machines. Blockchain networks can become more fault-tolerant when there are systemic problems thanks to the model.

In 2022


The Cosmos team, led by Zhong, is now working on several network upgrades, like as the Interchain Security feature, which will let larger chains provide security to smaller chains by managing validation and delegator procedures. Additionally, the development will make it possible to present younger projects to the Cosmos community when they are still in their infancy.

Interchain Accounts, a future Cosmos network feature, will let users manage accounts across linked blockchain networks without transferring tokens off the main chain. The Cosmos network contains several chains, therefore the solution will do away with the necessity to transfer tokens between blockchains whenever a different network is required.

Throughout the first part of the year, Cosmos also intends to roll out a number of incentive-based testnets that will enable users to test for vulnerabilities prior to their official debut.

Innovative blockchain technologies are predicted to increase in Cosmos in 2022. Zhong claims that the platform is home to some revolutionary projects that are currently in development, like as Pylons, a Cosmos-based nonfungible-token engine that enables fans without programming knowledge to start their own NFT marketplaces.

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