Tendermint: Private Modularized Blockchains
- Dustin Byington•
- Ethan Buchman•
- Jae Kwon
As blockchain technologies mature, new protocol specifications are emerging, which take unique approaches to software design and how consensus is achieved. We have talked about Multchain and OpenChain in the past, but Tendermint promises to be a viable solution for many permissioned blockchain use cases. It’s design is modular, meaning that the application layer (smart contract) and the consensus layer are completely independent. This provides added flexibility and allows for business logic to be written in practically any programming language. In addition, its unique approach to consensus, a round-robin Proof-of-Skate algorithm, is much better suited for permissioned blockchain scenarios than Proof-of-Work.
Tendermint co-founders, Jae Kwon, Dustin Byington and Ethan Buchman, talk about this promising new blockchain protocol and how it is different from other projects we’ve seen so far.
Topics:
- How Tendermint came to be and how it has evolved since its creation
- Smart contract programming and the Tendermint Socket Protocol (TMSP)
- How Tendermint makes use of the Ethereum Virtual Machine (EVM)
- Tendermint’s approach to PoS consensus and its scalability benefits
- Use case for permissioned and public blockchains
- Future plans and business models