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Brent Xu, Head of Strategic Partnerships at Tendermint, Is Leaving Project to Start Cross-Chain DeFi Initiative Brent Xu, Head of Strategic Partnerships at Tendermint, Contributor to the ConsenSys & Whiteblock (and a bond trader before entering the decentralized finance and crypto space), recently revealed that he’s leaving Tendermint to start a new cross-chain DeFi project. Xu writes in a blog post, published on Monday (April 26, 2021) that it’s been “a wonderful experience working with the Tendermint team in building out the Cosmos network, and it was an honor to have this opportunity.” “When I first joined, we had just launched the Cosmos network and closed our series A funding. A lot has changed since then. These days we have an ever growing engineering team, a Peggy implementation for the Cosmos hub, as well as a successful IBC upgrade.” ....
The bridge is described as extremely safe, efficient, and fully decentralized. It is already supported by billions in ATOM coins, and its incentivized testnet is to arrive in late Q1 2021. Interoperability has been a dream of the blockchain industry for years, and now, there are finally some promising solutions. The latest one is the so-called Gravity Bridge product, expected to connect Cosmos (ATOM) and Ethereum (ETH) blockchains. Details about Gravity Bridge The new proposal for cross-chain development was announced by a decentralized mesh internet network for rural communities, known as Althea Network. The goal is to create the Cosmos Hub by bridging the gap between two blockchains. ....